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…
Tag: Greece
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…
Greece needs plan ‘B’
Greece will not last in the eurozone in the long run and officials working on a review of its bailout package should prepare for such a cause of events, a senior member of the Bavarian sister party of Chancellor Angela Merkel’s conservatives said. Greece has lost a quarter of its national output since it first…
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…
Greek debt dilemma
In Germany a half of citizens are against offering debt relief to Greece and around three in 10 prefer Greeks to leave the euro zone, a survey showed on Friday. The INSA poll for the newspaper Bild showed 46.4 percent of people living in Germany, Europe’s paymaster, thought giving Greece debt relief would be unfair for…
Greece aid still on the way
The next piece of financial aid to Greece from its euro zone lenders may not be imminent as talks are still complicated, the head of euro zone finance ministers Jeroen Dijsselbloem said on Monday, adding that the target was to secure a deal as soon as possible. “There is still a lot of work to…
Is Pence pessimistic about EU?
While “unwavering” in its support for Nato, vice-president Mike Pence was silent about the European Union at the Munich Security Conference. #MSC2017 VP Pence brings a message from @POTUS @realDonaldTrump to #munich: we will stay strong together #NATO applause in the audience pic.twitter.com/ILk8OJOZCJ — Hendrik Loven (@HendrikLoven) February 18, 2017 In his address to the…
Greece in lethargy of recession
Greece and its international lenders made clear progress towards bridging differences over its fiscal path in coming years, moving closer to a deal that would secure new loan disbursements and save the country from default. “We made substantial progress today and are close to common ground for the (lenders’) mission to return to Athens the…
Grexit: debt relief conditionality
Greece should leave the euro zone and then it can be given debt relief said Chrisitan Linder the head of Germany’s Free Democrats (FDP), a ‘classic’ liberal party, in a programme of a German radio station on Thursday, 9.02.2017. However, Linder suggested Greece should remain in the European Union so it can get subsidies…
Eurogroup discusses Greece and Portugal
Today the Eurogroup will discuss the progress achieved to date in the ongoing second review of Greece’s economic adjustment programme, based on the updates by the European institutions participating in the review. Ministers will also look into the implementation of the short-term debt relief measures, which Eurogroup endorsed at its meeting on 5 December 2016. The…
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