Greece
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post-bailout

Six Out of Ten Greeks 'Barely Cope': Survey

The everyday lives of Greeks have not changed much since the country exited the bailout program last August, according to a new survey by the Foundation for Economic and Industrial Research (IOBE). IOBE is an independent research organization, established in...

Greek Pension Cuts 'Maybe Cancelled' – Report

A report by the Athens-Macedonia News Agency (AMNA) says that the pension cuts scheduled to come into effect from the beginning of 2019 maybe cancelled in agreement with Greece's lenders. The semi-official agency quotes unnamed sources saying that the "institutions...

Tsipras Hails Greek 'Success Story' and Warns of Rise of Chauvinism in Europe

Greek Prime Minister Alexis Tsipras spoke on Tuesday to the European Parliament on his vision of the future of Europe and the "success story" of the country that came out of the bailout era. "Greece has made it. Three years...

Germany Warns Greece to Fulfill Post-Bailout Commitments

German minister of Finance Olaf Scholz warned Athens to honor the commitments it undertook to exit the bailout era and stressed that the country's agreements with its partners and creditors have to be respected. In an exclusive interview with Greek...

Moody's Warns Greece to Avoid Becoming a Modern Day Sisyphus

In a post mortem of the era of bailouts, ratings agency Moody's highlights the catastrophic impact of the eight years of austerity on the Greek economy and warns economic and political risks could derail the return to normality. “Risks abound...

Greece's Tsipras Hails End of Bailout Era from Ithaca (video)

Prime Minister Alexis Tsipras hailed Greece's exit from its bailout program on Tuesday in a televised address from the island of Ithaca. "Today a new day is dawning in our country, a historic day. The bailouts of recession, austerity, recession...

8 Years of Bailouts: A Timeline of the Greek Crisis

Greece turned a page on eight years of spending cuts and three straight international bailouts on Monday as experts warned that the country's economic challenges are far from over. The European Union, the European Central Bank and the International Monetary...

Greece Exits Final Bailout 'Successfully' (video)

Greece officially concludes its third bailout program with a successful exit, the euro zone’s ESM rescue fund said on Monday. “Today we can safely conclude the ESM programme with no more follow-up rescue programmes as, for the first time since early...

4 More Decades of Austerity Await Greece, US Economist Warns

Instead of providing stimulus for growth to Greece, its European creditors are forcing the country into renewed austerity that will last four decades, a US economist says. Writing in the Washington Post, Matt O'Brien, former senior associate editor at the...

Germany Puts Last Bailout Tranche to Greece on Hold

Germany blocked a final 15 billion-euro ($17.5 billion) bailout payment to Greece after the government in Athens postponed a value-added tax (VAT) hike on a handful of islands that have been hit hard by the influx of migrants. For the...