EU
Economy
Moscovici: EU is not Reviewing a 'Plan B' for Greece
The European Commission wants Greece to stay in the Eurozone and is not reviewing a "Plan B" on the country's exit from the monetary union, EU Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici said in...
Economy
What Greece Actually Got From the Eurogroup Negotiations
Friday’s crucial Eurogroup meeting belongs to history, after what was seen as a historic compromise for both the Eurogroup and a member-state of the single currency as well as a process during which Greece -- according to its Finance...
Economy
American Economist Krugman: Europe Needs to Stop the Clock in the Greek Case
Acclaimed American economist and Professor of Economics and International Affairs at Princeton University Paul Krugman stressed in an article with the New York Times that what Europe currently should do while dealing with the Greek crisis is to "stop the clock"...
Economy
German Chancellor and French President: Greece Must Remain in the Eurozone
German Chancellor Angela Merkel and French President Francois Hollande, just a few hours ahead of the Eurogroup meeting being currently held in Brussels in order to strike an agreement over the Greek program, expressed their firm belief that Greece is...
Economy
Greek FinMin Varoufakis: We Can't Accept the Fiscal Adjustment Signed by the Previous Govt
Greek Finance Minister Yanis Varoufakis is currently holding the third and most crucial of a series of meetings with his Eurozone counterparts in Brussels in an attempt to strike a deal regarding the future of the Greek program.
The talks...
Economy
Read the Greek Loan Agreement Six-Month Extension Request Letter
Earlier today, Greek Finance Minister Yanis Varoufakis sent a letter to Eurogroup President Jeroen Dijsselbloem, explaining Greece's proposals and reasoning for the continuation of the country's loan agreement. Germany's immediate rejection of the Greek proposal has widened the gap...
Greece
Greece's Negotiation Plan: 6-Month Bailout Extension; No Memorandum
Greece's government is planning to request a six-month extension of the 240 billion-euro loan set to expire at the end of February, but without extending the current memorandum and its austerity measures previous Greek governments had signed as part...
Economy
Eurogroup: Greece's Government Rejects Memorandum Extension; Remains Hopeful
Eurozone finance ministers met to discuss the way forward for Greece in the context of the upcoming expiry of the country's current economic adjustment programme.
The discussions were based on the technical work carried out over the past few days,...
Economy
Greek Stocks Drop 4% Hours Before Eurogroup Meeting
The Greek Stock Market dropped by more than 4% on Monday morning, in light of the upcoming Eurogroup meeting, as well as in the wake of what was revealed over the weekend.
Specifically, at 10:42am, twelve minutes after the Greek...
Generation WTF (and Greece)
What’s the future? It is a question many are asking, irrespective of country or context. Even an abridged catalogue of what ails our world – European finance, nationalist conflicts, income inequality, environmental degradation, countless phobias and human horrors –...