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Eurogroup

Greece Says EU Economic Response to Coronavirus 'Satisfactory'

Finance ministers of eurozone countries agreed on Thursday evening to to make €500 billion ($547 billion) available "immediately" to stimulate the EU economy that is hit hard by the covid-19 pandemic. The decision came after hours of deliberation between the...

EU Scraps 3.5 Percent Surplus Target for Greece Due to Coronavirus Emergency

Eurozone finance ministers decided on Monday evening to scrap the primary surplus target of 3.5 percent of GDP for Greece this year in the face of the coronavirus pandemic. "Today's (yesterday's) decisions fully meet Greek positions and priorities," Finance Minister...

Varoufakis To Publish Notorious Eurogroup Recordings from Turbulent 2015 Meetings

Greek Speaker of the House Constantine Tassoulas rebuked MeRA25 leader and ex-Finance Minister Yanis Varoufakis on Friday for handing an envelope over to him containing a USB of the conversations he had secretly recorded while attending a Eurogroup discussion...

Eurogroup Agrees to Return €767 Million in Bond Profits to Greece

Wednesday's Eurogroup meeting in Brussels approved the return of €767 million in Greek bond profits to Greece, as well as the cancellation of the interest rate hike imposed on part of the European Stability Mechanism's loan to Greece during...

Greece Officially Requests Early Repayment of Expensive IMF Loans

Greek Finance Minister Christos Staikouras signed the official letters on Monday in which Greece requests to pay back to the International Monetary Fund (IMF) part of the loans it received during the financial crisis. The letters will be sent to the...

ESM Chief Regling Says Greek Primary Surplus Targets Could Be Reduced

Chief of the European Stability Mechanism (ESM) Klaus Regling indicated on Friday that the European Institutions might consider reducing Greece's primary surplus targets beginning in 2021. Speaking during a press conference just before the crucial Eurogroup meeting coming up in...

EU Commission Says it "Will Remain by Greece's Side'' One Year After Bailout Exit

The European Commission issued a statement on Tuesday on the occasion of the one-year anniversary of Greece officially exiting its bailout programs after its eight-year-long financial crisis. ''Today marks one year since Greece successfully concluded its European Stability Mechanism (ESM)...

New Book Reveals How Grexit Was About to Become Reality in 2015

A new book published on Thursday about the history of the European Stability Mechanism (ESM) reveals new details of how Greece's exit from the Eurozone was on the table for negotiations in 2015. Perhaps most surprisingly, this was the...

Eurogroup to Discuss Greek Economy After National Elections

It is highly improbable that issues involving Greece will be discussed at Thursday's Eurogroup in Luxembourg, a top Eurozone official said on Wednesday to the state-run AMNA news agency. AMNA quotes the same official as saying that the third report...

EuroWorking Group Approves Greece's Request for Early Repayment of IMF Loans

  According to Greece's state-run AMNA news agency, the EuroWorking group finally gave the green light on Thursday to Greece to repay part of its IMF loans early. Today's meeting of the Eurozone countries in the EuroWorking group approved the Greek...