Greece

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Greece's Varoufakis Promises to End Debt Bondage With New Party

Yanis Varoufakis, Greece's former finance minister who transfixed Europe with his unconventional style at the climax of the debt crisis, launched a new party on Monday promising to free his country from debt bondage, the International New York Tim ...

Daily Headline - global.abi.org - 03/26/2018 - 21:17 - 0 comments

Greece Is Quietly Backsliding on Reform

somewhat, but at an average 0.65 percent growth in 2017, it remains weak by any measure. And with further ...

Daily Headline - global.abi.org - 03/14/2018 - 21:17 - 0 comments

Greece Won't Renege on Privatisations After Bailout Ends

Greece won't backtrack on its privatisation plan after its bailout ends and expects state companies to submit plans by April to make themselves more competitive, the head of its state assets fund said. Greece, whose bailout ends in August, has agree ...

Daily Headline - global.abi.org - 02/15/2018 - 21:43 - 0 comments

Greece’s New Bond Issue Trading Underwater Amid Wider Market Turmoil

Investors who bought Greece’s latest bond last week are already nursing paper losses, the Financial Times reported. The seven-year bond priced at a yield of 3.5 per cent on Thursday, but the €3bn paper is now trading at 4.19 per cent. Yields rise whe ...

Daily Headline - global.abi.org - 02/14/2018 - 22:43 - 0 comments

Greek Unemployment Steady at 20.9 Percent in November, More Than Twice Euro Zone's

Greece’s jobless rate was steady at 20.9 percent in November, unchanged from an upwardly revised figure in October, the country’s statistics service ELSTAT said on Thursday. Greece’s jobless rate was steady at 20.9 percent in November, unchanged from an ...

Daily Headline - global.abi.org - 02/08/2018 - 23:11 - 0 comments

Greece Takes Step to Normalcy With Bond as Bailout Nears End

Greece will sell 3 billion euros ($3.7 billion) of seven-year bonds in another step toward exiting a bailout program in August that has kept the nation afloat, Bloomberg News reported. The offer for the 2025 notes will price to yield 3.5 percent, inside ...

Daily Headline - global.abi.org - 02/08/2018 - 23:15 - 0 comments

Greek Insurer Sale in Doubt After Row Between Buyers

A deal to sell National Bank of Greece's insurance unit to U.S. and Dutch investors looked fragile after a legal row erupted between the two buyers on Wednesday, the International New York Times reported on a Reuters story. U.S. investor Calamos ...

Daily Headline - global.abi.org - 02/07/2018 - 22:50 - 0 comments

EU Creditors to Start Talks on Structuring Debt Relief for Greece

EU creditors are to start sensitive talks on how to structure possible debt relief for Greece as Athens eyes an exit from eight years of international bailouts this summer, the Financial Times reported. Eurozone finance ministers praised the Greek go ...

Daily Headline - global.abi.org - 01/22/2018 - 23:10 - 0 comments

Greece Set to Win Plaudits but Not Next Tranche of Bailout Cash

Eurozone finance ministers were set to hail Greece’s recent steps to improve its public finances on Monday — but also to hold off on giving Athens a full bill of health it seeks as it prepares to return to financial markets, the Financial Times repor ...

Daily Headline - global.abi.org - 01/21/2018 - 19:52 - 0 comments

Greece Closing In on End of Bailout Years

A senior EU official says Greece is close to passing its next bailout review, putting the country within reach of ending its eight-year rescue program that saved it from bankruptcy but required hugely painful austerity cuts, the International New York ...

Daily Headline - global.abi.org - 01/19/2018 - 00:21 - 0 comments

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