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Eurogroup

Eurogroup: No Official Announcement on Greece, Partial Draft Seen

As the meeting of the Eurozone finance ministers and the summit of the 28 European Union leaders are still in session, it was decided that there will not be a written announcement and that Eurogroup President Jeroen Dijsselbloem will...

Greece Must Legislate New Measures Immediately to Gain Trust of Europe

Eurozone finance ministers decided that Greece must legislate a series of reforms within the next few days in order to continue negotiations for a third bailout package the country has requested from the European Stability Mechanism. According to comments by...

Moscovici: We Want Deep Reforms in Greece

"We want Greece to make deep reforms as member of the eurozone" stated European Commissioner for Economic Affairs Pierre Moscovici on Sunday before the restart of the Eurogroup meeting. "The discussions yesterday" (Saturday) he noted "were long and difficult and...

Finland Will Not Back Third Bailout for Greece

Finland's parliament is not willing to accept a new bailout agreement for Greece as Eurozone finance ministers continue negotiations on Sunday's Eurogroup, according to reports. The country's euro-sceptic Finns Party, the second in power in parliament, threatened to bring down...

Here's Schäuble's Grexit Plan Everybody Is Talking About; Full Document

The latest Eurogroup on Greece brought to light a document that many call "Schäuble's Plan for Grexit." In the document, German Finance Minister Wolfgang Schäuble offers his comments on Greece's proposal to the country's creditors. German FinMin's bitter stance towards Greece essentially...

Greece Eurogroup Inconclusive; Will Reassess on Sunday

Saturday's crucial Eurogroup meeting, where finance ministers discussed the newly submitted Greek bailout proposal, has been inconclusive. The Eurogroup will meet again on Sunday at 11 am, just five hours before a decisive Euro Summit. The Eurogroup held an in-depth...

Creditors Skeptical Over Greece's Willingness to Implement Reforms

Greece's creditors are skeptical over the leftist government's willingness and ability to implement the reforms required in order to grant the country a third bailout package. Greek Finance Minister Euclid Tsakalotos had a hard time trying to persuade his Eurozone...

Evaluation of Greek Proposals to Be Completed on Friday Night

The institutions received the Greek government's letter with proposals and prior actions on time, stated a Eurozone official, refusing however to give an estimation on the letter's context. According to the same official, the European Commission, the European Central Bank...

Greece Submits Final Bailout Proposal to Creditors; Greek Parliament to Vote Friday

Greek Prime Minister Alexis Tsipras and his government have sent the final proposals to Greece's creditors in what it looks like the last chance for the debt-ridden country to receive a bailout agreement and avoid a financial collapse and...

Greek Gov't: 'We Believe We Will Have Positive Signs at the Eurogroup'

Government spokesman Gavriil Sakellaridis expressed his optimism on Thursday over an agreement with Greece's partners noting that the government does everything towards this direction. Speaking to private ANT1 TV, Sakellaridis said "We believe that we will have positive signs at...