IMF

Political resistance and potential court challenges are among “very large” risks to reforms required for Greece’s bailout program, the country’s European lenders said, cautioning that despite Prime Minister Antonis Samaras' boasting that Greece has been saved from disaster that...

Unable to stop runaway tax evasion in a country that is the most corrupt in the European Union, the Greek government is planning to create a so-called “Committee of Wise Men” to come up with some other way to...

After getting the formal approval on Dec. 14 from the Eurozone finance ministers he was meeting in Brussels for a surge of 52.5 billion euros ($68.6 billion) in a series of more rescue loans over the next few months...

A new tax scheme attached to a $17.45 billion spending cut and tax hike plan for 2013-14 aims squarely at the middle class despite Prime Minister Antonis Samaras’ promise to insulate it from harsh new austerity measures. Samaras, the New...

Greek officials said on Dec. 12 they need an additional 1.29 billion euros ($1.68 billion) to finish a plan to buy back 30 billion euros ($31.9 billion) because the government had to offer a higher than expected price to...

With the backing of its own banks, Greek officials said they met a target to buy back 30 billion euros ($38.96 billion) of bonds held by investors, goal international lenders set to trigger the release of long-delayed 34.4 billion...

Desperate for cash, Greece is reportedly going to get an offer from Qatar to take over troubled Greek defense companies as part of a long-delayed massive privatization that could see the sell-off of major industries and assets. Qatar’s interest in...

Self-employed professionals in Greece, noted for being among the biggest tax evaders and failing to give receipts, could face big tax hikes under a new $17.45 billion spending cut and tax hike plan they vociferously opposed. According to the new...

Holders of Greek bonds, including Greek banks as well as foreign institutions, have agreed to sell back some 30 billion euros ($38.8) of their holdings, government officials said, meeting a target to release a series of $56.7 billion in...

The Greek government will exempt the country’s struggling banks from a plan to use 10 billion euros ($12.9 billion) to buy back its bonds from investors at a big discount in a bid to write down debt by 20...