Greece
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Eurogroup

Eurogroup Approves Disbursement of 978 Million Euros to Greece

The Eurogroup on Friday approved the positive recommendation of the College of Commissioners for the disbursement of the 978 million euros which are owed to the nation of Greece. The tranche represents the return of the profits held by the...

No Agreement on Primary Residence Protection Delays Eurozone Cash to Greece

The Euro Working Group concluded its meeting on Monday night without an agreement on when the Eurozone will release the first tranche of approximately one billion euros to Greece. This amount of money is the first tranche of approximately €4.8...

Eurogroup Postpones Decision on Cash Disbursement to Greece

European officials postponed the decision on whether or not Eurogroup will authorize the already-agreed upon disbursement of cash to Greece until the next Euro-working group in March 25. The Eurogroup postponed the decision on disbursement because of a delay in...

EU Warns Greece It May Lose €750 Million in Funds

The European Commission reportedly warned Greece today that it risks losing €750 million in funds if it fails to complete a raft of reforms by the end of the month. The London Times quotes a senior EU official saying that...

Greece Will Receive €1 Billion of Profit Returns on Greek Bonds

Greece is expected to receive €1 billion ($1.13 billion) of profit returns on Greek bond holdings in 2019, the Managing Director of the European Stability Mechanism Klaus Regling stated on Monday. While addressing journalists after the conclusion of the Eurogroup meeting,...

EuroWorking Group Suggests Greece Can Meet Targets Without Pension Cuts

The "EuroWorking" group, an advisory body to the Eurogroup of the European Union, was ''broadly positive" on Thursday regarding the Greek state budget and the European Commission's suggestion that Greece can meet the 3.5 per cent primary surplus target...

Greece and European Commission Close To Agreement on Pension Cuts

The European Commission is nearing an agreement with the Greek government to approve Greece's draft budget for 2019, European sources said on state-run A.M.N.A. on Monday. The draft budget review is a process to which all Euro-zone countries must submit. In...

EU to Decide How Greece's Primary Surplus Should be Used

Greece's budget for 2019 will be assessed by creditors who will decide how the surplus will be spent, Eurogroup President Mario Centeno announced on Monday. Centeno, speaking at a press conference after the meeting of eurozone finance ministers, said that...

Greece Tables Two Versions for 2019 Budget

The draft budget for 2019 was tabled in the Greek Parliament on Monday in two versions: One without pension cuts and one with pension cuts. The document will be uploaded on the House's web page, and will be submitted to...

Greek Pension Cuts: Decision to Be Made by December, According to EU Official

According to Eurozone officials, the decision regarding the issue of the scheduled for January 2019 Greek pension cuts will be made in December, after a full examination of Greece's budget draft for 2019. This issue is not included in the...