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Spanish FinMin and EFSF: Memoranda Not Over for Greece

A third bailout package for Greece amounting between 30 and 50 billion euros is currently being envisaged by the Eurozone member-states' Finance Ministers, according...

EFSF Extends Availability of Funds for Greece by Four Months

The availability of European Financial Stability Facility (EFSF) funds for Greece will be extended by four months, following a Friday decision by the facility's...

Regling: Discussion on Greek Debt Relief Possible Only if Reforms Continue

In an interview with Portuguese newspaper "Diario Economico," European Stability Mechanism (ESM) Managing Director Klaus Regling left the possibility open that a discussion on...

Troika’s Technical Teams Return to Athens Tomorrow

The return of the Troika's technical teams in Athens tomorrow, along with Eurogroup's decision for a two-month technical extension of the Greek program, announced at...

Eurogroup Decides Two-Month Extension of Greek Program, Presidential Election on December 17

On December 17, two months ahead of schedule, will finally be held the first ballot for the election of the new President of the...

Six-Month Extention in Greek Program Under Consideration, New Review Deadline on December 14

The possibility of extending Greece 's bailout program by six months, to mid 2015, is being considered by the Eurozone Finance Ministers, according to...

EFSF Clears 1 Billion Euros Loan Tranche to Greece

The Board of Directors of the European Financial Stability Facility (EFSF) approved on Wednesday the disbursement of a 1 billion euros loan tranche to Greece,...

EFSF OK’s 7.2B Euros For Greek Banks

Greece's beleaguered banks, brought into difficulty when a previous government imposed 74 percent losses on investors and bond holders to write down the country's...

EU Bailout Cannot Be Excluded, Cyprus CB Governor Says

New Cyprus Central Bank Governor Panicos Demetriades did not exclude the possibility for Cyprus to seek entry to the European bailout mechanism (European Financial...

EU Officials Agree to Prepare for Greek Exit Scenario

Euro zone officials have agreed that each euro zone country must prepare an individual contingency plan in the eventuality that Greece decides to leave...

EFSF Bailout Fund Approves Greek Emergency Payment

Euro zone governments kept Greece afloat on Wednesday after agreeing on a payment of 5.2 billion euros from the region's bailout fund, despite opposition...

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