About: Greek austerity
Germany earned €2.9 billion from Greece’s debt crisis
Germany turns out to be a major beneficiary of Greece’s debt crisis as it earned a total of €2.9 billion between 2010 and 2017. This emerges from a response of the Federal ministry of finance in Berlin to a parliamentary request from the Greens (Bündnis90/Die Grünen) in the German Bundestag obtained by EURACTIV.
S&D chief tells Greek progressives to rally against New Democracy ‘chaos’
S&D President Udo Bullmann called on progressive political forces in Greece to join forces as the “only way to the country’s future” and not turn to a conservative New Democracy government, which has a big responsibility for the crisis.
OECD chief: The only Grexit is from the bailout
The only Grexit scenario that is currently on the table is the one from the bailout programme, Angel Gurría, the Secretary-General of the Organisation for Economic Co-operation and Development (OECD), said on Monday (30 April).
Eurogroup chief: ‘I see enormous potential in Greece’
Greece has enormous potential and is getting ready to stand on its own feet when it exits its EU bailout in August, Eurogroup leader Mario Centeno told EURACTIV.com's media partner Athens-Macedonian News Agency (ANA) in an interview.
Greek business chief: Novartis scandal must be dealt with quickly to avoid ‘social eruption’
The Novartis scandal in Greece exists and the people responsible for it should be dealt with quickly in order to avoid a “social eruption”, Greek business leader Konstantinos Michalos told EURACTIV.com in an interview.
Moscovici: Greece needs no ‘precautionary credit line’ but own growth strategy
Greece will not need a precautionary credit or anything that looks like a forced programme after it exits the bailout, and any new surveillance should treat Greece "as a normal country", EU's Economic and Monetary Commissioner Pierre Moscovici said.
Not the time to discuss Greece after bailout, Commission says
Greece and its creditors will discuss the appropriate type of post-programme surveillance of the country or any support arrangement "at the appropriate time", a European Commission spokesperson told EURACTIV.com.
Tsipras says Greece will exit bailout in August 2018
Greek Prime Minister Alexis Tsipras said on Monday (30 October) that the government’s plan to put the public finances in order was working and that the country would be out of the bailout programme in August 2018.
Greek government on collision course with pharmaceutical companies over innovative drugs
Several pharmaceutical companies in Greece have threatened to stop supplying the market with innovative drugs and said they could even withdraw existing drugs as a result of an obligatory “discount” imposed by the Greek government and applied retroactively.
Moscovici: Greek bailout was a ‘scandal’ for democratic procedures
The Eurogroup’s handling of Greece’s bailout programme was a scandal in terms of democratic processes, Economic Affairs Commissioner Pierre Moscovici insisted in an interview with Italian media.
Prosecutor says Greece’s former statistics boss is guilty
A prosecutor said on Monday (31 July) that the former head of Greece’s statistical office was found guilty as he did not consult fellow board members about the much-discussed revised 2009 deficit figures. The prosecutor also said he was an employee of the IMF at the same time.
Greek minister: With progressive federalism EU will regain citizens’ trust
In order for Europe to address the current governance issue and convince citizens that it works in their interest it should turn to a left-wing progressive federalism model, Nikos Pappas told EURACTIV.com in an interview.
Greece breaks three-year isolation and returns to debt markets
After three years of “exile”, Greece will return on Monday (24 July) to the international debt markets, testing the waters to see if it can begin to wean itself off bailout loans after tough reforms.
Greece did its part; now it’s the Eurogroup’s turn
Greece has made huge sacrifices and the government has made significant reforms. Now the ball is in the Eurogroup's court to provide the necessary certainty to both people and the markets via a debt deal, writes Roberto Gualtieri.
Greek parliament approves more austerity to unlock bailout funds, debt relief
Greek lawmakers on Thursday (18 May) approved pension cuts and tax hikes sought by the country's lenders to unlock vital financial aid, as angry demonstrators protested outside parliament over new austerity, the latest since the country plunged into crisis seven years ago.
Greek opposition rebukes Commission over praise for Tsipras government
Greece’s main opposition party, New Democracy, felt “surprised” on Wednesday (10 May) when European Commission Vice-President Andrus Ansip praised the Tsipras government for improvements it has made to the economy.
Greek SMEs vie for center stage in Juncker’s investment plan
The Greek government will try to use the Investment Plan for Europe in order to boost cash-strapped small and medium enterprises. EURACTIV Greece reports. In Greece, so-called “red” loans have exceeded €100 billion, representing 10% of all non-performing loans at...
US government ‘open’ to IMF participation in Greek bailout
Washington will keep an “open mind” regarding the participation of the International Monetary Fund (IMF) in the Greek bailout programme, a senior US Treasury official said yesterday (13 April).
SPD chairman: Austerity is an ideology, not a successful economic strategy
A victory for Martin Schulz in the German election will be a chance for Europe to bring an end to “unsuccessful” austerity policies and bring back social justice to Europe, Thomas Oppermann told EURACTIV.com in an interview.
Greece still stuck in bailout due to lack of political consensus
In contrast with Cyprus, a lack of political will among Greece's political parties and appetite for cooperation has kept the country locked in a painful bailout programme, experts have warned. EURACTIV Greece reports.
Tsipras asks Juncker if the ‘European acquis’ applies to Greece
Greek Prime Minister Alexis Tsipras sent yesterday (23 March) a letter to European Commission President Jean-Claude Juncker asking if the bloc's acquis communautaire applies to all EU countries without exception or it’s applicable to all except Greece.
French PM visits Athens to offer support on bailout talks
French Prime Minister Bernard Cazeneuve, accompanied by Finance Minister Michel Sapin and Secretary of State for European Affairs Harlem Desir, will visit Greece today (3 March), aiming to offer political backing for the crucial bailout talks of the indebted country.
Valetta and Athens insist ‘social pillar’ should be part of Europe’s future
Malta and Greece have pledged to work more closely even in a “coalition of the willing” to seek more social Europe. EURACTIV Greece reports.