Debt crisis

Greece mulls hiring Lazard to advise it on debt, says FinMin official

Greece's debt agency has proposed hiring US investment bank Lazard to advise the country on the management of its debt, a finance ministry official said on Wednesday.

Greece, which is emerging from a prolonged financial crisis, has the highest debt in the eurozone. [Reuters]

Eurozone neutral to positive toward Greek plan for early IMF repayment

Senior eurozone officials were neutral to positive this week to a plan presented by their Greek peer for Athens to repay earlier some of its costly loans from the International Monetary Fund, a senior EU official said on Friday.
Greece, cut off from the markets during the sovereign debt crisis of 2010-2015, borrowed heavily from the IMF and eurozone governments.

No tax cuts without plan

Having hit the ground running, Greece's conservative administration is eager to show that it is already working to cut tax rates - which was one of its main campaign pledges.

Nevertheless, there are signs that certain government officials themselves are nourishing - and cultivating among the public - excessive expectations.

Greek JV between StormHarbour and Italy's Fire gets bad loan servicing licence, source tells Reuters

A Greek joint-venture between Italian debt collector Fire and investment firm StormHarbour has secured a licence to operate in the country's impaired loan market, a source familiar with the matter said on Friday.

Panel explores US role in the Greek crisis

The United States was a "true mediator" between Athens and its international creditors at the peak of the Greek crisis and helped prevent the country's ouster from the eurozone on several occasions, Kathimerini's Washington correspondent, Katerina Sokou, said during a panel discussion on the subject of "The US Role in the Greek Debt Crisis."

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