Greece
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Dombrovskis on Greek Debt, Primary Surpluses and Growth

European Commission vice president Valdis Dombrovskis, appeared positive over strong growth rates in Greece in 2017, and meeting deficit and primary surplus targets in questions posed by European parliament vice president Dimitris Papadimoulis, during the Economic and Monetary Policy...

European Commission: Recession in 2016, Growth in 2017 in Greece

The European Commission predicts that the end of 2016 will find Greece with a 0.3% recession, but 2017 will follow with a 2.7% growth, according to the autumn estimates. The EC report says that Greek economy stagnated in the first...

EBRD: Greek Economy will Grow 2% in 2017, While 2016 will End With Zero Growth

The growth rate of the Greek economy in the second half of 2016 will probably be positive, resulting in zero at the end of the year, according to a European Bank for Reconstruction and Development report. The report, called Regional...

IMF: Greek Economy Will Grow in the Short Term, But Not in Medium, Long Term

The forecasts for the Greek economy are optimistic for the short term, but not for the medium and long term, an International Monetary Fund report says. According to the IMF World Economic Outlook report, 2016 will see a 0.1% growth,...

U.S. Treasury Secretary: Europe Must Support Growth

"The argument between austerity and growth is over. Right now everyone agrees that we need to support growth," said U.S. Treasury Secretary Jack Lew in a public debate in Italy. According to a report in the online edition of Italian...

Greek Budget Report: Economic Recovery Not Visible Yet

Greek Parliament's quarterly report points to growth prospects to follow the completion of the first review and "additional bailout." The report states that development will come if the reforms are adopted, but there are still dangers lurking. The report stresses...

Eurostat: Return to Recovery in the Second half of 2016 and Higher Than Expected Growth Rates

Government officials expressed their content over Eurostat's second bunch of economic figures on the Greek economy in a meeting chaired by Prime Minister Alexis Tsipras on Tuesday. Eurostat's data confirmed the estimates of the Greek government for return to recovery...

European Parliament Approves €35 Billion in Funding for Greece

  The European Parliament on Tuesday approved a set of one-off measures aimed at boosting the effective spending of 35 billion euros earmarked for Greece in the EU 2014-2020 budget. The funds include 20 billion euros from the European structural and...

The Points Where Greece and Creditors Disagree or Converge

The Greek government made public the outline of the proposal to international creditors, including some concessions, with the belief that it is a realistic plan that would solve the debt problem and lead to economic growth. The eight points of...

U.S. President Obama in Support of Greece, Suggests No More Austerity [Video]

In an interview with the American TV Network CNN earlier today, U.S. President, Barack Obama, underlined that austerity can no longer be imposed on people. In what is seen as a powerful appeal to European leaders and in direct support of...