Christine Lagarde on Greek debt restructuring agreement
IMF — Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today at the conclusion of the Eurogroup meeting in […]
ECONOMY
Europe decides Greek crisis is over as Eurogroup agrees debt restructuring measures
Reuters – Eurozone finance ministers reached an agreement on debt restructuring for Greece on Friday to smooth out the return of Athens to market financing […]
The prospects of the Greek economy at the end of the bailout
On Aug. 20, Greece is due to exit from its third bailout program. But the country is still saddled with a towering public debt — […]
Germany makes billions in interest from Greek debt misery
Daily and Sunday Express — Figures revealed yesterday show once again that despite Germany’s fear taxpayers would pick up the bill for the crisis in […]
Greek debt deal will be credible to markets – Centeno
Reuters – Euro zone lenders will put together a debt relief deal for Greece that will be credible to markets and involve a rescheduling of […]
Greek workers strike over austerity, bailout reform
DW — Getting around Greece proved a challenge on Wednesday as a nationwide labour strike gripped the country. Public transportation was disrupted; some flights cancelled and ferries were […]
Bundesbank: High surpluses are a debt forgiveness measure
Naftemporiki — Germany’s Bundesbank directly entered the “Greek debt” fray this week, amid still unresolved differences between European creditors and the IMF over the issue, […]
Greece’s creditors reach technical agreement on a programme of reforms
RTE — Greece’s creditors have agreed to a programme of reforms as the country’s third and final bailout comes to an end, the European Commission has […]
Klaus Regling likens Greece to Germany after WWII (!)
European Stability Mechanism chief Klaus Regling, speaking at Foundation of the International Charlemagne Prize in Aachen, welcomed the “impressive adjustment efforts” from the Greek […]
Israel, Cyprus, and Greece push East Med gas pipeline to Europe
The Times of Israel — The leaders of Cyprus, Israel, and Greece on Tuesday agreed to push ahead with an envisioned pipeline that will supply […]
OECD chief says Greece deserves debt relief after ‘enormous reform effort’
Reuters – Greece has made an “enormous” reform effort since its debt crisis broke out and its international lenders must now grant the country debt […]
Germany made billions from loans to Greece
Germany has earned billions of Euro from the aid given to Athens over the past decade. A new Bild report published this week, claims that […]
Revenues from plastic bag levy to be transferred to Recycling Agency
eKathimerini — Market experts say that revenues from the sale of plastic bags at shops and supermarkets have reached around 2.5 million euros since the […]
Greece’s economic crisis is over only if you don’t live there
The Washington Post — The rest of the world might have moved on because Greece isn’t threatening to knock over the other dominoes that are […]
Juncker in Athens: Greece meeting obligations, commitments; successful end of memorandums in sight
Naftemporiki — Visiting EU Commission President Jean-Claude Juncker sent a clear message on Thursday from Athens that the country will successfully exit the memorandum era […]