Tag: debt

transactions online

Greeks urged to conduct majority of transactions online

The head of Greece’s Independent Public Revenue Authority (AADE) Giorgos Pitsilis on Monday encouraged citizens to conduct transactions online as much as possible, after announcing that as of March 16 all of Greece’s…

IMF

Greece approved to pay back IMF debt earlier

The Greek government expressed satisfaction following the green light it was given on Monday by the European Stability Mechanism (ESM), for Greece’s early partial repayment of its outstanding loans to the International…

Scope Ratings GmbH

German ratings agency ‘upgrades’ Greece

Greece just got an ‘upgrade’ on Monday on its long-term foreign- and local-currency issuer ratings to BB from BB-, with a Positive Outlook, courtesy of a German ratings agency. The German-based rating…

Greece to meet its fiscal targets: IMF 3

Greece to meet its fiscal targets: IMF

The IMF reported on Wednesday that Greece is on track to meet its fiscal targets for primary surpluses up to 2022. The news published in the the “Fiscal Monitor” report was presented…

Bloody clash between Greeks and Albanians in Athens 9

Bloody clash between Greeks and Albanians in Athens

Athens police authorities announced that violent clash between armed groups of both Greek and Albanian nationals in the Athens suburb of Gerakas, started as a settling of scores between two Albanians over…

Lagarde demands decisions on Greek debt relief now 11

Lagarde demands decisions on Greek debt relief now

IMF Managing Director Christine Lagarde has demanded the technical details of Greece’s debt relief be decided now, whilst the extent of debt relief be decided in 2018. Speaking at an event held…

Dreaded Troika Returns to Greece to finalise agreement 13

Dreaded Troika Returns to Greece to finalise agreement

The troika, or ‘institutions’ as they’ve been eloquently reworded, are back in Athens today in the hope of reaching a staff-level agreement within two weeks with Greek authorities in their pursuit to…

Greece will fight against any more IMF demands 15

Greece will fight against any more IMF demands

Greece has signalled that it will resist IMF demands on more measures especially in the area of industrial relations and the labour market as it prepares for today’s Eurogroup. “We have made…

Unsustainable Greek debt must be restructured: USA 16

Unsustainable Greek debt must be restructured: USA

The impasse between Greece’s creditors and the IMF over the need to restructure the country’s unsustainable debt has drawn a response from the USA, with the U.S. Treasury Secretary Jack Lew stating…

German slap in the face for Greece over war debt 17

German slap in the face for Greece over war debt

The German government was quick to respond to the war debt issue raised by Greece, saying the matter is closed. “The issue of German reparations is definitively, legally and politically closed,” said…