Jean Claude Juncker
Economy
Jean-Claude Juncker Backs Special Account for Greek Debt Interest
Eurogroup chief Jean-Claude Juncker lent support to a Franco-German proposal to set aside bailout funds for Greece in a special account to cover interest payments on its massive debt.
The Luxembourg prime minister told Berlin's RBB Inforadio that the idea,...
Economy
Juncker: No More Help For Greece if Greece Can't Reform
Eurogroup head Jean-Claude Juncker told Germany's Spiegel magazine in an interview pre-released on Saturday that help for Greece won't be coming at any cost and explicitly threatened the country with bankruptcy if it doesn't get its act together.
He said,...
Economy
Juncker Warns That Greek Talks with Private Investors Are in a Difficult Stage
Negotiations to fix a massive write-down with private investors of Greek sovereign debt are at an "ultra difficult" stage, eurozone chief Jean-Claude Juncker said Thursday.
"These negotiations are ultra difficult," the Luxembourg prime minister told school pupils in a blunt...
Economy
Juncker: Returning to Drachma not an Option for Greece
Jean-Claude Juncker, president of euro-zone finance ministers, said on Wednesday that “2012 will be a decisive year for the euro, but returning to the drachma is not an option for Greece”.
He insisted Greece΄s debt woes could be resolved without...
Economy
Papandreou Defends Respect for Commitments
Ahead of the Euro Group meeting and the likely concession of the 6th 8-billion euro aid tranche to Greece, former socialist Premier George Papandreou sent two letters last night regarding the conditions that come with the loan.
The first letter...
Greece
Elections Likely to Be Postponed
One of the three "inalienable" conditions imposed by the New Democracy leader, Antonis Samaras, to support a national salvation government in Greece, was the date of early elections, which he had helped to ensure would be scheduled for February...
Economy
Juncker Says Greece to Deliver Written Commitment by Nov. 29
Luxembourg’s Jean-Claude Juncker, who leads the group of euro-area finance ministers, said Greece’s political parties will submit their written commitment to austerity measures by Nov. 29.
“It was not foreseen that Mr. Papademos would have a letter in his pocket,...
Economy
Juncker Awaits Letter From L.Papademos
Troika will decide on the release of the sixth aid instalment to Greece before the end of November, said the head of the Eurogroup, Jean-Claude Juncker, during his speech at the European Parliament on European economic governance, according to...
Economy
Juncker Says Greek Bondholders May Face 60% Loss in Aid Package
Luxembourg’s Jean-Claude Juncker, who leads the group of euro-area finance ministers, said talks on private sector involvement in a second aid package for Greece are focusing on losses of as much as 60 percent for bondholders.
“Private investors, the banks,...
Economy
Deutsche Bank Boss in Talks over Greek debt: Report
The head of Germany's biggest bank, Deutsche Bank, is conducting talks over a 50-percent write-down of Greek debt in his capacity as chairman of the global banking lobby, a newspaper reported Sunday.
Citing both government and banking sources, the mass...