Eurogroup
Economy
German Chancellor Merkel and FinMin Schaeuble: Greece Needs to Make Specific Reform Proposals
"I wish Greece good luck as a member of the Eurozone," German Chancellor Angela Merkel said yesterday, while -almost at the same time- Finance Minister Wolfgang Schaeuble stated that the "trust with Greece has been lost." Addressing a European Investments...
Economy
Greek Gov't VP: Greece Will Present Specific Proposals to Monday's Eurogroup
The economic reform proposals that Greece 's Finance Minister Yanis Varoufakis will present to the Eurogroup next week were discussed at a Government Economic Policy Council meeting held at the finance ministry on Monday, chaired by government Vice-President Yiannis...
Economy
New Tax Measures Still Not Clarified, Varoufakis Criticized
The Greek government's efforts to restructure the tax system have created confusion among taxpayers as various ministers make statements that contradict each other. At the same time, Athens is trying to attach a price to a package of measures...
Economy
Spanish FinMin and EFSF: Memoranda Not Over for Greece
A third bailout package for Greece amounting between 30 and 50 billion euros is currently being envisaged by the Eurozone member-states' Finance Ministers, according to Spanish Finance Minister Louis de Guindos.
As de Guindos highlighted, the terms of the third...
Economy
German Finance Ministry: No Ambiguities in Eurogroup Decisions on Greece
The Eurogroup decisions on Greece still apply and do not contain ambiguities, German Finance Ministry spokesman Martin Jaeger said on Monday. The spokesman said that every step in the implementation of the process agreed jointly with Athens will be carefully monitored.
Referring...
Economy
Greek FinMin: Greece Will Need New Debt Agreement
Greece will need a new international agreement on the debt in order to meet nearly 11.5 billion euros in obligations between June and August, and without an agreement past the four-month extension of the current fiscal program this payment...
Economy
Dijsselbloem: Greece Needs to Implement Reforms Immediately
Eurogroup President Jeroen Dijsselbloem sent a message to the new Greek government stating that it should start implementing reforms before the completion of negotiations, so that the country will be able to disburse 7.2 billion euros in March.
“My message...
Economy
Greek Gov't Rushes to Raise €7 Billion in March for Debt
The Greek ministry of finance is rushing to raise 6.95 billion euros in March in order to meet obligations regarding its international debt.
The Treasury needs to find the appropriate funds for loan installments. Specifically, there is a 1.6-billion-euro tranche...
Economy
Double Hit for Greece
The man who knows the Eurozone’s economic situation better than anyone, Thomas Wieser -- the Austrian Euro Working Group chairman -- has repeatedly stood by Athens helping to reach compromise solutions during difficult times.
Thomas Wieser noted that the public...
Greece
New Democracy Leader: Tsipras Should be Ashamed
"Mr. Tsipras should be ashamed," stated New Democracy leader and former Prime Minister Antonis Samaras referring to Greek Prime Minister Alexis Tsipras' speech to SYRIZA's Central Committee on Saturday.
"He accuses me for the European People's Party announcement, the context of which...