Eurogroup
Economy
Greek FinMin Varoufakis Presents the '10 Reforms Proposal' Amid Grexit Concerns
The end of the crisis will not come if Greece says yet another "yes" to the program. If the drug was bitter but effective we would have taken it, but the drug is "toxic" and even the doctor knows...
Economy
The New Greek Government Promises Everything to Everyone But Creditors
The announcement of the new Greek government policy by Prime Minister Alexis Tsipras was very touching to a populace that has suffered five years of harsh austerity measures. He spoke soothingly and full of emotion. He aimed to restore...
Economy
EC Officials Leave Greece Frustrated After Meeting with FinMin and Deputy PM
President of the Euro Working Group Thomas Wieser and EC financial representative Declan Costello left Athens empty-handed after meeting with Greek Finance Minister Yanis Varoufakis and Deputy Prime Minister Yiannis Dragasakis.
According to a Proto Thema report, the two men...
Economy
Scenarios on Greece's Current Position
Greece is in the center of media attention across the world this week. Reuters published an article on the possible scenarios that may play out over the next days and Thursday’s EU summit.
The week will begin with the G20 Finance Ministers'...
Cyprus
Cyprus to Support Greek Positions at Eurogroup, EU Summit
A number of Cypriot government officials on Saturday indicated that Cyprus will support Greece's positions during discussions at European bodies.
In statements to Cypriot state radio station RIK, government spokesman Nikos Christodoulides said that Cypriot President Nicos Anastasiades will underline...
Economy
IMF Chief and ECB Chief to Attend Eurogroup on Greece
International Monetary Fund Managing Director Christine Lagarde is to meet Finance Minister Yanis Varoufakis for the first time face-to-face on Wednesday during the emergency Eurogroup meeting being held to discuss the future of the Greek program. There is a...
Economy
Cabinet Puts Final Touches to Policy Statements to be Unveiled on Sunday
A cabinet meeting chaired by Greek Prime Minister Alexis Tsipras on Saturday concluded a meeting that put the final touches to the policy statements that will be unveiled in Parliament on Sunday.
Government sources said that these will be divided...
Economy
Dijsselbloem: Euro Area Will Not Approve Greek Request for Bridging Program
Eurogroup President Jeroen Dijsselbloem has ruled out a "bridging program" requested by Greece until it can negotiate a new agreement for the country's debts, Bloomberg reported on Friday.
“We don’t do bridging loans,” Dijsselbloem told reporters in The Hague, when...
Economy
Greek Govt: Not a Single Step Back in Negotiations
The Greek government is sending a double message to its European partners and the country’s creditors ahead of the emergency Eurogroup meeting to be held in five days and in the wake of Berlin's and European Central Bank's (ECB) persistent...
Economy
Europe Sends 5-Day Ultimatum to Greece
Wednesday's emergency Eurogroup will be crucial for Greece as its European partners will judge the country's proposal for a new bailout program.
The new Greek government has five days to come up with a new, satisfactory financial aid plan as...