Greece
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Greek reforms

European Parliament President: We Will Have an Agreement on Greece this Week

European Parliament President Martin Schulz claimed there will be an agreement over the Greek bailout issue within this week, while he made a plea to put an end to the speculation against the single currency and end the ongoing negotiations. As he...

OECD to Assist Greek Govt with New Reforms Package

Greek Prime Minister Alexis Tsipras traveled to Paris today, where he met with OECD (Organization for Economic Co-operation and Development) Secretary General Angel Gurria in order to discuss a possible Organization event taking place in Greece and focusing on...

Greek Main Opposition on Eurogroup Results: 'We Are Still Far from Achieving Our Goal'

Greece is still very far from achieving its goals and the country is wasting time, main opposition New Democracy spokesman Costas Karagounis said on Monday evening, commenting on the results of the Eurogroup meeting that ended earlier. "We are still very far from...

ECB to Raise Emergency Funding for Greek Banks

The European Central Bank (ECB) greenlit funding for Greek banks amounting to 68.8 billion euros via the Emergency Liquidity Assistance (ELA) support mechanism. ECB's 25-member board of directors, which held a meeting in Nicosia, Cyprus, decided to increase Greece's funding...

Bloomberg: Liquidity in Greece Might End in Three Weeks

As negotiations over the Greek debt continue for over six months, the impasse threatens to drag Greece back into recession, or even lead it to bankruptcy, according to a Bloomberg report. Greece needs 6.5 billion euros by the end of...

French Foreign Minister: Respect the Greek People's Vote

French Foreign Minister Laurent Fabius, addressing both the European and the Greek side, just a few hours ahead of today's critical Eurogroup, made a plea to respect the Greek voters' mandate as well as the Greek government's reform commitments. In...

Bank de France Governor Rules Out Greek Debt Write-Off

Bank de France Governor and European Central Bank (ECB) board member Christian Noyer appeared negative today towards a partial Greek debt write-off, although he did not rule out adjustments, reminding that the European countries that have lent money to Greece...

PM Samaras: Greece Has Kept its Deal

Earlier on Wednesday, Greek Prime Minister Antonis Samaras set out the "achievements" of the Greek economy and the efforts undertaken by the Greek people. “After six years of recession there is development in Greece," said the Prime Minister in his...

Greek Recovery: All Good Things to Know Are Difficult to Learn

By Dean Argiris* - There is an old Greek proverb, “all good things to know are difficult to learn” and the debt crisis which developed in 2009 is definitely chief among the “good things to know.” Greece has provided valuable...