Eurogroup

Europe cannot offer further assistance to Greece until the result of a July 5 referendum, Eurogroup President Jeroen Dijsselbloem said in a letter to Greek Prime Minister Alexis Tsipras. He reiterated that the Eurogroup will make a decision "only after and on the basis...

The European Financial Stability Facility (EFSF) said on Wednesday that it is considering action that includes "accelerating" its loans to Greece and demanding immediate repayment, in the wake of the country's failure to pay an International Monetary Fund (IMF) loan installment. The full...

  The Eurozone’s nineteen Finance Ministers held a teleconference on Wednesday to discuss Greece’s request for a two-year deal with the European Stability Mechanism (ESM) and decided to not take further action on the matter until after Sunday’s referendum. Eurogroup President Jeroen Disselbloem said...

The last-minute effort of Prime Minister Alexis Tsipras to secure a deal with Greece's creditors has generated hopes that sent European stock markets higher. Yet, it is unclear if Europe is ready to accept the new Greek proposal in...

  Tuesday evening’s urgent Eurogroup teleconference resulted in the arrangement of another conference for Wednesday, July 1, at 11.30 am Central European Time. The meeting was scheduled after the Greek government submitted a request to the European Stability Mechanism for a two-year...

The critical Eurogroup teleconference on Greece has ended. The finance ministers of the Eurozone decided to reject a call by Greek PM Tsipras to extend Greece's bailout program. European Commission President Jean-Claude Juncker told journalists that things you are not...

Greece and its creditors are reportedly working on yet a new last-minute bailout deal ahead of a $1.8 billion loan repayment deadline to the IMF that the country does not have funds to fulfil. Greek radio station Real fm reported that the new...

In a true Democracy no government, parliament or president, politicians or political parties have the legitimacy to make constitutional changes to alter the basic fabric of the nation without the overwhelming consent of the people. Under an ungodly pressure imposed...

Greece's Finance Minister Yanis Varoufakis chronicles the dramatic events that took place during the last Eurogroup meeting, right before his counterparts decided to meet again - but without him. Since twitter and facebook have been abuzz with speculation about Greece's...

The European Commission has published the last set of proposals agreed by the Troika of creditors and offered to Greece late last week saying that it could have led to a comprehensive agreement before the Greek government walked away...