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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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Disbursement of 2.8 billion euro loan tranche to Greece approved

By   /  25/10/2016  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Disbursement of 2.8 billion euro loan tranche to Greece approved

Following a positive recommendation by the Euro Working Group (EWG), the European Stability Mechanism’s (ESM) board of directors approved on Tuesday the disbursement of 2.8 billion euros in bailout loan funds to Athens. Following the announcement, ESM chief Klaus Regling urged Greece to keep implementing the reforms that make up the country’s bailout program in […]

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