Ecofin

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...

European Union finance ministers adopted unanimously a proposal requiring governments to share information on tax rulings, in an effort to stop corporate tax evasion by multinationals, during a meeting in Luxembourg. According to the political agreement achieved in today’s Ecofin,...

  The Economic and Financial Affairs Council (ECOFIN) approved a 7.1-billion-euro bridge loan to Greece on Friday. The loan will be given through the European Financial Stabilisation Mechanism (EFSM) and is meant to finance Greece’s short-term obligations, including a 3.5-billion-euro bond payment to...

Following the weekend’s intense negotiations, where he put forward a proposal for a temporary Grexit, German Finance Minister Wolfgang Schaeuble is not exactly viewed as Greece’s ally. Reuters reports that Schaeuble claims there are some in the German government who...

"The Greek government presented a broad, comprehensive and credible proposal on Thursday's Eurogroup that can constitute the foundation of the agreement ," Finance Minister Yanis Varoufakis said at the ECOFIN meeting. Varoufakis stressed that the Greek proposal "not only completes the existing...

European Union and eurozone Finance Ministers meeting in Riga was concluded with the common position (regarding Greece) that there is no other plan but Greece to remain in the eurozone. "There is no plan B or C or D...

EU Commissioner for Economic and Financial Affairs Pierre Moscovici referred to Monday’s Eurogroup meeting and spoke of balanced decisions that allow the start of the technical processing of the proposals with the Greek authorities. Arriving at the ECOFIN meeting, he...

Greece will have met all 12 prior actions demanded by its adjustment program before the August  summer holiday break, Greek Finance Minister Gikas Hardouvelis said in Luxembourg on Friday, after chairing the last ECOFIN council under Greece 's EU...

The approval in the early hours of Monday morning by Greece's parliament of the critical omnibus reform bill needed to release a delayed €10.5 billion instalment from international lenders means the sustainability of Greece’s debt hinges upon a new cycle of negotiations. Beyond gearing up for...

After a round of consultations last week and over the weekend, inter alia with the Presidents of the Commission and the Eurogroup, on developments in the Euro area, President of the European Council Herman Van Rompuy has decided to...