IMF
Economy
EU Sees 3.8B Euro Greek Gap
Fresh on the heels of the Eurozone approving another 4 billion euros ($5.3 billion) in loans and aid, a European Commission official acknowledged that Greece faces a funding gap of some 3.8 billion euros ($5.04 billion) next year but...
Economy
IMF Wants Pay Cuts, Fewer Worker Rights
One of Greece's Troika of lenders the International Monetary Fund, on July 29 will decide whether to to release its current commitment of 1.8 billion euros ($2.39 billion) and reportedly wants more pay cuts and curtailing of worker rights...
Economy
Eurozone OK's Greek Bailout Loan
In a continuation of the constant cat-and-mouse game it plays with Greece, Eurozone officials on July 26 approved the release of a briefly-delayed 2.5 billion euro ($3.31 billion) overdue loan installment after the government approved amendments to complete its...
Crime
Greece Admits Shielding VIP Tax Cheats
Greece's Finance Ministry has admitted what everybody in Greece already knew: the government has been playing favorites with VIP's and allowing them to dodge taxes, with inspectors checking with supervisors before deciding how to handle the case of people...
Greece
Samaras Scrambles To Satisfy Troika
With Greece's international lenders still wavering over when to release more loan installments until the government fulfills all previous requirements, Prime Minister Antonis Samaras is pushing his Cabinet ministers to go full speed ahead to make sure everything conforms...
Economy
Most Greek Aid Back To Lenders
Greece will use more than half of an incoming loan installment of 4 billion euros ($5.27 billion) from the Eurozone to give back to investors and banks who hold Greek bonds instead of using it for social services, in...
Economy
Eurozone Greek Aid Decision July 26
Eurozone finance ministry officials will hold another conference call on July 26 to decide whether Greece can get its next 4 billion euros ($5.27 billion aid payment, two European officials said, although other reports indicated that the money would...
Economy
Greek Workers Fear Coming Firings
After three years of austerity measures that created a record 27.4 percent unemployment rate and put 1.3 million people out of work – all in the private sector – Greece’s fragile coalition government is turning its attention to reducing...
Economy
Germany Says Greek Aid May Be Delayed
The ink's not even dry yet on the latest deal Greece signed with its international lenders to keep rescue aid coming in return for more reforms but after the European Commission warned the country may already be slipping, Germany’s...
Economy
Samaras Tells Ministers To Get Cracking
With Greece's international lenders looking over his shoulder and pressing him to meet fiscal targets or face a cutoff in funding, Prime Minister Antonis Samaras told key cabinet members in the two-party coalition to speed up structural reforms in...