The country is insisting that its creditors take a 40% haircut, or it threatens to declare a unilateral moratorium. Important but self-imposed deadlines are approaching. The country is not Greece but Ukraine. The IMF initially...
Never before has an EU government done so much damage in so little time. In his first 100 days Alexis Tsipras has slammed shut every door and alienated his friends. But the chaos continues, writes...
Greece has agreed to repay its debt to the International Monetary Fund due this week, according to the Fund’s director. Christine Lagarde held informal discussions with Greece’s finance minister in Washington. Greece’s Finance Minister Yanis...
The new Greek government believes it could still convince its international lenders to accept Athens’ terms for a new bailout program. But the writing is on the wall, with the country set to run out...
A ceasefire in Ukraine appears to have been reached, and despite some confusion late yesterday, no compromise has been struck over the new Greek government’s demand that it is recognized that the previous agreements are...
Transparency International has said governments in many OECD nations have become less inclined to fight companies that use bribery to get contracts abroad. It cited budgetary reasons to be behind the backsliding. The anti-corruption watchdog...
Fresh data from the EU’s statistics office have shown that the debt-stricken eurozone has had no problems with keeping inflation in the bloc at a reasonably low level. Individual member states stand out, however. The...
Random checks by inspectors have shown that Greek authorities haven’t been able so far to significantly rein in rampant tax fraud in the country. But drastic sanctions are meant to result in a change of...
Borrowing costs for debt-laden Greece have surged massively as the smallest party in the ruling coalition decided to exit the government. The move raised uncertainty over reforms and the country’s ability to repay debt. Yields...
The biggest lender in debt-stricken Greece, the National Bank NGB, has announced that it raised the necessary amount of private capital to avoid nationalization. It secured even more money than required by law. The National...
The Greek government has admitted the planned privatization of the domestic gas supplier DEPA has had to be postponed. It said no serious bidders were left in the end, with Russia’s Gazprom opting out too....
The crisis in the EU’s southern periphery led to a spike in the number of Spaniards and Greeks seeking jobs in Germany last year. But the influx has been no problem for the labor market,...
