Search Results for: greece
Creditors maintain tough stance as Greece presents reforms
March 5th, 2015
As pressure builds on Greece to implement economic reforms in order to secure crucial rescue funding, the country’s representative to the Euro Working Group on Wednesday presented to his eurozone counterparts the six proposals Greece intends to make at ...
Spain says third bailout for Greece seen at EUR 30-50 bn
March 3rd, 2015
Spanish Economy Minister Luis de Guindos on Monday said European Union officials are estimating that a hypothetical third bailout for Greece could amount to between 30 and 50 billion euros ($34-55 billion). European officials have estimated that Greece’s financing ...
Eurogroup statement on Greece
February 24th, 2015
EU Council press release: The Eurogroup today discussed the first list of reform measures presented by the Greek authorities, based on the current arrangement, which will be further specified and then agreed with the institutions at the latest by ...
Greece reform plans receive positive response
February 24th, 2015
Greece has received a positive response to its economic reform proposals presented to eurozone officials. The plans were promised under the deal to secure a four-month bailout extension. The head of the eurogroup Jeroen Dijsselbloem said the new Greek government is serious about its ...
Greece submits proposed reforms in bid for loan extension
February 24th, 2015
Greece has submitted a list of reform proposals to its bailout creditors, the European Commission says. The list was received “on time” before a Monday deadline, a spokesman tweeted. The measures include combating tax evasion and tackling the smuggling ...
Greece: We’ll fight on against austerity – Interview with FM Varoufakis
February 24th, 2015
Greece’s leftist government will implement all policies promised during the recent election campaign, Finance Minister Yanis Varoufakis said Monday. Speaking to CNN’s Christiane Amanpour, he said the battle to “recalibrate the austerity” imposed on Greece by its international creditors ...
It’s Germany vs. Greece, And The Very Survival Of The Eurozone Is At Stake
February 20th, 2015
Is this the beginning of the end for the eurozone? On Thursday, Germany rejected a Greek request for a six-month loan extension. The Germans insisted that the Greek proposal did not require the Greeks to adhere to the austerity ...
Portugal backs Germany on debt deal for Greece
February 20th, 2015
Portuguese Finance Minister Maria Luis Albuquerque insisted in a German newspaper interview on Friday that Greece must fulfil the current conditions of its international bailout. “There is a framework within which we are prepared to talk to the Greek ...
Greece supports Chinese investment at Piraeus Port: PM
February 20th, 2015
Greek Prime Minister Alexis Tsipras on Thursday praised bilateral cooperation between his country and China and sent best wishes to Chinese people for the Chinese Lunar New Year. “We will seek new ways of cooperation between the Greek state ...
Investors Still Don’t Think Greece Will Exit the Euro
February 20th, 2015
As Greece heads toward 11th-hour funding talks with its euro-area membership on the line, bondholders are surprisingly sanguine about its failure so far to secure a deal. Forget the strategists at Commerzbank AG who say there’s a 50 percent ...
