Luxembourg

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement on Greece in Luxembourg today: “I would like to announce my intention to propose to the IMF’s Executive Board the approval in principle (AIP) of...

Greek Finance Minister Euclid Tsakalotos met with European Stability Mechanism (ESM) Chief Klaus Regling in Luxembourg on Wednesday. The meeting, which focused on short-term and long-term measures for Greece, took place in a cordial climate. Tsakalotos briefed Regling on the bill that...

The European Commission decided to refer Greece, Luxembourg and Romania to the Court of Justice of the EU on Friday for failing to transpose into national law Directive 2012/34/EU establishing a single European railway area. The Directive aims at strengthening...

The refugee crisis is a “special case” and therefore the impact on the economies of member-states must be taken into consideration when examining their draft budgets, as presented by the European Commission in Tuesday’s meeting of EU finance ministers...

Cyprus' support of the common currency rose by 8% to 50%, a few months before the island's 10 billion euro financial assistance program concludes in March of 2016. According to a Eurobarometer  survey issued by the EU Commission, 50% of Cypriot respondents said...

  The departure of 30 refugees from Athens International Airport to Luxembourg was one of those events where the staging overshadowed, and spoiled, the symbolism. Greek Prime Minister Alexis Tsipras admitted that 30 people among the quarter of a million who...

The first relocation of refugees from Greece to another European Union country will take place on Wednesday morning, when 30 refugees will depart from Athens International Airport to take up residence in Luxembourg. They are the first six families...

Luxembourg, a founding member state of the EU, is taking over the six-month rotating presidency of the Council for the 12th time, from 1 July to 31 December 2015.

Luxembourg Finance Minister Pierre Gramegna noted that the Eurozone governments may consider writing off part of Greece’s debt, but then the country would have to commit to a new reform package. “A haircut is not taboo for Luxembourg in the...

As Europe is struggling to cope with a massive influx of over 100,000 migrants crossing the Mediterranean Sea seeking a better life in the continent this year, the European Union (UN) took the initiative to propose its 28 nations' interior ministers...