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Brussels Group

Greek Official: No Agreement With Creditors, Political Solution Only Way

There is no way we can reach an agreement with creditors before June and a political solution is the only way, said General Secretary of Fiscal Policy Nikos Theocharakis. Theocharakis, who is the head of the Greek negotiating team, described...

Brussels Group Meeting in Paris Continues on Monday and Tuesday

The Brussels Group meeting in Paris, which was held during the weekend, continues on Monday and Tuesday, European Commission spokesperson Margaritis Schinas said on Monday. Schinas said that discussions continue both on political and technical level and noted that the pace...

Progress in Greece's Negotiation with Creditors

There are signs of positive developments in the negotiations between Greece and creditors' representatives that started again yesterday in Paris. The Greek government's aim to achieve a primary surplus of 1.2% in 2015 seems to be accepted by creditors. Furthermore,...

Greek Govt Optimistic Over Agreement

Despite the recent flood of negative statements and reports about Greece's negotiations with creditors, the Greek government is optimistic that an agreement will be reached by the end of April. Negotiations with creditors' representatives  -- the Brussels Group -- have...

European Commission Confirms Brussels Group Meeting on April 18

European Commission spokeswoman Mina Andreeva confirmed on Friday that the Brussels Group meetings will resume on Saturday afternoon, April 18, in Brussels. As she said, discussions will continue ahead of the April 24 Eurogroup, during which the Eurozone Finance Ministers will...

Brussels Group Meetings on Greece to Resume on Saturday

The Brussels Group is expected to resume its meetings on Saturday. Council of Economic Advisors (SOE) President Giorgos Chouliarakis, Finance Ministry general secretary Nikos Theocharakis and Greek Finance Minister Yanis Varoufakis' advisor Elena Panariti will participate from the Greek side. International Monetary...

IMF: We Are Not Recalling Staff From Athens

The International Monetary Fund (IMF) denied earlier today, a report published in German Spiegel magazine yesterday that it will temporarily withdraw staff from Athens in reaction to foot-dragging by the Greek government to implement reforms. In a statement issued today,...

Spiegel: IMF Temporarily Recalls Staff from Athens

The International Monetary Fund has temporarily recalled its staff from Athens distressed by the slow progress and lack of cooperation from the Greek side, according to Der Spiegel. The German magazine says that a staff member said that Greek General...

European Commission: No Deal Reached With Greece Yet, Talks Will Resume

Talks between Greece and its international creditors have not been proven fruitful, although the negotiations are expected to continue, a European Commission representative said earlier today. "The constructive talks are ongoing since Friday but we are not there yet, so...

Greek Govt Expects 3.7 Bln Euros in Revenues from Reforms Package

The Greek government expects 3.7 billion euros of revenues from the introduction of a reforms package currently discussed with the country’s creditors in the Brussels Group. The reforms include, among others, the introduction of taxes on Greek citizens’ deposits abroad –...