International creditors praise Greece's new proposal

International creditors praise Greece's new proposal

(VOVworld) – New proposals from Greece to resolve the debt crisis have been positively received by the three international creditors, the European Union (EU), the International Monetary Fund (IMF) and the European Central Bank (ECB...
Greece submits new reform plan

Greece submits new reform plan

(VOVworld) - Greece introduced a new reform plan to its EU-IMF creditors on Tuesday before Prime Minister Alexis Tsipras’s warning that the lack of a deal would lead to...
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 on the verge of bankruptcy

Greece on the verge of bankruptcy

(VOVworld)- Greece’s central government has run out of money to pay debts now falling due. Meanwhile, negotiations for an aid package from the International Monetary Fund, the European Central Bank...
IMF will not allow Greece to delay its payments

IMF will not allow Greece to delay its payments

(VOVworld)- Christina Lagarde, Managing Director of the International Monetary Fund, said Thursday that the IMF will not allow Greece to delay payment of the 2.5 billion euro loan scheduled...
EU sets date for Greece's list of reforms

EU sets date for Greece's list of reforms

(VOVworld) - The European Union has given Greece up to April 20 to present a list of reforms which, if found acceptable, would unlock the final tranche of aid funds promised...
German-Greek relations: concurrent challenges

German-Greek relations: concurrent challenges

(VOVworld) – During the Greek Prime Minister’s first visit to Germany since he took office, Alexis Tsipras and German Chancellor Angela Merkel discussed Greece’s debt crisis and measures to boost bilateral...
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...