International Monetary Fund

The Greek Organization of Football Prognostics (OPAP) will bid for the country’s horse race betting license, after teaming up with a British fund manager, just days after the Hellenic Republic Asset Development Fund (HRADF) rejected the sole offer in...

Greek economy and the major unresolved issues, such as managing the country's debt, dominated a meeting on Wednesday between Greek Prime Minister Antonis Samaras and Pierre Moscovici, the former French Finance Minister that France has currently put forward as...

The IMF is pressing Greece to form a private collection agency in order to recover millions of euros owed to social security funds. However, the Greek Ministry of Interior is refusing to give ground even though the debt to social...

An analysis of Greek debt sustainability by economists Darvas, Sapir and Wolff depicts precisely to whom Greece has to repay its debts. According to official data by the European Union statistical office (EUROSTAT) and the Bank of Greece (BoG), Greece...

The Hellenic Republic Assets Development Fund (HRADF), responsible for raising money from state property sales to reduce debt, is pitching the abandoned Villa de Vecchi on the Greek island of Rhodes, which had been the holiday home of Italian dictator...

The current internal devaluation process in Greece includes job cuts and shrinking of domestic demand rather than structural reforms which could increase productivity, noted the International Monetary Fund (IMF) on a new report analyzing the amount of responsibility that the northern...

The Foundation for Economic and Industrial Research (IOBE) reported on Wednesday that the Greek economy should grow by 0.7% this year but the increasing unemployment rate is likely to drop less than originally estimated. IOBE, Greece's leading economic think tank, had earlier predicted a small growth for...

Portugal and Greece have money set aside to recapitalize their banks if the European Central Bank (ECB) uncovers problems during its asset-quality review and stress test, European Stability Mechanism (ESM) chief Klaus Regling said, according to Bloomberg news agency. The...

According to BlackRock's quarterly Sovereign Risk Index that shows which countries face the highest risk of default, Greece was among the countries most likely to go bankrupt. The last three months (April-May-June) favored developed markets such as Belgium and the UK, which rose...

Greek Prime Minister Antonis Samaras, the New Democracy Capitalist leader, may yet rue that he sat on his hands and let the neo-Nazi nutcakes of Golden Dawn run amok, beating immigrants, demanding the arrest of blasphemers, shutting down plays,...