All posts tagged "Greece"
EU green-lights new bailout loans for debt-stricken Greece
BRUSSELS – Finance ministers from the nations using the euro single currency gave their green light Monday for new loans to Greece to help bolster its debt-stricken economy. At talks in Luxembourg, the ministers agreed that the...
- Posted October 10, 2016
Greece transfers utilities to fund’s control in bailout move
ATHENS, Greece – Amid street protests, Greece’s parliament votedTuesday night to transfer control of public utilities to a new asset fund created by international creditors. Lawmakers approved the legislation in a 152-141 vote that Greece’s lenders had required to...
- Posted September 27, 2016
Greece’s unions rail against powerful new privatization fund
ATHENS, Greece – Greek labor unions are organizing strikes and protests against a plan to place major state assets under the control of a new privatization fund that will be headed by bailout creditors. The fund called...
- Posted September 26, 2016
IMF paints dark outlook for Greek jobseekers
ATHENS, Greece – The International Monetary Fund on Friday painted a bleak outlook for bailout-dependent Greece, where it said it expects unemployment to stay in the double digits for more than three decades. In an annual report, the...
- Posted September 23, 2016
Greek unemployment down to 23.1 percent in April-June
ATHENS, Greece – Unemployment in bailout-dependent Greece dropped to 23.1 percent between April and June, down from nearly 25 percent in the first quarter but still the worst jobless rate in the European Union. The country’s statistical...
- Posted September 15, 2016
Bailout inspectors back in Greece as reforms delayed
ATHENS, Greece – Inspectors from Greece’s bailout creditors have returned to Athens as the Greek government faces calls to speed up the implementation of economic reforms so it can get more rescue loans. Representatives from the International...
- Posted September 12, 2016
Greece presses creditors for better debt repayment terms
ATHENS, Greece – Greece’s prime minister is pressing for speedier action from bailout creditors to ease the country’s huge debt burden. Alexis Tsipras told reporters Sunday that Greece “has the right for a fair debt adjustment” after...
- Posted September 11, 2016
Greek Premier Pledges Growth amid Protests, Austerity Plans
THESSALONIKI, Greece – Greece’s prime minister promised Saturday to deliver economic growth to a country hammered by years of economic hardship, as thousands gathered in protest at more planned austerity measures. About 15,000 protesters – beating drums, waving...
- Posted September 10, 2016
Greece Urged to Speed Up Reforms to Get More Bailout Cash
BRATISLAVA, Slovakia – European creditors urged the Greek government Friday to speed up the implementation of a series of economic reforms so it can get its hands on the next batch of bailout cash it is due...
- Posted September 9, 2016
Battered Greek economy expands mildly in April-June
ATHENS, Greece – Greece’s battered economy expanded by a quarterly rate of 0.2 percent in the April-June period, despite a small decline in consumer spending and exports. The figure released by the country’s statistical authority Monday was...
- Posted August 29, 2016