Greece
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Structural reforms

Merkel: Greece's Prospects Better Than Two Years Ago, Much to be Done

Her belief that the prospects of Greece are better than they were two years ago, expressed German Chancellor Angela Merkel at the federal parliament (Bundestag), adding though that much has to be done. The Bundestag was voting today over the two-month extension...

IMF Proposes Structural Reforms for Greece Instead of Wage Cuts

The current internal devaluation process in Greece includes job cuts and shrinking of domestic demand rather than structural reforms which could increase productivity, noted the International Monetary Fund (IMF) on a new report analyzing the amount of responsibility that the northern...

Dijsselbloem: More Work Needs to be Done on the Greek Program

Speaking before the Eurogroup meeting in Brussels, German Finance Minister Wolfgang Schaeuble assured that there is no intention of modifying the growth and stability pact. In his statement, Schaeuble stressed that there was a need for further stimulating growth in...

Angel Gurria: Greece First in the World for Structural Reforms

Greek Prime Minister Antonis Samaras had an excellent meeting with Angel Gurria, the Secretary General of the Organization for Economic Co-operation and Development (OECD). Gurria gave Samaras a recent report by the Organization for Economic Cooperation and Development, an overview...