Greece
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International Monetary Fund

Greek Economy and Debt Dominate Samaras-Moscovici Meeting

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...

Greek Interior Ministry Refuses to Form Debt Collection Agency

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...

Mapping the Greek Debt

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...

Mussolini's Villa de Vecchi in Rhodes for Sale

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...

IMF Proposes Structural Reforms for Greece Instead of Wage Cuts

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...

IOBE Says Greek Economy Will Grow by 0.7%

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...

Regling: Greece Has Money For Bank Recapitalization

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...

BlackRock: Greece is Most Likely to go Bankrupt

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...

Samaras' Golden Dawn Trump Card: Joker

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,...

Lagarde List Probe Finds Rampant Tax Cheating

More than 3 1/2 years after first receiving it, Greece is speeding the pace of looking into a list of 2,062 citizens with $1.95 billion in secret Swiss bank accounts and after only 72 inspections has found the depositors...