debt

In an interview to the Bloomberg news agency, the Eurogroup President Jeroen Dijsselbloem revealed that the debt in Greece and the possibility of further aid ...

An unnamed senior officer at the Ministry of Finances revealed that the coalition government will initiate discussions regarding the reduction of Greece’s...

The German Minister of Finances Wolfgang Schäuble gave an interview to the CNBC network and explained that the possible, “limited” financial aid that Greece may receive, should it be deemed necessary, will not include a new debt haircut. Mr. Schäuble noted that Germany is prepared to help Greece out, even after the current rescue program […]

Bloomberg’s financial analysts believe that a potential new deal between Greece and its creditors that does not include any provisions for a debt haircut will result in failure. The analysts justify their belief on the fact that the troika’s predictions have been proven wrong and many of the tragic consequences could have been avoided if […]

The German Minister of Finances Wolfgang Schäuble gave an interview to the international news agency Reuters about how the IMF contributed towards increasing the credibility of European policy against the crisis. In the interview the German Minister claimed that the debt crisis in the Eurozone has “calmed down” and that he does not expect any […]

From the stand in Parliament the Deputy Minister of Finances Christos Staikouras repeated his claim that the primary surplus will exceed the government’s initial expectations and stressed that after being certified in April, it will pave the way for reducing the debt “by any means necessary”. Mr. Staikouras explained that the troika predicts that the […]

The German Ministry of Finances has officially denied allegations made by Der Spiegel that Germany is preparing for a third bailout aid package to Greece which includes the possibility of a debt haircut. When asked about the possibility of a new haircut of the Greek debt, the spokesman of the Germany Ministry of Finances “categorically […]

According to a report by Deutsche Welle, a second debt “haircut” will be necessary for Greece to recover, despite the remarkable progress in finances which has been documented. The German broadcaster’s report explains that Greek divs are not always reliable, which creates skepticism amongst Eurozone members, which in turn causes many delays. Last year’s 691 […]

While SYRIZA appears to be going from strength to strength in the polls and appears able to challenge New Democracy in future elections, the coalition party’s factions are coming to major disagreements. The latest instance of internal strife came from Petros Lafazanis’ Left Platform, which published a number of observations entitled “SYRIZA’s dangerous ‘new ideas’” […]

According to the latest data published by Eurostat, the Greek public debt was estimated at 171.8% of GDP at the end of the third trimester of 2013. This means that Greece continues to have the highest rate of debt in the European Union by far, followed by Italy (132.9% GDP), Portugal (128.7%) and Ireland (124.8%). […]

The Budget Office of Parliament published a progress report regarding the financial developments in Greece and the Eurozone, where it is revealed that Greece has not yet overcome their serious financial problems. As a result, new fiscal rules in the Eurozone are necessary. The report is based on the intention of Greece remaining within the […]

The Minister of Finances Yannis Stournaras appeared on SKAI TV’s central news program last night, where he addressed the possibility of a new debt haircut and he rumors that he is going to be appointed Governor of the Bank of Greece. Mr. Stournaras explained that there is no chance of a debt haircut as such […]

The General Secretary of Public Revenue Haris Theoharis has announced that taxpayers will be able to pay their debts by transferring real estate property to third parties and ceding proceeds to the State. According to the regulation, the tax payer will be able to pay a part or the entirety of debts by making the […]

The general secretary of KKE Dimitris Koutsoumpas gave an interview to Mega Channel, where he accused opposition leaders SYRIZA of constantly changing opinions regarding the bailout and debt and of being an “opportunist and adventurist party”. Mr. Koutsoumpas was critical of Mr. Tsipras candidacy for the European Commission presidency by explaining that the SYRIZA president […]

The OECD Secretary-General Angel Gurria who was in Athens for a series of meetings yesterday, including the Prime Minister and the Ministers of Finances, has stressed the need for Greece to reduce its debt. According to the OECD, Greek debt will be unsustainable in 2002 when it reaches 160% of GDP, rather than the 123% […]

The Prime Minister Antonis Samaras met with the President of European Parliament Martin Schulz, with who he discussed tackling the Greek debt problem and the upcoming Greek presidency of the EU at the start of 2014. Mr. Samaras appeared confident that the negotiations with the troika would be complete by the end of December, with […]

The Minister of Finances Yannis Stournaras appeared on Yannis Pretenderis’ late evening chat show on Mega Channel, where he had the opportunity to explain and defend his plans. Mr. Stournaras explained that the difference between troika and Greece on the extent of the structural measures is about 1 billion euros. The Minister described how the […]

The district courts in Chania ruled in favor of an unemployed mother of three, after the judge ordered that the debts of 30,000 euros debt which she had accumulated be written off. According to the Flashnews radio station, the court judge spoke of “a real inability to pay even the least of sums”, explaining that […]

The Deputy Minister of Finances Christos Staikouras was invited to speak last night at an event organized by the Center of Planning and Economic Research (KEPE), where he referred to the necessity of “stronger tools” to address the Greek debt. Also present at the event were KEPE President Nikos Philippas and SYRIZA MP and economist […]

The need for new fiscal measures will be determined after the current troika review is complete, in December or January, while the Eurogroup head Jeroen Dijsselbloem clarified that a debt haircut is out of the question. Mr. Dijsselbloem explained that Greece is making a remarkable effort for a primary surplus and that the measures to […]