Eurogroup

The May 22 Eurogroup transcripts leaked to Euro2day.gr news site indicate that the International Monetary Fund is not convinced of the Greek debt sustainability and the conclusion of the bailout program review is still in the air. The website presents...

Greece will not need any debt relief from the euro zone if it keeps achieving a primary surplus of above 3% of GDP for 20 years, according to the European Stability Mechanism, Reuters said. Reuters cites a confidential document prepared...

The damping of toxic loans has finally started in Cyprus. The Bank of Cyprus recently sold 50 corporate toxic loans in an attempt to veneer over its appalling reputation for issuing bad loans. This act puts the Cyprus government...

Responding to the disappointing Eurogroup outcome on Greece, the Socialists and Democrats Group in the European Parliament on Tuesday directed stinging criticism at German Finance Minister Wolfgang Schaeuble and accused him of behavior that was contrary to the interests...

Until Monday, every monthly Eurogroup since last autumn was branded as "crucial" by the Greek government. Other than crucial, every meeting of the euro zone finance ministers was considered the meeting where creditors would concede to the "hard negotiating...

Greece's short-dated state bond yields rose sharply on Tuesday after Greece and creditors failed to agree on closing the bailout program review and debt relief measures, Reuters says. The Greek government urgently needs the next rescue loan tranche in order...

Finance Minister Euclid Tsakalotos expressed the joint belief of all Eurogroup participants on Monday that an overall agreement on Greece -- including both the release of the next loan tranche and the prospect of a debt relief -- is...

An 8-hour Eurogroup session that finished late Monday night in Brussels slashed Greece's hopes for immediate debt relief after Eurozone's finance ministers made no deal on Greece’s loans. Contrary to a climate of euphoria the Greek government tried to create after the...

"I expect and am working on a deal today but it will not be the 'end deal.' We've always said that the final, concrete decision on extra debt relief measures will come at the end of the programme, which...

Finance Minister Euclid Tsakalotos expressed his optimism that the way for a good and final solution for the debt and the country inclusion in ECB's quantitative easing programme can open on Monday's Eurogroup, in an exclusive statement to Athens...