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SYRIZA Seizing Protected Accounts of Pensioners, Disabled Children

ATHENS - Greece’s Leftist government is reportedly confiscating protected bank accounts of pensioners and even those for disabled children as it forges ahead with more austerity after vowing to protect society’s most vulnerable. Greeks are...
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Greek Budget Primary Surplus at 1.019 bln Euros in Jan

ATHENS - Greek budget recorded a primary surplus of 1.019 billion euros in January, from a primary surplus of 1.003 billion in January 2016 and a budget target for a surplus of 670 million...
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Greek Bank Chief Stournaras Tells Government: Push Reforms

ATHENS - Bank of Greece Governor Yannis Stournaras told the ruling Radical Left SYRIZA-led coalition to keep following the orders of international lenders and impose more harsh reforms. Stournaras, who, as a former Finance Minister...
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Diaspora Economists Say Grexit Would Destroy Greece

ATHENS - As Greece keeps trying to seal a deal over a third bailout of 86 billion euros ($91.41 billion) and more austerity, noted Diaspora economists and academicians have warned about the specter of...
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Schaeuble: Greece Needs Competitiveness and Sustainable Growth

BERLIN - Greece needs to have a competitive economy and sustainable growth, German Finance Wolfgang Schaeuble said as he was leaving the ECOFIN meeting in Brussels on Tuesday. Commenting on the decisions reached at Monday's...
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Strategic Defaulters Dragging Down Greek Banks, Owe 10B Euros

ATHENS - Greek bank officials said people who can afford to pay what they owe but won’t account for more than 10 billion euros ($10.5 billion) in bad loans. They said 21 percent of people...
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Eurogroup Asked for “Truly Balanced” Package of Reforms, Moscovici Says

BRUSSELS - The Eurogroup's conclusions on Monday asked the European Commission to design a truly balanced package of reforms and positive growth-enhancing measures for Greece, European Commissioner for Economic and Financial Affairs Pierre Moscovici said...
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Greece Calls on Germany to Ease Budget Demands

ATHENS - Greece's government has called on Germany to drop what it described as "irrational" budget demands in the country's bailout program, a day after Greece and its European creditors agreed to resume talks...
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Dijsselbloem Says Greek Reforms Bring Back Collective Bargain Talks

BRUSSELS - The framework agreement on a package of ‘deeper reforms’ in Greece will including tax and pension issues but also labor market reforms that are “in line with best EU practices,” Eurogroup President...
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Eurozone, Greece Reach Deal on Return of the Institutions

BRUSSELS - Greece and its European creditors agreed Monday to resume talks on what economic reforms the country must make next in order to get the money it needs to avoid bankruptcy and a potential...