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Read the Draft Eurogroup Statement Rejected by Greece

Eurozone Finance Ministers abruptly concluded the Eurogroup meeting without reaching to an agreement over a new Greek program. Earlier today, the newly elected...

FinMin Hardouvelis: Greece Might Need a Year of Limited EU/IMF Supervision

At a time when most cabinet members speak about the long-awaited exit from the bailout program, Greek Finance Minister Gikas Hardouvelis spread discomfiture to...

Regling: ECB Review Will Clarify Greece's Funding Needs

The European banking sector review expected this coming Sunday, October 26, will clarify Greece's funding needs, said European Stability Mechanism (ESM) head Klaus Regling earlier...

EU Commissioner: Europe Supports Greece

European Union's willingness to continue support Greece in order to ensure reasonable financing conditions after the end of the current program, was expressed today...

Eurostat Fudged Greek Primary Surplus Figures

The European Union's statistics agency Eurostat has said it manipulated data to show that Greece has a primary surplus of 1.5 billion euros when...

IMF Says Greece Can Wait For Loans

Despite a continued delay in the release of a one billion euro ($1.37 billion) installment from international lenders, Greece has enough liquidity to wait...

Christofias Blames Banks for Bailout

President Demetris Christofias on Tuesday blamed "criminal" action by Greek-exposed banks for Cyprus having to accept painful bailout terms for EU aid. In a move...

Cyprus Finance Minister Sees Economy Shrinking

Cyprus will remain in recession in 2012, its finance minister said on Monday, with economic output retreating by up to 1.5 percent in the...

Cyprus' "Limited" Capability to Help its Greek-Exposed Banks

Cyprus will support its Greek-exposed banks in recapitalizing but only after they have made exhaustive efforts of their own, Finance Minister Kikis Kazamias said...