Eurogroup
Economy
EuroWorking Group Approves Greece's Request for Early Repayment of IMF Loans
According to Greece's state-run AMNA news agency, the EuroWorking group finally gave the green light on Thursday to Greece to repay part of its IMF loans early.
Today's meeting of the Eurozone countries in the EuroWorking group approved the Greek...
Economy
Eurogroup Approves Disbursement of 978 Million Euros to Greece
The Eurogroup on Friday approved the positive recommendation of the College of Commissioners for the disbursement of the 978 million euros which are owed to the nation of Greece.
The tranche represents the return of the profits held by the...
Economy
No Agreement on Primary Residence Protection Delays Eurozone Cash to Greece
The Euro Working Group concluded its meeting on Monday night without an agreement on when the Eurozone will release the first tranche of approximately one billion euros to Greece.
This amount of money is the first tranche of approximately €4.8...
Economy
Eurogroup Postpones Decision on Cash Disbursement to Greece
European officials postponed the decision on whether or not Eurogroup will authorize the already-agreed upon disbursement of cash to Greece until the next Euro-working group in March 25.
The Eurogroup postponed the decision on disbursement because of a delay in...
Economy
EU Warns Greece It May Lose €750 Million in Funds
The European Commission reportedly warned Greece today that it risks losing €750 million in funds if it fails to complete a raft of reforms by the end of the month.
The London Times quotes a senior EU official saying that...
Economy
Greece Will Receive €1 Billion of Profit Returns on Greek Bonds
Greece is expected to receive €1 billion ($1.13 billion) of profit returns on Greek bond holdings in 2019, the Managing Director of the European Stability Mechanism Klaus Regling stated on Monday.
While addressing journalists after the conclusion of the Eurogroup meeting,...
Economy
EuroWorking Group Suggests Greece Can Meet Targets Without Pension Cuts
The "EuroWorking" group, an advisory body to the Eurogroup of the European Union, was ''broadly positive" on Thursday regarding the Greek state budget and the European Commission's suggestion that Greece can meet the 3.5 per cent primary surplus target...
Economy
Greece and European Commission Close To Agreement on Pension Cuts
The European Commission is nearing an agreement with the Greek government to approve Greece's draft budget for 2019, European sources said on state-run A.M.N.A. on Monday.
The draft budget review is a process to which all Euro-zone countries must submit.
In...
Economy
EU to Decide How Greece's Primary Surplus Should be Used
Greece's budget for 2019 will be assessed by creditors who will decide how the surplus will be spent, Eurogroup President Mario Centeno announced on Monday.
Centeno, speaking at a press conference after the meeting of eurozone finance ministers, said that...
Economy
Greece Tables Two Versions for 2019 Budget
The draft budget for 2019 was tabled in the Greek Parliament on Monday in two versions: One without pension cuts and one with pension cuts.
The document will be uploaded on the House's web page, and will be submitted to...