Search Results for: Eurogroup meeting
Greek Prime Minister concession keeps ELA alive
May 7th, 2015
ECB increases pressure on government for agreement, but offers another 2 bln euros in cash to local banks The European Central Bank is putting extra pressure on Athens for the completion of an agreement with creditors, pegging the maintenance ...
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 ...
Greece has six working days to present new reform proposals
April 9th, 2015
The Euro Working Group (EWG) of eurozone technical staff gave Greece on Wednesday night an ultimatum of six working days to present its proposals with a regard to a string of reforms that could unlock financial aid to the ...
German Finance Ministry: Greece has yet to submit a detailed reform list
March 30th, 2015
Jaeger also noted that the date of the Eurogroup meeting has not been set yet. Martin Jaeger, the spokesman of the German Finance ministry, said on Monday that the Greek Government has not submitted yet a detailed list with ...
ECB decisions may prove to be a blessing in disguise
March 6th, 2015
Draghi adds 500 million euros to ELA, giving banks a breather European Central Bank Governor Mario Draghi announced on Thursday a board decision on Greece that may appear tough but in fact averts a default during March at least ...
Varoufakis’ 6 reforms: 3 for humanitarianism + 3 for tax
March 4th, 2015
Greek Finance Minister Yanis Varoufakis is heading to the Eurogroup meeting of the euro area’s finance ministers on Monday with six proposals aimed at appeasing them. In an effort to reach a compromise, he is pulling back the proposal ...
J. Dijsselbloem: “Received Greek request for six months extension”
February 19th, 2015
The “bridge program” or “extension” may be approved by Friday if all goes well The Greek request for a six-month interim agreement, known as the “bridging program” by the Greek side or “extension” by the EU side, has been ...
Greek stocks fall as debt deal talks stall
February 17th, 2015
Yanis Varoufakis: “We are ready and willing to do whatever it takes” Greece’s stock market fell by more than 4% at its open after European finance ministers failed to reach a new deal to restructure the country’s debts. Greek ...
Lagarde: Greek officials ‘competent’, but deal will take time
February 12th, 2015
Greek Finance Minister Yanis Varoufakis met with IMF chief Christine Lagarde after his arrival in Brussels, where an extraordinary Eurogroup meeting takes place on Thursday evening. Speaking afterwards, Lagarde said the Greek officials are “competent”, but said reaching an ...
Greece and eurozone fail to agree on way forward, will meet again on Monday
February 12th, 2015
Wednesday’s Eurogroup ended without agreement between Greece and its eurozone partners but also without a joint statement on how to move forward. “We explored a number of issues, one of which was the current program,” Eurogroup president Jeroen Dijsselbloem ...
