Search Results for: European commission
Greece tells creditors it will run out of cash on April 9
April 2nd, 2015
Greece has told its creditors it will run out of money on April 9, making an appeal for more loans before reforms on which new disbursements hinge are agreed and implemented, but the request was rejected, euro zone officials said. The appeal ...
‘Bad politics’ could hold Greece back, says Barroso (Video)
April 2nd, 2015
There is nothing to prevent Greece once again being a successful country “except sometimes bad politics,” says Jose Manuel Barroso, the former president of the European Commission. Talking to Ben Thompson for Business Live on BBC World News, Jose ...
German Maastricht debt level for 2014 up slightly to €2.17 trillion – debt ratio down markedly to 74.7%
April 2nd, 2015
According to provisional calculations, general government debt in Germany as defined in the Maastricht Treaty amounted to approximately €2.168 trillion at the end of 2014. The debt level thus increased by €2 billion on the year. Owing to nominal GDP growth, the ...
EU Lays Groundwork for Antitrust Charges Against Google
April 2nd, 2015
Regulator seeks permission to publish complaints against Internet giant in long-running probe Europe’s competition regulator is preparing to move against Google Inc. in the next few weeks, a person familiar with the matter said Wednesday, setting the stage for charges against the ...
Greece says not backing down on debt relief goal
March 30th, 2015
Greece has not given up on its aim to renegotiate its debt to render it manageable, the country’s deputy finance minister said on Monday as talks between Athens and its lenders on reforms to unlock aid continue. “The government has ...
France cuts 2015 deficit target, eyes economic recovery
March 26th, 2015
France cut its budget deficit target for this year on Thursday and said economic growth could beat the government’s 1 percent forecast, after reporting a smaller-than-expected fiscal gap for 2014. Finance Minister Michel Sapin said France, which has repeatedly missed its ...
Euro Working Group to discuss Greece on Wednesday
March 24th, 2015
The Euro Working Group (EWG) of eurozone technical staff is expected to convene on Wednesday, possibly via teleconference, to discuss, among other issues, a Greek request for the return of 1.2 billion euros from the European Financial Stability Facility ...
ECB to Continue Buying Debt Until Inflation Stabilizes
March 24th, 2015
Central Bank will purchase large amounts of public and private debt for at least 18 months The European Central Bank will purchase large amounts of public and private debt for at least 18 months and until it is convinced ...
Greece will stay in euro: Barroso (Video)
March 23rd, 2015
Greece will remain in the euro zone as long as Athens is willing to compromise, the former president of the European Commission told CNBC, noting this is what most Greeks desire. “I believe we should be flexible with Greece, ...
Greek PM Tsipras faces Merkel amid race to detail reforms
March 23rd, 2015
As government officials scramble to draft a list of detailed reforms in line with demands by the country’s international creditors, Greek Prime Minister Alexis Tsipras is due in Berlin on Monday for crucial talks with German Chancellor Angela Merkel ...
