Greece
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post-bailout

EU Approves 'Enhanced Surveillance' for Post-Bailout Greece

The European Commission on Wednesday said Greece will remain under an "enhanced surveillance framework" to ensure that it meets ambitious budget targets through 2022. The country will still be subject to quarterly inspections from creditors after the bailout program ends...

EU's Moscovici Blasts Greek Opposition Over Post-Bailout Deal

EU Commissioner Pierre Moscovici launched an attack on Greece's opposition for criticizing the June Eurogroup agreement and the exit of the country from the bailout "for reasons of internal politics". During a speech at the European Parliament in Strasbourg on...

EU's Moscovici: Greece Returns to Normality

After eight difficult years Greece is back to normality, to autonomy and the markets, EU Commissioner for Economic and Financial Affairs, Pierre Moscovici told the Greek parliament on Tuesday. Moscovici said that the decisions that had to be taken by Greek...

Will Greece's Tsipras Finally Wear a Tie?

The Greek government is preparing an event on Friday evening to celebrate the agreement reached by Eurozone ministers on debt relief and a cash payout, paving the way for the country's bailout exit in two months’ time. Reports suggest that Prime Minister...

Greece Gets Debt Relief and Cash Payout as Bailout Saga Ends

Eurozone ministers agreed debt relief and a big cash payout for Greece in the early hours of Friday paving the way for its program exit in two months’ time. “After eight long years Greece will finally be graduating from its...

Rescue Fund Chief Warns Greece to Stick to Reforms

The Greek government should remain focused on implementing the prescribed reforms to regain investors’ trust and return successfully to the markets, the head of the European Stability Mechanism, Klaus Regling, warned on Tuesday. Speaking at a dinner for the 90th...

IMF Still Undecided Over Future Role in Greece

The International Monetary Fund may still participate in the Greek program and this will become clear on June 21, when there is a Eurogroup meeting, said International Monetary Fund Managing Director Christine Lagarde on Monday. Speaking to reporters after meeting...

Greece Denies Postponing Bond Issue Due to Italy Crisis

Greece on Wednesday denied reports that the planned issue of a 10-year government bond had been postponed, pointing out that no decision to issue such a bond had been made. Earlier, Reuters reported that Athens had decided to push back...

EU Document Confirms Greece's Post-Bailout Scrutiny

As eurozone finance ministers gather in Brussels on Thursday to finalize Greece's exit from the current bailout package, a document published by the European Commission confirms the country will remain under the creditors' microscope after August 2018. The 40-page Supplemental...

Greek Plan Vows to Keep Budget Surplus at 3.5% of GDP Until 2022

  Greece has vowed to keep its primary budget surplus -- the balance before debt servicing -- at 3.5 percent of GDP until 2022 according to a document released describing the country's post-bailout strategy. The 106-page document, which was presented at...