Greece
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Troika

The EU-Turkish Bazaar

Recently, the IMF EU -Troika team visited the occupied area of Cyprus to study and ascertain the costs of the illegal airport in preparation for the enormous loans Cyprus would require to meet the "reunification” costs of the island....

European 'Troika' Meeting in Frankfurt Over Greek 'Fiscal Gap' Proved Fruitless

The new bailout program for Greece continues to divide the country’s international creditors as the International Monetary Fund (IMF) refuses to go along with the reform guidelines proposed by Athens and EU officials. The position of the IMF is that...

Death of the Republic of Cyprus

There is euphoria in the air on resolving the Cyprus issue this year; come rain or shine there will be a solution – so insist all the major players including a Nobel Prize winner! What kind of a solution?...

Hope Has Turned to Despair One Year After Syriza’s Historic Rise to Power

“Hope begins today” was the message that the current Greek Prime Minister Alexis Tsipras sent to the Greek people when his Coalition of the Radical Left (SYRIZA) party won the national elections held a year ago, on January 25th...

Greek Government Agrees to Hold Discussions with IMF Over Pension Reform

  Tsipras’ Syriza-led government has done more somersaults since it came to power than an acrobatic gymnastics team in Olympic competition. Take for example its stance on the IMF and the so-called Troika in general. First, Tsipras and his lieutenants promised...

The Greek Government's Five Open Fronts With the Creditors

The troika has requested corrections and new measures that need to be implemented before the upcoming Eurogroup of November 9, where the Eurozone finance ministers will assess Greece’s overall performance during the first months of the bailout program.  Five specific areas...

A Storm of Taxes Set to Hit Greece in the Coming Days

The major changes and increases on the Greek tax system, as they were stated in the country’s third bailout agreement will begin in October, causing a tax storm for Greek citizens. Specifically, the deadline for the second installment payment of...

Stiglitz: 'Germany is Responsible for the Chaos in Greece'

Economy Nobel prize winner Joseph Stiglitz criticized once again the austerity policies imposed on Greece by Germany and the Eurozone, saying that "Germany is responsible for the chaos." In an interview with the German newspaper Tagesspiegel, Stiglitz estimated that Greece's...

Varoufakis Reveals Deals He Proposed to Greece's Creditors

Former Greek Finance Minister Yanis Varoufakis published on Thursday two proposals he claims to have made to Greece's international creditors in May and June. Varoufakis, who resigned from his post on July 6, claims that both proposals, one of which was...

Varoufakis: Spain is Next to Drown in Debt After Greece

Greece's former finance minister Yanis Varoufakis said that the third bailout creditors offered was really meant to drown Greece in debt in order to divert attention from other EU problems. Varoufakis spoke to Spain's El Pais and claimed that the reforms...