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Troika demands News

Creditors present Greece with draft for a debt deal

Athens - The Troika of the European Commission, the European Central Bank(ECB) and International Monetary Fund(IMF) have presented Greece with a draft agreement on terms of the bailout loan.

Op-Ed: Greece adopts losing tactics in debt negotiations up to now

Athens - An article by Anatole Kaletsky suggests that although Greece is the weak party in negotiations for a new debt deal and Germany strong, if the two parties focus on what matters most to them, a deal that is positive for both could be negotiated.

Op-Ed: Greek markets plunge as Grexit appears more likely

Athens - German chancellor Angela Merkel has ruled out any write off of Greek debt, claiming that banks and creditors have already made substantial cuts. At the same time she insisted that she wants Greece to stay in the Eurozone.

Op-Ed: Greek negotiations with troika on hold as crisis continues

Athens - Prime Minister Antonis Samaras faces continuing problems negotiating with the Troika (European Commission, International Monetary Fund and European Central Bank) as he attempts to obtain the next portion, approximately $1.5 billion. of a bailout package.

Greece considers scrapping €5,000 income tax-free threshold

Athens - The latest austerity measure under consideration by the Greek coalition government is to scrap the €5,000 income tax-free threshold, ensuring the burden of extra taxation hits the poorest in Greek society,

Samaras: Greece needs 'breathing space' to implement more cuts

Athens - As Greek Prime Minister Antonis Samaras prepares for a meeting with Euro Group President Jean-Claude Juncker on Wednesday, he told German newspaper Bild Greece needs "breathing space" to implement further spending cuts and reforms.

Greek coalition government bows down to Troika demands

Athens - The deadlock between party leaders in the coalition government over further proposed budget cuts has been broken, as all three leaders reached an agreement to adhere to the demands of the Troika.

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