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Greece

Eurozone Ministers Reject Greece Bailout Extension

The finance ministers of the eurozone have rejected a Greek request to extend the deadline of its bailout program until after a planned July 5 referendum. Eurozone officials, said the finance ministers would continue meeting in an informal session without...

Eurozone Ministers Avoid Greek Talk

Despite wildly varying estimates of whether Greece needs additional aid or is recovering, the country's economic condition was not on the agenda of talks between Eurozone ministers in Lithuania on Sept. 13, the bloc's chairman, Jeroen Dijsselbloem said. He...

Eurozone Ministers OK Euro 8 Billion Greek Loan‎

The finance ministers averted an imminent disaster in Greece, approving the next installment of the country's bailout loan — euro8 billion. Without that money, Greece would have run out of cash before Christmas, leaving it unable to pay its...

Eurozone Finance Ministers Far From Agreement on Fate of Greek Debt as Monday's Meeting Looms

On Sunday the AFP reported that the distance between eurozone finance ministers who are set to meet on Monday, December 5 to discuss the prospects of the third bailout for Greece as well as possible debt relief strategies are...

Eurozone Finance Ministers to Hold May 9 Meeting on Greece

The next meeting of Eurozone Finance Ministers to discuss Greece’s massive bailout will be held in Brussels on May 9, Athens said Thursday. "Eurogroup chief Jeroen Dijsselbloem has informed Greek Finance Minister Euclid Tsakalotos that the meeting will take place...

Schaeuble: 15 Eurozone Finance Ministers Backed Temporary Grexit

German Finance Minister Wolfgang Schaeuble made certain clarifications on his stance toward Greece during an interview with French newspaper Liberation, in Brussels. During negotiations for a third Greek bailout package in July, the German finance minister had proposed to the Greek government a...

EU Finance Ministers: There is No Other Plan But for Greece to Remain in the Eurozone

European Union and eurozone Finance Ministers meeting in Riga was concluded with the common position (regarding Greece) that there is no other plan but Greece to remain in the eurozone. "There is no plan B or C or D...

No Agreement on Primary Residence Protection Delays Eurozone Cash to Greece

The Euro Working Group concluded its meeting on Monday night without an agreement on when the Eurozone will release the first tranche of approximately one billion euros to Greece. This amount of money is the first tranche of approximately €4.8...

Eurozone Eyeing 'Credible' Greece Debt Relief, Says Centeno

Eurozone lenders will put together a debt-relief deal for Greece that will be credible to markets and involve a rescheduling of loans from the second Greek bailout, said Mario Centeno, chairman of the eurozone finance ministers' group, according to...

IMF, Eurozone Seek Last-Minute Deal on Greek Debt

Greece's eurozone creditors and the International Monetary Fund are trying to find a last-minute solution to the country's debt mountain so that the IMF contributes financially to the third bailout program. The Greek rescue program ends on Aug. 20 and...

Eurozone to Move on Greek Debt With or Without IMF: Reports

IMF agreement will not be necessary for a June 21 meeting of eurozone ministers to back Greek debt-repayment measures, it was claimed on Tuesday. Media reports citing an unnamed EU source in Brussels stated that Thursday this week would see...

Handelsblatt: IMF's Lagarde Offers Eurozone Greek Debt Compromise

A new offer by International Monetary Fund Managing Director Christine Lagarde may get Greece's creditors out of the impasse they are in which will allow for the euro zone to release a tranche of aid, says a Reuters report. Lagarde's...

'Strong Push' for Comprehensive Deal by May 22 From G7, Say Eurozone Sources

Discussions on Greece on the sidelines of a G7 finance ministers' meeting and central bankers in the Italian city of Bari on Friday concluded with a decision to give a “strong push” for a comprehensive agreement by May 22,...

EU’s Juncker: Eurozone Lenders and Greece Should Achieve Technical Deal by April 7

European Commission President Jean-Claude Juncker said on Friday that eurozone lenders and Greece should reach a technical deal before a meeting of eurozone finance ministers on April 7, as reported by Reuters. The IMF is pushing Greece on the contentious...

Greece Among Top 3 Big Spenders of the Eurozone

Greece's state expenditure is 55 percent of the country's GDP, one of the biggest spenders of the Eurozone despite austerity. The only other two countries with higher government expenditure are France and Finland. The revelation is based on a...