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Labor Reforms, Fiscal Gap the Main Issues in Talks Between Government, Institutions, Says EC Source

Labor reform issues and the fiscal gap in 2018 will be the focus of the meetings between the Greek government and the heads of institutions who will return to Athens on Tuesday for talks on Greece’s second program review,...

Greek FinMin: I am Disappointed by IMF's Stance

"I am disappointed by International Monetary Fund's stance" stated Finance Minister Euclid Tsakalotos in an interview with the Sunday newspaper RealNews. "It is absent from the negotiation and does not give a single battle to support its report that austerity...

Greek Finance Minister: Second Programme Review Can Be Concluded in December

The conclusion of the second programme review within December is feasible, Greek Finance Minister Euclid Tsakalotos said in an interview with Agora newspaper on Saturday. "I think that the conclusion of the second programme review is still feasible and I...

IMF Not Asking for Additional Austerity in Greece, Spokesman Gerry Rice Says

The International Monetary Fund (IMF) welcomes the adoption of short-term measures for Greece's debt but these may not be enough to make the Greek debt sustainable in the medium- and long-term, IMF spokesman Gerry Rice said during the regular...

ECB's Decision to Extend QE Is 'Good for Greece' ECB Sources Say

The European Central Bank (ECB) governing board's decision to extend the ECB's quantitative easing programme until December 2017 is positive for Greece, giving it additional time to enter the programme, ECB sources told the Athens-Macedonian News Agency (ANA) on...

Greek Budget Shows 6.502 bln Euros Primary Surplus in January-October

The Greek state budget recorded a primary surplus of 6.502 billion euros in the January-October period, from a primary surplus of 4.532 billion in the corresponding period in 2015 and a budget target for a primary surplus of 3.572...

EU Commission Satisfied Over Progress in Negotiations With Greece

European Commission spokeswoman Annika Breidthardt on Tuesday expressed her satisfaction over the progress made in the negotiations between the Greek authorities and the institutions. As she said, "good progress" was made in the negotiations. Breidthardt noted that the departure of the...

The Second Programme Review will Advance Without Concessions on Labor Issues, Gov't Spokesman Says

The IMF insists on a series of reforms that we believe will not contribute to the country's competitiveness, Greek government spokesman Dimitris Tzanakopoulos on Monday said referring to the second programme review. "We will proceed with the second programme review...

President and Finance Minister Announce Cyprus' Exit from the Economic Adjustment Programme

President of the Republic of Cyprus Nicos Anastasiades and Finance Minister Harris Georgiades announced Monday Cyprus' exit from the its economic adjustment programme, which was approved by a Eurogroup meeting in Brussels. "The last Eurogroup on Cyprus' memorandum. Three years...