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Greece

Eurogroup's Dijsselbloem: No IMF in Greek Bailout, No Netherlands

  Only one day after Eurogroup's Jeroen Dijsselbloem stated that the IMF's take on the Greek debt was "unnecessarily Pessimistic," the finance minister warned that without the Fund's participation in the Greek bailout, the Netherlands would also withdraw. He stated that...

Dijsselbloem's Spokesman Clarifies That 'Social Security Measures' Concern Minimum Guaranteed Income

Michel Reijns, spokesman of Eurogroup's chief Jeroen Dijsselbloem, made clear on Wednesday that the statement regarding "social security measures" does not concern pension reforms, but the minimum guaranteed income. Dijsselbloem had informed the Dutch lawmakers on Tuesday that measures concerning...

'We did not Try to Delay the Review' Says Tsakalotos, Briefing MPs on Eurogroup

Pointing out the difficulty of briefing Parliament while the negotiation was still ongoing and nothing was finalized, Tsakalotos said the prime minister's speech a few days earlier had explained a number of points concerning the Eurogroup's decision on February...

Eurogroup Outcome Negative for Greece

Greece's efforts to unlock negotiations on the bailout program review have failed as euro zone finance ministers on Thursday did not set a date for creditors' representatives to return to Athens and resume negotiations. Furthermore, during the Eurogroup Greek Finance...

Eurogroup: Greece Must Implement Reforms as Cyprus Makes Progress

The Eurogroup that took place on Saturday discussed among other topics, the developments surrounding Greece and Cyprus. During a press conference after the meeting, Eurogroup President Jeroen Dijsslebloem said that the interim Greek Finance Minister Giorgos Chouliarakis informed his counterparts that the caretaker Greek government is...

Greek FinMin Varoufakis: The Agreement Proposed was not Sustainable

They did not propose a sustainable agreement, Greek Finance Minister Yanis Varoufakis said in a press conference after Saturday's Eurogroup. Varoufakis noted that the creditors' proposal would not pass in the Parliament, adding that the government does not have a mandate to take...

ECB President Draghi Urges Greece to Allow Troika Back Before It's Too Late

European Central Bank (ECB) President Mario Draghi urged the Greek government to allow the institution representatives, formerly known as the "troika" to return to Athens in order to disclose its cash position before it is too late. Mr. Draghi...

Eurogroup Sends Strict Message to Greece: Proceed With Reforms

"It is time to make progress in the program" is Eurogroup's clear and strict message to Athens, which -under the suffocating pressure of its creditors- is expected to launch consultations with the technical levels of the three institutions...

Greece to Fire Thousands of State Workers

Greece's Minister of Administrative Reform, Kyriakos Mitsotakis, said on Wednesday that the government will proceed with the dismissal of thousands of civil servants who are suspected of not being hired legally. A ministry's internal audit in March showed that many public...