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Greece

Euro Working Group Head Thomas Wieser Labels IMF Demands 'Ridiculous'

In an interview with Austrian newspaper "Salzburger Nachrichten," Euro Working Group Head Thomas Wieser expressed his positive outlook for Greece in the upcoming June 15 Eurogroup and at the same time didn't hesitate to label the excessive demands of...

Grexit Now 'Off the Table' Says EWG's Thomas Wieser at Delphi Economic Forum

"Grexit is now off the table," the head of the Eurogroup Working Group Thomas Wieser said on Friday, while speaking at the Delphi Economic Forum taking place at European Cultural Centre of Delphi between March 2-5. If all sides...

EWG's Wieser: No Greek Deal by Next Week, But it Will be Achieved

Greece and its European creditors will not reach a comprehensive agreement by next week, as it was expected, the chairman of the Eurogroup Working Group (EWG), Thomas Wieser, told US TV channel CNBC on Tuesday, but expressed confidence that...

Varoufakis' Tenure 'Cost Greece €200B'

The six-month reign of Yanis Varoufakis at the Greek Finance Ministry in the first half of 2015 cost the country about €200 billion ($246 billion), Thomas Wieser, former president of the Eurogroup Working Group has claimed. Speaking at the Delphi Economic...

Greek Reforms Cut 'Gross Imbalances and Mistakes'

It was only in the last year of Greece’s bailout that the SYRIZA administration embraced the program, Thomas Wieser, outgoing president of the Eurogroup Working Group responsible for Greece has said. In an interview on his departure from the post...

Greece Planning €19B 'Safety Net' to Avoid More Loans

Greece is drawing up plans for its own €19-billion ‘safety net’, to avoid the need for more credit from international lenders, Athens' finance minister has said. Euclid Tsakalotos said the government wanted a clean break from its bailout program later...

Euro Working Group Head Blames Politicians for Greek Crisis, Supports Debt Relief

In an interview with the Athens News Agency, Austrian economist and outgoing chief of the Eurogroup Working Group (EWG) Thomas Wieser blames Greek politicians for the 2008 financial crisis in the country and says he supports Greek debt relief. Asked whether...

Greece Eyes €19B Cash Buffer to Help Bailout Exit: Reuters

Greek officials have told Reuters that Athens is eyeing a multi-billion-euro cash fund to meet debt repayments following August’s planned departure from the country’s bailout program. The news agency quoted an unnamed Greek official saying the €19 billion ($23 billion)...

Greek Parliament Backs Controversial Reforms

Greek lawmakers on Monday night passed a series of controversial economic reforms amid strikes and protests in the capital, Athens. After hours of debate, lawmakers eventually backed the so-called omnibus bill with 154 voting in favor and 141 against. Today's vote...

Greek Governance Criticized by Eurogroup Official

A senior EU official has told a Greek newspaper that the root of the country’s crisis was not fiscal, but administrative. In a wide-ranging interview with Kathimerini’s Sunday edition Thomas Wieser, outgoing president of the Eurogroup Working Group (EWG) also...

EU Official: Greece Needs New Agreement with Creditors on Debt Relief

A senior EU official has warned that additional debt relief for Greece will require a new agreement with the creditors. In an interview published by Kathimerini on Sunday, Thomas Wieser , outgoing president of the Eurogroup Working Group (EWG) said...

EWG Chief: Greece to Remain Under Strict Supervision for Years

Greece will remain under strict supervision by its creditors for years, said the head of the EuroWorking Group, Thomas Wieser. In an interview with Ethnos newspaper, Wieser emphasized that he would not be around; in the commission, to see the...

Eurogroup Chief Arrives in Greece for First Time after Enigmatic Handshake with Varoufakis

Eurogroup President Jeroen Dijsselbloem is to arrive in Greece on Monday for talks with Finance Minister Euclid Tsakalotos as a prelude to the third review of the bailout program. The Dutch economist will be accompanied by the head of the...

Top EU Officials Involved in Greece's Bailout to Change in Autumn

Mission chiefs of Greece's creditors are likely to change in the autumn, one year before the completion of the bailout program, a Kathimerini report says. Declan Costello, chief representative of the European Commission for Greece's bailout program, is likely to...

President of Euro Working Group Estimates Greece Can Tap into International Markets by 2018

Thomas Wieser, President of the Eurogroup Working Group told Austrian based ORF radio, on Saturday that his hope is that Greece can tap into international markets by spring 2018. "It is my hope that it will happen from autumn 2017 or spring 2018 that foreign...