About: Greek crisis
Germany made more than €1bn out of Greek crisis
Between its loans to Athens and its debt buying programmes, Germany has cashed in to the tune of €1.34bn since the beginning of the Greek crisis. EURACTIV’s partner La Tribune reports.
Commission says it’s time to end Greece’s excessive deficit procedure
The European Commission decided on Wednesday (12 July) to recommend that the EU Council close the excessive deficit procedure for Greece.
Moscovici: Leftist Syriza government is not populist
Greece’s ruling leftist Syriza party cannot today be considered as a populist party because they have made tough choices and implemented difficult reforms in order to stay in the eurozone, Economic Affairs Commissioner Pierre Moscovici has said.
Juncker praises Tsipras following Weber jibe
Commission President Jean-Claude Juncker said on Tuesday (20 June) that he fully trusts Greek Premier Alexis Tsipras, after Manfred Weber said Tsipras "belongs to the past".
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.
Confusing messages suggest tough Greek debt talks at Eurogroup
The European Commission is optimistic about an overall agreement with Greece at tomorrow’s Eurogroup. But Athens says a deal is still far due to Germany’s stance.
Moscovici urges Greece’s lenders ‘not to play with fire’
Economic Affairs Commissioner Pierre Moscovici warned today (8 June) Greece’s creditors to avoid “playing with fire” ahead of a crucial Eurogroup meeting on 15 June.
Greek ship owners clash with Schäuble over taxation
The inability of German maritime policy to successfully support its domestic shipping industry is the motivation behind Wolfgang Schäuble’s pressure on the Greek government to tax shipping firms, Greek ship owners said in a statement.
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.
Greece slashes GDP forecast in new budget plans
The Greek government on Sunday (14 May) slashed its GDP growth forecast for 2017 as it moved towards submitting new austerity measures, including a wider tax net, for approval by lawmakers.
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.
Brexit will cost Greece up to 0.8% of GDP, minister says
The British exit from the European Union will have consequences for the Greek economy, especially on tourism, Deputy Minister of Foreign Affairs George Katrougalos said on Monday (8 May).
Alexis Tsipras’ government is building a media oligarchy
Greece’s coalition government is building new networks of corruption while still dealing with the old ones, in a bid to control and restrict the freedom of the press, Vasilis Kikilias writes.
Eurozone to mull Greek debt relief once reforms take place
Eurozone governments will consider medium-term debt relief for Greece as promised in a statement in May 2016 once Athens implements the reforms it agreed to earlier this week, a eurozone official said on Thursday (4 May).
Syriza hits out at Weber after ‘communist prime minister’ comment
Manfred Weber, the leader of the EPP group in the European Parliament, today (3 May) said that the only remaining problem for Greece is that its prime minister, Alexis Tsipras, is a communist.
IMF says EU still needs ‘credible’ debt relief for Greece
Despite an agreement reached Tuesday (2 May) on a reform package, Europe still needs to provide "credible" debt relief to Greece before the International Monetary Fund can provide more financing, an IMF official said.
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 EU level (€1.1 trillion).Of these, 68% belong to small and medium-sized enterprises (SMEs). At the …
Sustainable economic reconstruction holds the ‘key’ to Europe’s future
As our world slides down the slippery road of demagoguery and hate-driven politics, now is the time for Europe to rise from its own deep crisis and be the global leader we all need, writes Demetres Karavellas.
Greece calls for debt relief as bailout talks resume in Athens
Greece's prime minister held out for a commitment from lenders to debt relief on Tuesday (25 April), and said he was confident new talks in Athens over a long-stalled bailout review would reach a deal by a 22 May target.
Weak cooperatives and high input costs hike Greek food prices
In Greece, cooperatives play a limited role in the food supply chain. Combined with rising overhead costs, this has contributed to the erosion of local farmers' incomes, while emptying the wallets of consumers.
Greek 2016 primary surplus at surprisingly high level
Greece in 2016 registered a primary surplus of 3.9% of output, its statistics agency said today (21 April), in an important announcement for the country's reform talks with its creditors.
IMF insists that Greece needs a debt restructuring
The International Monetary Fund (IMF) will participate in the Greek bailout programme on the condition that the country’s debt is sustainable and, thus, a restructuring will be needed, IMF chief Christine Lagarde warned on Tuesday (18 April).
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).
Syriza: Europeanism without federalism is ‘meaningless’
Proclaiming a pro-EU stance without supporting federalism is “meaningless” and amounts to talking the talk but not walking the walk, according to Greece's digital policy minister.