Greece

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Greece Won't Last in Euro Zone in Long-Run

Greece will not last in the eurozone in the long run and officials working on a review of its bailout package should prepare for such a possibility, a senior member of the Bavarian sister party of Chancellor Angela Merkel's conservatives said. Greec ...

Daily Headline - global.abi.org - 03/22/2017 - 08:45 - 0 comments

Labor Reforms Threaten to Derail Greek Talks

Finance ministers from the euro currency discussed the impasse in Greece’s talks with creditors on Monday, but no breakthrough emerged on the latest conflict that threatens to derail Greece’s bailout deal: workers’ rights. The International Monetary Fund ...

Daily Headline - global.abi.org - 03/20/2017 - 22:31 - 0 comments

Greek Prime Minister Tsipras Hopes for Deal With Lenders by April

Greek Prime Minister Alexis Tsipras said on Friday there had been significant progress with lenders on a bailout review, and that he hoped for a comprehensive deal by April, the International New York Times reported on a Reuters story. Creditors star ...

Daily Headline - global.abi.org - 03/12/2017 - 20:27 - 0 comments

Greek Economy Suffers Sharp Hit, Shrinking 1.2% in Q4

three times more than its first estimate of 0.4 per cent in the fourth quarter of 2016. It was the worst ... shrunk 0.1 per cent in 2016. Read more. (Subscription required.) (Greece) The Greek ...

Daily Headline - global.abi.org - 03/06/2017 - 21:36 - 0 comments

Anti-Austerity Protest in Athens Near Greek Bailout Talks

About 1,500 people have held a peaceful anti-austerity protest outside an Athens hotel where Greek officials are holding bailout talks with the country's creditors, the International New York Times reported. Wednesday's protest was organize ...

Daily Headline - global.abi.org - 03/01/2017 - 21:32 - 0 comments

Greece Bailout: What is Expected from the Latest Talks?

Teams of officials from the EU and the International Monetary Fund start work in Athens today knowing that euro area finance ministers and the international financial markets are keen for signs of progress on the next tranche of Greece’s €86bn bailout, t ...

Daily Headline - global.abi.org - 02/28/2017 - 23:26 - 0 comments

Greece's Tsipras: The Era of Austerity Is Over

Greece's era of austerity is over, Greek Prime Minister Alexis Tsipras claimed Friday, as he painted a positive picture of the reforms his government has agreed to take after the bailout program ends in 2018. Speaking in parliament, Tsipras describe ...

Daily Headline - global.abi.org - 02/27/2017 - 00:00 - 0 comments

Lagarde Signals Greek Debt Restructuring Can Wait

IMF managing director Christine Lagarde signalled that Greek debt restructuring can wait and the country should focus on overhauling its economy for the duration of its latest bailout, which expires in 2018, the Irish Times reported on a Bloomberg Ne ...

Daily Headline - global.abi.org - 02/23/2017 - 22:35 - 0 comments

Jaded Greeks Resigned to More Austerity

When asked what he thought about the prospect of yet more austerity to be imposed on Greece by its international creditors, Nicos Papapetrou was fairly short, the International New York Times reported on a Reuters story. "I had better stop ... b ...

Daily Headline - global.abi.org - 02/21/2017 - 23:13 - 0 comments

Eurozone Hawks Lay Out Stall Ahead of Greek Eurogroup Meeting

The eurozone’s most hawkish member states have laid out their positions ahead of a discussion on Greece’s bailout progress today, following an escalation in tensions between its creditors in recent weeks, the Financial Times reported. Slovakia’s fina ...

Daily Headline - global.abi.org - 02/20/2017 - 23:17 - 0 comments

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