All News on Economics in Greece
Greece must implement structural reforms, says Lagarde [Update]
By Manoj Kumar
Greece needs to implement structural reforms, International Monetary Fund Managing Director Christine Lagarde said on Monday, echoing other international creditors who have urged Athens to implement reforms to secure urgently needed funds.
Greece makes repayment to IMF as cash reserves risk running dry
By Eleni Chrepa & Nikos Chrysoloras
Greece repaid a loan due Monday to the International Monetary Fund, further depleting cash reserves that risk running out this month unless a deal is reached with European partners.
Greece must implement structural reforms, says Lagarde
Greece needs to implement structural reforms, International Monetary Fund Managing Director Christine Lagarde said on Monday, adding that she felt strongly for taxpayers of the debt-strapped eurozone member state.
Lagarde made the comment at a question-and-answer session with students in New Delhi after earlier giving a speech.
[Reuters]
Greek finance minister says some election vows can be put off
Greece's combative finance minister has indicated that Athens' new radical left government is prepared to put some of its campaign promises on hold while it seeks to build confidence among its creditors.
"Our program is a program for four years," Yanis Varoufakis told reporters after a meeting of economic and finance leaders in northern Italy on March 13.
S&P keeps Greece on creditwatch negative
Standard & Poor?s retained Greece?s sovereign ratings at B- and on creditwatch negative for the next couple of months on Friday.
The ratings agency commented that the country?s position in terms of liquidity is deteriorating, «requiring additional funding commitments in the second quarter."
It also pointed to the lack of a clear funding plan, short- or long-term.
Greece, creditors to kick off fiscal talks in Athens: official
Greece and its international creditors were to begin fiscal talks in Athens on March 12, a government source said, breaking a six-week impasse over attempts to overhaul the country's unpopular bailout.
"Talks are scheduled to begin on fiscal issues today," a finance ministry source told AFP, adding that discussions on structural reforms and banks would be held next week.
Brussels Group performs autopsy on Greek economy
The "Brussels Group", consisting of low-ranking officials of foreign institutions, are in Athens on Thursday to collect data on the Greek economy.
History will not forgive us
By Alexis Papachelas
Greek deflation slows in February, prices drop for 24th month
Greek consumer prices fell 2.2 percent year-on-year in February, with the annual pace of deflation slowing from a 2.8 percent decline in January, data from the country's statistics service showed on Tuesday.
Europe stocks fall from 7-year high on Greece, US rate concern
By Inyoung Hwang
European stocks declined after a five-week rally as concern resurfaced over Greece and the timing of an interest-rate increase in the U.S.
CNN Money: Drama continues as Greece still far from safe
With the above statement the US financial webpage comments on latest statements by Mario Draghi, while citing a top European banker, who warns that the crisis in Greece is not even near the end.
According to CNN Money, Greece depends entirely on international support while its creditors’ are not impressed at all”.
Varoufakis: Greece reliving the Great Depression
Never one to eschew the dramatic, FinMin Yanis Varoufakis likened the current situation in (still) recession-plagued Greece with the Great Depression of the 1930s.
In his speech at the Greek-French Chamber, as long as a political solution is delayed, the recession will wear down the common currency and turn the peoples of Europe against each other.
UK-based SYRIZA MP and prof wants Grexit: ‘we must be truly radical’
One of ruling SYRIZA’s more outspoken far-left cadres, the London-based academic and economist Costas Lapavitsas, on Monday landed in the Guardian’s inner pages with his cure for Greece’s economic ills – leave the euro!
Kemal Dervi? optimistic about Greek economy
When Kemal Dervi? was asked to sort out the Turkish economy fourteen years ago, few were hopeful. In 2001, this country was in the midst of its worst economic crisis in modern times and Dervi? was given little chance, despite his 22-year career at the World Bank. He was seen as an inexperienced outsider with little knowledge of domestic politics.
Varoufakis says Greece faces problem repaying IMF, ECB
Greece has no immediate problem with government liquidity, but faces trouble in making debt payments to the IMF and European Central Bank in the spring and summer, Finance Minister Yanis Varoufakis said on Wednesday.