Greece
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Greek reforms

IMF Chief: Greece Must Reform Before Creditors Restructure Debt

Greece should reform its economy before European creditors restructure its sovereign debt, said International Monetary Fund (IMF) Managing Director Christine Lagarde, a day after the country's default on the Fund. Lagarde spoke to Reuters and hinted her frustration as she said that...

Greek Referendum Ballot Revealed

The official Greek referendum ballot was brought to light today, Monday, June 29. The upcoming referendum (July 5) will only require Greek citizens to answer “Yes” or “No” to the government's question. There has been a lot of talk over...

European Commission's Juncker Urges Greeks to Vote 'Yes' in Referendum

European Commission President Jean-Claude Juncker criticized the Greek government’s decision to end the bailout talks with the referendum announcement, while he defended the institutions’ reforms proposal. “I am in favor of a Europe that patiently seeks the common interest rather...

Greek PM: 'Without an Honorable Compromise, We Will Say the Big No'

"Our proposal meets the institutions' demands for fiscal targets and reforms," Greek Prime Minister Alexis Tsipras said on Wednesday after a meeting with Austrian Chancellor Werner Faymann. He also referred to the gradual abolition of early pensions as of 2016....

Greek PM Tsipras: 'Creditors Want to Humiliate Greece'

After four months of intensive negotiations, Greece had submitted a proposal that could have been the basis for a sustainable and socially acceptable agreement, Greek Prime Minister Alexis Tsipras told SYRIZA's Parliamentary group on Tuesday. Instead of a reply, the...

Obama and Merkel Stress the Need for Greek Reforms

U.S. President Barack Obama visited Krün, Germany, on his way to the G7 summit, where he was greeted by alpine horns and men in traditional lederhosen attire. He met with German Chancellor Angela Merkel and discussed about the recent developments regarding the Greek...

Juncker 'Still Waiting for Alternative Greek Reform Plans'

European Commission President Jean-Claude Juncker, speaking ahead of the G7 summit in Bavaria, Germany, on Sunday, said he is still waiting for Greece to produce the set of economic reform plans it had promised after rejecting creditors' demands last...

New Democracy Leader: 'The Government Should Apologize to the Greek People'

Greece's main opposition leader Antonis Samaras attacked the government for questioning the success of the previous administration and called on it to apologize to Greeks. Commenting on the figures included in the country's 2015 Reform Program that was presented to Europe in April,...

Greek Govt Seeks Deal Amid Reactions from Party Hardliners

The Greek government's strategy in negotiations with creditors and the calculation of proposed measures in order to reach an agreement were the main issues in Wednesday's cabinet meeting headed by Prime Minister Alexis Tsipras. However, party hardliners, the so-called Left...

New Democracy Urges Greek Govt to Stop 'Disrupting' Implemented Reforms

Greek main opposition New Democracy urged the government to work “methodically, effectively and with a plan” to avoid disrupting the reforms that have been implemented “with great sacrifice” in the last two years. New Democracy Economic Affairs Coordinator Christos Staikouras said...