Greece
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Euro Working Group

Greek Governance Criticized by Eurogroup Official

A senior EU official has told a Greek newspaper that the root of the country’s crisis was not fiscal, but administrative. In a wide-ranging interview with Kathimerini’s Sunday edition Thomas Wieser, outgoing president of the Eurogroup Working Group (EWG) also...

Staff Level Agreement for Greece to be Reached Before Dec. 4 Eurogroup

On Monday, the Euro Working Group expressed their belief that a staff level agreement on the third bailout program review between Greece and her creditors, would be reached before the December 4 Eurogroup. According to an Athens Macedonia News Agency report citing...

BoG Governor Suggests IMF Should Leave Greek Programme if it Wants to

Greece’s influential central banker was quoted on Sunday as saying that the IMF should not be persuaded otherwise if it wants to exit the Greek program, fueling speculation ahead of negotiations aimed to conclude the third review of the...

Euro Working Group: Next Loan Tranche to Greece Once Prerequisites are Completed, No Debt Relief Yet

The Euro Working Group in Brussels was concluded at 17:40 with institutions welcoming the preliminary agreement and saying that the Eurogroup would then approve the disbursement of the next loan tranche once Greece completes the prerequisites. In a joint statement,...

German FinMin Insists on IMF Participation in Greek Bailout Program

German Finance Minister Wolfgang Schaeuble said that if the International Monetary Fund doesn't take part in Greece's bailout program, a new round of negotiations with European creditors will be needed. Thursday's Euro Working Group (EWG) confirmed that there is no...

Euro Working Group Not Unblocking Greek Debt Relief Measures Yet

The Euro Working Group has not decided on Tuesday to unblock debt relief measures for Greece after Athens decided to give a Christmas bonus to pensioners and reduce VAT on certain Aegean islands. The short-term debt relief measures were decided...

European Commission-EWG Urge Greece to Expedite Bailout Requirements

The Euro Working Group discussed Greece's bailout program on Monday ahead of September's Eurogroup, with European Commission sources saying that Athens is behind in its obligations. European Commissioner for Economic and Financial Affairs Pierre Moscovici met with Greece's Finance Minister...

EU Commissioner Moscovici Says Next Eurogroup to Disburse Greek Tranche

In a statement to the ANA-MPA on Thursday, European Commissioner for Economic and Financial Affairs Pierre Moscovici said he was confident that the next Eurogroup will decide to disburse the first installment of a loan tranche to Greece, amounting...

EWG Gives the Green Light for the Disbursement of 7.5 Bln Euros for Greece

The Euro Working Group's meeting in Helsinki, Finland, on Thursday focused on ironing out the details of the program review for Greece. Technocrats of the Euro Working Group came to a positive conclusion, paving the way for the release...

Creditors Give Greece Extension to Complete Prerequisites

The Euro Working Group has given the approval for the disbursement of the loan tranche and extended the time for Greece to fulfill pending bailout program prerequisites. Specifically, even if Greece is not ready by Thursday's EWG in Helsinki, there...