Euro Working Group (EWG)
Economy
Greece Reportedly to Receive First Installment of Bailout Funds on August 17
If the expected timeline runs on schedule, Greece could be seeing the first installment of the 86 billion euros of bailout money on August 17.
Bloomberg reports that an official “with knowledge on the matter,” who provided this information, also said that...
Economy
Greece to Present New Reforms List to Expedite Agreement
The Greek government appears optimistic over the agreement with creditors as it is ready to present a list of reforms that will include concessions on thorny issues.
Despite the fact that several reports quote European officials saying that a deal with...
Economy
Greek Govt Wants a Mutually Beneficial Deal, Possibly Before May 11
Greece wants a mutually beneficial deal with its creditors as soon as possible, even before May 11, a senior government official who participated in the political negotiating team meeting at the Greek Finance Ministry said on Wednesday.
"We want a...
Economy
Euro Working Group Teleconference on Greece Concludes
The Euro Working Group (EWG) teleconference, in which Greece participated with Greek Finance Ministry general secretary Nikos Theocharakis and economic experts' team head George Houliarakis who are currently in Paris, concluded on Wednesday evening.
After the teleconference, the institutions' representatives returned to the...
Economy
European Officials Have Limited Expectations on Greek Issue Ahead of Eurogroup
The German Finance Ministry is rather skeptical ahead of Friday's Eurogroup in Riga, Latvia, where Greece's proposed reforms list will be examined. According to Finance Minister Wolfgang Schaeuble's spokesperson Martin Jaeger, Berlin has limited expectations from the Riga meeting regarding Greece's...
Economy
Greek Finance Ministry Dismisses German Newspaper Report as 'Undermining' and Inaccurate
Greece's Finance Ministry strongly criticized on Sunday an article appearing in German newspaper Frankfurter Allgemeine Sonntagszeitung (FAS), saying that it undermines the negotiations underway, as well as Europe.
"Any FAS readers that actually read the minutes from the Euro Working...
Economy
Steps of Progress in Talks Between Institutions and Greece
European Commission spokesman Margaritis Schinas said on Thursday the Commission sees steps of progress in the ongoing talks between the creditors' institutions and Greek authorities, following the Euro Working Group (EWG) on Wednesday.
"We are continuing to work and make progress...
Economy
No Progress on Greek Issue from Euro Working Group
No progress was made on the Greek issue in Wednesday's Euro Working Group in Brussels as there was no discussion for partial disbursement of the tranche Athens is hoping for.
The Euro Working Group's 18 Finance Ministers met to prepare the informal...
Economy
Greek Govt Spokesman Optimistic Over Negotiations, EC President Tusk Says Solution After Easter
SYRIZA-led government spokesman Gavriil Sakellaridis expressed his optimism earlier today that the negotiations between Greece and its creditors "will have a positive outcome." In an interview to Greek television, Sakellaridis underlined that a Eurogroup meeting "should take place soon," and that...
Economy
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...