reforms

Greece and Creditors Still Far Apart from Deal

Greece's international creditors spent the weekend studying the list of reforms the Greek government presented on Friday and sources from Brussels say that it may take one or two weeks before a final decision is made whether further financial...

Greek Government Rushes to Complete List of Reforms

The Greek government is rushing to complete by Monday the comprehensive list of reforms lenders require before they release further financial aid. If the list is presented on Monday, then the Eurogroup will convene on Tuesday or Wednesday. If the...

Cash-Strapped Greece Has to Pay €5.2 Billion in 19 Days

Greece's financial obligations until mid-April amount to 5.2 billion euros, while Europe is keeping the liquidity tap closed until the Greek government presents a comprehensive list of reforms to the next Eurogroup. By the end of March, 1.7 billion euros...

Tsipras Warns Merkel, The Whole Letter: 'Impossible for Greece to Make Payments'

Greek Prime Minister Alexis Tsipras sent a letter to German Chancellor Angela Merkel on March 15 saying that it is impossible for Greece to fulfill its obligations to lenders unless it gets short-term financial aid. Financial Times has obtained the...

Greek Gov't Rushes to Compile Reforms List

Greek Prime Minister Alexis Tsipras and teams of relevant ministries are in a series of meetings in order to compile the list of reforms required after the meeting in Brussels. Greece's European partners have asked Tsipras to expedite procedures as...

Merkel Asks Greece to Step Up Reforms in Exchange of Aid

German Chancellor Angela Merkel said Greece must rebuild the trust of its euro zone partners and step up reform efforts in order to get further financial aid. The four-hour meeting between Greek Prime Minister Alexis Tsipras, the leaders of France...

Merkel's Right Hand: No Special Treatment for Greece

"No special treatment for Greece," said CDU lawmaker Volker Kauder, adding a new episode in the caustic verbal exchange between Greek and German officials. Kauder, who is considered to be Angela Merkel's "right hand," spoke to German newspaper Bild on...

Lenders Representatives Will Be Auditing Athens as 'Brussels Group'

Technical talks between Greece and lenders regarding reforms have started in Brussels on Wednesday. The team of representatives that will be coming to Athens to review the progress on the measures required for Greece's bailout program will be called the "Brussels Group,"...

The New Greek Government Refines the Art of Procrastination

In the past five months the words "critical Eurogroup" are repeated like a mantra on the lips of journalists and Greek citizens alike. Every Eurogroup since October, is like signifying the end of times, or Armageddon, like our flamboyant...

Cartoon Shows Merkel Teaching Greece With a Whip

A new political cartoon about Greece depicts the tension between the crisis-stricken country and the way the European Union views its reluctance to implement reforms required by the bailout program. Political cartoonist Carlos Latuff uses German Chancellor Angela Merkel as...