Greece

IMF finds $11bn black hole in Greek finances and warns of new write-off

 IMF finds $11bn black hole in Greek finances and warns of new write-off

Recession continues in Greece as unemployment hits 27%, but flickering growth returns elsewhere in EU

* Larry Elliott * The Guardian, Wednesday 31 July 2013

The International Monetary Fund warned the eurozone yesterday that it may be forced to write off a chunk of Greece's debt after identifying an $11bn black hole in the finances of the recession-stricken country.

Greece Has Already Spent 75% Of Its Bank Bailout Cash

Greece Has Already Spent 75% Of Its Bank Bailout Cash

Submitted by Tyler Durden on 07/30/2013 

 

Eurozone taxpayers and the IMF are left wondering what their bailout funds have been spent on in Greece.

Progress and Problems for Greece

 Progress and Problems for Greece

Alkman Granitsas, Wall Street Journal, 29 April 2013

ATHENS—Greece's efforts to overhaul its dysfunctional bureaucracy still remain a work in progress, a new report showed Monday, underscoring the major challenges Athens still faces even as it rushes to secure new aid from international creditors. Despite renewed efforts in the past several months to both corral public spending and revamp its public sector, the latest report by the European Commission's Task Force for Greece warns that the country's ability to return to growth—after more than five years in recession—will depend on continued public-sector reforms.

Meet the 'unflinching' Greek Presidential Guard

Israel, US and Greece complete joint naval exercise

 Israel, US and Greece complete joint naval exercise

by Staff Writers
Jerusalem (AFP) March 21, 2013

Israeli, Greek and US warships concluded a joint two-week Mediterranean naval exercise codenamed "Noble Dina" on Thursday, the Israeli military said.

‘Greek’ Expectations: broaching the case for a European Exclusive Economic Zone

‘Greek’ Expectations: broaching the case for a European Exclusive Economic Zone

Mar 14 2013

Vassilis Paipais
The idea of a European Exclusive Economic Zone (EEEZ) is still at an embryonic stage.

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