European Commission

German FinMin Insists on 'Troika's' Role Ahead of Talks Between Greek Govt and Institutions

German Finance Minister Wolfgang Schaeuble has once again sparked displeasure in Athens, insisting that the unpopular "Troika" of creditors will be negotiating with the Greek government over the country's bailout package extension, despite the latter's objection on the matter. Eurozone's...

ECB President Draghi Urges Greece to Allow Troika Back Before It's Too Late

European Central Bank (ECB) President Mario Draghi urged the Greek government to allow the institution representatives, formerly known as the "troika" to return to Athens in order to disclose its cash position before it is too late. Mr. Draghi...

Eurogroup President: No Talk About Early Disbursement for Greece if There is No Agreement

Representatives of the “institutions” — the way the new Greek leftist government wants to refer to European Commission, European Central Bank and International Monetary Fund officials — will carry out inspections in Athens as well, Eurogroup President Jeroen Dijsselbloem emphasized...

The Greek Govt's Three New Measures to be Added to the Reforms List

Athens is ready to submit three more reform proposals for technical discussion, an unnamed Greek government official has said, while reports indicate that the new measures are ready and aim to improve tax collection and fight evasion. According to the Guardian,...

German Chancellor Will Not Rule Out Grexit Scenario

Keeping Greece in the Eurozone is the European leaders’ political objective at the moment, stated German chancellor, Angela Merkel during an interview in Japan on Monday. A few hours before the Eurogroup meeting about Greece in Brussels Angela Merkel said...

Aging Population in Greece Raises Retirement Age to 70

As Greece is aging demographically, the retirement age will rise in the not so distant future, according to a recent study by the National Actuarial Authority. The study, that was submitted to the European Commission, also shows that the Greek...

Tsipras Launches Series of Meetings With Top European Officials Over Debt

Greek Prime Minister Alexis Tsipras launches a series of meetings this week with top European officials in light of the crucial negotiations over Greece's bailout. After the devaluation of Greek Finance Minister Yanis Varoufakis by his European counterparts ahead of Monday's Eurogroup,...

ECB Official: Time is Running Short for Greece

"We are looking forward to working with Greece. Time is running short," said Benoit Coeure, Executive Board Member of the European Central Bank. The ECB official spoke to Cypriot newspaper Politis on Sunday and discussed Greece's bailout talks. "The (Greek) authorities...

European Commission President: No Diabolical Plan to Topple Greek Govt

European Commission President Jean-Claude Juncker said today that Athens should stop worrying about a "diabolical plan" cooked up by Spain and Portugal to topple the country's new leftist-led government. The statement came just a few hours after Greek Prime Minister...

Troika Returns to Athens Under Different Name

About twenty representatives from the European Central Bank, the European Commission and the International Monetary Fund will arrive to Athens next week to review the progress of reforms and measures Greece has agreed to implement. This time the number of...