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Euroworking Group

EuroWorking Group Approves Greece's Request for Early Repayment of IMF Loans

  According to Greece's state-run AMNA news agency, the EuroWorking group finally gave the green light on Thursday to Greece to repay part of its IMF loans early. Today's meeting of the Eurozone countries in the EuroWorking group approved the Greek...

No Agreement on Primary Residence Protection Delays Eurozone Cash to Greece

The Euro Working Group concluded its meeting on Monday night without an agreement on when the Eurozone will release the first tranche of approximately one billion euros to Greece. This amount of money is the first tranche of approximately €4.8...

EuroWorking Group Suggests Greece Can Meet Targets Without Pension Cuts

The "EuroWorking" group, an advisory body to the Eurogroup of the European Union, was ''broadly positive" on Thursday regarding the Greek state budget and the European Commission's suggestion that Greece can meet the 3.5 per cent primary surplus target...

Greek Reforms Cut 'Gross Imbalances and Mistakes'

It was only in the last year of Greece’s bailout that the SYRIZA administration embraced the program, Thomas Wieser, outgoing president of the Eurogroup Working Group responsible for Greece has said. In an interview on his departure from the post...

EWG Chief: Greece to Remain Under Strict Supervision for Years

Greece will remain under strict supervision by its creditors for years, said the head of the EuroWorking Group, Thomas Wieser. In an interview with Ethnos newspaper, Wieser emphasized that he would not be around; in the commission, to see the...

Government Official Expresses Optimism SLA Could be Clinched by April 7

A government official expressed optimism on Monday that a staff-level agreement between Greece and its creditors could be achieved by April 7 (Friday), adding that the EuroWorking Group (EWG) on March 30 is not crucial. To have a staff-level...

Grexit Now 'Off the Table' Says EWG's Thomas Wieser at Delphi Economic Forum

"Grexit is now off the table," the head of the Eurogroup Working Group Thomas Wieser said on Friday, while speaking at the Delphi Economic Forum taking place at European Cultural Centre of Delphi between March 2-5. If all sides...

Institutions Present Draft Agreement to Athens as Negotiations Continue

On Sunday representatives of Greece's creditors presented the government with a draft agreement for completing the second review. According to a Greek finance ministry official, this included some "open issues" on which staff-level negotiations were continuing. The biggest differences between the...

Greece Aiming for Agreement on 2nd Review by November 28, Finance Ministry Source Says

The Greek side is aiming for an institutions-level agreement on the second review by November 28, when the EuroWorking Group will meet to prepare for the Eurogroup on December 5, a Greek finance ministry source told the press here...

Government Goes Over Issues of 2nd Review at First Meeting with Institutions

The progress made so far in negotiations and the issues that will dominate the second review of Greece’s program were discussed in the first meeting between the government and representatives of the institutions in Athens on Sunday, finance ministry...