Greece
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International Monetary Fund

WSJ: Secret Meeting Held on Greece

According to a publication by the U.S. newspaper Wall Street Journal, Greece’s creditors seem to be deeply concerned about the rhythm in which the Greek structural reforms are being put through by the government. The article published late on Friday reveals...

Proposal for 10% Single Tax On Savings

The idea was well hidden in the report of the International Monetary Fund which provided a 6.5 billion euro budget gap for Greece. The IMF proposed the imposition of a one-off capital levy of 10% on individuals in order...

IMF Report Disputes Greek Surplus Claims

A report from one of Greece's international lenders, the International Monetary Fund has rattled the government because it estimates that a third bailout of about 6.9 billion euros - with corresponding austerity measures that Prime Minister Antonis Samaras swore...

Samaras Talks Debt Cut in Washington

After a meeting in Washington, D.C., with International Monetary Fund chief Christine Lagarde, one of Greece's Troika of international lenders, Prime Minister Antonis Samaras, the New Democracy Conservative party leader, again began fishing for a debt cut he said...

Greek Healthcare System Ranked 30th Worldwide

This month Bloomberg identified the most and the least efficient health care systems on a worldwide basis, highlighting those of Hong Kong, Singapore and Japan as the world's best. On the same list Greece holds the 30th place while the...

New Greek Aid Seen At 10B Euros

Speculation that Greece will need additional rescue aid for its economy is rapidly turning toward certainty with another European Union official acknowledging it seems inevitable and will be about 10 billion euros ($13 billion) to complement two bailouts totaling...

IMF's New Greek Austerity Mea Culpa

The International Monetary Fund, in a new working paper, has admitted again it vastly underestimated the crushing effects of austerity on Greece even as it said it's going to insist on more. The IMF last year tried to distance itself...

Greek Civil Aviation Workers Go on 3-Day Strike

A three-day strike from early in the morning of August 9 until midnight on August 11 will be conducted, as decided by the Federation of Associations of Hellenic Civil Aviation Authority (OSYPA), reacting to the government’s decision to fire...

IMF Says It Will Finance Greece, Pending Review

The International Monetary Fund said Thursday that it would continue to finance Greece as long as it is able to complete a review of the cash-strapped country's finances by the end of July as expected. The statement by the Washington-based...

More Greek Austerity Ruled Out – Maybe

Greek Prime Minister Antonis Samaras, who has assured Greeks that a $17.45 billion spending cut and tax hike plan that’s being implemented will be the last time they face austerity measures is getting backing from an economist who heads...