Eurogroup
Economy
Eurogroup: IMF Says Greece Must Do More Before Loan Disbursement
Greece's official creditors failed to make any visible headway Monday in averting the country's looming debt crunch, drawing a diplomatic veil over suggestions of "heated" exchanges at their latest meeting.
International Monetary Fund Managing Director Christine Lagarde and EU officials...
Economy
German Magazines: Greece Sure to Get Next Aid Tranche
Greece will receive its next tranche of international aid despite budget shortfalls and slow progress on reforms because the euro zone does not want the country to leave the common currency, two German magazines reported on Saturday.
"The Greeks will...
Cyprus
Decisions on Aid Plan in Second Half of October
Jean-Claude Juncker, the head of the eurogroup of finance ministers, says Greece will not learn whether it΄s done enough to get its next batch of bailout cash for at least a month.
Juncker says Friday at an informal meeting of...
Economy
Westerwelle: Germany Will Not Soften Greek Demands
Germany will not substantially soften its agreements with Greece, its foreign minister Guido Westerwelle said on Monday according to Reuters, after meeting with his Greek counterpart Dimitris Avramopoulos.
Greece is expected to lobby for a two-year extension when its Prime...
Economy
New Economic Measures of 3 Billion Euros
The Greek government will have to decide on new measures requiring up to 3 billion euros within the next 15 to 20 days, until the return of troika to Greece, the final report of which will determine the 32...
Economy
No More Cash for Greece Unless Programme on Track
There will be no further cash disbursement to Greece until euro zone ministers determine that the conditions tied to its rescue programme are being met, a senior euro zone official said on Friday.
"There will be no disbursement to Greece...
Europe
Eurogroup Jean Cloaude Juncker Says Memorandum Will Remain ‘Intact’
Eurozone chairman and Luxemburg Prime Minister, Jean-Claude Juncker, warned Greece that extra leeway does not mean revisiting the whole bailout program. In fact, he stated that the memorandum terms will remain more or less the same in his interview...
Economy
EU Officials Agree to Prepare for Greek Exit Scenario
Euro zone officials have agreed that each euro zone country must prepare an individual contingency plan in the eventuality that Greece decides to leave the single currency area, two euro zone officials said to Reuters on Wednesday.
The agreement was...
Economy
Jean-Claude Juncker: Talks of Greek Exit are "Nonsense, Propaganda"
Finance ministers of the euro zone made a show of closing ranks around Greece Monday, with Eurogroup chairman Jean-Claude Juncker saying that no-one had argued for it to leave Europe΄s currency union at their monthly meeting, Dow Jones reported.
"The...
Economy
Juncker: Eurozone Didn't Focus Enough on Greek Growth
The eurozone has focused on helping Greece putting its financial house in order while ignoring the vital question of growth, Eurogroup chief Jean-Claude Juncker said in an interview on Sunday, quoted by AFP.
"I believe we have not paid enough...