With talks over a bailout for Cyprus going on for months, former Eurozone chief Jean-Claude Juncker said that a deal must be reached almost immediately because the island’s government is nearly bankrupt because of its banks large expose to devalued Greek bonds. The 17 finance ministers of the Eurogroup are meeting on March 15 to [...]
Tag Archives | Jean-Claude Juncker
Eurogroup Approves 9.2 Billion Euro Tranche for Greece
Eurozone finance ministers approved a 9.2-billion-euro loan tranche for Greece on Monday. Eurogroup – as expected – focused on who will preside over its regular meetings in the future. The ministers formally elected the Dutch Finance Minister Jeroen Dijsselbloem as the next President of the group, which comprises the finance ministers from 17 Eurozone countries. [...]
Juncker Says Cyprus Worse Off Than Greece
The fiscal situation in Cyprus, the fifth Eurozone nation to seek a bailiout is “more serious than Greece,” a danger overlooked by markets, the financial bloc’s chief Jean-Claude Juncker said. “My priority in the short-term for 2013 is Cyprus,” Juncker told reporters in Brussels. “It’s a problem one shouldn’t underestimate, because it’s more serious than [...]
Eurozone OK’s Rescue Loans For Greece
It took a long time, but finance ministers of the 17-nation Eurozone, after months of wrangling with Greece, on Dec. 13 agreed to release a first series of 34.3 billion euros ($46.7 billion) almost immediately, and another 14.8 billion euros ($19.3 billion) by March of 2013. “The meeting is over. The release of the financial [...]
Juncker Says Greek Loan Coming
Eurozone chief Jean-Claude Juncker told reporters he’s confident Greece will get final approval for a 34.4 billion ($44.7 billion) installment from international lenders when the bloc’s finance chiefs meet in Brussels on Dec. 13. He would not comment on a 10 billion euros ($13 billion) bond buyback Greece is attempting in a bid to cut [...]
Eurozone Talks Break Down, No Aid for Greece Yet
After 12 hours of talks in Brussels between Eurozone finance chiefs and International Monetary Fund Managing Director Christine Lagarde failed to reach an agreement on how to manage Greece’s runaway debt and unlock a long-delayed $38.8 billion loan, Prime Minister Antonis Samaras said he would meet with the financial bloc’s leader, Jean-Claude Juncker. A dismayed [...]
Juncker Says Euro Zone Threats do Not Help Greece
Eurogroup President Jean-Claude Juncker took aim at Austria, Germany and the southern German state of Bavaria on Saturday for suggesting that a Greek exit from the euro zone was looming. “Threats in the Austrian, German or Bavarian language that Greece will soon leave the euro zone do not do Greece any good,” he said in [...]
Lagarde Assures All Partners Have Same Aim to Rescue Greece
The International Monetary Fund (IMF) has given an assurance that “all partners share the same objective” to rescue Greece’s economy. “All partners share the same objective and concern to make sure Greece is back on track and can return to economic stability as soon as possible,” its managing director Christine Lagarde said on Wednesday, even [...]
Eurozone to Meet Again on Greek Aid, Clashes with IMF
Eurozone finance ministers agreed Monday to meet again November 20 to clear the way for a long-delayed Greek aid payment, but a proposal to change its debt reduction deadline sparked the ire of the International Monetary Fund. Eurogroup head Jean-Claude Juncker said Greece has made progress on its commitments to reduce debt and the public [...]
Eurozone Greek Conference Call Set for Wednesday
Eurozone finance ministers will hold a conference call Wednesday on Greece, which is seeking the long-delayed payment of debt rescue funds to avoid bankruptcy next month, a spokesman said. A conference call on Wednesday has been confirmed, said a spokesman for the head of the eurozone finance ministers’ group, Jean-Claude Juncker, adding that “for the [...]
Eurogroup: IMF Says Greece Must Do More Before Loan Disbursement
Greece’s official creditors failed to make any visible headway Monday in averting the country’s looming debt crunch, drawing a diplomatic veil over suggestions of “heated” exchanges at their latest meeting. International Monetary Fund Managing Director Christine Lagarde and EU officials praised the government of Prime Minister Antonis Samaras for taking politically courageous decisions to bring [...]
Decisions on Aid Plan in Second Half of October
Jean-Claude Juncker, the head of the eurogroup of finance ministers, says Greece will not learn whether it΄s done enough to get its next batch of bailout cash for at least a month. Juncker says Friday at an informal meeting of euro finance ministers in the Cypriot capital that decisions on Greece will not likely be [...]
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Calendar – Exhibits, Concerts, Fun
- Greece Celebrates International Museum Day on May 18 May 18, 2013
- Edessa Cherries, Wine For Gastronomy Fair May 17, 2013
- Greek Choreographers Festival In Thessaloniki May 17, 2013
- Taxidi Exhibit 2013 Opens in Cyprus May 16, 2013
