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Euro-zone Summit Delayed Until October 23

After a round of consultations last week and over the weekend, inter alia with the Presidents of the Commission and the Eurogroup, on developments...

No More Doubts Over Greece's Default

Greece is falling into a deeper dismay after more and more of its Eurozone partners are expressing their certainty over the former’s sovereign default. After...

Euro “Ostracism” Is In The Wind

The barrage of statements about “disciplining” Greece to Troika’s orders seems to have no flexibility this time. European Council President Herman Van Rompuy prepares proposals...

Merkel Rejects Calls to Oust Greece

Amid growing dissent among her own supporters, German Chancellor Angela Merkel rejected Monday calls for Greece to be expelled from the eurozone, saying such...

EU President Rules Out Greece Euro Exit

European Union President Herman Van Rompuy ruled out today any question of Greece leaving the euro. ΄΄This would create more problems than solutions,΄΄ he told...

Sarkozy, Merkel Call For Penalizing Excessive Deficit Countries

France and Germany Wednesday upped the pressure on their euro zone peers to improve fiscal discipline in the bloc by cutting the region΄s wayward...

Greek PM Discussed With Barroso On Debt Crisis

Prime Minister George Papandreou has held a telephone conversation with European Commission President Jose Manuel Barroso on Monday to discuss current developments in Europe΄s...

Merkel – Sarkozy Agreed On A New Greek Package

German Chancellor Angela Merkel and French President Nicolas Sarkozy have reached to an agreement on a new bailout package for Greece after seven-hours of...

EU Calls Emergency Summit on Greece

The leaders of the 17 eurozone countries will hold a special summit on Thursday in an attempt to forge a deal on a second...

Merkel: Greek Deal Pre-Condition Of Euro Summit

German Chancellor Angela Merkel said on Thursday that Eurozone members shouldn΄t hold an emergency summit until they were prepared to approve a deal to...