Greece

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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 - 21:35 - 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 - 22:13 - 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 - 22:17 - 0 comments

Wanted: a CEO Willing to Hold Greek Banking's 'Poisoned Chalice'

Wanted: a chief executive to run Greece's bank-rescue fund. Job description: work hard and pray for a miracle. Greece has failed to find a boss for its Hellenic Financial Stability Fund since July, when its three-member executive team resigned, the ...

Daily Headline - global.abi.org - 02/20/2017 - 22:18 - 0 comments

Greece's Plea: No More Austerity Under the Bailout Deal

Greece's economy has met its budget targets and there is therefore no reason for further austerity measures to be imposed as part of a deal with bailout creditors, the government spokesman said Thursday. Greece has been struggling for months to conc ...

Daily Headline - global.abi.org - 02/16/2017 - 21:32 - 0 comments

Eurozone Set to Miss Deadline for Greek Bailout Deal

In a related story, the reported that eurozone finance ministers will miss next week’s deadline for an agreement with the International Monetary Fund to release €7bn in aid to Greece, forcing the bailout fight into the Dutch and French election season w ...

Daily Headline - global.abi.org - 02/16/2017 - 21:32 - 0 comments

More Work Needed to Conclude Greek Bailout Review Talks

Greece's talks with its official lenders on concluding a crucial bailout review have made progress, but more steps are needed to wrap it up, European Commissioner for Economic and Financial Affairs Pierre Moscovici said on Wednesday. Moscovici visit ...

Daily Headline - global.abi.org - 02/15/2017 - 21:21 - 0 comments

Eurogroup's Dijsselbloem Rules Out Greek Bailout Deal by Feb. 20

Greece and its international lenders are not expected to reach agreement on the country's bailout progress before a meeting of euro zone finance ministers next Monday, Eurogroup President Jeroen Dijsselbloem said on Tuesday. Talks between Athens, it ...

Daily Headline - global.abi.org - 02/14/2017 - 20:19 - 0 comments

Greek Short-Term Yields Rise (Again) After Central Bank Warns of ‘Critical’ Bailout Talks

After a few days of relative calm for Greece’ two-year bond, the country’s short-term debt has sold off sharply again in the last few hours as Athens’ central bank chief has made series of stark warnings about the economic consequences of the country’s l ...

Daily Headline - global.abi.org - 02/13/2017 - 21:28 - 0 comments

Greek Bonds Sell Off Sharply as EU-IMF Rift Deepens

Greek debt sold off sharply on Thursday amid fears the country’s bailout lenders will not be able to bridge their differences in time to lend Athens the €7bn it needs to avoid bankruptcy, the Financial Times reported. The International Monetary Fund ...

Daily Headline - global.abi.org - 02/09/2017 - 22:33 - 0 comments

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