Eurogroup
Economy
Germany Opens Door to Last-Minute Deal Between Greece and Creditors
The German government seems to have opened the door for a last-minute deal between Greece and its international creditors, said the German spokesperson for Chancellor Angela Merkel.
According to a report in Germany's The Local, Greece's request for a loan...
Economy
Greek Bank Deposit Outflows Continue at Alarming Level
Greek depositors withdrew over 1 billion euros from their bank accounts in the last two days, bringing deposit outflows to the January high levels.
In January -- month of snap elections -- a total 12 billion euros were withdrawn from...
Economy
Top Economists and Academics Urge EU for Agreement with Greece
Eighteen top economists and academics, including two Nobel prize winners in economics, have signed a joint statement, published in The Financial Times, expressing the opinion that the European Union should reach an agreement with Greece.
At the same time, the...
Economy
Greek PM Tsipras – German Chancellor Merkel Hold 'Constructive' Telephone Conversation
A constructive fifty-minute telephone conversation between the Greek Prime Minister Alexis Tsipras and the German Chancellor Angela Merkel was held on Thursday afternoon, only a few hours ahead of today’s crucial Eurogroup meeting in Brussels. According to a Greek...
Economy
Read the Greek Loan Agreement Six-Month Extension Request Letter
Earlier today, Greek Finance Minister Yanis Varoufakis sent a letter to Eurogroup President Jeroen Dijsselbloem, explaining Greece's proposals and reasoning for the continuation of the country's loan agreement. Germany's immediate rejection of the Greek proposal has widened the gap...
Economy
Germany Rejects Greek Loan Agreement Extension Request
The German government has rejected the Greek loan agreement extension request, submitted earlier today. According to the German reasoning, Greece's proposal does not meet the Eurozone's conditions for continuing the aid program.
Greece's request to the Eurozone aims at a...
Economy
Semantics Important in Greece's Bailout Extension Compromise
Greece submitted today its proposal to euro zone partners requesting a six-month extension to the existing loan agreement.
However, the phrasing is of much importance to the Greek government. Prime Minister Alexis Tsipras has spoken of an "honest compromise." Athens...
Economy
Greek PM Tsipras: The Current Bailout Program Is Dead
The current Greek bailout program is over and austerity measures included in it have failed, Greek Prime Minister Alexis Tsipras told Stern magazine in an exclusive interview published on the magazine’s website on Wednesday.
"To us, the old austerity program...
Greece
Greece's Negotiation Plan: 6-Month Bailout Extension; No Memorandum
Greece's government is planning to request a six-month extension of the 240 billion-euro loan set to expire at the end of February, but without extending the current memorandum and its austerity measures previous Greek governments had signed as part...
Economy
Greek PM Tsipras: We Want a Solution, Not Rift
In three weeks we did not manage to overcome our problems, "although the citizens no longer feel the scorn and irritation," Greek Prime Minister Alexis Tsipras highlighted in his opening speech addressing SYRIZA's Parliamentary Group earlier today.
Tsipras reiterated that the Greek...