Greece

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Alexis Tsipras And Kyriakos Mitsotakis Clash Over Greek Pensions

Alexis Tsipras has fended off attacks from Kyriakos Mitsotakis, Greece’s newly elected opposition leader, by insisting that his Syriza government can rescue the country’s underfunded pension system without cutting benefits to retirees, the Financial Ti ...

Daily Headline - global.abi.org - 01/26/2016 - 22:32 - 0 comments

IMF Raises Pressure On Euro Lenders To Give Greece Debt Relief

The International Monetary Fund has reiterated its call for debt relief for Greece, raising pressure on European countries to cede to Greek demands for debt re-profiling, the Irish Times reported. In a statement released in Davos following a meeting ...

Daily Headline - global.abi.org - 01/24/2016 - 22:47 - 0 comments

Next Up for Greece: How to Shrink the Debt

Greece’s creditors are expected to start talking soon over an issue that has been looming over the eurozone since 2010: cutting the country’s mountainous debt burden, The Wall Street Journal reported. Greece already sliced its debts to private lender ...

Daily Headline - global.abi.org - 01/14/2016 - 22:19 - 0 comments

Greece Renews Challenge to Creditors’ Austerity Policies

Greece renewed its challenge to its creditors’ austerity demands on Tuesday, with a key minister in the government calling on Europe to let Greece meet its fiscal targets mainly via economic growth, not belt-tightening. In an interview with The Wall St ...

Daily Headline - global.abi.org - 01/12/2016 - 23:49 - 0 comments

Buffing Up Greece’s Sovereign Debt

Greece has a chequered history when it comes to repaying debt. Defaults span the 19th and 20th centuries, peaking with last year’s shock failure to pay back the International Monetary Fund on time, the Financial Times reported. But don’t imagine that ...

Daily Headline - global.abi.org - 01/05/2016 - 22:38 - 0 comments

Greece Warns Creditors On ‘Unreasonable Demands’ Over Pensions

Greek Prime Minister Alexis Tsipras has said his government “will not succumb to unreasonable demands” as it prepares to send the country’s creditors proposals on crucial reforms to the pension system this week, the Financial Times reported. “The cre ...

Daily Headline - global.abi.org - 01/03/2016 - 21:54 - 0 comments

National Bank of Greece to Sell Turkish Lender to Qatar Bank

National Bank of Greece said yesterday that it had agreed to sell a majority stake in Finansbank of Turkey to Qatar National Bank for 2.75 billion euros, or about $3 billion, the New York Times DealBook blog reported yesterday. The Greek bank began e ...

Daily Headline - abi_admin - 12/23/2015 - 11:42 - 0 comments

14 Airports in Greece to Be Privatized in $1.3 Billion Deal

Greece’s leftist-led government on Monday signed its first major privatization deal, granting a German company the right to lease and manage more than a dozen regional airports, the International New York Times reported. The contract, worth 1.2 billi ...

Daily Headline - global.abi.org - 12/14/2015 - 22:18 - 0 comments

Greece Reaches Deal With Creditors on Next Portion of Financial Aid

Greece and its international creditors reached a deal on Friday on a new set of economic overhauls the government must implement to receive the next slice of €1 billion ($1.1 billion) in financial aid, The Wall Street Journal reported. “We have reach ...

Daily Headline - global.abi.org - 12/13/2015 - 20:08 - 0 comments

Greece Braces for New Year Drama

0.7% next year and that growth will return in the second half of the year. But in practice, there may ...

Daily Headline - global.abi.org - 12/09/2015 - 21:39 - 0 comments

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