The Eurogroup today elected Paschal Donohoe, Minister for Finance and Public Expenditure & Reform of Ireland, as President of the Eurogroup, in line with Protocol 14 of the EU treaties. I am deeply honored to be elected as the new President of the #Eurogroup. I look forward to working with all of my Eurogroup colleagues…
Tag: Eurogroup
Gentiloni: EU faces unprecedented shock
“..Indeed, we are facing a shock without precedent since the Great Depression. Its economic and social consequences pose policy challenges unlike any we have seen in our lifetimes. The inflation rate is further evidence of this. Data released this morning shows the inflation rate at just 0.3%. In April last year, it was 1.7%. This…
EUCO: anti-COVID19 plan
The 27 EU leaders decided to offer the eurozone finance ministers two weeks to find a common economic response to the coronavirus crisis, European diplomats said. After more than six hours of discussion by video-conference, the heads of state and government of the 27 EU countries have reached agreement on a draft joint declaration to…
#COVID19: Eurogroup rapid response
Today Eurogroup welcomed all the measures taken by Member States and by the European Commission, in particular those taken to ensure that health systems and civil protection systems are adequately provided for to contain and treat the disease, preserve the wellbeing of our citizens and help firms and workers that are particularly affected. The #Eurogroup…
Schaeuble questions ‘significant change’ in Greek bailout plan
The German parliament’s budget committee must decide if the bailout plan for Greece agreed by euro zone finance ministers and the IMF on June, 15 evening is up to the level of a significant change to the existing program, Germany’s finance minister said. In an interview with ARD television on June 15 (15.06.2017) , Finance…
Greece awaiting debt relif
Debt relief for Greece will be looked into at the next Eurogroup meeting on 22 May, according to Jeroen Dijsselbloem. The president of the informal body of the eurozone’s finance ministers made the announcement during a plenary debate in Parliament on 27 April. He also apologised to MEPs about recent remarks that proved controversial. Dijsselbloem…
Greece reached a deal with creditros
“There was white smoke,” Greek Finance Minister Euclid Tsakalotos said to reporters, hinting on the elections of the Pope. The negotiations for a technical deal were concluded on all issues, and the way has now been paved for debt relief talks, he added. Greece and its foreign creditors reached a deal on a package of bailout-mandated…
Dijsselbloem explains his allegory
The chairman of euro zone finance ministers Jeroen Dijsselbloem did not criticize any particular country or region, his spokesman said after Dijsselbloem’s remarks, seen as negative toward southern Europe, sparked calls for his resignation. Dijsselbloem said to the Frankfurter Allgemeine Zeitung newspaper in an interview published on March 20 that northern European countries showed solidarity…
Greece Minister stays in Brussels
Greek Finance Minister Euclid Tsakalotos said on Monday he planned to stay in Brussels for further consultations with the country’s creditors towards finalizing a bailout review. Greece and its international lenders are still at odds over pension, labor and energy market reforms, necessary before new loans can be disbursed to Athens. Tsakalotos said ‘most…
Eurogroup awaitng Greek reforms
Today Greece and its euro zone creditors are still at odds over reforms required before new loans can be disbursed to Athens, the head of euro zone finance ministers said after an inconclusive meeting in Brussels. “Some key issues” still remain to be sorted out, Jeroen Dijsselbloem told a news conference after the meeting. “The…
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