G7
Economy
U.S. Treasurer Jack Lew Repeats Calls for Greek Debt Relief
U.S. Treasury Secretary Jack Lew reiterated the position of the United States on easing the Greek debt burden on Friday, a week before the G7 meeting at Sendai, northeast of Tokyo, Japan, on May 18-20.
Lew maintained that demands of...
Economy
Greek Debt Heads to G7 Summit in Tokyo
Greek debt talks are due to take place at the Group of Seven (G7) summit of finance ministers at Tokyo, Japan, from May 18-20. The summit, ahead of the crucial Eurogroup meeting of Eurozone ministers on May 24, will...
Economy
U.S. Hopeful on Greek Deal to Avoid World Impact
The U.S. government expressed hope that an agreement between Greece and its lenders would be signed before June 30, when the cash-strapped country’s bailout program ends.
“We are concerned about the impact a Greek default could have on a broader...
Economy
Obama and Merkel Call on Greece to Make Tough Choices as Time Is Running Out
U.S. President Barack Obama expressed his support on Monday regarding all tough political decisions and choices that will allow the Greek government to secure a vital bailout deal in order to remain in the Eurozone and return to growth and prosperity.
After...
Economy
Obama and Merkel Stress the Need for Greek Reforms
U.S. President Barack Obama visited Krün, Germany, on his way to the G7 summit, where he was greeted by alpine horns and men in traditional lederhosen attire. He met with German Chancellor Angela Merkel and discussed about the recent developments regarding the Greek...
Economy
Le Monde: European Council President Says Debate on Greece is Also Political and Moral
European Council President Donald Tusk said on Sunday that the debate on Greece is not only economic but also moral, French newspaper Le Monde reported in an article titled “Ukraine and Greece on the G7 agenda.”
Speaking during a joint...
Economy
Die Welt: The Greek Issue Ruins Merkel’s Summit Agenda
The Greek issue is ruining German Chancellor Angela Merkel’s agenda at the G7 meeting in the Bavarian Alps, German newspaper Die Welt reported on Sunday.
Merkel wanted to “Merkelize” the world at the G7 meeting, but her plan to close the...
Economy
Juncker 'Still Waiting for Alternative Greek Reform Plans'
European Commission President Jean-Claude Juncker, speaking ahead of the G7 summit in Bavaria, Germany, on Sunday, said he is still waiting for Greece to produce the set of economic reform plans it had promised after rejecting creditors' demands last...
Economy
Greece Among Main Topics in G7 Summit
German Finance Minister Wolfgang Schaeuble and Bundesbank President Jens Weidmann host their G7 counterparts - Britain, France, Germany, USA, Japan, Italy, Canada - in Dresden on May 27-29.
Among the main topics to be discussed will be Greece, although no decisions...