![]() swissinfo.ch | IMF's Lagarde discusses Cyprus bailout, gives little away Reuters Euro zone minnow Cyprus, with a GDP of just 17 billion euros, asked for aid in June to rescue its largest banks, heavily exposed to Greek debt. Talks with the European Commission, the IMF and the European Central Bank, known as the troika, have been ... Greece may get more time to meet commitments Euro ministers meet to discuss rescue efforts Lagarde and Draghi in Cyprus for crunch ECOFIN meeting |
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Showing posts with label european commission. Show all posts
Showing posts with label european commission. Show all posts
Friday, September 14, 2012
IMF's Lagarde discusses Cyprus bailout, gives little away
Thursday, September 13, 2012
German Court Approves Rescue Fund
![]() Wall Street Journal | German Court Approves Rescue Fund Wall Street Journal By HARRIET TORRY and GEOFFREY T. SMITH Germany's highest court cleared the way for the euro zone's permanent bailout mechanism to go ahead. Dow Jones's Jenny Paris and Martin Essex discuss what the court ruling means and how markets reacted to the ... Euro hits highest since Mid-May on German ruling Stocks, euro gain on German ruling; Fed in focus Euro rises to 4-month high on German ruling |
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Wednesday, September 12, 2012
Greece revs up privatization drive to sway troika
![]() AFP | Greece revs up privatization drive to sway troika Reuters ATHENS (Reuters) - Greece kickstarted a stalled privatization drive on Wednesday to appease international lenders, saying it would start the sale of 29 percent of one of its most profitable companies - gambling monopoly OPAP - next week. Inspectors ... Greece faces more anti-austerity strikes, protests Greece Aid Decision May Be Delayed to November - EU Sources |
Greece revs up privatisation drive to sway troika
![]() Business Recorder | Greece revs up privatisation drive to sway troika Reuters ATHENS, Sept 12 (Reuters) - Greece outlined a plan to sell one of its most profitable state-controlled companies, gambling monopoly OPAP, reviving a stalled privatisation drive to appease international lenders. Inspectors from the troika of European ... Greece faces more anti-austerity strikes, protests Greece Aid Decision May Be Delayed to November - EU Sources |
Monday, September 10, 2012
Greece Wrestles With Cuts to Unlock Bailout Funds
Greece had tough talks with its European lenders over an 11 billion euro package of budget cuts needed for the country to receive its next allotment of bailout money.
Greek PM seeks to convince creditors of austerity plan
The head of Greece’s government holds crucial talks in Athens with representatives of the international lenders that are funding the country’s financial bailout packages.
Inspectors Reject Some Cuts By Greece
Visiting international inspectors on Sunday rejected parts of Greece's proposed austerity plan, forcing the country's coalition government to seek fresh spending cuts to meet creditors' demands.
Saturday, July 7, 2012
Greece to Quicken Sales of State Firms
Greece's newly elected prime minister said he would ramp up privatizations, close down dozens of state agencies and overhaul the country's dysfunctional public sector.
Greek Premier Says Halt to Recession a Priority
![]() San Francisco Chronicle | Greek Premier Says Halt to Recession a Priority Wall Street Journal Greece's newly elected prime minister said he would ramp up privatizations, close down dozens of state agencies and overhaul the country's dysfunctional public sector. But he drew the line at further wage and pension cuts, as he tried to balance the ... New Greek prime minister outlines crisis policy Samaras Pledges Asset Sales for Greek Program |
Greek Premier Aims to Halt Recession
Greece's newly elected prime minister said he would ramp up privatizations, close down dozens of state agencies and overhaul the country's dysfunctional public sector.
Friday, July 6, 2012
In Greece, a Bold Plan to Solve the Debt Crisis
In Greece, a Bold Plan to Solve the Debt Crisis New York Times The administration's policy platform, outlined by the prime minister, Antonis Samaras, in a speech to Parliament, calls for selling off government assets and reducing state spending. |
Thursday, July 5, 2012
International inspectors arrive in Athens for economic review
![]() Winnipeg Free Press | International inspectors arrive in Athens for economic review Los Angeles Times ATHENS — After months of political paralysis, international debt inspectors returned to Athens on Thursday to assess how much progress — if any — cash-strapped Greece had made in grueling attempts to fix its faltering economy. Greek finance minister says Athens must get program on track: FT Greece drops demand to ease bailout terms Greece admits it's off track on bail-out terms |
Greek Finance Minister: Country Falling Short On Bailout Promises
![]() Independent Online | Greek Finance Minister: Country Falling Short On Bailout Promises Huffington Post ATHENS, Greece -- Greece is falling short of some of the commitments it has made in return for billions of euros of rescue money, the country's new finance minister admitted Thursday after meeting representatives of the country's financial rescuers for ... Greek Socialists Call for New Loan Terms as Recession Deepens New Greek Finance Minister Sworn In Greece sees 'difficult years ahead' as EU-IMF talks begin |
Greek Finance Minister: Greece Is Falling Short On Promised Reforms
ATHENS, Greece -- Greece is falling short of some of the commitments it has made in return for billions of euros of rescue money, the...
