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German FinMin Backs Down on Greece's Bailout Review Stalemate

German Finance Minister Wolfgang Schaeuble is to back down on today's (Friday) meeting of euro zone finance ministers in order to unlock the bailout review negotiations between Greece and creditors, according to a Euro2day.gr report. "The position of German Finance...

German Ministers Disagree Over 'Sending Wrong Messages to Greece'

German Finance Minister Wolfgang Schaeuble on Friday criticized his country's Minister of Foreign Affairs and Vice Chancellor Sigmar Gabriel for "sending wrong messages to Greece." On Wednesday, Gabriel met with Prime Minister Alexis Tsipras in Athens. He later made the...

Eurogroup Chief Criticized for Comment on Southern EU Countries

Eurogroup President Jeroen Dijsselbloem received fiery criticism after refusing to retract the comment that southern European countries "spent all their money on drinks and women and then asked for help." The Dutch finance minister received strong criticism from members of...

Bavarian FinMin: Greece Will Not Last in Euro Zone

Greece will not last in the euro zone in the long run and Athens should prepare for such a possibility, Bavarian Finance Minister Markus Soeder told the Handelsblatt newspaper, in an interview published on Tuesday. The conservative politician spoke in...

Where are the Greek State Gold Reserves Stored?

The Greek State gold reserves amounting to 149.1 tons are stored in Greece, Britain, the U.S. and Switzerland, according to the Bank of Greece. BoG assures Greek citizens that the 149.1 tons of the country's gold reserves worth 5.3 billion...

Poll: 52% of Germans in Favor of Grexit

A new opinion poll for Stern magazine shows that 52 percent of Germans are in favor of Greece leaving the euro zone. According to the poll conducted by Forsa Research Institute, more than half of Germans (52 percent) are in...

Euro Zone, IMF Agree on Common Stance Towards Greece

European institutions and the International Monetary Fund have agreed between themselves to present a common stance towards Greece in talks on the bailout program review, Reuters says. Talks between Greece and lenders have stalled since mid-December as Athens disagreed...

Economist: Grexit Scenario All Too Real

Five years after the emergence of the Grexit scenario, the fear of Greece leaving the euro zone is all too real, Economist magazine says. The sustainability of the Greek debt does not guarantee that Greece will stay in the monetary...

German FinMin: Greece Must Implement Reforms or Leave Euro Zone

German Finance Minister Wolfgang Schaeuble on Wednesday brought back the Grexit issue by saying that unless Greece implements reforms it cannot stay in the euro zone. The German finance minister spoke to the country's broadcaster ARD in light of the...

Candidate for U.S. Ambassador to EU: Greece Will Choose to Leave the Euro Zone

Greece will leave the euro zone in a year or a year and a half, predicted the candidate for U.S. ambassador to the European Union, Ted Malloch. The American economist spoke to Skai television in an interview broadcasted on Tuesday...