Gov’t, troika in tug-of-war over layoffs

The insistence of Greece’s international creditors, the European Central Bank, European Commission and the IMF — known as the troika — on public sector layoffs is leading to a tug of war with the government, which is focusing on the

ECB representative tells Athens to focus on reforms

Greece would benefit more from speeding up structural reforms than spending time right now on renegotiating its bailout deal with its lenders, European Central Bank executive board member Joerg Asmussen told The Economist Conference in Athens on Monday. “The first

Bulls Retreat on Spain Bailout Plan

Investors gave a thumbs down to Spain’s planned bank bailout, setting off a global market rout that puts the country and the euro zone in a dire position. Spain agreed over the weekend to accept as much as €100 billion

When people’s pride, self respect and love for their country is above any troika’s bureaucratic.

When people’s pride, self respect and love for their country is above any troika’s bureaucratic.

They did everything, not to allow him to put his question and get a straight answer. But, he kept insisting asking an answer: “why people of Ireland have to pay for something they didn’t do”.