European Commission

International lenders assessing Cyprus's bailout needs found the economy in a "worse state than expected" and in need of painful adjustment in coming months, according to reports. Officials from the International Monetary Fund, the European Commission and the European Central...

International lenders negotiating a bailout for cash-strapped Cyprus are likely to seek cutbacks in its public payroll and some increases in taxation, the Cypriot finance minister said on Tuesday. Officials from the International Monetary Fund, European Commission and European Central...

Representatives of the European Commission, the ECB and the IMF, the so-called troika, will remain in Greece for as long as needed in order to determine the 11.6 billion euro worth of consolidation measures needed over the next three...

The European Commission approved state aid for Nea Proton Bank of 1,7 billion Euros in the context of the Nea Proton Bank resolution. The EC temporarily approved the aid until the investigation it has committed it has started ends...

The troika returns to Athens today to begin an assessment of the second multi-billion euro bailout for Greece. It is widely expected that officials from the European Commission, European Central Bank and the International Monetary Fund will find that Greece...

Greece says its recession is deepening and will present "alarming" information about the state of the country's economy this week to international auditors in a new effort to ease the terms of the government's latest bailout. A government spokesman described...

Today the European Commission approved 252 million Euros of funding for the construction of a motorway in the Peloponnese. The total amount of the investment is estimated at 296 million Euros and is a  joint investment of the private,...

The European Commission, through its Internal Market Commissioner Michel Barnier, declared that the compromise between Greece and Siemens after the scandal came to light does not restrict the right of the Commission to conduct its own research on whether...

Under the auspices of European Commissioner Maria Damanaki, the Greek Community of Brussels organized a presentation and promotion of Greek wines and traditional food products of great quality on May 24 at the Berlaymont, the headquarters of the European Commission...

The European Commission is not working on any contingency plans should Greece leave the Eurozone, a spokesperson for the Commission said on Friday. “We completely deny that we are working on any such emergency plans,” the spokesperson told Market News...