Tag: Eurozone crisis
Creditors agree terms to disburse Greece’s 8.5bn bailout funds
EU and IMF thrash out deal following months of disagreements, with funds to be released in July once European parliaments ratify the deal. For the best part of a decade, Greece has wanted to become a normal country, and late on Thursday it appeared to begin that process, after creditors agreed to disburse 8.5bn (7.4bn) […]
No bailout funds for Greece as eurozone finance chiefs fail to agree deal
IMF and eurozone states fail to bridge divide over Greek debt relief raising prospect of a summer crisis for the single currency if Athens misses repayment. Eurozone finance ministers have failed to agree a debt relief plan for Greece, raising the prospect of a summer crisis for the single currency bloc if Athens misses a […]
A year after the crisis was declared over, Greece is still spiralling down
The historic third bailout awarded to Athens after weeks of brinkmanship last year was supposed to have secured its future in the EU. But little has changed In a side street in the heart of Athens, two siblings are hard at work. For the past year they have run their hairdressing business an enterprise that […]
For sale: Greek islands, hotels and historic sites
As privatisation agency chairman, Stergios Pitsiorlas is seen as the right man to expedite disposal of a growing list of assets In Greece today, government power comes with few trappings. Unable to tap capital markets and dependent wholly on international aid, the debt-stricken country’s senior officials are acrobats in a tightrope act. They are placating […]
Eurozone officials hope to give Greece next tranche of bailout
Greeces creditors are still at odds over whether the recession-hit country has taken enough measures to unlock delayed 10bn of bailout funds European officials are preparing to unlock 10bn in bailout money for Greece, as an ongoing row between the countrys creditors threatens to plunge the eurozone back into crisis. Greeces international creditors remain deadlocked […]