Greece

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Greece Pushes for Eurozone Summit Meeting to Unblock Debt Talks

Prime Minister Alexis Tsipras of Greece asked on Wednesday for a summit meeting of eurozone leaders that would allow him to make his case for easier terms on sorely needed aid to help his country avoid bankruptcy, the International New York Times rep ...

Daily Headline - global.abi.org - 04/27/2016 - 22:24 - 0 comments

Negotiations Stall Between Greece and International Creditors

Negotiations between Greece and its international creditors ran into trouble on Tuesday over demands for extra austerity measures, denting hopes for a quick end to the monthslong deadlock over the country’s bailout, The Wall Street Journal reported. ...

Daily Headline - global.abi.org - 04/26/2016 - 22:53 - 0 comments

Discussions On Debt Relief For Greece To Start Next Week

Discussions on new debt relief measures for Greece will commence as early as next Thursday, as the eurogroup of finance ministers agreed to endorse a new ‘contingency package’ for Greece, the Irish Times reported. Announcing a breakthrough in the Gre ...

Daily Headline - global.abi.org - 04/24/2016 - 17:22 - 0 comments

Greek Talks With Lenders Fraught As Fears Grow Of Default

The Hilton hotel in Athens makes the perfect backdrop for high-intensity talks. Its ambience is subdued, its corridors hushed, its meeting rooms an oasis of tranquility, The Guardian reported. When Greece, in one of its many stand-offs with the inter ...

Daily Headline - global.abi.org - 04/21/2016 - 21:56 - 0 comments

Budget Data Boost Greek Hopes in Talks With Lenders

surplus (before interest) of about 0.6% to 0.7% of gross domestic product in 2015. Achieving primary ... Monetary Fund. A primary surplus for 2015 would beat a primary deficit of 0.25% of GDP projected in last ...

Daily Headline - global.abi.org - 04/20/2016 - 21:59 - 0 comments

Greece Creditors Push for More Austerity

Greece’s creditors have agreed to press the country for additional austerity measures if it falls short of budget targets, a move that papers over disagreements between the lenders but could test the stability of Greece’s fragile government, The Wall S ...

Daily Headline - global.abi.org - 04/18/2016 - 20:50 - 0 comments

Greece’s Creditors Weigh Extra Austerity Measures to Break Deadlock

Greece’s creditors are considering seeking extra austerity measures that would be triggered if Athens misses its fiscal targets, in a bid to bridge differences between Europe and the International Monetary Fund and break a deadlock threatening to unravel ...

Daily Headline - global.abi.org - 04/17/2016 - 18:11 - 0 comments

Greek Electronics Retailer Becomes Latest Casualty Of Economic Slump

Greek home appliance retailer Electroniki shut down its 45 outlets nationwide on Thursday after a court ruled it was bankrupt, becoming the latest casualty of the country's economic slump, Reuters reported. Greek retailers have been hit hard after s ...

Daily Headline - global.abi.org - 04/14/2016 - 21:59 - 0 comments

Negotiations Over Greek Bailout Review Pause for IMF Meetings

Greece and its creditors paused negotiations early Tuesday without reaching an agreement over the country’s bailout review and will continue next week after the International Monetary Fund’s annual spring meetings, according to the Greek Finance Minister ...

Daily Headline - global.abi.org - 04/11/2016 - 22:37 - 0 comments

Germany Confident Greek Bailout Review Will Be Concluded

Germany believes it is realistic to expect the review of the bailout program between international creditors and Greece to be concluded by the end of April or early May, Germany’s finance ministry said Monday, reiterating that a Greek debt write-down cur ...

Daily Headline - global.abi.org - 04/04/2016 - 22:50 - 0 comments

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