International Monetary Fund
Economy
Bad Loans Amendment Tabled by Outgoing Minister
Nikos Dendias tabled his last regulation as Minister of Development earlier today. He was later sworn before the Archbishop of Athens and All Greece Ieronymos as the new National Defense Minister replacing Dimitris Avramopoulos.
The amendment regards bad business loans...
Economy
IMF Warns Greece Over Early Exit From Bailout Program
The International Monetary Fund (IMF) expressed its opposition to the Greek government's plans to rely solely on commercial markets for financing, after Prime Minister Antonis Samaras revealed that the country might exit its bailout program ahead of schedule. In...
Economy
Greek Govt to Lenders: 'Give Us More Time for Pension Reform'
The Greek government is pressing its international lenders to exclude the pension reform plan from the backlog of reforms that need to be completed before exiting the bailout program, Reuters reported. With the final review over its progress on the bailout...
Economy
Greek FinMin: Positive Growth Rate in Third Quarter of 2014
Addressing the Francophone Economic Forum in Athens earlier today, Greek Finance Minister Gikas Hardouvelis appeared optimistic over the country's growth rate in the third quarter of the year. "After six years of continuous shrinking, the Greek economy is expected...
Economy
Regling: ECB Review Will Clarify Greece's Funding Needs
The European banking sector review expected this coming Sunday, October 26, will clarify Greece's funding needs, said European Stability Mechanism (ESM) head Klaus Regling earlier today.
Regling also stressed that the Eurozone should keep the funds it is allocating for crisis...
Greece
International Media On Scenarios of a SYRIZA Govt in Greece
International media flirt more and more with the scenario of opposition party SYRIZA being the next government in Greece, in a way “forcing” banks, economists and analysts to prepare reports and examine the positive or negative economic effects of such...
Cyprus
President Anastasiades: Cyprus Targets to Exit its Rescue Program Sooner
Cyprus intends to sell debt for a second time this year in order to exit its international rescue program before it was officially planed, Cypriot President Nicos Anastasiades revealed today in an Milan interview, on the sidelines of the...
Economy
Greece is Exiting the Memorandum, Govt Spokeswoman Says
Greece is close to exiting the Memorandum of Economic and Financial Policies signed with the International Monetary Fund (IMF) and this will not have an impact on fiscal figures or increase the debt and the deficit, government spokeswoman Sofia...
Economy
Bloomberg Restates that Greece Should Follow a Bailout Program
Greece’s lenders are insisting that the country remains subject to an economic bailout program, according to financial newspaper Bloomberg, which has cited two anonymous officials.
European financial support for Greece is set to expire at the end of 2014, although the...
Economy
ESM: EU, IMF "In No Mood" for Greek Debt Haircut
European Stability Mechanism (ESM) Managing Director Klaus Regling stated to Greek newspaper "Realnews" that Greece’s international lenders are “not in the mood” to consider a debt haircut. "There is no political mood in the EU or the IMF for a Greek...