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Eurogroup

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...

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 In January -- month of snap elections -- a total 12 billion euros were withdrawn from...

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...

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...

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...

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...

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...

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'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...

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...