Greece
Economy
EU's Moscovici Says Greek Deal Will be Struck at June 21 Eurogroup
European Commissioner Pierre Moscovici has said a final agreement covering Greece's post-programme period, surveillance and debt relief will be reached at the June 21 Eurogroup meeting.
In an interview with the newspaper Kathimerini on Tuesday, Moscovici said: "I am certain...
Economy
German FinMin Schaeuble: Greek Deal Important but Work Still Needed
A spokesman for German Finance Minister Wolfgang Schaeuble said on Tuesday that the Greek deal of reforms concluded by Greece and its lenders is an important "intermediate step," but work is still needed.
The German Finance Ministry spokesman also said...
Economy
SYRIZA's Left Platform Against Greek Deal with Austerity Reforms
As the Greek government has made a request to the European Stability Mechanism for a new bailout package, members of SYRIZA's "left platform" proclaim that they are against a "humiliating" deal that would include austerity measures, and some even...
Economy
No Greek Deal At Eurogroup Meeting – Euro Summit On Monday
Greece's game of reaching a bridging deal with its European partners during the meeting of Eurozone Finance Ministers on Thursday afternoon in Luxembourg seems to have been lost and plans are currently underway for a top political level meeting this coming Monday.
European...
Economy
U.S. Hopeful on Greek Deal to Avoid World Impact
The U.S. government expressed hope that an agreement between Greece and its lenders would be signed before June 30, when the cash-strapped country’s bailout program ends.
“We are concerned about the impact a Greek default could have on a broader...
Economy
Germany-France Leaders: Greek Deal Should be Reached Soon
Greek Prime Minister Alexis Tsipras, German Chancellor Angela Merkel and French President Francois Hollande had a 35-minute teleconference on Sunday evening in which they agreed that the agreement between Greece and creditors should be signed soon.
At the same time,...
Economy
EWG's Wieser: No Greek Deal by Next Week, But it Will be Achieved
Greece and its European creditors will not reach a comprehensive agreement by next week, as it was expected, the chairman of the Eurogroup Working Group (EWG), Thomas Wieser, told US TV channel CNBC on Tuesday, but expressed confidence that...
Economy
Slovak FinMin Kazimir Doubts a Greek Deal in April 24 Eurogroup
Slovak Finance Minister Peter Kazimir appeared skeptical on the possibility of Greece and its European partners reaching an agreement in the upcoming Eurogroup meeting. As he said, Greece is currently moving ever closer to the abyss and there are not...
Economy
German Chancellor Merkel: We Will Only Approve Greek Deal if Promises Are Met
Athens might have struck a deal with its partners on Friday’s Eurogroup, although the agreed four-month extension of the loan agreement has to now be approved by the Eurozone member states’ national Parliaments. German Chancelor Angela Merkel has warned...
Economy
Angela Merkel Warns of Greek Deal Domino Effect
German Chancellor Angela Merkel has warned against a write-down of Greece’s debt but left open the option of more aid for Athens. Her comments come less than a month before elections.
In an interview with Focus magazine released Sunday, Chancellor...
Economy
No Greek Deal With Troika Before EU Summit
Greek Prime Minister Antonis Samaras' hopes of going to a European Union meeting on Oct. 18 with a finalized package of $17.45 billion in spending cuts and tax hikes imposed mostly on the country's workers, pensioners and the poor...
Greece
Merkel Optimistic Greek Deal Can Be Agreed Monday
The leaders of Germany, Italy and Greece are "optimistic" that a deal on a second massive bailout for Athens can be clinched next week, a spokesman for German Chancellor Angela Merkel said Friday.
Agreement on a second, €130 billion ($170...
Economy
Merkel Says Greek Deal Needed Before Other Reforms
German Chancellor Angela says the euro zone’s top priority for the beginning of this year is to secure a second aid package for Greece.
After meeting with the Italian Prime Minister Mario Monti in Berlin Merkel said the Greek...
Economy
Greek Deal Must be a One Off: Trichet
The outgoing head of the European Central Bank, Jean Claude Trichet, has warned that there should be no repeat of last week's deal to reduce Greek debt.
He also said that Greece should have come under greater scrutiny before it...
Economy
Fitch: Private Sector Role In Greek Deal Constitutes A Restrictive Default
Fitch Ratings Friday said the role of the private sector in the new Greek bailout plan would constitute a "restrictive default" event, but the commitments agreed on Thursday by European leaders represent an important and positive step towards securing...