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Luxembourg

IMF Managing Director Christine Lagarde to Propose Approval in Principle of New Arrangement for Greece

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement on Greece in Luxembourg today: “I would like to announce my intention to propose to the IMF’s Executive Board the approval in principle (AIP) of...

Greek FinMin-ESM Chief Discuss Future Measures for Greece in Luxembourg Meeting

Greek Finance Minister Euclid Tsakalotos met with European Stability Mechanism (ESM) Chief Klaus Regling in Luxembourg on Wednesday. The meeting, which focused on short-term and long-term measures for Greece, took place in a cordial climate. Tsakalotos briefed Regling on the bill that...

EC Refers Greece to the EU Court of Justice for Single Market Rail Violations

The European Commission decided to refer Greece, Luxembourg and Romania to the Court of Justice of the EU on Friday for failing to transpose into national law Directive 2012/34/EU establishing a single European railway area. The Directive aims at strengthening...

Ecofin: Impact of Refugee Crisis on National Budgets to Be Taken into Account

The refugee crisis is a “special case” and therefore the impact on the economies of member-states must be taken into consideration when examining their draft budgets, as presented by the European Commission in Tuesday’s meeting of EU finance ministers...

Eurobarometer: More Cypriots Respond Favorably to the Euro As Country's Currency

Cyprus' support of the common currency rose by 8% to 50%, a few months before the island's 10 billion euro financial assistance program concludes in March of 2016. According to a Eurobarometer  survey issued by the EU Commission, 50% of Cypriot respondents said...

Should We Commend The First Refugee Relocation When So Little Has Been Done

  The departure of 30 refugees from Athens International Airport to Luxembourg was one of those events where the staging overshadowed, and spoiled, the symbolism. Greek Prime Minister Alexis Tsipras admitted that 30 people among the quarter of a million who...

First Refugee Relocation from Greece to Luxembourg on Wednesday

The first relocation of refugees from Greece to another European Union country will take place on Wednesday morning, when 30 refugees will depart from Athens International Airport to take up residence in Luxembourg. They are the first six families...

Luxembourg Takes Over EU Presidency at Critical Moment

Luxembourg, a founding member state of the EU, is taking over the six-month rotating presidency of the Council for the 12th time, from 1 July to 31 December 2015.

Luxembourg FinMin: 'Greek Debt Haircut Not a Taboo'

Luxembourg Finance Minister Pierre Gramegna noted that the Eurozone governments may consider writing off part of Greece’s debt, but then the country would have to commit to a new reform package. “A haircut is not taboo for Luxembourg in the...

EU to Propose Migrant Plan As 1,000 Migrants Arrive in Greece in One Day

As Europe is struggling to cope with a massive influx of over 100,000 migrants crossing the Mediterranean Sea seeking a better life in the continent this year, the European Union (UN) took the initiative to propose its 28 nations' interior ministers...