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Lagarde defends IMF position on Greece; economy shows signs of recovery

By   /  14/02/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Lagarde defends IMF position on Greece; economy shows signs of recovery

  After taking heavy criticism from Greek officials and the country’s Prime Minister last week, the International Monetary Fund insisted on Monday that it will not change its views on the Greek program. Speaking to Reuters, IMF Managing Director, Christine Lagarde, said: “We have been asked to help, but can only help at terms and […]

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Athens closer to agreement with creditors; IMF heavily criticized

By   /  12/02/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Athens closer to agreement with creditors; IMF heavily criticized

  The Greek government escalated its criticism of the International Monetary Fund (IMF) over the weekend, accusing it of complicating the second review of the country’s bailout program by tabling unrealistic demands. Athens and creditors have moved significantly closer to a deal to conclude the review of the country’s program. The quartet of Greece’s creditors […]

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Athens weighs limited number of options as pressure by creditors grows

By   /  31/01/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Athens weighs limited number of options as pressure by creditors grows

  The Greek government appears to have a limited number of options available following the 26 January Eurogroup meeting and the set of terms reportedly put forth by the International Monetary Fund (IMF) as conditions for its participation in the Greek program. Athens appears to be far off fulfilling its bailout program obligations. Bloomberg reported […]

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Athens says “no” to legislation of fresh austerity measures

By   /  17/01/2017  /  Uncategorized  /  Comments Off on Athens says “no” to legislation of fresh austerity measures

The Greek government will never accept the legislation of new measures, spokesman Dimitris Tzanakopoulos said during a press briefing on Tuesday. The statement follows reports suggesting Athens is preparing to make concessions to creditors in order to wrap up the review of its bailout program. Officials, however, are adamant that the Tsipras administration is not […]

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Political uncertainty returns to Greece as bailout review drags on

By   /  20/12/2016  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Political uncertainty returns to Greece as bailout review drags on

Eurozone deputy Finance Ministers will discuss during a Euro Working Group (EWG) meeting on Tuesday (at 16:00) whether or not social benefits recently decided by the Greek government are compatible with the country’s bailout program. The EWG will examine the 617 million euro one off benefits for 1.6 million Greek pensioners unilaterally announced by Prime […]

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Greece, creditors closer to review completion; labor issues still open

By   /  21/11/2016  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Greece, creditors closer to review completion; labor issues still open

The envoys representing Greece’s international creditors in Athens delivered to the country’s government on Sunday evening a draft agreement following talks with Greek Labor Minister Efi Achtsioglou on labor reforms. A meeting between Achtsioglou and foreign envoys lasted several hours on Sunday, after which sources close to the talks suggested many issues remained unsettled and […]

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Debt relief key to Greek economic turnaround

By   /  18/11/2016  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Debt relief key to Greek economic turnaround

Addressing Greek parliament on Thursday morning, Prime Minister Alexis Tsipras reiterated the importance of Greece being granted debt relief in order for the economy to exit a seven-year long crisis. “We achieved a lot but we have a long way ahead of us but now the exit is visible” Tsipras said in reference to the […]

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Government, creditors make significant progress in 2nd review talks

By   /  24/10/2016  /  Finance, GR Finance, GR Politics, GR Social, Greece, Headlines, Politics, Social  /  Comments Off on Government, creditors make significant progress in 2nd review talks

Greek government ministers continued negotiations with the country’s creditors over the weekend, during which significant progress was made. According to a high-ranking Greek finance ministry official, an agreement in principle was reached over a draft plan for the creation of a legislative framework for out-of-court settlement of debt accumulated by businesses and the self-employed. Finance […]

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Tsipras: Greece deserves to be included in ECB’s quantitative easing program

By   /  23/10/2016  /  Uncategorized  /  Comments Off on Tsipras: Greece deserves to be included in ECB’s quantitative easing program

Greece deserves to be included in the European Central Bank’s (ECB) quantitative easing program as soon as possible, which is why the country’s debt must be discussed, Prime Minister Alexis Tsipras said on Sunday, during his speech at a meeting of SYRIZA’s central committee. The committee is convening to discuss the election of a secretary […]

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Financial gap and debt ease the main targets of the new Greek bailout program

By   /  22/08/2013  /  Finance, GR Finance, Greece, Headlines  /  Comments Off on Financial gap and debt ease the main targets of the new Greek bailout program

  By Christos T. Panagopoulos With Jörg Asmussen’s special visit in Athens, Berlin outlined on Wednesday the new bailout program, which will be imposed on Greece, in an attempt to cover the financial gap and to ease the debt, allowing creditors to continue for the next years in supervising the country’s economy, using further support […]

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