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European Commission

EU Considers Greek Bill on Humanitarian Crisis a Unilateral Action

The Mission Chief for the European Commission's team working on Greece, Declan Costello, appears to view the Greek government's bill to address the humanitarian crisis -- currently under discussion in Parliament -- as a unilateral action, according to British...

Tension Between Greece and Lenders Over Draft Laws

New tension has been created between Athens and creditors as the draft laws aimed at tackling the humanitarian crisis and giving debtors to the state the chance to repay in 100 installments have been considered unilateral moves, contrary to the...

Juncker-Schulz Warn Greece Not to Default

European Commission President Jean-Claude Juncker and European Parliament President Martin Schulz sounded the alarm for the devastating consequences if Greece defaults on payments to the European Central Bank and the International Monetary Fund. Greek Prime Minister Alexis Tsipras  met with...

Fiscal Gap in Greece May Lead to New €30 Billion Loan

The projected primary surplus for 2014 is less than expected creating a fiscal gap in the 2015 state budget, something that may lead the Greek government to ask for a new loan. The Brussels Group, the team of technocrats representing...

Greece to be Excluded from EU Funds for the First Time Since 1981

Greece ’s largest financial source, the European Union’s National Strategic Reference Framework (NSRF), will be put on hold for the first time since 1981, when the country joined the Union. According to the Greek newspaper To Vima, the European...

Jyrki Katainen: We Want Actions Not Promises

European Commission Vice President Jyrki Katainen referring to the negotiations with the Greek government said "We want actions not only promises." After the Eurogroup we will see how the disbursements can be held he said when speaking to Real News...

Smokers Throwing Cigarette Butts on Greek Beaches a Major Problem, EU Program Shows

Greece relies on tourism for its economy and must protect its beaches through a policy directly linked to managing garbage and household waste, head of the European Commission office in Greece Panos Karvounis said on Thursday, during a one-day...

EC President: We Must Work Together to Find Solution for Greece

Europeans must work together to find a solution for Greece, said European Commission President Jean-Claude Juncker during his meeting with Greek Prime Minister Alexis Tsipras in Brussels. The EC chief said he is optimistic that negotiations on Greece's bailout will...

German FinMin: Accusations Over Derogatory Statements for Greek Counterpart Are 'Nonsense'

At a time when the relations between Athens and Berlin seem to reach bottom, German Finance Minister Wolfgang Schaeuble characterized the accusations that he described his Greek counterpart Yanis Varoufakis as "foolishly naive," after a Brussels Eurogroup meeting on Monday...

OECD to Assist Greek Govt with New Reforms Package

Greek Prime Minister Alexis Tsipras traveled to Paris today, where he met with OECD (Organization for Economic Co-operation and Development) Secretary General Angel Gurria in order to discuss a possible Organization event taking place in Greece and focusing on...