Yanis Varoufakis

Germany on Thursday dismissed Greece’s request for bridge funding that would give the country three months to negotiate new bailout terms, insisting that the newly-elected government must meet the requirements tied to its agreed program. German Finance Minister Wolfgang Schaeuble...

The Greek government will start presenting its policy statements on Sunday at 6 p.m. (local time), it was announced after the end of the first government council meeting on Thursday. During the meeting, Greek Prime Minister Alexis Tsipras briefed ministers...

A demonstration largely different from those Athens has seen in recent years took place today in downtown Athens' Syntagma Square. The rally was called for 6.00 pm and was organized through social media. It was the first pro-government demonstration...

An emergency meeting of the Eurozone member-states’ Finance Ministers is possible to be held next Wednesday, February 11, in Brussels in order to discuss the developments regarding the Greek program. The Eurogroup meeting, to be held on the eve...

The new Greek government has not formally approached the International Monetary Fund (IMF) to table its proposals, according to the organization's spokesperson, Gerry Rice. Rice said there is no official dialogue between the Greek government and IMF. “Therefore, we can neither assess the...

Greece must negotiate with the troika of international lenders on the basis of the bailout program, said German Finance Minister Wolfgang Schaeuble, after the meeting with his Greek counterpart Yanis Varoufakis in Berlin today. The two officials did not come to...

"The only thing we ask for is not to be put under pressure by means of an ultimatum. To give us time until the end of May or the beginning of summer to be able to put our suggestions...

Bloomberg predicts that Greece is facing the risk of running out of money with the next 20 days, according to an article entitled “Greece May Run Out of Cash as Early as March,” published on February 4. “As Greece’s creditors line...

The Athens Stock Exchange opened in free fall today, with -10% losses, following an announcement by the European Central Bank saying it lifted its waiver on credit requirements for assets posted as collateral by Greek financial institutions. At 10.41am...

The European Central Bank (ECB) is suspending the eligibility of Greek government bonds as collateral for its liquidity operations, starting from February 11th. In a press release on Wednesday night, the ECB, which was having a governing council meeting earlier...