Alexander Stubb
Economy
Europe Insists IMF Remains in Greece's Bailout Program
European finance ministers are in favor of Greek debt easing but insist that the International Monetary Fund should remain in Greece's bailout program.
Greek Finance Minister Euclid Tsakalotos is in a series of meetings with European counterparts ahead of Thursday's...
Economy
German Chancellor Merkel: Tsipras Stepping Down is Part of the Solution
After Greek Prime Minister Alexis Tsipras announced his resignation and called for snap elections, German Chancellor Angela Merkel reportedly commented that "Tsipras stepping down is part of the solution."
According to a Telegraph report, Merkel is on official visit to Brazil...
Economy
Finnish FinMin Finally Announces His Country's Participation in Greek Loan Deal
"Today I got a mandate to approve the third package for Greece," Finnish Finance Minister Alexander Stubb told reporters on Thursday, revealing the Finnish government's intention to finally participate in Greece's new rescue loan deal.
The decision, which was made by the Finnish...
Economy
Finnish Finance Minister: Further Steps Needed for a Greek Deal
On Tuesday afternoon, Finnish Finance Minister Alexander Stubb cooled down talk of a final agreement between Greece and its international creditors.
Greece and creditors reached an agreement earlier on Tuesday, after a thorough 24-hour review of all the reforms included in the Memorandum.
However,...
Economy
Finland Authorizes Govt to Engage in Bailout Negotiations and Bridge Financing for Greece
Greece is on track to begin negotiations on a third bailout package.
Finland, one of Greece’s most hardline negotiating partners during the past weekend, authorized its government to engage in negotiations on the European Stability Mechanism (ESM) bailout package for Greece as well...
Economy
Eurogroup: Greek Program Extension and Debt Restructuring Rejected
Tuesday evening’s urgent Eurogroup teleconference resulted in the arrangement of another conference for Wednesday, July 1, at 11.30 am Central European Time.
The meeting was scheduled after the Greek government submitted a request to the European Stability Mechanism for a two-year...
Economy
German FinMin Schaeuble: 'Things With Greece Are Still Complicated'
Talks between Athens and its international creditors over a profitable bailout plan that will keep Greece from potential bankruptcy and an exit from the euro are still at a stalemate, German Finance Minister Wolfgang Schaeuble said during a conference organized by...
Greece
The Rest Of Europe Is Fuming At Greece Right Now
French President Nicolas Sarkozy was reported to be “dismayed” by the news that Papandreou would call a referendum on the bailout deal. Sources close to Sarkozy said, “The Greek’s gesture is irrational and, from their point of view, dangerous.”...