Eurozone Suspends Short-Term Debt Relief for Greece

Eurozone Suspends Short-Term Debt Relief for Greece

(VOVworld)- Greece’s European creditors suspended proposed debt-relief measures for the country after the Greek government surprised them by announcing it would boost welfare benefits for low-income pensioners,...
Eurozone says no more debt relief for Greece

Eurozone says no more debt relief for Greece

(VOVworld) – The Eurogroup head, Jeroen Dijsselbloem, and German Finance Minister Wolfgang Schaeuble warned on Monday that it would be impossible to draw up fresh debt relief for Greece before the...
Consequences from Turkey’s failed coup

Consequences from Turkey’s failed coup

(VOVworld) – An attempted coup conducted by a minority group in Turkey’s army on July 15 has been defeated. Although President Recep Tayyip Erdogan said he has taken control of the...
Greece approves pension and income tax reforms

Greece approves pension and income tax reforms

(VOVworld) – The Greek parliament has approved broad reforms of the country’s pension and income tax systems ahead of Monday’s emergency meeting of eurozone finance ministers and IMF...
EU acknowledges Greece’s economic progress

EU acknowledges Greece’s economic progress

(VOVworld) - The economy in Greece has performed "substantially better" than forecast in its massive bailout deal, the EU said on Thursday, a day ahead of a key meeting of eurozone...
Greece: protests in Athens over pension reforms

Greece: protests in Athens over pension reforms

(VOVworld) - Thousands of demonstrators gathered in Athens on Saturday in solidarity with farmers who have blocked dozens of highways and border crossings in recent weeks in protest over a pensions...
IMF cancels rule created in 2010 to bail out Greece

IMF cancels rule created in 2010 to bail out Greece

(VOVworld) - The International Monetary Fund abolished Wednesday a rule created in 2010 that allowed it to participate in an international bailout of Greece despite doubts about Athen’s debt sustainability
Greece accepts role of IMF in third bailout

Greece accepts role of IMF in third bailout

(VOVworld) - Greece has 'fully accepted' that the IMF will take a role in its third bailout programme, according to the Eurogroup chief Jeroen Dijsselbloem. Athens had previously claimed the Fund...
Greece Approves First Austerity Bill

Greece Approves First Austerity Bill

(VOVworld)- Greece’s lawmakers approved Friday the first bill containing tough austerity measures and economic overhauls agreed under its new bailout program