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).
The European Central Bank has joined the IMF and European Commission’s demand for “strong” and “credible” measures to alleviate Greece’s soaring public debt (around 178% of GDP) once the country exits its rescue programme on 20 August.
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.
The United Kingdom will remain one of the most important US allies in NATO and Brexit will have no impact on the alliance, US Ambassador to Athens Geoffrey R. Pyatt told EURACTIV Greece’s media partner European Business Review in an interview.
Greece's Prime Minister Alexis Tsipras on Wednesday (7 June) urged the EU to commit to investment aimed at boosting Greek growth in order to break a deadlock between European creditors and the IMF over the nation's debt.
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).
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.
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).
The Eurogroup took a small step on Monday (20 February) towards the completion of the second review of Greece's €86 billion rescue programme, placing the emphasis on reforms over austerity to reduce the country's huge debt pile.
Greece's decision to give pensioners a one-off bonus has delayed the conclusion of its second bailout review but an agreement can still be reached in the coming months, EU Commission Vice-President Valdis Dombrovskis was quoted as saying on Saturday (17 December).
Greece snubbed its international lenders and legislated plans yesterday (15 December) to give pensioners a one-off Christmas bonus despite misgivings from creditors in a standoff over the country's third bailout.
Eurozone finance ministers on Monday approved new debt relief measures to alleviate Greece's colossal debt mountain in the wake of its huge €86 billion bailout, but at levels far short of those demanded by the IMF.
German Minister of Finance Wolfgang Schäuble was far more aggressive with Greece when a right-wing government was in power than the left-wing Syriza-led coalition, New Democracy's Konstantinos Kyranakis told EURACTIV.com, adding that the European People’s Party did not work as an alliance during those days.
Eurogroup head Jeroen Dijsselbloem and German Finance Minister Wolfgang Schäuble, in a move likely to anger Athens and the IMF, warned yesterday (7 November) it would be impossible to draw up fresh debt relief for Greece by year's end.
European Commission President Jean-Claude Juncker kicked off his State of the European Union address at the European Parliament at 9am today (14 Wednesday). EURACTIV's live feed brought breaking news, live video and analysis of the speech.
The need for fast, accurate and balanced information is always important. We value EURACTIV's good, independent journalism and support this initiative
Mella Frewen, Director General of FoodDrinkEurope
EURACTIV plays a vital role in bringing Europe closer to its citizens. EURACTIV has long recognised that the story of Europe has to be told across the continent, and not just in Brussels. We need to support a truly European and informed debate.