IMF
Economy
Citibank Expects Greek Eurozone Exit Within 18 Months
While Greek Prime Minister Antonis Samaras is working toward trying to make the economy recover in the face of daunting odds, the international financial comglomerate Citi, which includes Citibank, said it believes he won't make it and that the...
Economy
Stournaras Says Greece Will Make It
With pessimism and gloom settling over Greece with another pending $14.6 billion in government spending cuts and more austerity measures looming, Finance Minister Yiannis Stournas said he believes that the country will survive and its economy come back.
Speaking to...
Economy
Tsipras Calls for Mass Protests Against Austerity
Coalition of the Radical Left (SYRIZA) leader Alexis Tsipras has dismissed hopes that Greece would get two-year extension to meet reduce its deficit and impose more austerity on orders of international lenders as a failed scheme he said would...
Economy
Samaras Says Grexit Would Be Catastrophe
Again pleading for more time to lower Greece’s deficit and make more deep spending cuts on orders of international lenders, Greek Prime Minister Antonis Samaras repeated his warning that the alternative – Greece being forced out of the Eurozone,...
Economy
Austrian Finance Minister Says More Time For Greece
Greek Prime Minister Antonis Samaras’ hopes that Greece will get an additional two years to make spending cuts and reduce its deficit got support from Austrian Finance Minister Maria Fekter, whose country is one of the 17 in the...
Economy
Tsipras Envisions a "Post-Troika" Greece
Coalition of the Radical Left (SYRIZA) leader Alexis Tsipras, who has been mostly silent for months while the uneasy coalition of Prime Minister Antonis Samaras has been preparing $14.6 billion in budget cuts aimed primarily at the poor, workers...
Economy
Greece Ready To Tax Those In Poverty
Looking everywhere for cash, a frantic Greek government is reportedly ready to scrap the tax-free threshold of 5,000 euros, or $6,561 a year and make the desperately poor pay taxes for the first time.
The level had been reduced to...
Economy
Lagarde, EU, Say Greece May Get More Time
Greece may get more time to reduce its deficit and impose more harsh austerity measures – but not more money – International Monetary Fund chief Christine Lagarde said after a meeting of EU finance ministers in Cyprus.
Prime Minister Antonis...
Economy
Greece Will Need Third Bailout, Says Greece's IMF Rep
Greece will need a third arranged bailout with its international lenders after falling far short of its austerity programme targets, an IMF official told the Wall Street Journal in an interview published by Dow Jones Newswires.
The Euro fell sharply...
Economy
Venizelos, Kouvelis Tell Samaras: No Worker Firings
With international lenders turning the screws on Greece - including extending working hours to 78 hours a week and raising the retirement age to 67 - Prime Minister Antonis Samaras was unable to convince his reluctant coalition partners, PASOK...