Greece, EU closer to ending deadlock on bailout
Greece: EU and Greek negotiators said they are “close to common ground” on how to end a standoff over the next phase of the Greek bailout and release funds the country needs to make bond […]
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IMF: Greece’s debt remains unsustainable
Over the long term, Greece’s huge debt is “unsustainable” even though the country is making some progress in tackling the problem and its economy is starting to grow again, the International Monetary Fund said. Greece […]
Greece’s Tsipras appeals for resumption of debt relief
Greek Prime Minister Alexis Tsipras approached several EU leaders at a summit in Brussels arguing that the suspension of the country’s debt-relief scheme should be lifted. The EU froze action on the relief measures this […]
Eurogroup suspends debt relief for Greece
Eurogroup finance ministers have frozen short-term debt relief for Greece that they had approved Dec. 5 after Greek Prime Minister Alexis Tsipras proposed a one-time payout to low-income pensioners. The payout would violate Greece’s agreement […]
Greece opposes extension of austerity beyond 2018
While accepting short-term debt relief from the eurozone Tuesday, Greece asked Germany and the International Monetary Fund not to make its bailout negotiations contingent on austerity measures beyond 2018. “They must stop insisting on continuing […]
Eurogroup backs short-term debt relief for Greece
Moving to reward Greece for its financial reforms, eurozone finance ministers agreed to support short-term debt relief for the country that includes an adjustment to the interest rate and an extension of the repayment period. […]
Greece is warning Germany and other creditors to agree on a debt restructuring
Greece is warning Germany and other creditors to agree on a debt restructuring in the coming weeks, or miss the best chance to bring its seven-year crisis to an end. “If we kick the can […]
Greece transfers assets to privatization fund
The Greek Parliament has approved moving several government departments into a privatization fund set up to hold public assets until they can be sold. The package of bills passed in a 152-141 vote after Prime […]
EU-IMF debt dispute damaging Greece
Constant disagreements between the EU and the International Monetary Fund over Greece’s debt are blocking the country’s economic recovery, Greek Prime Minister Alexis Tsipras said. The EU and the IMF are at odds over how […]
Greece has assured Brussels it will fulfill all of 15 actions from its first bailout review
Although it’s only implemented two out of the 15 actions from its first bailout review, Greece has assured Brussels it will fulfill all of them by the end of September to pave the way for […]