Euro Working Group

The Euro Working Group is to approve on Thursday a 1-billion-euro loan subtranche as Greece has legislated the 13 prior actions required by the bailout program. The tranche is delayed by two months as the prior actions were originally scheduled...

Greece must legislate the new measures agreed by the end of the week in order to receive a subtranche of 2 billion euros in financial aid on Monday. The Euro Working Group and the European Stability Mechanism will assess the...

"It is a good day today," European Commissioner for Financial Affairs Pierre Moscovici said in reference to the agreement Greece and creditors reached on Tuesday. "I am happy to confirm that agreement has been reached on the remaining measures needed...

After hours of negotiating, Greece and creditors agreed that only the poorer families unable to pay their mortgages will save their homes from foreclosure, the measure applying to about 25 percent of people in debt. The meeting between Finance Minister...

The second marathon negotiation between Greece and the quartet of international creditors ended at 5 am on Monday with the issues of bad loans and primary residence foreclosures still unresolved. According to sources close to the talks, the Greek team...

A positive climate prevails among senior officials of the euro zone over the negotiations taking place in Athens with the view to reaching an agreement between institutions and Greek authorities. Eurogroup president Jeroen Dijsselbloem welcomed the "good progress" achieved in...

A new meeting between the Greek team and lenders representatives is scheduled on Sunday at noon after Saturday's 11-hour negotiation ended with issues still unresolved. Government sources said there was progress in talks, however several crucial issues are still pending....

Greece has fallen three weeks behind schedule on the prior actions schedule as Sunday's Euro Working Group teleconference failed to result in an agreement with creditors. Monday's afternoon meeting of Eurozone finance ministers will be almost entirely dedicated to Greece. However,...

Greece's delay in negotiations over reforms required by the bailout program has left many issues still open, rendering the disbursement of the 2-billion-euro subtranche highly unlikely, according to European Commission sources. The cancellation of the Euro Working Group teleconference scheduled between...

The SYRIZA-ANEL coalition government is rushing to find new taxes to present at Monday's Eurogroup in order to receive the 2-billion-euro subtranche of the bailout program. The new taxes that will be proposed are to replace the 23 percent value...