Troika says Greek compliance improved but sees risks to program
The troika that oversees euro-area Greece’s bailouts said it sees “very large risks” to the Greek program, according to a draft of the troika’s report obtained by Bloomberg.
The troika, which comprises the European Commission, the European Central Bank and the International Monetary Fund, said Greece’s compliance has “perceptibly improved,” according to the draft. Giving Greece a two-year extension to meet budget targets would ease the impact of austerity measurs, the troika said.
The report adds that Greece might need an extra 15 billion euros of funding over the next two years.
Finnish Finance Minister Jutta Urpilainen said on Monday that the Eurogroup will “probably” meet on Greece again later this week as they don’t yet have all the information required to finalize a decision on a Greek rescue aid.
Urpilainen spoke to reporters before a meeting with her peers in Brussels.
The prolonged unrest in Turkey’s main cities this month has had a growing impact on the country’s tourism.
According to a survey conducted by the Spanish section of booking search engine Tri...
The state privatization fund (TAIPED) expects by Friday to have signed the contract conceding the operation of state lotteries for the next 12 years to the OPAP-led consortium, as the deal w...
New PAOK coach Huub Stevens has called for unity among fans after taking charge of the Greek club whose players said they feared for their lives last season because of regular protests.
Gree...
Greek canoeing champion Andreas Kiligkardis died on Wednesday after losing his battle against leukemia.
The 37-year-old had been in a coma since last Tuesday at a hospital in Poland - where ...
For the past three-and-a-half years, the Greek political system has been dragging its feet and hemming and hawing over a relatively simple decision: which state organizations are needed, how...
Greece’s power-sharing government must find a way to stay on track.
A snap election, as suggested by some out there, would not solve the country’s problems but rather strengthen existing pol...
