Declan Costello

The European Commission announced on Friday that the post-program framework for Greece will be continued for an additional period of six months. The Commission stated, ''This extension is a normal and expected process that serves to ensure continued support for...

Declan Costello, representing the European Commission in the institutions' missions in Athens, has stressed the need for the Europeans to meet their commitments regarding Greek debt relief. Costello was addressing an international conference organized by the Greek Economic Chamber on...

Greece will face strict supervision of its implementation of reforms for years after its bailout program ends, a senior European Commission official has warned. Declan Costello told a group of Dutch lawmakers in the Hague that Greek reforms should be...

Declan Costello, the European Commission mission chief for Greece's bailout program, said on Tuesday that it is too early for Athens to speak of a "clean exit" from the rescue agreement. Speaking at the American-Hellenic Chamber of Commerce, the Irish...

Mission chiefs of Greece's creditors are likely to change in the autumn, one year before the completion of the bailout program, a Kathimerini report says. Declan Costello, chief representative of the European Commission for Greece's bailout program, is likely to...

International Monetary Fund (IMF) representative Delia Velculescu said that Greek debt is not sustainable, during her address at the Economist Conference in Athens. "Greece needs substantial debt relief," she said, adding that the IMF is participating in discussions and...

A meeting of the Euro Working Group (EWG) is taking place at this time in Brussels and is focused on reaching a staff level agreement on the completion of the program for Greece. The EWG meeting is believed to...

Greece's creditors arrived in Athens on Tuesday night in order to start the evaluation of the implementation of the bailout program with several issues still open. The heads of the creditors' missions - Declan Costello of the European Commission, Nicola...

Greek bank deposits are no longer at risk of a “haircut,” the European Commission's mission chief to Greece Declan Costello said on Monday during a speech at an annual business forum in Athens. Speaking at “The Greek economy” conference, Costello...

Mission chiefs of the quartet of Greece's international lenders will visit Athens briefly on Tuesday to be briefed about the progress of reforms, following the parliamentary approval of the legislation last week. Delia Velculescu from the International Monetary Fund, Rasmus Rueffer from...