IMF
Economy
Samaras Seeks Greek Debt Relief
Greek Prime Minister Antonis Samaras said he will insist that the country's international lenders allow a debt cut if a primary surplus is a achieved for 2013, and that he wants it done before the May elections for European...
Economy
Greece Close to Troika EAS Deal
One of the biggest obstacles to closing a deal on uncompleted reforms and trigger the release of a one billion euro ($1.37 billion) installment from international lenders - whether to shut down or privatize Greece's money-bleeding defense contractor -...
Economy
Tsipras Presses Rehn on Debt Relief
It wasn't a receptive audience, but Greece's major opposition party Coalition of the Radical Left (SYRIZA) leader Alexis Tsipras, meeting in Strasbourg, France with European Economic and Monetary Affairs Commissioner Olli Rehn, told him that Greece can't afford to...
Economy
Greece Nears Fiscal Target Goal
Greece said the economy, despite disappointing tax returns, has beaten budget expectations in the first 11 months of 2013, adding optimism to its belief that next year there will be the beginning of a recovery.
The Finance Ministry said it...
Economy
Venizelos Urges Quick Troika Deal
Deputy Prime Minister/Foreign Minister Evangelos Venizelos, who acts at the behest of Prime Minister Antonis Samaras, said after a symbolic meeting with envoys from Greece's international lenders that it's essential for the two sides to reach agreement on the...
Economy
Lagarde: IMF’s Admission of Error on Fiscal Multipliers for Greece "A Matter of Honour"
Managing director of the International Monetary Fund (IMF) Christine Lagarde said on Tuesday that it was a “matter of honour” for the IMF to acknowledge its forecast error on the fiscal multipliers in the case of Greece and other...
Economy
Stournaras Sees Troika Deal Coming
Despite a breakdown in talks with international lenders over delayed reforms and how to fill a big hole in the 2014 budget, Greek Finance Minister Yannis Stournaras said he expects they will release a one billion euro ($1.37 billion)...
Economy
New Data Shows Decrease in Greek Inflation
According to data presented on Monday by the Greek statistics service, the inflation in Greece has significantly decreased, while it is the ninth consecutive month that a negative inflation rate is recorded due to the 2.9% drop of consumer...
Economy
Greek Banks Find Mortgage Ban Exploiters
About 30,000 homeowners, or 15 percent of the 200,000 protected under a moratorium on foreclosures during a crushing economic crisis, are taking advantage of the law not to pay their mortgages even though they can, a survey of loans...
Economy
Troika Will Return to Greece – Without Techs
After it was first reported that envoys from Greece's international lenders who had broken off talks over delayed reforms and big hole in the 2014 budget wouldn't be coming back to Athens, it's now been said that they will,...