Greece

Tax evasion lies at the heart of the Greek financial collapse, which has resulted in international bailout loans exceeding 205 billion euros, or $266 billion, the size of Greece’s depressed economy. In fact, Greece’s international creditors have made rev ...

Daily Headline - global.abi.org - 05/12/2013 - 21:42 - 0 comments

Greece's crisis-ravaged economy is beginning to turn the corner in its sixth year of recession, while the country's efforts to mend its public finances could allow it to return to financial markets as early as next year, the country's fina ...

Daily Headline - global.abi.org - 05/05/2013 - 21:20 - 0 comments

Greece's government on Wednesday accepted a €652 million ($858.6 million) bid for state gambling company OPAP, marking the first significant asset sale in the country's long-delayed privatization program, The Wall Street Journal reported. C ...

Daily Headline - global.abi.org - 05/01/2013 - 21:38 - 0 comments

Greek lawmakers on Sunday approved a reform law to unlock about 8.8 billion euros ($8.9 billion) of rescue loans from the European Union and the International Monetary Fund, Reuters reported. The law, which was a condition for further aid installments, p ...

Daily Headline - global.abi.org - 04/28/2013 - 21:04 - 0 comments

Greece's Eurobank said Monday it will turn exclusively to government aid to boost its capital, making it the first domestic bank to fall under state control, Dow Jones reported. The lender eschewed plans to raise money from investors that would have ...

Daily Headline - global.abi.org - 04/22/2013 - 21:10 - 0 comments

Greece has identified some 15,000 public-sector workers to be let go over two years as part of a tentative agreement sealed Monday with its international lenders to unlock the next payments from its €173 billion ($226 billion) bailout, The Wall Street ...

Daily Headline - global.abi.org - 04/15/2013 - 21:53 - 0 comments

National Bank's plan to absorb Eurobank to form Greece's biggest banking group will be suspended until both are recapitalised, and a state bank support fund will decide if the they should merge, a Finance Ministry official said on Sunday, Reute ...

Daily Headline - global.abi.org - 04/07/2013 - 21:10 - 0 comments

Greece will extend a deadline for the recapitalisation of its banks by a few weeks, possibly until the end of May, Greek central bank chief George Provopoulos said on Monday. Greek banks, which are being recapitalised with funds from the country's l ...

Daily Headline - global.abi.org - 04/01/2013 - 21:18 - 0 comments

A dispute over the sacking of civil servants has stalled talks between Greece and the “troika” of international lenders, delaying disbursement of €2.8bn in bailout aid due this month amid fears the country’s bailout programme is already veering off track ...

Daily Headline - global.abi.org - 03/14/2013 - 19:57 - 0 comments

Talks between Greece and a delegation of international inspectors are set to enter a second week after bogging down in a spat over public-sector layoffs, setting back government hopes for a speedy review of its reform program, The Wall Street Journal ...

Daily Headline - global.abi.org - 03/10/2013 - 21:26 - 0 comments