Search Results for: Brussels
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 ...
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 ...
Eurogroup: EU “Trojan Horses” and cracks in the wall
February 20th, 2015
Friday’s Eurogroup is expected to be a tough day of negotiation and a last chance for a “mutually beneficial” situation Finance Minister Yanis Varoufakis’ proposal for a six-month extension of its bailout facility was rejected by Germany that won’t ...
Greece gets lifeline as ECB agrees €3.3bn extra emergency funds
February 19th, 2015
Total funding on offer now €68.3bn as Greek banks come close to using €65bn of liquidity funds granted by European Central Bank The embattled Greek government has been thrown a lifeline by the European Central Bank after the ECB agreed to ...
Greece to submit request for extension of loan agreement on Thursday
February 18th, 2015
Finance Minister Varoufakis discussed the negotiations with European Commissioner Moscovici on Tuesday Although government spokesman Gabried Sakellaridis initially stated that the Greek government was going to submit a request a six-month extension of the loan agreement on Wednesday, it was announced ...
Greece to try for loan extension from eurozone
February 18th, 2015
Request sees bailout terms being set aside Greece is set to submit Wednesday to the Eurogroup a request for a six-month extension to its loan agreement with its creditors, sources close to the negotiations between Athens and the eurozone ...
Dijsselbloem: Extension of program could provide “protective umbrella” for Greece
February 17th, 2015
After the conclusion of the meeting An Ecofin meeting was completed in Brussels on Tuesday without any mention of the possibility of an agreement between the Greek government and the country’s Euro zone partners. After the conclusion of the ...
Greece’s Varoufakis Says ‘No More Loans’ Until Credible Growth Plan: NYT Interview
February 17th, 2015
Greek Finance Minister Yanis Varoufakis said his government was not asking for a way out of repaying the country’s debt, but wanted a few months of financial stability. In an opinion piece for the New York Times, Varoufakis also ...
Greece defies creditors, seeking credit but no bailout
February 17th, 2015
Talks between Greece and euro zone finance ministers over the country’s debt crisis broke down on Monday when Athens rejected a proposal to request a six-month extension of its international bailout package as “unacceptable”. The unexpectedly rapid collapse raised doubts about Greece’s future ...
Tokyo shares at eight-year top, Greek talks loom
February 16th, 2015
Japanese shares touched an eight-year high on Monday following a record close on Wall Street, with investors cautiously optimistic the European Union would make progress this week on a debt deal with Greece. Oil prices faded after an early spurt, ...
