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IMF

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...

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...

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...

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...

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...

'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...

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...

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...

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...

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...