With bad loans near 40 percent in Greece, a review of debtors found only about 20 percent can afford to pay banks what they owe.
Greece’s international creditors are reportedly considering making debt relief for Athens conditional on reforms being kept up.
Greece will continue with worker layoffs and firings as part of its deal with international lenders, Administrative Reform Minister Kyriakos Mitsotakis said.
Greek Premier Antonis Samaras and Chinese President Xi Jinping reinforced political and business ties during a meeting on the island of Rhodes.
In a meeting including the Government Vice-President and Foreign Minister Evangelos Venizelos, as well as Finance Minister Gikas Hardouvelis at the Maximos Mansion government headquarters […]
ATHENS – Greek authorities on Monday reported a primary budget surplus of 712 million euros in the first six months of the year from a […]
LONDON — The European Central Bank is coming under increasing pressure to do more to stem the strength of the euro currency, which is hurting […]
During a meeting on Thursday in Athens of the Finance Minister Gikas Hardouvelis with the troika – the representatives of Greece’s bailout lenders – the […]
ATHENS, Greece (AP) — Greece has raised 1.5 billion euros ($2.04 billion) in an auction of three-year bonds, its second debt issue in three months after a long absence […]
ATHENS, Greece — Bailed-out Greece said Wednesday it will tap bond markets again soon, building on its success in April to return to debt markets after a forced four-year […]