IMF
Economy
Papaconstantinou: IMF Did Not Demand Debt Relief
In a statement issued on Tuesday, former Greek finance minister Giorgos Papakonstantinou denied that former IMF chief Dominique Strauss-Kahn ever insisted on restructuring Greek debt as part of the bailout deal of May 2010.
“Strauss-Kahn called me to a meeting at his office...
Economy
More Than 225,000 Greeks Scurry For Social Dividend
Greek Prime Minister Antonis Samaras' pre-election cash giveaway has prompted hundreds of thousands of people to apply for the so-called "social dividend," much of will be given to low-income pensioners along with the military and emergency personnel that make...
Economy
Samaras Expects Better Rates Before Future Bond Issuance
Greece is in no rush to jump back into the markets fully despite the recent sale of a 3-billion-euro five-year bond, Prime Minister Antonis Samaras said, adding that he expects eventual future issues to yield lower interest rates than the 4.95...
Economy
The Economist: No Trickle-Down Gains For Samaras
Prime Minister Antonis Samaras and his conservative New Democracy party isn't getting a big bump out of an array of good economic news as it faces a stern test in next month's critical elections for Greek municipalities and the...
Economy
Samaras' Pre-Election Pitch: Stability
With his party locked in a dogfight ahead of next month's critical elections for the European Parliament and Greek municipalities, Prime Minister Antonis Samaras is wooing voters with money and trying to convince them to keep stability in the...
Economy
'Thomsen's Girls' and 'Death Team' Examine Greek Tax Offices
Poul Thomsen's so-called 'Death Team' have started audits at all Greece's major tax offices, investigating the properties of Greek taxpayers. The country's tax collection mechanism is under the control of Thomsen and his team, who are determined to tackle tax evasion...
Greece
SYRIZA Infighting Over Candidates
With next month's critical elections for Greek municipalities and the European Parliament on the horizon, the country's major opposition Coalition of the Radical Left (SYRIZA) is dealing with some feuding in the ranks.
At a meeting to draw up a...
Economy
Greek Loans May Get 30-50 Years Payback
Despite a primary surplus and a tepid return to the bond markets, Greece's debt is still so unsustainable that European Union officials are reportedly preparing to extend repayments on 240 billion euros in two bailouts as much as 30...
Economy
Samaras Rejects Talk of Greece Needing Third Bailout
Fresh on the heels of Greece floating a sovereign bond for the first time since the economic crisis began four years ago, Prime Minister Antonis Samaras had to reject talk that a third bailout will be needed.
Samaras said the...
Economy
Papandreou Blames Karamanlis, EU For Crisis
Former Greek premier George Papandreou has again cast the blame on the country's crushing economic crisis that occurred on watch from 2009-11 on the European Union for acting too slow to help, and on his predecessor, Costas Karamanlis, for...