Tag Archive | "debt"

Ministry sys ‘no’ to debt collection agencies

Greece is to continue to resist calls from the International Monetary Fund to have a private collection agency to chase up millions of euros in unpaid social security contributions, Kathimerini understands. The IMF suggested in its most recent report that… … Full News here – Latest News

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8/15/2014: Front Page: ‘No’ to debt collection agency

Greece is to continue to resist calls from the International Monetary Fund to have a private collection agency to chase up millions of euros in unpaid social security contributions, Kathimerini understands. The IMF suggested in its most recent report… Full News here – Kathimerini English

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Strategy focuses on debt sustainability

Greece’s state debt amounted to 174.1 percent of gross domestic product in the first quarter of 2014 according to data released on Tuesday by Eurostat. Greece has the highest debt as a percentage of GDP in the 28-member European Union and its level highli… … Full News here – Latest News

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Merkel pledges action on Greek debt sustainability

Merkel pledges action on Greek debt sustainability On her second visit to Athens in less than two years on Friday, German Chancellor Angela Merkel pledged that the eurozone would discuss Greece's debt sustainability later this year. There was pleasant surprise among Greek government officials that … Full News here – Read more on Kathimerini

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Dijsselbloem sees Greek debt relief talks in August

Eurogroup chief Jeroen Dijsselbloem has said there is no need to discuss debt relief for Greece until August, with German Finance Minister Wolfgang Schaeuble suggesting that the summer will be the time to also discuss a possible third bailout. Ahead of to… … Full News here – Latest News

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Europe must face facts and forgive some of Greece’s debt

Greece and its creditors are wrestling with the country’s debts yet again. It probably won’t be the last time. As long as they keep making the same mistake, the next agreement is no more likely to succeed than the others. Back in 2010, Greece was given on… … Full News here – Latest News

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Ifo: OSI debt restructuring would ease debt by 9 bln

Greece will reduce its public debt by some 9 billion euros if the eurozone decides to extend the bilateral loans amounting to 52.9 billion euros to 50 years and reduce its interest rate by 0.50 percent, according to Germany’s prestigious Ifo Institute. Th… … Full News here – Latest News

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2/10/2014: Front Page: Athens eyes debt relief

With the date that troika officials are to return to Athens still unclear, the government is believed to be focusing on exploiting the leverage afforded by a larger-than-expected primary surplus to push its goal of launching negotiations on debt… Full News here – Kathimerini English

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OSI debt relief plan will not suffice

A number of macroeconomic figures point to output stabilization ahead at the same time the Greek economy rebalances, posting both a primary budget surplus and a current account surplus. However, the huge public debt overhang will continue to undermine gro… … Full News here – Latest News

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Government to leverage surplus for debt relief

With the date that troika officials are to return to Athens still unclear, the government is believed to be focusing on exploiting the leverage afforded by a larger-than-expected primary surplus to push its goal of launching negotiations on debt relief. A… … Full News here – Latest News

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2/6/2014: Front Page: Fresh debt relief debate

Greek Finance Minister Yannis Stournaras heads to Frankfurt today, where he will meet Bundesbank and Deutsche Bank officials, with the discussion about further debt relief for Greece having apparently been rekindled. Finance Ministry sources admitted… Full News here – Kathimerini English

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Germany reiterates there will be no debt haircut for Greece

The German finance ministry rejected on Monday a weekend media report that a third aid package for Greece could include a further debt haircut. “There is no new situation regarding Greece,» said spokesman Marco Semmelmann. Asked about the possibility of a… … Full News here – Latest News

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1/31/2014: Front Page: MEPs herald end to troika, look to debt restructuring

Membersof a European Parliament committee investigating the role of the troika and the impact of its policies in Greece yesterday heralded the end of an “interim” institution and underlined the need for debt relief if Greece is to emerge from a spiral… Full News here – Kathimerini English

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1/8/2014: Front Page: Athens aims to settle debt issue while at EU helm

With Greece set to assume the rotating six-month presidency of the European Union during an official ceremony in Athens today, Finance Minister Yannis Stournaras said yesterday that he believed Athens would reach an agreement with its foreign creditors… Full News here – Kathimerini English

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12/16/2013: Front Page: Debt relief in spring, insists PM

Prime Minister Antonis Samaras aims to lead his government into May’s local and European Parliament elections with a decision from Greece’s lenders on further debt relief and with no intention of calling early national elections. In an interview with… Full News here – Kathimerini English

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