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Eurogroup

Greece's Creditors Insist on Austerity Measures

The Greek government is preparing a new list of measures to appease creditors in order to unlock financial aid in the April 24th Eurogroup. Greece's creditors insist on several austere measures such as raises in value added tax, cuts in supplementary...

Greece-EU Negotiations to Continue Until Late April With No Pressure, Greek Officials Say

The Greek government has signaled an end to the alarm regarding the possibility of running out of cash if an agreement is not reached with its partners until April 9, when it is scheduled to repay some 450 million...

Greek Government will not Raise VAT in Tourism and Staple Goods

The Greek government will not raise the VAT in tourism and staple goods, according to a document co-signed by Finance Minister Yanis Varoufakis and Alternate Finance Minister Nadia Valavani, and was submitted to Parliament on Friday as an answer...

EU: No Disbursement of Funds to Greece Before Agreement

While the Greek government is optimistic that creditors will release part of the tranche of financial aid before the Greek Orthodox Easter (April 12), Euro Working Group sources in Brussels say that this is impossible. Athens expects that the two...

April 8-9: Two Crucial Days for Greece

April 8-9 are two crucial days for Greece: On April 8 the Euro Working Group will convene to review the list of proposals sent by the finance ministry and on April 9 Athens has a 448-million-euro payment due to...

Greece Submits New List of Economic Reforms to Creditors

The Greek Government proposed a new list of economic reforms to its creditors today. The 26-pages-long list covers taxation, privatizations, Greece’s public sector, its labour market and healthcare, among others. The list was firstly obtained by The Financial Times and journalist...

Euro Working Group Teleconference on Greece Produces No Decisions

With no significant decisions, as expected, concluded the Euro Working Group (EWG) teleconference about Greece. According to a Eurozone source the discussion between the single currency's Deputy Finance Ministers lasted less than two hours and the member states' representatives...

Yanis Varoufakis: "Greece Will Adopt the Bitcoin If Eurogroup Doesn't Give Us a Deal"

While Greece's lenders are pushing the Greek government to accept their terms in order to allocate funds so the country will not go bankrupt, Greek Finance Minister Yanis Varoufakis seems to have another ace up his sleeve. The second top thinker in the...

Greek Govt Spokesman Optimistic Over Negotiations, EC President Tusk Says Solution After Easter

SYRIZA-led government spokesman Gavriil Sakellaridis expressed his optimism earlier today that the negotiations between Greece and its creditors "will have a positive outcome." In an interview to Greek television, Sakellaridis underlined that a Eurogroup meeting "should take place soon," and that...

Uncertainty in Brussels Over Greece-Creditors Negotiations

The progress of negotiations between Greece and its creditors in Brussels has created uncertainty as technocrats insist that the Greek government must rush things for the release of further aid while European Union sources say that there will not...