Greece will move rapidly to privatise its ports, regional airports and its power grid operator under a memorandum of understanding (MOU) agreed with its international lenders.
According to the 29-page MOU, a copy of which was obta
Greece and its international lenders reached an 85 billion euro ($93.6 billion) bailout agreement on Tuesday after nailing down the terms of new loans needed to save the country from financial ruin.
The deal, which came after 23 h
The International Monetary Fund (IMF) can participate in discussions over the latest financial rescue for Greece but cannot officially join the talks until after the fiscally beleaguered nation has agreed to comprehensive reforms, the Financ
Talks on tying up a new bailout deal for Greece failed to start on Friday (July 24) as had been expected, with officials blaming security worries for delaying the negotiations with international creditors who are detested by many Greeks.
Greece's creditors prepared on Thursday for the start of bailout talks in Athens, after lawmakers adopted a second package of reform measures before dawn despite a left wing rebellion that may bring early elections.
In a sign
Greeks queued outside banks on Monday (July 20) as they reopened three weeks after closing to stop the system collapsing under a flood of withdrawals, the first cautious sign of a return to normal after a deal to start talks on a new package of
The latest paroxysm of Greece's debt crisis has exposed growing rifts in the euro zone which, unless addressed soon, could lead to the break-up of European monetary union, the EU's most ambitious project.
The most worrying
The Greek government ordered banks to open on Monday, three weeks after they were shut down to prevent the system collapsing under a flood of withdrawals, as Prime Minister Alexis Tsipras looked to the start of new bailout talks next week.
Europe has moved to re-open funding to Greece's stricken economy after the parliament in Athens approved a new bailout programme in a fractious vote that left the government without a majority.
The European Central Bank increa
The Greek parliament passed sweeping austerity measures demanded by lenders to open talks on a new multibillion-euro bailout package to keep Greece in the euro, but dozens of hardliners in the ruling Syriza party deserted Prime Minister Alexis T