Measures
Economy
Schaeuble Says Greek People, Not Banks, Benefited from Bailout
German Finance Minister Wolfgang Schaeuble appeared upbeat on Greece at a conference hosted by Deutsche Bank on Friday. He said that Greece had implemented the majority of required measures under the bailout package and was headed towards regaining global...
Economy
Greece Tells Creditors Some Measures are Too Harsh to Implement
The disbursement of the next loan tranche to Greece is at serious risk after Finance Minister Euclid Tsakalotos sent a letter to creditors saying that some of the required measures are too harsh to pass in Greek Parliament.
Specifically, the...
Economy
Greek Fin Min Admits the Poor will Not Benefit from New Measures
Finance Minister Euclid Tsakalotos admitted that Greece's poor will not benefit from the new measures and that Tuesday's Eurogroup outcome was not as good as it was hoped.
Tsakalotos and Deputy Finance Minister Giorgos Chouliarakis gave a press conference in...
Economy
Schaeuble Doesn't Rule Out More Measures for Greece in 2018
German Finance Minister Wolfgang Schaeuble on Thursday did not rule out the possibility of "additional measures" in 2018 to assist Greece financially. However, he expressed the hope that this will not happen. Schaeuble stressed that Greece has made great...
Economy
Salaries, Pensions Not Excluded from Automatic Spending Cuts in Greece
Wages and pensions are not excluded from the automatic spending cuts the Greek government is obligated to make if it fails to reach fiscal targets in 2017.
Greece has proposed to its lenders a mechanism that would automatically cut state...
Greece
The Sooner this Government Leaves, the Better for this Place, Main Opposition Leader Mitsotakis Says
"As long as this government remains in power, it will be a government of damage," main opposition New Democracy (ND) leader Kyriakos Mitsotakis said on Sunday in a party conference.
Mitsotakis estimated that the measures taken will not give a...
Greece
Open Letter to European Leaders to Help Greece, Wrap Up Review
Dozens of academics, analysts, politicians, journalists and trade unionists throughout the world have appealed to European leaders and European institutions - including those conducting the ongoing negotiations with Greece - to change their stance and agree to disburse loans...
Economy
Tsipras Asks for EU Summit After Greece-Creditors Talks Fail
Greek Prime Minister Alexis Tsipras is to call European Council President Donald Tusk and ask for an emergency EU summit after negotiations between Greece and creditors failed to bear results.
Greece's aim was to reach a staff level agreement with...
Economy
Greece-Creditors Bailout Review Talks Resume Aiming at Draft Deal by Holy Thursday
Talks on the bailout program review between Greece and creditors resume today (Monday) with the two sides aiming at a draft deal by Holy Thursday.
If Athens and the mission chiefs of the European Commission, European Central Bank, European Stability...
Greece
Tsipras Seeks Political Solution to Greece's Bailout Review
Prime Minister Alexis Tsipras spoke to German Chancellor Angela Merkel on Tuesday in an effort to find a political solution to prevent additional fiscal measures for the completion of Greece's bailout review.
The two state leaders spoke on the telephone with...