Search Results for: Finance Minister Euclid Tsakalotos
Athens agrees more austerity measures to secure bailout
May 2nd, 2017
The Greek government has agreed to impose more taxes and pension cuts on its citizens in order to pave the way for long-awaited debt relief talks with international creditors. “The negotiations for a technical deal were concluded on all ...
Grexit is back? Greece faces critical few weeks
February 6th, 2017
In the week of Groundhog Day it seemed entirely appropriate: Greek farmers, many on tractors, have once again been blockading roads and border posts amid mounting signs that the country long at the centre of Europe’s debt woes is ...
Greece, US Sign FATCA agreement
January 27th, 2017
Finance Minister Euclid Tsakalotos and U.S. Ambassador to Greece Geoffrey Pyatt signed on Thursday a bilateral agreement to improve international tax compliance and the implementation of the law on Foreign Account Tax Compliance Act (FATCA), as well as the ...
Greece adopted a controversial package of pension cuts and tax hikes
May 9th, 2016
Greek lawmakers late Sunday adopted a controversial package of pension cuts and tax hikes despite mass public opposition, bowing to creditor demands in a bid to unlock the next tranche of badly-needed bailout funds. The unpopular reforms, which saw ...
Greece Latest: New payouts and the start of debt relief talks may delay
March 3rd, 2016
Euro zone, IMF split over how much Greece needs to reform Euro zone lenders and the International Monetary Fund disagree over how much more Greece needs to do to reform its economy, a dispute that may delay new payouts ...
Eurogroup urges Athens to deliver reforms in a week – Remarks by J. Dijsselbloem
November 10th, 2015
Greece failed to secure the release of 2 billion euros in bailout funding at a Eurogroup summit on Monday, as expected, with creditors prodding Greek officials to push forward with outstanding reforms and reach a compromise on thorny issues ...
Euro Area Urges Tsipras to Meet Bailout Pledges Without Delay
October 6th, 2015
Funds for recapitalization tied to country meeting conditions Finance ministers tell Tsipras not to ease up on reforms Greece shouldn’t expect the euro area to relax bailout requirements to meet next month’s deadline for unlocking money to recapitalize its ...
Greece to unveil painful 2016 draft budget
October 5th, 2015
Greece will unveil a painful 2016 draft budget on Monday meant to satisfy international creditors, projecting the economy will stay in recession next year before returning to growth in 2017, in line with the estimates by the country’s lenders. ...
Greece: Recap is key to next disbursements – Eurogroup meeting
October 2nd, 2015
Greece: Banking reforms that are necessary for the sector’s recapitalization are key to the disbursement of the first couple of bailout subtranches, say sources in Brussels, as the Euro Working Group is set to convene on Friday to draft ...
Greece to get 6 billion euros in bridge loans if no agreement at Eurogroup
August 14th, 2015
Greece could get 6.04 billion euros in bridge financing if euro zone finance ministers cannot agree on the planned third bailout for Athens when they meet on Friday, according to German newspaper Bild, citing a European Commission proposal for ...
