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 […]
Greece
Greek minister calls IMF demands “irresponsible”
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 […]
Yields on two-year Greek bonds are up 9 basis points
Yields on two-year Greek bonds are up 9 basis points and are at their highest level since the middle of last year, as a rare split on IMF board puts the country’s bailout at risk. […]
Bondholders anxious about Greek default
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 […]
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 […]