
IMF funds are no longer necessary for an international bailout of Greece due to reduced loan requirements and the Washington-based lender’s “unconstructive” position, the country’s prime minister argued Monday. “I have the impression that IMF funding is not necessary” for
by AFP8 Dec 2015, 1:40 AM PST0

Greek lawmakers approved a “tough” 2016 budget early Sunday, forecasting near zero growth for 2015 and a small contraction next year for the debt-ridden country in its sixth year of austerity. The coalition government, which enjoys a narrow majority, managed
by AFP6 Dec 2015, 1:45 AM PST0

Anyone who has ever witnessed the terminal struggles of insects in a killing bottle will recognise the nature of the paroxysms contorting the EU “leaders” today. The Greek pantomime is beyond parody. It is a shadow-boxing contest between two factions of the
by Gerald Warner15 Jul 2015, 12:31 AM PST0

Euro zone leaders told near-bankrupt Greece at an emergency summit on Sunday that it must restore trust by enacting key reforms before they will open talks on a new financial rescue to keep it in the European currency area. Leftist
by Reuters12 Jul 2015, 8:17 AM PST0

Greek banks have been shut since Monday, and the system faces collapse if the European Central Bank (ECB) declares them insolvent should Greece refuse to pay back its debts.
by Breitbart News3 Jul 2015, 8:52 PM PST0