Eurozone

Two high-ranking German politicians expressed the opinion that Greece should be out of the Schengen zone and the Eurozone for a period of time. Wolfgang Steiger, general secretary of the Economic Council of Germany's conservative CDU party, stated that Greece...

Greece will feature heavily on the Eurogroup agenda in the first six months of 2016 as creditors want to supervise closely the progress of the bailout program in order to avoid the costly delays of 2015. The progress of the...

Czech Foreign Minister Lubomír Zaorálek invited Greek counterpart Nikos Kotzias to visit Prague as soon as possible and vowed to return the visit on Wednesday, in an effort to restore relations between the two countries which soured after the...

The Greek government has called the Greek ambassador to the Czech Republic back to Greece for deliberations, following remarks by the country's president on Greece's presence in the Eurozone, Greek media report. The dispute began when Czech Republic President Milos Zeman...

European Stability Mechanism Chief Klaus Regling appears optimistic that the International Monetary Fund will jump on board the Greek bailout program. During an interview with German newspaper Frankfurt Allgemeine Zeitung, Regling noted that the IMF should join in the program...

The International Monetary Fund acknowledged that it made mistakes and omissions in the Greek bailout program approved in May 2010, as it did not include debt restructuring. The IMF Board of Directors approved the evaluation report on the programs during...

Ever since the Greek debt crisis erupted, back in late 2009, each successive government actively sought to defuse a sharp backlash against the bailout programs imposed on the country by the notorious trio of the International Monetary Fund (IMF),...

Eurostat released its second estimate for the European Union and the Eurozone's economic performance for the third quarter of 2015, in which Greece's downturn stands out. While the Eurozone grew by 0.3% from the second quarter of 2015, and the...

Eurogroup President Jeroen Dijsselbloem addressed the Eurozone's performance in 2015, identifying the amount of time dedicated to Greece as a downturn. In recapping an intense year for the Eurozone ahead of Monday's Eurogroup meeting in Brussels, Dijsselbloem touched on the positive and...

Greece is like a rudderless ship as the government delays implementation of the bailout program reforms, says German newspaper Die Welt. According to the report, the negotiations with creditors that lasted for months had a catastrophic effect on Greek economy. The...