REUTERS/Francois Lenoir The European Commission called on Greece to defend its economics statistics agency, after doubt was cast on the validity of its data following a court case. The former head of the Hellenic Statistical Authority (Elstat), Andreas Georgiou, resigned a year ago after being charged in 2013 with inflating figures on the Greek budget deficit in 2009. […]

AP Photo/Thanassis Stavrakis Greek Prime Minister Alexis Tsipras buttons up his shirt as he prepares to answer opposition questions in parliament in Athens, on Friday, July 31, 2015. After months of tense negotiation, sensational reports, scathing denials, shuttered banks and capital controls, it looks like Greece is finally about to sign on the dotted line […]

REUTERS/Cathal McNaughton An anti-International Monetary Fund (IMF) poster is stuck to a window in Dublin, July 14, 2011. It looked pretty much like Greece had a deal with its European partners and the International Monetary Fund, but that’s now been thrown into doubt with a massive decision from the IMF board. The Financial Times’ Peter Spiegel got […]

Christian Petersen/Getty Images Greece last week managed to swing €7.16 billion (£4.9 billion, $ 7.7 billion) in emergency funding from Europe after it agreed to harsh austerity measures and a sweeping privatisation programme. In short, Prime Minister Alexis Tsipras folded to the Eurogroup’s demands, just to keep the lights on. But the massive concessions look […]

© AFP John MacDougall German Chancellor Angela Merkel addresses lawmakers in the Bundestag during a parliamentary session in Berlin, on July 17, 2015 Berlin (AFP) – German Chancellor Angela Merkel told parliament Friday that the deal for a third Greece bailout was hard for all sides but the best and last chance to resolve the […]

Reuters/Alkis Konstantinidis A man cycles by fresh anti-EU graffiti in Athens, Greece. It’s about time Greece left the euro — it’s the only way to stop the country falling further into a black hole of debt and a ravaged economy. Greece has too much debt. In fact, it’s “highly unsustainable” according to the International Monetary Fund, and the only way […]

Thomson Reuters The headquarters of the European Central Bank is pictured in Frankfurt FRANKFURT (Reuters) – Greece’s approval of a bailout deal overnight could persuade the European Central Bank to ease its funding squeeze on Athens as soon as Thursday, the first step in reopening banks and returning some normality to its stricken economy. Making […]

Reuters West Berlin citizens continue their vigil atop the Berlin Wall in front of the Brandenburg Gate in this November 10, 1989 file photo. Nomura’s chief economist Richard Koo is seeing parallels between Greece and East Germany, shortly after the fall of the Berlin Wall, right now. In a note sent to clients on Tuesday, […]

Reuters Anti-EU protesters hold Greek national flags on the Tomb of the Unknown Soldier in front of the parliament building during a demonstration of about five hundred people in Athens, Greece July 13, 2015. Britain’s government is trying to stop the country from indirectly giving Greece any more cash as it says that the latest […]