EU top diplomt Josep Borrell participated in a G7 Foreign Ministers’ Meeting that took place via video-teleconference call on Wednesday, 25 March. “The discussion focussed on the international response to the COVID-19 pandemic. The High Representative Borrell (pictured) stressed that the pandemic represented a global challenge of unprecedented nature, with far-reaching consequences for the economic…
Tag: IMF
MEPs endorsed Lagarde for EBC chair
Christine Lagarde (France) obtained Parliament’s approval to be the European Central Bank (ECB) next president, in a plenary vote on September 17. In the secret vote, MEPs casted 394 ballots in favour, 206 against and 49 abstentions to recommend Lagarde to head up the European Central Bank. Christine Lagarde getsđź‘Ťfrom MEPs to be the ECB’s…
UK government opposes II Brexit referendum
The idea of a second Brexit referendum is very likely to be voted again in Westminster although the government remains opposed to the second plebiscite on the same issue of leaving the European Union, the British finance minister said. Chancellor Philip Hammond says "what we know about the vast majority of voters in this country…
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 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…
Schaeuble for multilateralism
German Finance Minister Wolfgang Schaeuble said on Thursday it would be possible to develop the euro zone’s European Stability Mechanism (ESM) rescue fund into a European monetary fund soon. FinMin Schäuble at @CarnegieEndow: We need to focus on making economies more resilient — German Embassy (@GermanyinUSA) April 20, 2017 Asked if this would be possible…
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