Greece
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reforms

German Chancellor Merkel Says Greece's Mitsotakis Promised Quick Reforms

German Chancellor, Angela Merkel, revealed on Wednesday that Greece’s new Prime Minister, Kyriakos Mitsotakis, promised in a phone call that he would quickly implement the reform program, Reuters reports. Speaking at a news conference with Finland’s Prime Minister, Merkel also...

Greek Economy Still Not Competitive, Survey Suggests

The International Institute for Management Development (IMD) published its new World Competitiveness rankings for 2019 on Tuesday, in which Greece not only remained very low but had dropped down one place compared to 2018. Greece ranked in 58th place for 2019,...

Germany's Schaeuble Admits Greece in Much Better Shape Now

Germany's former finance minister Wolfgang Schaeuble admitted on Friday that the Greek economy is in a much better position than it was eight years ago. Speaking with Greece's TA NEA newspaper, the German politician noted that "Greece is in a...

Eurogroup Approves Disbursement of 978 Million Euros to Greece

The Eurogroup on Friday approved the positive recommendation of the College of Commissioners for the disbursement of the 978 million euros which are owed to the nation of Greece. The tranche represents the return of the profits held by the...

EU Opens Way For Disbursement of €1 Billion to Greece

The College of Commissioners of the EU approved the updated Enhanced Surveillance Report on Greece on Wednesday, which states that all agreed-upon reforms have been implemented by Greece. This opens the way for the delayed disbursement of the first tranche...

IMF Hails Greece's Recovery But Warns Risks Still Remain

The International Monetary Fund (IMF) published its first "Post-Program Monitoring Report" on Greece's economy on Tuesday, after the country's exit from the last bailout program in August, 2018. The report lauds Greece's progress regarding its economy, noting that ''the economic recovery...

Moody's Upgrades Greece's Rating by Two Notches

Rating agency Moody's announced on Friday it has upgraded Greece's sovereign credit rating by two notches from "B3" to "B1" with a stable outlook. In a statement, Moody's explained that its upgrade reflected the strengthening of Greece's economy thanks to...

EU's Moscovici Calls on Greece to Hasten Reforms

EU's Economy and Finance Commissioner Pierre Moscovici said on Thursday that Greece must deliver on its promised reforms to send a positive signal to debt markets before a meeting of eurozone finance ministers next month. “I hope and I expect...

EU Blocks Cash to Greece Over Delays on Reforms

Greece's creditors decided on Wednesday to postpone a 750 million euro ($854.4 million) payment to Greece following concern over the country's foot-dragging over reforms. In a European Commission compliance report released in Brussels, the creditors call on Greece to fully...

Greek Opposition Leader Promises Lower Taxes, Reforms (video)

Greece's opposition leader Kyriakos Mitsotakis promised sweeping changes to his nation's economy during an exclusive interview with CNBC on Tuesday. Speaking before the upcoming Greek general elections later this year, Mitsotakis, the leader of New Democracy, vowed to restore market credibility during...