Greece

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I.M.F. Torn Over Whether to Bail Out Greece Once Again

As the International Monetary Fund approaches the seventh anniversary of the contentious Greek bailout, it is torn over whether to commit new loans to a nearly bankrupt Greece, the International New York Times reported. For more than a year, I.M.F. o ...

Daily Headline - global.abi.org - 04/23/2017 - 19:01 - 0 comments

Greece Hits a Bailout Target. The IMF Is Not Convinced

bailout target was for a primary surplus of 0.5 percent of GDP. In spite of its better-than-expected ...

Daily Headline - global.abi.org - 04/20/2017 - 21:37 - 0 comments

Stop Pretending on Greek Debt

Greece and its creditors say they’ve made progress in their endless negotiations over the country’s debts -- enough to avoid a default on payments worth more than 7 billion euros in July, a Bloomberg View reported. That’s good, but it was the easy part. ...

Daily Headline - global.abi.org - 04/13/2017 - 22:34 - 0 comments

IMF Chief Lagarde Says 'Halfway' There on Greek Bailout Talks

International Monetary Fund chief Christine Lagarde said on Wednesday Greece was heading in the right direction on reforms, but talks on its bailout review and the IMF's potential role in it were "only halfway through". Last week, euro zon ...

Daily Headline - global.abi.org - 04/12/2017 - 21:46 - 0 comments

Debt Relief for Greece, Without Writing Off a Single Euro of Principal

The agreement reached by the eurozone finance ministers in Malta last week on the tax and pension measures to be enacted this year that will take effect in future years comes as a huge relief; without it, Greece won’t receive the next tranche of its €86b ...

Daily Headline - global.abi.org - 04/11/2017 - 22:23 - 0 comments

Greece Strikes Deal On Economic Reforms With Bailout Monitors

Greece has reached a deal on economic reforms with the monitors of its €86bn bailout, paving the way for the country to keep getting money from the programme, the Financial Times reported. The agreement centres on tax and pension reforms that Athens ...

Daily Headline - global.abi.org - 04/09/2017 - 18:01 - 0 comments

The Scale Of Greece’s Economic Problems

As Greece continues talks with creditors over the next stages of its international bailout programme, Donald Tusk, president of the European Council, has warned that it is “no success story” yet. Further discussions will take place at the meeting of EU f ...

Daily Headline - global.abi.org - 04/06/2017 - 19:53 - 0 comments

Greece Says a Deal on Unfreezing the Bailout Is Close

Top Greek and European officials indicated Wednesday that it's possible to reach a breakthrough in the country's difficult bailout talks over the next two days, the International New York Times reported on an Associated Press story. Greece& ...

Daily Headline - global.abi.org - 04/05/2017 - 21:19 - 0 comments

Greek Budget Surplus Will Exceed 3% in 2016

The Greek government is on course to significantly exceed its creditor budget targets, the EU’s economics chief has said, as he warned Athens’ stuttering economic recovery was a risk of derailing from a long-running delay over its bailout. Addressing MEP ...

Daily Headline - global.abi.org - 04/04/2017 - 22:02 - 0 comments

Greece Pursues Pension and Labour Reform Deal to Unlock More Aid

Greek ministers and the country’s bailout monitors were on Tuesday trying to strike a deal on the pension and labour market reforms needed to unlock further financial aid, the Financial Times reported. With the clock ticking down to more than €6bn in ...

Daily Headline - global.abi.org - 04/04/2017 - 22:06 - 0 comments

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