greek

 
 

Greek PM vows not to repeat past economic mistakes

STRASBOURG, Sept 11 — Greek Prime Minister Alexis Tsipras vowed today not to repeat the “mistakes and behaviour of the past” that led his country to the brink of financial collapse. Tsipras told the European Parliament that Greece would…


Greece says fiscal success means pension cuts, tax hikes not needed

THESSALONIKI, Sept 9 — Prime Minister Alexis Tsipras, seeking re-election next year, said today that Greece would not need to cut pensions or raise taxes as planned because it was beating the budget targets agreed with its lenders. Tsipras, a…


Former Eurogroup head Dijsselbloem says demands on Greeks were too heavy

AMSTERDAM, Sept 2 — Euro zone countries have asked for too much from the Greek people in return for international bailout loans, former Eurogroup chief Jeroen Dijsselbloem said in an interview on Dutch television yesterday. “On reforms, we have…


Tsipras declares “day of liberation” after Greece leaves bailout

ATHENS, Aug 21 — Prime Minister Alexis Tsipras hailed the end of a “modern-day Odyssey” today after Greece emerged from nine years of bailouts, saying it should never forget the harsh lessons learned under tight financial supervision by its…


Greece emerges from bailouts relieved, but not euphoric

ATHENS, Aug 19 — The youngest Greeks may not be able to remember what life was like beforehand: The third and last of the country’s international bailouts comes to an end tomorrow, and while Greece is faring better, it still bears the scars of…


Turkey doubles tariffs on some US imports; lira rallies

ISTANBUL, Aug 15 — Turkey doubled tariffs on some US imports including alcohol, cars and tobacco today in retaliation for US moves, but the lira rallied further after central bank’s liquidity moves had the effect of supporting the currency….


Euro traders await more signs of Turkey pain with banks at risk

LONDON, Aug 12 — There is little sign that the euro is about to turn around its rough patch against the dollar as concerns over the exposure of the region’s banks to Turkey ratchet up and bund yields slide back toward the lower end of their…


Greece gets last 15 bln euro bailout tranche as crisis nears end

BRUSSELS: Greece received the final 15-billion-euro payment from its eight-year bailout programme in what creditors hailed as proof that tough austerity measures were ‘paying off’. The payout by the European Stability Mechanism (ESM), the eurozone’s bailout fund, comes ahead of the formal end on August 20 of Greece’s third financial rescue package since 2010. The […]


Pepsi’s first female CEO to end 12-year run, replaced by insider

NEW YORK, Aug 6 — Indra Nooyi is stepping down as chief executive officer of food and beverage giant PepsiCo Inc, handing the reins to a top lieutenant in a transition that will draw attention to the dearth of prominent female CEOs in corporate…


Greece prepares to fly solo on bond markets

LONDON: Once the outcast of European bond markets, Greece appears firmly on the road to redemption. After years of austerity, the expiry of an 86 billion euro (US$100 billion) bailout in August will mark the end of an era in which Greece defaulted, 10-year yields topped 40 per cent and the country came perilously close […]