Syndicate contentreforms

Greek minister foresees hellish debt negotiations

Greece should prepare itself for a hellish negotiating period with international creditors on the country's financial needs and its level of debt, Finance Minister Yannis Stournaras said on Sunday.
AFP: October 21, 2013

In Greece, wisdom of privatisations under question

The approach of a new budget year in crisis-hit Greece has rekindled talk of more spending cuts, along with a renewed EU-IMF creditor push for a breakthrough in the country's clogged-up privatisation programme.
AFP: October 21, 2013

Greece completes first major privatisation since bailout

A Czech-Greek fund completed its acquisition of a controlling stake in Greece's betting monopoly OPAP on Friday, marking the country's first major privatisation under its international bailout plan.
Reuters: October 11, 2013

Data shows jump in Greece jobless rate

Official figures show that the unemployment rate in Greece jumped to 27.6 percent in July from a revised 27.5 percent in June, as the financial crisis continues to take its toll on jobs in the country.
Press TV: October 10, 2013

Greece crisis: Inside the student-occupied schools

Drastic public spending cuts in Greece are having severe consequences for public services including education. With teachers and students now taking direct action, some universities are warning that a whole semester could be written off.
BBC: October 1, 2013

Greece nominates new privatization agency chief, third in seven months

(Reuters) - Greece has nominated a new chairman for its privatization agency HRADF a month after his predecessor was dismissed, the finance ministry said on Saturday.
Reuters: September 28, 2013

Greek public sector workers strike as lenders check reform progress

Greek public sector workers went on strike for the second time in a week on Tuesday, shutting schools and leaving hospitals with skeleton staff, as inspectors from Greece's foreign lenders checked whether the country was meeting its bailout targets.
Reuters: September 24, 2013

Greece looks to state property assets to avoid third bailout

The Greek finance ministry is looking at a plan that could see state-owned property assets used as collateral for loans that could help it avoid a third bailout by the EU and IMF.
CNBC: September 23, 2013

Greece resumes talks with creditors as strikes planned

The so-called troika of lenders has returned to Athens for its latest audit of the Greek economy.
BBC: September 22, 2013

Greece heads for new EU-IMF audit, hopes reforms will earn loans

A new EU-IMF audit of Greek fiscal performance and reforms begins Sunday, with the debt-laden country hoping progress in reining in spending will unlock further bailout loans.
AFP: September 21, 2013