Athens is buying back government bonds
from its private creditors at steep discounts to an effort to secure its next round of EU/IMF aid.
Faced with tax hikes, subsidy slashes and personal bankruptcy, those who want to pursue the arts during times of financial crisis have to get creative. In Athens, a few have done just that.
Chinese Prime Minister Li Keqiang is continuing his tour of Europe with a two-day stay in Greece, marking the first high-level visit to this eurozone nation in four years. Athens hopes for large-scale investments.
German Chancellor Angela Merkel's visit to Athens was a sign of support for the Greek government's austerity measures. But experts warned that the country had not overcome its financial crisis.
Greece is currently urging the IMF and the EU Commission to extend its debt repayment period and a cut in interest rates, claiming that it has achieved a primary surplus. But economists come up with different numbers.
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