Greece
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Eurogroup

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,...

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...

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...

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...

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...

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,...

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...

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...

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...

Euro Zone Postpones Greek Loan

Eurozone finance ministers have delayed a decision on giving Greece its next instalment of bailout cash. It came after Greece said it would not meet this year's deficit cutting target, sending shares lower on Monday. A meeting set for 13 October,...