Troika

After weeks of worry, Greek officials were told Oct. 21 that a critical $11 billion loan installment as part of a $152 bailout to keep the country from going bankrupt[...]

Greek debt can be brought down to near 120 percent of gross domestic product by the end of 2020 if private investors forgive 50 percent of what Athens owes them, a report by international inspectors on Greek debt sustainability...

A massive restructuring of Greek debt, that will mean a deeper cut for private-sector investors, looks a lot more likely after the so-called troika of international inspectors in its latest report on Greek economic reforms concluded that Athens' public-sector...

ATHENS - As growing numbers of public workers join the ranks of strikers protesting pay cuts,  tax hikes, and the layoff of 30,000 workers Finance Minister Evangelos Venizelos blistered them for their actions and said the city was under...

German Finance Minister Wolfgang Schaeuble said Saturday that euro-zone members were confident of resolving Greece's debt woes. He also said G-20 finance ministers and central bank governors meeting in Paris acknowledged the efforts made by the euro zone to contain...

The sixth aid tranche would be released to Greece most likely in early November, said the Troika in a joint statement. Once the Eurogroup and the IMF’s Executive Board have approved the conclusions of the fifth review, the next tranche...

IMF/EU/ECB ask for additional measures of €4 billion for the period 2011-2015 besides measures of €6 billion already included in the draft budget of 2012. Troika representatives continue technical consultations, seeking new measures, while its senior officials prepare the final...

After a round of consultations last week and over the weekend, inter alia with the Presidents of the Commission and the Eurogroup, on developments in the Euro area, President of the European Council Herman Van Rompuy has decided to...

Representatives of Greece's international creditors (IMF, EU and ECB), who have been in Athens for the past week, continue to apply pressure for further guarantees from the Athens government on the faithful introduction of the Medium-Term Economic Programme agreed...

Greece and its international financers have agreed that civil servants over 60 and close to retirement will be made redundant, radio reports said Sunday. Finance Minister Evagelos Venizelos has been in talks with international auditors from the European Union, International...