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Institutions

Phone Conversation Between Greek PM Tsipras and French President Hollande

On Friday afternoon, Greek Prime Minister Alexis Tsipras rushed out of his meeting with political party leaders. According to reports, the reason behind the sudden exit was an urgent phone call with French President Francois Hollande. The conversation had to do with the current hold-up in...

Greek Parliament Approves Second Set of Terms Required for Bailout Deal

Greece's parliament approved a second set of austerity measures into laws on Thursday; a requirement for the country to receive a bailout deal by its creditors. Greece moved closer to seal a new bailout deal, the third one, with the European Central...

Delia Velculescu to Become IMF Head Representative in Greece

The International Monetary Fund (IMF) is set to replace Rishi Goyal, head representative of the institution's technical team in Greece, with a person who has had experience in analyzing Greece's troubled economy before. Greek newspaper "Kathimerini" reported that Delia Velculescu will now be the one assessing Greece’s...

The Institutions Return to Athens

The institutions, formerly known as the Troika, are back in Athens. Representatives of the European Central Bank (ECB), the European Commission  the International Monetary Fund (IMF) have returned to Greece. This time, however, there will be a fourth organization delegating officials in...

Institutions Review the Greek Proposals

International Monetary Fund Managing Director Christine Lagarde, European Central Bank President Mario Draghi, European Commission President Jean Claude Juncker and Eurogroup President Jeroen Dijsselbleom held a phone conference on Friday to discuss whether the proposals submitted by the Greek...

FT Journalist Spiegel Caught Juncker Lying About Greece

Financial Times journalist Peter Spiegel hastened to comment on the press conference Jean-Claude Juncker gave Monday saying that it is not true what the European Commission President said about pension cuts in Greece. Through his personal Twitter account, Spiegel accuses Juncker of...

Eurogroup Chief: Greece Has Not Agreed With the Institutions' Proposal

The Greek side has not agreed with the text the institutions have submitted to the Eurogroup, said Eurogroup chief Jeroen Dijsselbloem. "We will present to the ministers the documents that the institutions have jointly drafted. We do not have the...

Greek PM Tsipras: 'Creditors Want to Humiliate Greece'

After four months of intensive negotiations, Greece had submitted a proposal that could have been the basis for a sustainable and socially acceptable agreement, Greek Prime Minister Alexis Tsipras told SYRIZA's Parliamentary group on Tuesday. Instead of a reply, the...

White House Urges Greece and Lenders to Close Deal

White House Press Secretary Josh Earnest on Tuesday expressed his optimism that Greece and its creditors will reach a deal and market instability will be avoided. Asked on the course of the negotiations between Athens and the EU institutions, Earnest...

Greek FinMin: 'Greece Will Not Present New Reforms at Eurogroup'

Greek Finance Minister Yanis Varoufakis late on Monday said that the three institutions have different red lines. "It is one thing to negotiate with one institution and another thing to negotiate with three institutions that do not want the same...