Eurogroup
Economy
Eurogroup to Focus on Greek Debt Relief, Contingency Measures Mechanism
The contingency mechanism to correct fiscal divergence and Greek debt relief will be the focus of today's (Monday) meeting of euro zone finance ministers.
Greece goes to the emergency Eurogroup in Brussels after the tax and security fund reforms were voted...
Economy
Greek Govt Votes in Favor of Tough Pension-Tax Reforms
Greek Parliament debated a set of tough economic pension and tax reforms on Saturday and Sunday. The 300-strong Parliament voted for the bill with 153 in favor, 143 against.
Ruling leftist SYRIZA Prime Minister Alexis Tsipras pointed to the hard work...
Greece
Bloomberg: EC Leaks a New Memorandum for Greece
A draft proposal by the European Commission to break the deadlock on a new debt deal for Greece was leaked on Saturday, ahead of an emergency Eurogroup meeting of Eurozone finance ministers on Monday. The leaked report calls for...
Economy
Telegraph: Greek Debt Crisis Threatens to Flare Up Ahead of Brexit
The Telegraph spotlights Brexit dangers posed by debt talks between Greece and its embattled creditors as they meet to discuss the 86-billion-euro bailout package approved last summer. The British newspaper points to the looming Brexit referendum in the UK,...
Economy
Jean-Claude Juncker: Greece Has Achieved Reform Goals, Time for Debt Relief
European Commission President Jean-Claude Juncker said that Greece has "basically achieved" the objectives of the reforms required by its eurozone partners and international creditors. During an interview published in the German newspaper Funke Mediengruppe on Sunday, he said the...
Economy
Leaked Letter: Greek FinMin Urges Eurogroup to Recall Contingency Measures
Greek Finance Minister Euclid Tsakalotos reportedly sent a letter to his Eurozone counterparts, ahead of a Eurogroup meeting on Monday, warning that it is not possible for contingency measures worth 3.6 billion euros to be imposed.
The letter, exposed by...
Economy
Greek Parliament Discusses More Austerity Amid Strikes
Greece halted to standstill with a snap 48-hour public-sector strike on Friday and Saturday ahead of a vote by the country's left-led SYRIZA government on proposed tax changes late on Sunday. Amid the strike action, a bill discussed in...
Economy
IMF Chief Urges Europe to Offer Debt Relief to Greece
The International Monetary Fund (IMF) will not participate financially in Greece's third bailout unless European creditors offer the country debt relief, said the Fund's chief.
IMF Managing Director Christine Lagarde sent a letter to Eurozone Finance Ministers ahead of Monday's...
Economy
Dijsellbloem: Political Agreement Is the Aim of May 9 Eurogroup
Achieving a "political agreement" on the Greek debt relief issue is the goal of the May 9 Eurogroup, said the Eurozone Finance Ministers chief Jeroen Dijsellbloem.
This is emphasized on the draft agenda released today by the Eurogroup President.
"The Eurogroup will...
Economy
European Central Bank Lowers ELA for Greece Ahead of Eurogroup
The European Central Bank (ECB) has lowered the borrowing ceiling to Greek banks by 300 million euros on Thursday.
The Emergency Liquidity Assistance mechanism (ELA) was lowered to 69.1 billion euros on Thursday, the ECB said after accepting a request made...