Finance ministers of the euro zone made a show of closing ranks around Greece Monday, with Eurogroup chairman Jean-Claude Juncker saying that no-one had argued for it to leave Europe΄s currency union at their monthly meeting, Dow Jones reported. “The exit of Greece from the euro zone was not the subject of our discussions today,” [...]
Tag Archives | Jean-Claude Juncker
Juncker: Eurozone Didn’t Focus Enough on Greek Growth
The eurozone has focused on helping Greece putting its financial house in order while ignoring the vital question of growth, Eurogroup chief Jean-Claude Juncker said in an interview on Sunday, quoted by AFP. “I believe we have not paid enough attention on the aspect of growth. … We have insisted on cleaning up public finances [...]
Eurozone Formally Approves 2nd Greek Bailout
Eurozone countries formally approved on Wednesday a second, 130 billion euro financing package for Greece that will keep Athens funded until 2014, the chairman of euro zone finance ministers Jean-Claude Juncker said in a statement. “The euro area member states have today formally approved the second adjustment programme for Greece. All required national and parliamentary [...]
Eurozone Approves Launch of Second Greek Bailout
Eurozone finance ministers gave their final approval to a second bailout for Greece today and turned their fire on Spain, demanding it aim for a tougher deficit target this year to get back on track in 2013. Greece, the source of the currency bloc’s debt crisis, swapped its privately held bonds at the weekend for [...]
Eurogroup Call Off Face-to-Face Bailout Talks as Greeks Argue (Again)
Euro zone finance ministers dropped plans on Tuesday for a special face-to-face meeting on Greece’s new international bailout, saying political party chiefs in Athens had failed to provide the required commitment to reform. A source familiar with negotiations on Greece’s 130 billion euro rescue also said conservative leader Eurogroup had yet to sign a commitment to [...]
Jean-Claude Juncker: Eurozone Not Ready to Unlock Greek Bailout
Eurozone finance ministers warned Greece on Thursday that they are not yet ready to unlock a new debt bailout despite an agreement between Greek political leaders on new austerity cuts. Luxembourg prime minister, Jean-Claude Juncker, arriving to chair Brussels talks among the 17 governments in the Eurogroup, said there were too many “points to clear [...]
Jean-Claude Juncker Backs Special Account for Greek Debt Interest
Eurogroup chief Jean-Claude Juncker lent support to a Franco-German proposal to set aside bailout funds for Greece in a special account to cover interest payments on its massive debt. The Luxembourg prime minister told Berlin’s RBB Inforadio that the idea, put forward on Monday at a meeting with Chancellor Angela Merkel of Germany and French [...]
Juncker: No More Help For Greece if Greece Can’t Reform
Eurogroup head Jean-Claude Juncker told Germany’s Spiegel magazine in an interview pre-released on Saturday that help for Greece won’t be coming at any cost and explicitly threatened the country with bankruptcy if it doesn’t get its act together. He said, should Greece fail to implement necessary reforms, then it should not expect acts of solidarity [...]
Juncker Warns That Greek Talks with Private Investors Are in a Difficult Stage
Negotiations to fix a massive write-down with private investors of Greek sovereign debt are at an “ultra difficult” stage, eurozone chief Jean-Claude Juncker said Thursday. “These negotiations are ultra difficult,” the Luxembourg prime minister told school pupils in a blunt address, referring to the key first condition for a global agreement on a second financial [...]
Juncker: Returning to Drachma not an Option for Greece
Jean-Claude Juncker, president of euro-zone finance ministers, said on Wednesday that “2012 will be a decisive year for the euro, but returning to the drachma is not an option for Greece”. He insisted Greece΄s debt woes could be resolved without the country having to exit the currency bloc. Juncker said that should happen in coming [...]
Papandreou Defends Respect for Commitments
Ahead of the Euro Group meeting and the likely concession of the 6th 8-billion euro aid tranche to Greece, former socialist Premier George Papandreou sent two letters last night regarding the conditions that come with the loan. The first letter was sent to the European Council President Herman Van Rompuy, European Commission President Jose Manuel [...]
Elections Likely to Be Postponed
One of the three “inalienable” conditions imposed by the New Democracy leader, Antonis Samaras, to support a national salvation government in Greece, was the date of early elections, which he had helped to ensure would be scheduled for February 19 2012. But with the likely resolution of the problem of Greece’s sixth tranche of aid, [...]
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05 / 24 EU Leaders Tell Greek Voters to Make “The Right Choice”
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05 / 23 A Crisis of Democracy: Greece
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05 / 23 Fearing Eurozone Exit, More Greeks Stop Paying Taxes
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05 / 23 Market Watch: ‘If Greece Exits Eurozone, Replace It With Turkey’
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05 / 23 Pilot Program Allows Immediate Visa for Turkish Tourists on Arrival to Greek Islands
Calendar – Exhibits, Concerts, Fun
- Thessaloniki: 50 Year Anniversary Commemorated of Seferis Literature Nobel Prize May 23, 2012
- ‘Doctors of the World’ International Conference to be Held in Greece May 22, 2012
- Crete is a Mediterranean ‘Treasure’ of Aromatic Plants and Herbs May 22, 2012
- Crete to Export Products to Australia May 21, 2012
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