Eurogroup
Economy
Jean-Claude Juncker Backs Special Account for Greek Debt Interest
Eurogroup chief Jean-Claude Juncker lent support to a Franco-German proposal to set aside bailout funds for Greece in a special account to cover interest payments on its massive debt.
The Luxembourg prime minister told Berlin's RBB Inforadio that the idea,...
Economy
Juncker: No More Help For Greece if Greece Can't Reform
Eurogroup head Jean-Claude Juncker told Germany's Spiegel magazine in an interview pre-released on Saturday that help for Greece won't be coming at any cost and explicitly threatened the country with bankruptcy if it doesn't get its act together.
He said,...
Economy
Juncker Warns That Greek Talks with Private Investors Are in a Difficult Stage
Negotiations to fix a massive write-down with private investors of Greek sovereign debt are at an "ultra difficult" stage, eurozone chief Jean-Claude Juncker said Thursday.
"These negotiations are ultra difficult," the Luxembourg prime minister told school pupils in a blunt...
Economy
Greece Will Not Cede Budget Control to EU
Greece will not cede control over its budget to the European Union as has been proposed by Germany as a condition for a second bailout, Greek government sources told AFP on Saturday.
"There is effectively a 'non-paper' that was presented...
Greece
Elections Likely to Be Postponed
One of the three "inalienable" conditions imposed by the New Democracy leader, Antonis Samaras, to support a national salvation government in Greece, was the date of early elections, which he had helped to ensure would be scheduled for February...
Greece
Papademos Confident after Samaras Letter
The Greek Prime Minister, Lucas Papademos, has today praised the letter sent by the New Democracy leader, Antonis Samaras, to the President of the European Commission, José Barroso, the Eurogroup President, Jean-Claude Juncker, and the director general of the...
Economy
Juncker Says Greece to Deliver Written Commitment by Nov. 29
Luxembourg’s Jean-Claude Juncker, who leads the group of euro-area finance ministers, said Greece’s political parties will submit their written commitment to austerity measures by Nov. 29.
“It was not foreseen that Mr. Papademos would have a letter in his pocket,...
Economy
Juncker Awaits Letter From L.Papademos
Troika will decide on the release of the sixth aid instalment to Greece before the end of November, said the head of the Eurogroup, Jean-Claude Juncker, during his speech at the European Parliament on European economic governance, according to...
Economy
Euro-zone Summit Delayed Until October 23
After a round of consultations last week and over the weekend, inter alia with the Presidents of the Commission and the Eurogroup, on developments in the Euro area, President of the European Council Herman Van Rompuy has decided to...
Greece
Venizelos: Greece Has Until Mid-Nov to Get Loans
Greece has enough money to pay all bondholders as well as pensions and salaries until mid-November, said Finance Minister and Deputy Prime Minister Evangelos Venizelos in a press conference.
Greece had previously said it would start running out of money...