Tagged: Euro

Debt measures set for January at Euro Working Group

The issue of short-term measures for easing the Greek debt, which were frozen in response to the government’s unilateral decision to pay pensioners a Christmas bonus, has been put off until the Euro Working Group meeting on January 12. According to Finance Ministry officials, minister Euclid Tsakalotos yesterday received “the points where answers are due” […]

“Attract investments by taking advantage of the euro”

The new Minister of Economy and Development Dimitris Papadimitriou underlined that his goal is to attract investments by taking advantage of the monetary stability that Greece offers as a Eurozone member. The aim is to inspire trust and send the message that Greece is friendly towards investments and that the economy is open to the […]

ESM approves release of 1-bln-euro loan tranche to Greece

The European Stability Mechanism (ESM) announced in a tweet on Tuesday that its board of directors authorized the disbursement of Greece’s 1-billion-euro loan tranche, after the country completed all prior actions required by its lenders. “ESM Board of Directors just authorized the disbursement of €1bn to #Greece, #ESM press release will follow shortly,” ESM tweeted.

Euro Working Group to debate Greek progress on Wednesday

With the Greek government having completed about 50% of the prior actions agreed upon with its creditors, in order to collect a 1 billion euro tranche, revealed a high-ranking Eurozone official to Reuters. Although a number of issues have not yet been resolved, they are expected to be addressed within the day, with any changes […]