reforms

German Finance Minister: Greek Debt Relief Must be Tied to Growth Plan

Any debt-relief measures for Greece will be discussed only after Athens presents a credible program that focuses on growth, German Finance Minister Olaf Scholz has said. The German finance minister, interviewed in Sunday's Frankfurter Allgemeine Zeitung, said Berlin's position -- and...

Most Greek CEOs Want Creditors to Scrutinize Government

Two out of three top executives of Greek companies believe creditors should continue to supervise Athens’ fiscal policy after the end of the bailout program in August. According to a survey by the Association of Chief Executive Officers (EASE), top...

Greek Workers Protest Outside PM's Office Against Labor Reforms (video)

Communist-affiliated labor unionists evaded tight security and demonstrated against employment law reforms just outside the office of the Greek prime minister in Athens on Wednesday. Associated Press later reported police saying one officer suffered minor injuries trying to stop the...

Tsipras Calls on Ministers to Implement Reforms

Addressing a meeting of the cabinet on Monday, Prime Minister Alexis Tsipras urged ministers to get on with the reforms that were demanded by creditors, so the country can exit its bailout program in 10 months. In televised remarks, the...

German FinMin Claims Credit for Pushing Greeks to Implement Crucial Reforms

German Finance Minister Wolfgang Schaeuble has reportedly claimed credit for pushing Greece to adopt much-needed structural reforms. “One day, will erect a monument in my honor,” Schaeuble was quoted by Handelsblatt newspaper as saying during an election rally in...

German FinMin: Greece has made Progress in Reforms

German Finance Minister Wolfgang Schaeuble said that Greece has made progress in implementing reforms and the next bailout tranche will be released soon. Schaeuble gave an interview to the Funke media group newspapers that was published on Sunday. He is...

PM Tsipras: Greece Ready to Legislate Reforms Depending on Debt Relief

During an interview with ANT1 television on Tuesday, Greek Prime Minister Alexis Tsipras underlined that Greece is willing to legislate the additional reforms demanded by its lenders but implementing them in 2019 and 2020 depends on securing further debt...

German President Steinmeier: Greece Will Take on More Reforms to Improve Economy and Social Cohesion

Greece still has not reached the end destination and it will take additional reforms, even if economic indicators are improving. German President Frank-Walter Steinmeier said in an interview with Kathimerini newspaper on Friday, adding that the end objective is that...

BoG Chief: Greece's Pension System Is Bankrupt, Reforms Necessary

Greece's current pension system is bankrupt and in need of reforms, such as raising the age of retirement to 70, said Bank of Greece Governor Yiannis Stournaras on Thursday. Speaking during an Economist conference on private insurance, Stournaras said that,...

IMF Spokesman Says Clear Commitment of Partners Needed to Restructure Debt

The spokesman for the International Monetary Fund, Jerry Rice, briefing journalists today, said that the IMF wants a clear commitment of the partners to restructure the debt, even if it is adopted at a future stage. Mr. Rice commenting on...