Results for Greece
- Greek Exit From Eurozone Remains A Possibility
It's been a good year for the eurozone crisis in the sense that flare-ups have been few and minor. But here comes thinktank Capital Economics with the gloomy diagnosis that Greece's public debt (currently at 170% of GDP) is still unsustainably ...
Daily Headline - global.abi.org - 12/10/2013 - 23:32 - 0 comments
- Greece Shows New Assertive Attitude To Troika Demands
For a year and a half, Antonis Samaras has kept Greece’s bailout programme broadly on track despite his coalition government’s shrunken parliamentary majority and resistance within his cabinet to implementing tough structural reforms, the Financial Tim ...
Daily Headline - global.abi.org - 12/08/2013 - 23:09 - 0 comments
- Greek Budget Forecasts Growth, but Skeptics Abound
Greece on Thursday outlined a 2014 budget that predicts a return to economic growth after six straight years of recession, putting the country’s prospects in an optimistic light, the International New York Times reported. But it came just two days af ...
Daily Headline - global.abi.org - 11/21/2013 - 20:03 - 0 comments
- Greek Public Services Shut for Strike
Public services ground to a halt across Greece on Wednesday as the country's two largest labor unions called a nationwide general strike to protest the government's ongoing austerity program and as international inspectors arrived in Athens to ...
Daily Headline - global.abi.org - 11/06/2013 - 20:44 - 0 comments
- Greek Officials, Budget Inspectors Discuss Aid Conditions
International budget inspectors began meetings with Greek officials Tuesday in a second round of talks aimed at bridging a contentious divide over what more Athens needs to do to secure its next tranche of aid, The Wall Street Journal reported. The r ...
Daily Headline - global.abi.org - 11/05/2013 - 20:51 - 0 comments
- Troika Challenges Greece Over €2 Billion Fiscal Gap In Budget
Greece faces tough negotiations with international lenders over a looming fiscal gap in the 2014 budget that could undermine its chances of emerging from a six-year recession, the Financial Times reported. The “troika” – the European Commission, Euro ...
Daily Headline - global.abi.org - 10/17/2013 - 19:19 - 0 comments
- Greece Bailout to Fall Short, ECB Official Says
Greece will need to pass fresh budget cuts next year to hit the targets set by its international creditors, a senior European Central Bank official said Monday, setting the stage for another clash with Athens over how much austerity the country can bear, ...
Daily Headline - global.abi.org - 10/14/2013 - 21:25 - 0 comments
- Past Rifts Over Greece Cloud Talks on Rescue
The International Monetary Fund proceeded with its record 2010 bailout of Greece despite deep internal divisions over whether it would work, according to confidential documents that contradict the fund's public statements, The Wall Street Journal ...
Daily Headline - global.abi.org - 10/08/2013 - 20:55 - 0 comments
- EU Official Questions Need for Debt Forgiveness in Greece
The head of the euro zone's bailout fund has cast doubt on official assessments of how much Greece's debt is really weighing on its economy, in the latest signal that the currency bloc is stepping away from commitments to reduce the country ...
Daily Headline - global.abi.org - 09/26/2013 - 20:33 - 0 comments
- Greece Plans Foreclosures to Meet Bailout Demands
While Greece's lenders are on firmer footing after getting capital from euro-area and International Monetary Fund bailout funds, they still need to reduce the non-performing loans that have tripled to 29 percent of the total in three years and threa ...
Daily Headline - global.abi.org - 09/23/2013 - 17:55 - 0 comments