Greece

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Greece's Privatization Target Cut for 2014

Greece's international creditors have agreed to cut its privatization target for the current year, the head of the country's asset-sale agency said Thursday, The Wall Street Journal reported. The asset sales target has been lowered to €1.5 ...

Daily Headline - global.abi.org - 04/03/2014 - 22:58 - 0 comments

Too Early To Tell If Greece Needs New Bailout, Says Dijsselbloem

Euro group president Jeroen Dijsselbloem said yesterday it was too early to say if Greece would need a further bailout when its EU programme finishes at the end of this year. He said he would return to the issue in September, the Irish Times reported ...

Daily Headline - global.abi.org - 04/01/2014 - 23:36 - 0 comments

Greece Reforms Clear Way For €8.3 Billion Aid

Greece’s parliament has approved a structural reform package agreed with international lenders, opening the way for disbursement next month of a €8.3bn aid tranche from its €172bn second bailout by the EU and the International Monetary Fund, the Financ ...

Daily Headline - global.abi.org - 03/30/2014 - 21:33 - 0 comments

Greece Reaches Deal With Lenders To Unlock €10 Billion Aid Tranche

Greece has reached a deal with international lenders on a range of structural reforms that will allow it to unlock a much-needed €10bn tranche of bailout aid, the Financial Times reported. The agreement was reached after an all-night bargaining sessi ...

Daily Headline - global.abi.org - 03/18/2014 - 21:30 - 0 comments

Greek Banking System Needs Additional Capital

Greece's four big, systemic banks will need another €5.8 billion ($8.0 billion) to shore up their fragile balance sheets, the country's central bank said Thursday, in order to cope with a ... will need another €5.8 billion ($8.0 billion) to shore up their fragile balance sheets, the ...

Daily Headline - global.abi.org - 03/06/2014 - 22:44 - 0 comments

Greece In Banking Sector Stand-Off With Bailout Lenders

The Greek government and its bailout lenders are locked in a new stand-off over the health of Greece’s banking sector, with Athens contending its financial system requires less than €6bn of new capital, while international monitors insist it needs at lea ...

Daily Headline - global.abi.org - 02/24/2014 - 21:41 - 0 comments

Greece to Resume Talks With Bailout Inspectors on Monday

Greece was set to resume protracted talks with a troika of international inspectors Monday, as the government aims for a deal that would unlock a fresh tranche of aid—but without painful new cutbacks ahead of local elections this spring, The Wall Stree ...

Daily Headline - global.abi.org - 02/23/2014 - 23:19 - 0 comments

So Many Bribes, a Greek Official Can’t Recall Them All

When Antonis Kantas, a deputy in the Defense Ministry here, spoke up against the purchase of expensive German-made tanks in 2001, a representative of the tank’s manufacturer stopped by his office to leave a satchel on his sofa. It contained 600,000 euros ...

Daily Headline - global.abi.org - 02/14/2014 - 00:17 - 0 comments

Greece Meets Bailout Terms

Greece has met the conditions demanded of it by its international creditors and should get its promised bailout funds, central bank Governor George Provopoulos said Friday, The Wall Street Journal reported. In a speech at a London think-tank, Mr. Pro ...

Daily Headline - global.abi.org - 02/09/2014 - 22:37 - 0 comments

Hellenic Vehicles Industry Goes Into Receivership

Greek state-owned armoured vehicle maker Hellenic Vehicles Industry S.A. (ELVO) has gone into receivership, after years of losses, following a ruling by the Thessaloniki Court of Appeals on 30 January, IHS Jane’s 360 reported. The decision follows a peti ...

Daily Headline - global.abi.org - 02/04/2014 - 23:58 - 0 comments

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