Eurozone

The International Monetary Fund (IMF) said on Monday it is ready to work with the Greek authorities and its European partners to help moving forward an agreement reached during a Euro Summit earlier in the day. IMF Director of Communications Gerry Rice said in a...

A lot has happened during 17 hours of talks on the Eurozone's future. Before Greece and its creditors agreed on a new 86-billion European Stability Mechanism (ESM) program, there were multiple interruptions and as the night went on, reports of impasses and confrontations...

The objective has been achieved. The country remains in the eurozone. Alexis Tsipras kept his last promise in spite of all those that wanted us to return to the drachma, stated Potami leader Stavros Theodorakis on the agreement for...

Although the new deal averts a Grexit, it includes more austerity measures Greece will have to implement. Eurozone's leaders agreed to save Greece by keeping it in the Eurozone and offer the debt-ridden country a much needed bailout agreement but...

Coming out of a long Eurozone summit, Greek Prime Minister Alexis Tsipras said that Greece won a hard deal but it is one that will secure the country's place in the Eurozone and will help the Greek economy recover. "We...

Greece has to legislate in parliament the agreement text by Wednesday before it goes to other European parliaments for voting, said German Chancellor Angela Merkel coming out of a marathon summit of Eurozone leaders. "Greece must pass the agreement text...

After more than 16 hours of deliberation, the Eurozone's leaders agreed to save Greece by keeping it in the Eurozone and offer the debt-ridden country a much needed bailout agreement. Speaking on the deal after the Summit, Prime Minister Alexis Tsipras...

Former Greek finance minister Yanis Varoufakis just revealed that German Finance minister told him that his plan for Greece is to leave the euro. Greece never had a chance for success to reach an agreement writes Varoufakis on his blog. Varoufakis' statement...

Eurozone finance ministers decided that Greece must legislate a series of reforms within the next few days in order to continue negotiations for a third bailout package the country has requested from the European Stability Mechanism. According to comments by...

"We want Greece to make deep reforms as member of the eurozone" stated European Commissioner for Economic Affairs Pierre Moscovici on Sunday before the restart of the Eurogroup meeting. "The discussions yesterday" (Saturday) he noted "were long and difficult and...