Greece to run out of money in a few weeks

Greece to run out of money in a few weeks

(VOvworld) - Greek Finance Minister Yanis Varoufakis warned on Monday that Greece could face a cash crunch within two weeks, and was in urgent need of the last tranche of rescue...
Greece faces numerous challenges

Greece faces numerous challenges

(VOVworld)- Eurozone finance ministers have approved reform proposals submitted by Greece in order to obtain a four-month extension of its bailout. The extension will help Greece avoid bankruptcy but at...
Greece optimistic about new deal with EU

Greece optimistic about new deal with EU

(VOVworld) – Greek Prime Minister Alexis Tsipras said on Monday he is optimistic about reaching compromise with European partners on Greece’s massive international bailout
Greece’s new cabinet line-up announced

Greece’s new cabinet line-up announced

(VOVworld) – Greek Prime Minister Alexis Tsipras has announced his new cabinet with Yanis Varoufakis as Finance Minister and Panos Kammenos as Defence Minister
IMF downgrades global growth forecast

IMF downgrades global growth forecast

(VOVworld) – The International Monetary Fund (IMF) has lowered its forecast for global economic growth for this year and next year. The IMF now expects growth of 3.5 per cent this...
Greece assumes EU presidency

Greece assumes EU presidency

(VOVworld) - Greece on Wednesday assumed the six-month rotating presidency of the European Union, as its economy faces brighter prospects
Eurozone’s longest recession ends

Eurozone’s longest recession ends

Data from Eurostat, the European Union's statistics office, on Wednesday showed that the Eurozone’s GDP grew 0.3% in the second quarter, ending its longest recession since its...
Gloomy European economy

Gloomy European economy

(VOVworld)- A conference opened in London on Thursday to discuss the future of Europe in the global economy. As the public debt crisis enters its third year and Europe continues to suffer...