Yannis Stournaras
Economy
Greece to Press on With Austerity as Businesses Slam Troika Visits
Greece is to redouble its efforts to reach a deal with its creditors so that the loans it needs are handed over, the country's finance minister said in an interview published Saturday.
"We have completed 90 percent of the road...
Economy
Eurostat: Greek Inflation Lowest in Eurozone
While Greece is suffering a crushing economic crisis, at least inflation hasn't done as much damage as it could. Figures from the European statistics agency Eurostat for September showed the country had the lowest inflation rate, just 0.3 percent,...
Economy
Austerity Talks to Continue, Progress Seen
Greece and its European Union and International Monetary Fund creditors made progress on talks on a 13.5 billion-euro package of austerity measures for the next two years and said negotiations would continue next week.
Finance Minister Yannis Stournaras told reporters...
Economy
Hopes Fade for Quick Deal on Austerity Cuts
Greece's efforts to clinch a deal with its international creditors on a package of cuts by the end of this week are under threat, with the government saying that a "fairly big" gap still separates the country from its...
Economy
Greece to Stay in Recession for 6th Year, 2013 Draft Budget Shows
Greece's brutal recession is set to extend into a sixth year in 2013, when the economy will contract by another 3.8 per cent, according to forecasts in the draft budget submitted to Parliament on Monday.
This year's recession will see...
Economy
Wave of Strikes Over Austerity Start to Hit Greece
Municipal services across Greece will be closed on Sept. 12-13 after workers called a 48-hour strike to protest budget cuts, joining teachers, judges, doctors, military staff and others who walked off the job, with more set to come. The...
Economy
Greek Judges Plan Strike Over Pay Cuts
Greek judges and prosecutors were to meet on Sept. 7-8 to plan a strike action after a deadlock between unionists representing them and Finance Minister Yannis Stournaras, who insisted the government would go ahead with plans for additional cuts...
Economy
Stournaras: Government Has Identified Budget Cuts
The Greek government identified the measures to be included in 11.5 billion euros ($14.5 billion) of budget cuts in the next two years as demanded by its international creditors, Finance Minister Yannis Stournaras said.
“We have settled on the package,”...
Economy
Greek Professionals Fight Proposed Pay Cuts
Continued political infighting is holding up plans to make cuts to "special salaries" to professions in Greece that want to be protected against more punishing pay cuts put on civil servants.
A meeting was held among Finance Minister Yiannis Stournaras,...
Economy
Greece Resumes Debt Talks With Inspectors
Greece's international creditors have called on Athens to provide more details on its 11.5 billion euro austerity plan needed to keep open funding lines to the country, a senior Greek government official said Thursday.
In the first meeting between a...