Eurozone
Economy
Greek PM Tsipras: We Won a Battle, Not the War
In his address to the Greek people, Prime Minister Alexis Tsipras stressed that yesterday’s Eurogroup agreement with the country’s European loan partners was an “important success,” signaling the end of austerity and the bailout program. Although, as he underlined, the difficult part...
Economy
German FinMin Schaeuble: Greeks Will Find it Difficult to Explain the Deal to Voters
Greece and the Eurozone finally managed to bridge the gap regarding the country's bailout program and they reached a new deal that entails a four-month extension of the loan agreement without new austerity measures and a commitment that no unilateral actions...
Economy
Eurogroup President: First Steps Made to Restore Trust Between Greece, Eurozone
Eurogroup President Jeroen Dijsselbloem said on Friday significant steps were made to restore trust between Greece and the Eurozone, following an agreement on the country’s loan extension during a Eurogroup meeting in Brussels.
The Dutch official said the Greek request for a...
Economy
Eurogroup Statement on Greece; Four-month Loan Extension Agreement
Greece and Eurozone reached a new deal that entails a four-month extension of the loan agreement without new austerity measures and a commitment that no unilateral actions will be taken.
The newly elected SYRIZA-led Greek government is trying to balance...
Economy
Greek and Eurozone Officials Leak that Eurogroup Reaches an Agreement
The nineteen Eurozone Finance Ministers appear to have reached an agreement at the Eurogroup meeting being held now in Brussels. The agreed drafted outline will form the basis for keeping liquidity flowing to Greece, while extending the country’s bailout...
Economy
American Economist Krugman: Europe Needs to Stop the Clock in the Greek Case
Acclaimed American economist and Professor of Economics and International Affairs at Princeton University Paul Krugman stressed in an article with the New York Times that what Europe currently should do while dealing with the Greek crisis is to "stop the clock"...
Economy
German Chancellor and French President: Greece Must Remain in the Eurozone
German Chancellor Angela Merkel and French President Francois Hollande, just a few hours ahead of the Eurogroup meeting being currently held in Brussels in order to strike an agreement over the Greek program, expressed their firm belief that Greece is...
Economy
Greek FinMin Varoufakis: We Can't Accept the Fiscal Adjustment Signed by the Previous Govt
Greek Finance Minister Yanis Varoufakis is currently holding the third and most crucial of a series of meetings with his Eurozone counterparts in Brussels in an attempt to strike a deal regarding the future of the Greek program.
The talks...
Economy
Greek PM Tsipras Confident for a Historic Political Decision Taken by the Eurogroup
The Greek Prime Minister expressed his optimism that Greece will finally strike a deal with the country's European partners only a few hours ahead of the crucial Eurgroup meeting currently taking place in Brussels with the participation of 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...