Greece's new FinMin: some reforms off track
Greece's new FinMin: some reforms off track
After months of political turmoil that led to a hiatus in the implementation of reforms as Greece struggled through two inconclusive elections, the country's international debt inspectors from the European Central Bank, European Commission and International Monetary Fund have returned to Athens for the first time in over three months to inspect the status of the debt-ridden country's finances.
The hardship led voters furious with mainstream politicians' handing of the crisis to abandon the traditionally dominant parties in droves in favor of smaller anti-bailout parties advocating Greece renege on its bailout conditions.
Since its last visit in late March, the troika has returned to meet with the new government and explore the financial situation.
The troika heads' visit was also delayed by about a week after Samaras was forced to stay home for several days to recuperate from serious eye surgery carried out just after the election, and his designated finance minister was hospitalized and later turned down the post for health reasons.
Ahead of the government's policy statement, which Samaras is to present in Parliament Friday evening, the governing coalition has said it advocates easing some terms of the bailout agreement, including freezing public sector layoffs and repealing some of the tax hikes imposed over the past two years.
The hardship led voters furious with mainstream politicians' handing of the crisis to abandon the traditionally dominant parties in droves in favor of smaller anti-bailout parties advocating Greece renege on its bailout conditions.
Since its last visit in late March, the troika has returned to meet with the new government and explore the financial situation.
The troika heads' visit was also delayed by about a week after Samaras was forced to stay home for several days to recuperate from serious eye surgery carried out just after the election, and his designated finance minister was hospitalized and later turned down the post for health reasons.
Ahead of the government's policy statement, which Samaras is to present in Parliament Friday evening, the governing coalition has said it advocates easing some terms of the bailout agreement, including freezing public sector layoffs and repealing some of the tax hikes imposed over the past two years.
Greece meets 'troika' over bailout revisions
Athens opens talks with European Central Bank, European Commission and IMF to adjust terms of two bailouts worth $300bn.
Greek Socialists Call for New Loan Terms
![]() Business Recorder (blog) | Greek Socialists Call for New Loan Terms Wall Street Journal Greece's socialist party, a member of the coalition government, called for renegotiation of the country's loan terms as international inspectors began a visit to Athens to assess the country's progress in implementing its bailout commitments. Greek Socialists Call for New Loan Terms as Recession Deepens New Greek Finance Minister Sworn In Greek PM returns to action for bailout revision |
Greece talking with debt inspectors after hiatus
Greece talking with debt inspectors after hiatus
The debt inspectors from the European Central Bank, European Commission and International Monetary Fund, known as the troika, were meeting the new government, whose coalition partners want to persuade the country's rescue creditors to ease some of the strict terms of its bailout.
The inspection visit is the first in several months due to political turmoil in Greece, sparked by the vicious financial crisis that has left the country dependent on billions of euros worth of international bailout loans from other European countries using the euro, and the IMF.
Ahead of the government's policy statement, which Samaras is to present in Parliament Friday evening, the coalition has said it advocates easing some terms of the bailout agreement, including freezing public sector layoffs and repealing some of the tax hikes imposed over the past two years.
Stournaras' televised swearing in ceremony at the presidential mansion was the first time Samaras appeared in public since undergoing eye surgery nearly two weeks ago, shortly after forming a coalition government with another two parties following inconclusive national elections.
The inspection visit is the first in several months due to political turmoil in Greece, sparked by the vicious financial crisis that has left the country dependent on billions of euros worth of international bailout loans from other European countries using the euro, and the IMF.
Ahead of the government's policy statement, which Samaras is to present in Parliament Friday evening, the coalition has said it advocates easing some terms of the bailout agreement, including freezing public sector layoffs and repealing some of the tax hikes imposed over the past two years.
Stournaras' televised swearing in ceremony at the presidential mansion was the first time Samaras appeared in public since undergoing eye surgery nearly two weeks ago, shortly after forming a coalition government with another two parties following inconclusive national elections.
New Greek financial minister meets troika officials
The new Greek Finance Minister Yannis Stournaras was sworn in Thursday, mere hours before he met with the trio of financial bodies tasked with monitoring the country’s massive bail-out commitments.
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