Search Results for: Greek debt
Greek government takes aim at creditors over stalled bailout talks
May 6th, 2015
Senior official lays blame on disagreements between EU and IMF as economic growth rate forecasts are slashed Greece’s government has blasted its creditors for holding back progress on bailout talks, laying the blame squarely on differences between the European Union and ...
Greek Nerves Turning Asian Money Off Europe, ADB Economist Says
May 4th, 2015
Asian companies are thinking twice about their dealings with European partners as jitters persist over whether Greece will splinter the euro area, the Asian Development Bank’s chief economist said. “The private sector is trying to adjust their strategy,” Shang-Jin Wei said ...
Greek PM A. Tsipras met with voters in jumbo interview (Video)
April 28th, 2015
Greek Prime Minister A. Tsipras’ interview ran from 11.30 p.m. through to 2.36 a.m. and involved him directly answering voters’ questions Greek Prime Minister Alexis Tsipras appeared confident that an “interim agreement” would be agreed upon with Greece’s partners ...
Greeks Add Pressure on Tsipras to Compromise as Talks Resume
April 27th, 2015
Greece resumed efforts to break a deadlock with its creditors as weekend polls showed a majority of the country’s people want the government to make compromises needed to release funds for its economy. Two opinion polls published over the ...
Signs the market is girding for a Greek default
April 21st, 2015
If the financial market is a good predictor, you’d better brace for a Greek default. Borrowing costs on Greece’s government bonds have rallied back to levels not seen since 2012, the cost of insuring against a default has surged ...
Greece’s €459m debt payment to IMF due on Thursday
April 9th, 2015
Eurozone country is close to running out of cash and the ECB, the EU and the IMF have frozen further aid until they reach an agreement with its left-wing government Greece is due to make a €459m (£332m) loan repayment ...
The Greek crisis and the clash of philosophies within the EU
April 7th, 2015
Listening to German Finance Minister Wolfgang Schäuble and his Greek counterpart Yanis Varoufakis speaking about the recent Eurogroup agreement on Greece, one could be forgiven for thinking they were talking about two completely different texts. There are obviously deep ...
Greek government proposes measures worth 3.7 bln
March 31st, 2015
Revenues boost from monitoring deposits abroad and from sell-offs such as Piraeus port, regional airports The government’s list of reforms submitted to the country’s creditors provides for revenues of 3.7 billion euros this year, according to sources. The measures ...
Greek PM puts opposition on spot, reveals little on reform list, creditor talks
March 31st, 2015
As representatives of the Greek government and the country’s international creditors continued tough talks on a proposed list of Greek reforms in Brussels, Prime Minister Alexis Tsipras addressed Parliament in a speech that attacked the political opposition and failed ...
Greece says not backing down on debt relief goal
March 30th, 2015
Greece has not given up on its aim to renegotiate its debt to render it manageable, the country’s deputy finance minister said on Monday as talks between Athens and its lenders on reforms to unlock aid continue. “The government has ...
