debt

Stournaras: “The bailout review must conclude by the end of 2016”

The central banker warned that “despite the positive projections […] serious risks remain”
The Governor of the Bank of Greece Yannis Stournaras underlined that Greece can...

Tsipras-Moscovici: “Time for ‘courageous decisions’ for all sides”

European Commissioner argues that “Greece absolutely has the ability to recover and deserves our trust”
The Prime Minister Alexis Tsipras and the European Commissioner for Economic and...

PM Tsipras begins European marathon talks for Greek debt

Greece wants a quick completion of second review - Possible meetings with Merkel and Hollande in Brussels
The Prime Minister Alexis Tsipras is scheduled to visit Brussels on Wednesday, where...

Christodoulakis: “IMF offers haircuts in exchange for new bailouts”

The former Finance Minister under Simitis is rumored to be joining the national debt negotiation team
The presence of Nikos Christodoulakis by the side of Economy Minister Giorgos...

Dijsselbloem ‘greenlights’ the disbursement of the €7.5bn tranche

"A lot has changed in our relations with Greece since last year, the atmosphere is completely different" he noted
The Chairman of the Eurogroup and Ecofin Jeroen Dijsselbloem announced that the disbursement of a 7.5 billion euro tranche...

Varoufakis: “Contingency mechanism will not make debt sustainable”

The former Finance Minister expressed serious doubts over the coalition government plans on the debt
The former Minister of Finance Yanis Varoufakis has directly disputed the efficiency of the contingency mechanism, arguing that...

ESM: “€7.5bn paid out to Greece by end of June if preconditions are met”

The recent Eurogroup decisions in relation to the Greek program and debt were detailed in an ESM FAQ Tuesday, May 31, 2016
The European Stability Mechanism (ESM) has further elaborated on the decisions regarding the Greek that were reached at the...

Eurogroup concludes with agreement on €10.3bn in installments

Tsakalotos comments that the agreement “is the beginning of Greece's exit from recession”
After an 11-hour meeting in Brussels, the Eurogroup finally concluded and came to a decision regarding the bailout review...

IMF claims Greek debt will soar to 293.6% GDP by 2060 without relief

Huge proportion of non-performing loans suggests a new bank recapitalization may be necessary
The International Monetary Fund has proposed that the European Union extends Greece’s loan payments at least until 2040...

Stournaras and Varoufakis lock horns over bailout negotiations

The two former Ministers of Finance exchanged harsh words over the third Greek bailout agreement
The governor of the Bank of Greece Yannis Stournaras lashed out against the former Minister of Finance Yanis Varoufakis and...
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