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 […]
Greek Prime Minister Alexis Tsipras has tasked his ministers with completing labor reforms and fiscal changes required under the country’s second bailout from the EU and the International Monetary Fund before Dec. 5 debt-relief talks. […]
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 […]
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 […]
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 […]
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 […]
© Copyright 2016-2019 Tristan Van Iersel - All Rights Reserved.