Greece

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As Greece Ends a Decade of Bailouts, Problems Linger for Europe

As Greece prepares to emerge from one of the region’s most wrenching economic periods, its creditors are drawing up plans to ensure it is never a problem for the rest of Europe again, the International New York Times reported. European Union official ...

Daily Headline - global.abi.org - 06/20/2018 - 23:38 - 0 comments

Why Three Rescues Didn't Solve Greece’s Debt Problem

On Aug. 20, Greece is due to graduate from its third international rescue program. The country is still saddled with a towering public debt — nearly 180 percent of national income — and Europe’s other governments are divided over how much more relief to ...

Daily Headline - global.abi.org - 06/18/2018 - 21:49 - 0 comments

EU Commission Says Greece Needs Help Easing Debt Load

Greece will need a "credible package" of measures to help deal with its oversize debt as it leaves its eight-year international bailout program in August, the European Commission's vice president said Friday. Helping Greece manage its debt ...

Daily Headline - global.abi.org - 06/17/2018 - 21:13 - 0 comments

Greece Approves Last Big Austerity Package of Yearslong Bailout

Greece’s parliament approved the last big austerity package of its eight-year bailout program Thursday, preparing the country for its full return to financing itself on bond markets beginning this summer, The Wall Street Journal reported. Greek lawma ...

Daily Headline - global.abi.org - 06/15/2018 - 00:27 - 0 comments

Greek Supreme Court Rejects Statistics Chief’s Appeal

Greece’s supreme court has rejected an appeal by the country’s former statistics chief to quash his conviction in 2017 on charges of violation of duty, the Financial Times reported. According to people with knowledge of the decision, which has not ye ...

Daily Headline - global.abi.org - 06/10/2018 - 22:10 - 0 comments

Delayed Greek Asset Sales Pick Up Steam as Bailout Approaches End

Sitting in a cramped office a few streets away from the headquarters of Greece’s Public Power Corporation, trade unionist Giorgos Adamides admitted that the privatisation of the sprawling state-owned electricity utility could no longer be postponed, the ...

Daily Headline - global.abi.org - 06/05/2018 - 22:46 - 0 comments

The Greek Master Plan for Growth Revolves Around Banks

The Greek government’s master plan to restore growth, after it emerges from eight years under harsh bailout conditions this August, revolves around a key factor that could jump start its economy: its banks. Prime Minister Alexis Tsipras presented to his ...

Daily Headline - global.abi.org - 05/21/2018 - 23:13 - 0 comments

Greece Moves Closer to Bailout Exit After Deal With Creditors

Greece and its creditors have agreed on the next steps for completing the country’s final bailout review, a key milestone for exiting the program and striking a deal on debt relief, the Irish Times reported. Government officials and representatives f ...

Daily Headline - global.abi.org - 05/21/2018 - 00:10 - 0 comments

Greece Races to Meet Bailout Demands as Inspectors Return

Bailout inspectors have returned to Athens as Greece races to comply with the final terms of its rescue program, which ends in August. Negotiations resumed Monday, with Greece still facing dozens of measures to address in the next ten days to remain on t ...

Daily Headline - global.abi.org - 05/14/2018 - 23:13 - 0 comments

Greek Banks Face €15.5 Billion Hit to Capital Under Stress Tests

Greece’s four biggest banks would take a €15.5bn hit to their average capital in a future economic downturn, according to the results of the European Central Bank’s stress test of the country’s main lenders. The ECB’s health check of the Greek banking sy ...

Daily Headline - global.abi.org - 05/07/2018 - 00:26 - 0 comments

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