reforms

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,...

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...

The Greek government on Monday agreed to legislate new fiscal measures that will apply from 2019 and on in order for creditors' missions to return to Athens to resume talks on the bailout program review. The new measures are not...

No country in Europe has achieved more progress than Greece on the issue of competitiveness, said European Commission President Jean-Claude Juncker on Saturday. The European Commission president spoke on  German public radio Deutschlandfunk (DLF) where, inter alia, he said that,...

Greece needs to make "painful political and social reforms" in order to return to "the road of sustainable growth," said the International Monetary Fund Director of European Affairs, Poul Thomsen. The IMF official introduced the IMF report on Greece via...

The Greek debt is unsustainable in the long-term and further fiscal measures are needed, despite progress and sacrifices made, the International Monetary Fund said on Monday. According to the statement issued after the IMF board meeting, Greece needs to make...

The Greek government admitted on Tuesday evening that only one-third of required measures and reforms required by the bailout program have been implemented. Maximos Mansion confirmed a Bloomberg report on Monday saying that almost two-thirds of the required reforms are...

The Greek debt is manageable if the agreed reforms are fully implemented, responds European Stability Mechanism (ESM) after the leak of IMF's report underlining in parallel that there is no reason for scaremongering over the Greek debt. An ESM representative...

If creditor countries such as Germany show excessive leniency towards fiscal targets in Greece, it will cost them dearly, says a Frankfurter Allgemeine Zeitung report. According to the German newspaper, Greece has agreed to reach primary surpluses of 3.5% of GDP...

According to Reuters, German Finance Minister Wolfgang Schaeuble has stated that he believes that Greece can have a more competitive economy once it undergoes the reforms specified by its eurozone lenders. The statement from Schaeuble came on Monday as the...