Troika negotiations

Six-Month Extention in Greek Program Under Consideration, New Review Deadline on December 14

The possibility of extending Greece 's bailout program by six months, to mid 2015, is being considered by the Eurozone Finance Ministers, according to a document obtained by Reuters, while Athens insists it is only discussing an extension of a...

Greece Will Need Bailout Extension, EU Official Says

The preventive credit line for Greece will not be ready in time, therefore the country will have to ask for an extension on its bailout program before Eurozone parliaments close for Christmas, a senior EU official told Reuters earlier...

Greek FinMin: We are Working to Avoid Return to Uncertainty

His estimation that significant progress has been made in the ongoing talks between Troika's representatives and the Greek government, expressed earlier today Finance Minister Gikas Hardouvelis, during his speech at the Greek Economic Conference organized by the American-Hellenic Chamber...

Planned VAT Increase in Hotels Disastrous, Say Tourism Professionals

The strong reaction of Greek tourism industry professionals caused the scenarios that leaked lately regarding a possible rise in the VAT rate for hotels, from the current 6.5% to 13%. Association of Greek Tourism Enterprises (SETE) chief Andreas Andreadis characterized such...

Greek PM: Agreement on Presidential Election a Must

Negotiations to wrap up the fiscal adjustment program with the country's Troika of lenders are "tough and comprehensive but must be completed before the end of the year," Greek Prime Minister Antonis Samaras told Greek newspaper "Ethnos" in an interview published...

DIMAR Leader: Extension of the Memorandum Equals Continuation of Recession

In a written statement, Democratic Left (DIMAR) President Fotis Kouvelis criticized the Greek government for mishandling the Troika negotiations. The former coalition government partner warned that a possible extension of the Memorandum equals with the continuation of the recession...

Greece-Troika Talks in Paris Reach Dead End

After two days of marathon negotiations in Paris, Greece and its international lenders have failed to reach a deal regarding the country’s austerity and reform program, while Greece is approaching the deadline to strike a new financing deal with its...

Greek PM Meets With Govt VP Ahead of Troika Meeting in Paris

Yet another meeting was held earlier today at the government headquarters between Greece's Prime Minister Antonis Samaras and government Vice President and Foreign Minister Evangelos Venizelos, ahead of the negotiations with Troika representatives tomorrow in "neutral ground," in Paris, France. According to...

Hardouvelis: 'All Issues Under Negotiation to Be Laid on the Table'

Greece’s Finance Minister Gikas Hardouvelis has said that he is optimistic about the outcome of today's negotiations with international creditors. The minister delivered the statement after a meeting with Prime Minister Antonis Samaras at Maximos Mansion yesterday evening. Hardouvelis declared...

The Upcoming Troika Negotiations: A Case of Hot Potatoes?

The Troika's upcoming evaluation of Greece's financial recovery will include a helping of “hot potatoes” for the Greek government – that is to say, the need to address heated topics such as retirement age, public sector layoffs and health care costs. Today, a meeting...