Greece
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Poul Thomsen

Sombre Warnings From Greek Troika

Top representatives of the Greek "Troika" stoutly defended the focus of the Greek bailout programme on Tuesday and insisted that Greece must raise its game on economic reforms, political unity and tackling vested interests, or risk failure. MEPs advocated...

Thomsen Says Must Be Limit to Greek Fiscal Pain

Debt-laden Greece and its international lenders must focus less on deficit reduction and more on reform because there are limits to what society can tolerate, a senior IMF official said on Wednesday. With a long-awaited debt swap deal with private...

Greece Submits Legislation to Decrease Corruption in Public Sector

Greece’s government submitted legislation to handle cases of corruption and other illegal or unethical behavior in the public sector, as part of its reform drive. “The practices of the last decades show there is inherent weakness in the present disciplinary...

Greeks Bracing for Another Round of Tax Hikes

As Greeks struggle through a Christmas season shorn of much of their bonuses, the government is[...]

Troika Tells Greece: Action, Not Talk

ATHENS – Official from the Troika of international lenders keeping Greece on economic life support with rescue loans will wrap up a 10-day visit here on Dec. 18 and said they want some firm proposals on demands to further...

Greece: The Incredible Shrinking Country

ATHENS – Even as interim Prime Minister Lucas Papademos, who is leading a temporary coalition government, insisted that he’s on track to keep international aid coming and eventually right the technically-bankrupt country, statistics show the economy is contracting worse...

IMF Says Greeks Taxed-Out; 150,000 Will Lose Their Jobs

ATHENS – Buried under waves of austerity measures, beleaguered Greeks shouldn't have to suffer any more tax hikes, one of its principal international lenders, the International Monetary Fund, said, but the government is still proceeding with plans to reduce...

IMF's Man Says Greek Rescue Plan May Fail

  ATHENS - The International Monetary Fund's representative in Greece has warned that a $152 billion bailout of rescue loans may not work because he said the country's leaders are dragging their feet on critical structural reforms. The IMF, along...

Greek Bailout Inspection Over – or not

There seemed to be confusion over the state of the Greek bailout talks on Friday. Inspectors from the so called troika – the European Union, the International Monetary Fund and the European Central Bank – contradicted a statement from the...