Greece

Results for Greece

Debt Standoff Hobbles Greek Bailout Talks

Eurozone finance ministers and the International Monetary Fund tried again to resolve a standoff over Greece’s bailout—including how to reduce the country’s mountain of debt—which has held up new aid payments for the country, The Wall Street Journal ...

Daily Headline - global.abi.org - 05/25/2016 - 00:40 - 0 comments

Greek Parliament Approves Austerity Vote to Secure Bailout Cash

Greece’s parliament approved a raft of fresh taxes and austerity measures that the country must legislate to unlock further rescue loans, as the country’s most influential creditors—Germany and the International Monetary Fund—remain deadlocked over debt ...

Daily Headline - global.abi.org - 05/22/2016 - 21:07 - 0 comments

IMF Greek Debt Relief Terms Signal Tough Bailout Talks Ahead

A senior International Monetary Fund official on Thursday cooled European hopes to secure IMF backing for a Greek bailout plan soon and opened the door for emergency financing without new loans from the fund, The Wall Street Journal reported. “For th ...

Daily Headline - global.abi.org - 05/20/2016 - 09:38 - 0 comments

IMF Proposal on Greece Sets Up Battle With Germany

The International Monetary Fund is demanding that Europe free Greece from all payments on its bailout loans until 2040, in the opening bid of a struggle that pits IMF math against German muscle, The Wall Street Journal reported. A new IMF proposal sh ...

Daily Headline - global.abi.org - 05/17/2016 - 22:19 - 0 comments

KKR to Help Manage Two Greek Banks’ Problem Loans

KKR & Co. has signed an agreement with two of Greece’s leading banks to manage up to €1.2 billion ($1.35 billion) of their problem loans, the latest effort by the struggling Greek banking sector to restructure bad debts festering on their balance she ...

Daily Headline - global.abi.org - 05/17/2016 - 22:21 - 0 comments

Greek Bailout Deal Must Have Concrete Debt Relief, State Minister Says

Greece will not accept a bailout deal without a concrete agreement for debt relief from the country’s European creditors, a top aide to Prime Minister Alexis Tsipras said, The Wall Street Journal reported. “We want real solutions, not interim solutio ...

Daily Headline - global.abi.org - 05/15/2016 - 21:05 - 0 comments

International Monetary Fund Faces Pressure From Germany Over Greece

In Europe’s battle with the International Monetary Fund over Greece, Germany has a way to win, The Wall Street Journal reported. Germany, Europe’s dominant economic power, is leaning heavily on the IMF to accept hypothetical assurances that Greece’s ...

Daily Headline - global.abi.org - 05/12/2016 - 20:08 - 0 comments

Real Greek Drama Is About Reforms, Not Debt Relief

Greece is invariably held up as Exhibit One in the case against the European Union. Its six-year debt crisis—now threatening to reignite right before a British referendum on EU membership—is often presented as proof that the EU is an anti-democratic, sov ...

Daily Headline - global.abi.org - 05/11/2016 - 22:33 - 0 comments

Greek Prime Minister Alexis Tsipras Expresses Optimism Over Bailout Talks

Greece’s leader Alexis Tsipras on Tuesday claimed a major breakthrough in its debt-and-austerity talks, even as officials from Greece’s creditors warned that big obstacles remain to a deal that keeps the country afloat this summer, The Wall Street Jour ...

Daily Headline - global.abi.org - 05/10/2016 - 21:04 - 0 comments

Eurozone Asked to Consider More Concessions on Greece’s Debt

A confidential document debated by eurozone finance ministers detailed for the first time what Greece’s creditors could do to ease the country’s debt load and how that burden would develop over the coming decades without new relief measures. The document ...

Daily Headline - global.abi.org - 05/09/2016 - 21:46 - 0 comments

Syndicate content