Greece Debt

Greece on Saturday concluded 12 years of European Union fiscal surveillance that was imposed in return for bailouts after a crushing debt crisis.

Microsoft looks to build a new data centre in Greece as it invests in cloud services infrastructure in the country, a boon to an economy weakened by a decade-long debt crisis and the coronavirus pandemic.

The fear is that India may tread the well-worn paths of other developing countries such as Argentina and Greece who were saddled with sizable foreign borrowings after they failed to balance their budgets.

Greece has successfully exited its final, three-year bailout programme, agreed in August 2015 to help it cope with the continued fallout from a debt crisis.

Greek Prime Minister Alexis Tsipras urged French businesses on Friday to invest in Greece, as it emerges from its debt crisis, and assured them that they would not regret it.

The protest strike in Greece was called by the main public and private sector unions a day before parliament was due to vote on reforms that would unlock the next tranche of funds from an 86 billion euro bailout.

Addressing the debt burden of the beleaguered nation will require "significant debt relief" from European institutions, the IMF said in its annual report on the Greek economy, which includes a debt sustainability analysis.

Greece is required by its euro zone creditors to pass wide-ranging reforms and sell state assets under an 86 billion euros ($92 billion) bailout programme.

Barack Obama arrived in Greece on Tuesday on his last European tour as US president, and Athens said it held out hope that he will use his clout to help persuade the country's creditors to forgive some of its monumental debt.

The largest bookstore in Greece with 118 years of history, Eleftheroudakis, will be closed on September 30 due to the seven-year debt crisis.

The move came after the Greek parliament approved another round of spending cuts and tax increases demanded by international creditors.

Prime Minister Alexis Tsipras said Saturday that Greece will return to the bond markets in 2017, seven years after losing access to the markets due to its debt crisis.

Chancellor Angela Merkel said on Tuesday that a debt haircut for Greece was not possible so long it remains in the euro zone, adding that Germany wanted a quick conclusion of a bailout review.

International Monetary Fund (IMF) Managing Director Christine Lagarde said on Tuesday that her team was continuing to negotiate with Greece "in good faith" over its debt issues.

International Monetary Fund (IMF) Managing Director Christine Lagarde said on Tuesday that her team was continuing to negotiate with Greece "in good faith" over its debt issues.

Greece on Saturday concluded 12 years of European Union fiscal surveillance that was imposed in return for bailouts after a crushing debt crisis.

Microsoft looks to build a new data centre in Greece as it invests in cloud services infrastructure in the country, a boon to an economy weakened by a decade-long debt crisis and the coronavirus pandemic.

The fear is that India may tread the well-worn paths of other developing countries such as Argentina and Greece who were saddled with sizable foreign borrowings after they failed to balance their budgets.

Greece has successfully exited its final, three-year bailout programme, agreed in August 2015 to help it cope with the continued fallout from a debt crisis.

Greek Prime Minister Alexis Tsipras urged French businesses on Friday to invest in Greece, as it emerges from its debt crisis, and assured them that they would not regret it.

The protest strike in Greece was called by the main public and private sector unions a day before parliament was due to vote on reforms that would unlock the next tranche of funds from an 86 billion euro bailout.

Addressing the debt burden of the beleaguered nation will require "significant debt relief" from European institutions, the IMF said in its annual report on the Greek economy, which includes a debt sustainability analysis.

Greece is required by its euro zone creditors to pass wide-ranging reforms and sell state assets under an 86 billion euros ($92 billion) bailout programme.

Barack Obama arrived in Greece on Tuesday on his last European tour as US president, and Athens said it held out hope that he will use his clout to help persuade the country's creditors to forgive some of its monumental debt.

The largest bookstore in Greece with 118 years of history, Eleftheroudakis, will be closed on September 30 due to the seven-year debt crisis.

The move came after the Greek parliament approved another round of spending cuts and tax increases demanded by international creditors.

Prime Minister Alexis Tsipras said Saturday that Greece will return to the bond markets in 2017, seven years after losing access to the markets due to its debt crisis.

Chancellor Angela Merkel said on Tuesday that a debt haircut for Greece was not possible so long it remains in the euro zone, adding that Germany wanted a quick conclusion of a bailout review.

International Monetary Fund (IMF) Managing Director Christine Lagarde said on Tuesday that her team was continuing to negotiate with Greece "in good faith" over its debt issues.

International Monetary Fund (IMF) Managing Director Christine Lagarde said on Tuesday that her team was continuing to negotiate with Greece "in good faith" over its debt issues.