The eurozone won’t release additional bailout money for Greece at a meeting in Bratislava this month, sources told Germany’s Handelsblatt Global. According to EU diplomats, Athens has only implemented two of 15 political reforms that […]
Piraeus Bank, Greece’s largest lender, has asked KKR to restructure $670 million of its corporate loans. Greek banks hold approximately $123 billion of bad loans, while the country’s economy has shrunk by over 25% to […]
Greece used funds from its June bailout disbursement to help pay €2.64 billion in debt payments to the European Central Bank and other creditors Wednesday, government officials said. The country received the second installment of […]
The International Monetary Fund is making “irresponsible demands” that are disrupting Greece’s bailout, said George Katrougalos, the Greek alternate foreign minister for EU affairs. The IMF’s positions are the only obstacles standing in the way […]
With a July deadline for Greece to make an €8 billion payment on its bonds, the market price of the country’s debt is falling. Investors are growing worried that the EU, the International Monetary Fund […]
Progress on the second review of Greece’s bailout is “showing signs of being extremely positive,” said Pierre Moscovici, chief of economic affairs at the European Commission. A broad agreement could be reached by year-end, he […]
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