Sunday , January 21 2018
Home / Tag Archives: bailout

Tag Archives: bailout

EU official: Greece closing in on end of bailout years

A senior EU official says Greece is within reach of ending its Herculean bailout program which saved it from the brink of bankruptcy. The official said Thursday that eurozone finance ministers meeting next week had “a great willingness to say that, basically, nearly everything had been done” to complete its …

Read More »

ESM approves €800mln bailout tranche for Greece

Greece received an extra 800 million euros of bailout money on Thursday, following a positive evaluation of its financial reform process. “I am satisfied to note the Greek government’s continued commitment to clear arrears,” said European Stability Mechanism (ESM) Managing Director Klaus Regling in a statement. “The amount of arrears …

Read More »

Greece to launch platform for online foreclosures on Nov 29

The intention of Greek government to start online foreclosures on November 29 was reiterated at a meeting between government officials and the technical experts of the country’s creditors in the Greek capital. According to previous reports, the online foreclosures will be held for properties worth more than 300,000 euros. The …

Read More »

Dijsselbloem tells Greece to wrap up review quickly for a “clean” bailout exit

Greece must wrap up an upcoming bailout review quickly to pave the way for a “clean” bailout exit next summer without further conditions beyond standard monitoring, Eurogroup Chairman Jeroen Dijsselbloem said during a visit to Athens on Monday. “We are in full agreement for that – it should be a …

Read More »

Macron does not rule out new aid for Greece in August 2018

Europe has to say no to additional measures that hamper growth in Greece, French President Emmanuel Macron said in a televised interview given jointly to the public broadcaster ERT and the private channel ANT1. He sent the message that “we must move away from Europe of austerity and assume our …

Read More »

Ex PM Papandreou says his gov’t explored Grexit option and refusal of first bailout

Former prime minister George Papandreou said that his government explored all possibilities including refusal of first bailout as well as exit from the eurozone before deciding to bring the International Monetary Fund in the country in May 2010. Speaking on Real FM radio on Thursday, the former leader of PASOK …

Read More »

Greece reaches deal with creditors: “Now negotiations for debt relief,” says Tsakalotos

From Monday afternoon till Tuesday dawn of Tuesday, Greek government and creditors’ representatives sat in Hilton hotel for the fine touch on outstanding issues. The results is an additional austerity measures package without extra financing. This practically means a two-year extension of the bailout agreement Greece and the European creditors …

Read More »

US sees ‘supportive role’ for IMF in Greece’s bailout program

Washington will keep an “open mind” regarding the participation of the International Monetary Fund (IMF) in the Greek bailout programme, a senior US Treasury official said on Thursday. The US, the largest shareholder in the IMF, will likely not rule out new funding for Greece by the Fund, despite the …

Read More »

Lenders press Greece to sell 40% of PPC lignite units and energy producing plants

Greek Interior Minister – an Energy minister in first SYRIZA government – Panos Skourletis accused on Monday international lenders of reneging on a 2015 bailout deal by trying to force a fire-sale of its main electricity utility Public Power Corporation (PPC/DEH) to serve “domestic and foreign business interests.” Later, a …

Read More »

Tsipras asked for the IMF’s participation, sees deal in April

Prime Minister Alexis Tsipras confirmed on Friday that he had asked managing director Christine Lagarde for the participation of the International Monetary Fund in the Greek program. Greece’s request was reveled by Lagarde a day earlier. The previous approach of the Greek government “We can do also without the IMF” …

Read More »