Precautionary Credit Line
Economy
Greek Central Bank Calls for Post-Bailout Credit
Greece's central banker said on Monday he supports establishing a precautionary credit line for the country after it exits its third adjustment program in the summer.
Speaking at an event organized by the Hellenic-Spanish Chamber of Commerce on the future...
Economy
Merkel: Greece's Prospects Better Than Two Years Ago, Much to be Done
Her belief that the prospects of Greece are better than they were two years ago, expressed German Chancellor Angela Merkel at the federal parliament (Bundestag), adding though that much has to be done. The Bundestag was voting today over the two-month extension...
Economy
BoG Governor: Greece Needs Long-term Fiscal Adjustment
Long-term fiscal adjustment and a precautionary credit line from European partners were the recommendations made by Bank of Greece (BoG) governor Yannis Stournaras in his interim report on monetary policy tabled in Greek Parliament on Tuesday.
A day after his...
Economy
EU Commissioner Moscovici: Greece Needs the Euro and the Euro Needs Greece [Video]
A clear message regarding the preferences of the European Commission on political forces pursuing reforms and Greece remaining in the Eurozone, expressed in a press conference the European Union Commissioner for Economic and Monetary Affairs, Pierre Moscovici, in the...
Economy
EU Commissioner Moscovici: A Grexit Would be a Pity Now
"It would be a pity for Greece to face Grexit again after the considerable work that has been done." This phrase sums up the message sent to Greece by the European Union Commissioner for Economic and Monetary Affairs, Pierre...
Economy
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 Hellenic Republic, government spokeswoman Sophia Voultepsi announced earlier today.
According to Voultepsi's written announcement, Greek Prime...
Economy
Dijsselbloem: EU Is Willing to Help Greece
Arriving at the opening of the Eurogroup meeting on Thursday, in which Greece’s next day after the memorandum exit will be tabled, Jeroen Dijsselbloem declared that it is Europe’s will to assist Greece. “After Greece completes, in a satisfactory way,...