A debt compromise agreed to unlock aid for Greece was a good one, removing the danger that lenders would have to take a haircut, European Central Bank policymaker Ewald Nowotny said.
"I believe in such a difficult situation as we see in Greece there are no ideal solutions but it is probably a solution that is better than all alternatives,» Nowotny told Austrian ORF radio in an interview broadcast on Wednesday.
"The debt haircut is off the table."
After 12 hours of talks at their third meeting in as many weeks, eurozone finance ministers and the International Monetary Fund agreed this week to reduce Greek debt by 40 billion euros, opening the way for 43.7 billion euros of loans to be disbursed by early 2013.
A Thessaloniki court on Wednesday acquitted Yiannis Pantis, vice rector of the Aristotle University of Thessaloniki, northern Greece, over charges of breath of faith.
Pantis was accused of a...
Golden Dawn MP Ilias Panagiotaros has told Australian television that the far-right party would like to resemble the Lebanon-based Islamic militant group.
Speaking to the SBS Dateline progra...
Germany's Bjoern Otto recorded the world's leading performance in the men's pole vault at the Athens Street Pole Vault event that took place at Zappio, in central Athens, on Saturday afterno...
PAS Giannina upset PAOK at Thessaloniki on Sunday to take the lead at the Super League play-offs, while Asteras Tripolis rebounded from its loss at Ioannina in midweek to defeat Atromitos at...
One of the biggest problems dragging the Greek economy down is the pressure placed on entrepreneurs aspiring to do business in sectors dominated by the “pirates” and “pimps” of the business ...
Greek taxpayers have had to pay dozens of millions of euros for the restoration and conservation of the capital’s landmark buildings, including Athens Polytechnic and the so-called neoclassi...
