Greece

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Eurozone And IMF Splits Remain Over Greece Rescue

The eurozone and the International Monetary Fund are at loggerheads in their attempts to reach a deal that would allow the IMF to join the EU’s €86bn bailout of Greece, the Financial Times reported. Talks between euro area ministers and the IMF on Mo ...

Daily Headline - global.abi.org - 12/05/2016 - 22:21 - 0 comments

Greek Minister Tsakalotos Says Debt Deal Delay Hurts Greece

Greece’s finance minister Euclid Tsakalotos believes Greece has a good chance of escaping its seemingly endless debt crisis by 2018 – provided it gets a helping hand in coming months from Germany over debt relief, the International Monetary Fund over aus ...

Daily Headline - global.abi.org - 11/20/2016 - 19:22 - 0 comments

Greek Finance Minister Urges Quick Deal on Debt Relief

Greece’s finance minister warned Germany and other creditors to agree on a debt restructuring in coming weeks, or miss the best chance to bring his struggling country’s seven-year crisis to an end. Finance Minister Euclid Tsakalotos’s comments, in an int ...

Daily Headline - global.abi.org - 11/17/2016 - 21:39 - 0 comments

Greek PM Looks To Completion Of Bailout Review Within Weeks

Greece's prime minister told his new cabinet on Sunday that Athens "can and will" conclude its second bailout review in time for long-awaited debt relief talks to begin in December, Reuters reported. Alexis Tsipras reshuffled his governmen ...

Daily Headline - global.abi.org - 11/06/2016 - 21:36 - 0 comments

Protests Over Greek Home Repossessions Prompt Safety Fears

A wave of protests against home repossessions has swept Greece in recent weeks, prompting fears for the safety of workers carrying out the forced transfers and threatening plans to clean up the country’s banking system, The Wall Street Journal report ...

Daily Headline - global.abi.org - 10/20/2016 - 20:01 - 0 comments

Greece's Lenders To Launch New Review As Athens Digs In On Debt Relief

Greece and its creditors start a fresh round of talks this week on reforming its labour market, a tricky task for a leftist government sliding in opinion polls but needed if the recession-hit state can ever win debt relief, Reuters reported. Prime Minist ...

Daily Headline - global.abi.org - 10/16/2016 - 21:17 - 0 comments

Greece: Hellenic Home Truths

The consensus from countless currency trades is that the harder the Brexit, the poorer the British and the weaker their currency. At least this is easier than having to drive down wages. Greece, another country revealed blow by punishing blow to be poore ...

Daily Headline - global.abi.org - 10/12/2016 - 20:06 - 0 comments

The IMF Should Stay In The Greek Rescue Squad

Good news coming out of the dismal mess of the Greek economy and its international bailout has been a rare commodity over the past six years, the Financial Times reported in a commentary. So it is tempting to celebrate the decision of the eurogroup o ...

Daily Headline - global.abi.org - 10/11/2016 - 21:14 - 0 comments

Greece Clears Hurdle Toward Another Round of Bailout Aid

Greece has completed a set of key economic overhauls, eurozone finance ministers agreed Monday, marking the end of the first review of its fiscal bailout and clearing the way for disbursement of new loans to Athens, The Wall Street Journal reported. ...

Daily Headline - global.abi.org - 10/10/2016 - 20:19 - 0 comments

What’s Derailing Greece’s Plan to Sell State Assets? Its Own Government

The Greek government is at war with itself, and that is threatening to derail a key plank of Greece’s bailout, which consists of selling state assets to pay down debt and bring in foreign investment. Leaders in the ruling left-wing Syriza party are touri ...

Daily Headline - global.abi.org - 10/02/2016 - 23:36 - 0 comments

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