Simon O'Connor
Economy
EU Commissioner: Europe Supports Greece
European Union's willingness to continue support Greece in order to ensure reasonable financing conditions after the end of the current program, was expressed today by European Commissioner for Economic and Monetary Affairs Jyrki Katainen.
"Greece has made immense progress in...
Economy
Theoharis Denies Government Forced Him To Quit
Greece's top tax official, Harry Theoharis, said his abrupt resignation on June 5 was for "personal reasons" and said he wasn't squeezed out for allegedly mishandling the critical job of trying to bring in more tax revenues.
The position of...
Economy
Eurostat Fudged Greek Primary Surplus Figures
The European Union's statistics agency Eurostat has said it manipulated data to show that Greece has a primary surplus of 1.5 billion euros when in reality it still runs a deficit, but defended the fudge as a legitimate exception afforded none...
Economy
Troika Will Return to Greece – Without Techs
After it was first reported that envoys from Greece's international lenders who had broken off talks over delayed reforms and big hole in the 2014 budget wouldn't be coming back to Athens, it's now been said that they will,...
Economy
Troika Delay Return to Greece to January
The European Commission confirmed late on Saturday that there will be no conclusion of the latest troika review of the Greek adjustment program this month.
Senior auditors from the so-called creditor troika -- the EU, IMF and European Central Bank...
Economy
Troika Softens On Foreclosure Ban Lifting
After insisting that banks be allowed to confiscate the homes of people who weren't paying their mortgages during a crushing economic crisis Greece's international lenders have changed their stance and now say the government should sort out those who...
Economy
EU Disputes IMF's Greek Mea Culpa
The European Commission, one of the Troika of Greece's rescue lenders, took a big step back on June 6 from an International Monetary Fund (IMF) report that said the bailouts were flawed because austerity measures had a more...
Greece
EU Says Deposits Not Safe From Seizure
Guarantees on deposits in the European Union are only applicable if a bank completely collapses, and does not protect depositors from having some, or all, of their money seized by governments for any reason, the European Commission said, defending...
Economy
Greece Ready To Fire 5,000 Workers
Greece's international lenders have left Athens after talks failed to agree on instituting new reforms, but the government reportedly is preparing to fire more than 5,000 civil servants by the end of next year to keep critical rescue monies...
Economy
Troika Puts Off Talks, Tsipras Says Greece Should Bail Out
ATHENS – Inspectors for international lenders providing Greece with critical money lifelines were to arrive on July 3, but negotiations with officials of the country’s new coalition government on whether changes will be allowed to bailout deals have been...