Search Results for: Brussels
Varoufakis fuels confusion over reforms as Juncker questions his role
May 27th, 2015
As Greece’s negotiations with its creditors enter the most critical phase, the country’s finance minister created fresh confusion on Tuesday with statements regarding possible tax reforms which were almost immediately revoked. Meanwhile, fuelling speculation about how much longer Varoufakis ...
Greece warns it is set to default on debt repayment loans
May 25th, 2015
Interior minister says Athens simply cannot satisfy IMF deadline next month unless it works out a deal with eurozone creditors Greece has threatened to default on €1.6bn (£1.14bn) of debt repayment due on international bailout loans next month, claiming it ...
Negotiations drag as Tsipras seeks political support at Riga meeting
May 22nd, 2015
Ahead of a meeting late on Thursday between Prime Minister Alexis Tsipras, German Chancellor Angela Merkel and French President Francois Hollande on the sidelines of an EU leaders’ summit in Riga, the Brussels Group continued its negotiations. Despite expressions ...
Top EU officials eye deal by end-May as technical-level talks make gradual progress
May 20th, 2015
As Greek government officials expressed their confidence that a deal with the country’s creditors is close, top European officials indicated Tuesday that although there has been progress in negotiations, an agreement is unlikely before the end of the month. ...
KPMG report reveals that Guernsey funds facilitate £25 billion of inward investment to the UK from global investors
May 13th, 2015
International Capital Flows, a report commissioned by the States of Guernsey and supported by Guernsey Finance, has analysed the economic benefits provided to the UK and Europe by the Guernsey funds market. The majority of the inward investment is ...
Greece clears IMF hurdle but don’t relax just yet
May 12th, 2015
With news that talks between Greece and its lenders are making slow but sure progress and Greece made a multi-million euro loan repayment to one of its lenders a day early, goodwill towards the country is hitting highs not ...
Eurogroup sees progress on Greece but wants more, soon
May 12th, 2015
There were no positive or negative surprises at Monday’s Eurogroup for Greece as eurozone finance ministers confirmed in writing that there had been progress in talks between Athens and its lenders but that intensive work needs to be done ...
FOREX: Dollar strengthens as Greek debt crisis weighs on euro
May 12th, 2015
* Pressure remains on kiwi from rate-cut expectations * Sterling holds most post-election gains after BOE stands pat The dollar firmed against major counterparts on Tuesday, as ongoing anxiety over Greece‘s debt crisis helped push the euro toward a one-week ...
Greece makes IMF payment but hopes of quick deal dashed
May 6th, 2015
Greece made a small interest payment to the International Monetary Fund on Wednesday but European lenders dashed hopes for a cash-for-reforms deal before a more crucial, bigger installment Athens must pay next week. Leftist Prime Minister Alexis Tsipras‘ government ...
Deal or no deal, Greece still faces bankruptcy
May 4th, 2015
Despite hopes that Greece and its lenders will come to some agreement in May, not everyone is convinced that a deal – which could unleash a last tranche of much-needed bailout aid — can resolve the country’s looming debt ...
