Tagged: Eurogroup

Opportunity missed at the Eurogroup

It was billed by some as the Eurogroup to end all Eurogroups, given that a definitive decision on Greek debt relief would have banished the lingering uncertainty about the country’s economic prospects and mostly settled matters between Athens and the institutions for the next few years. It turned out, though, to be a damp squib […]

Government aims to reach political agreement by 5 December Eurogroup

The talks between the Greek government and the institutions continued over the weekend, in an effort to reach an agreement by the Eurogroup scheduled for 5 December. The Greek side has been presented with draft agreements by the institutions on labor, social insurance and further tax reforms. According to these drafts, aside from the 6.1 […]

Positive Obama statement will boost chances at Eurogroup, officials hope

Greek officials are hoping to secure a public expression of support for debt relief from outgoing US President Barack Obama when he visits Athens next week, with government spokesman Dimitris Tzanakopoulos on Friday underlining the “extremely significant” role of the US in global economic developments. “A statement by President Obama is never just a statement, […]

EuroGroup: Debt relief pushed back till after 2018

All parties agreed on the need for the second review of the Greek bailout program be completed by December during Monday’s EuroGroup meeting. Greece’s EU partners made placed a lot of pressure on the Greek delegation, making it clear that the country would have to pick up the pace of implementing all the necessary reforms, […]

Eurogroup decides to split 2.8 billion euro tranche in two

The European Union’s Finance Ministers convened on Monday and decided to split the 2.8 billion euro tranche into two, with the payment of the first portion of 1.1 billion euros being approved. The remaining 1.7 billion euros will be paid after the Euro Working Group convenes on 23 October and the Hellenic State has made […]

Greece on Top of Friday’s Eurogroup Agenda September 9

Greece is the first and main issue on the agenda on Friday (September 9) at a meeting of euro zone finance ministers in Bratislava. The progress of Greece’s bailout program and the state of the country’s economy is the main issue of the session, said Eurogroup President Jeroen Dijsselbloem in an official statement. The Eurogroup […]

Tsakalotos: Expresses opposition to sanctions on Spain, Portugal over excessive budget deficits

Greek Finance Minister Euclid Tsakalotos on Monday expressed opposition during a same-dayEurogroup meeting to the possibility of Commission-imposed sanctions against Spain and Portugal, according to Greek government sources. According to the same sources, Tsakalotos spoke after Germany’s Wolfgang Schauble and said Athens considers that countries which have made major efforts at fiscal readjustment should not […]

Eurogroup to discuss financial developments after Brexit

The Eurogroup convenes on Monday to discuss the economic and financial situation in the euro area. More importantly, the Finance Ministers of the nineteen euro area countries will be briefed on the developments in financial markets, following the outcome of the UK referendum on EU membership on 23 June. The Eurogroup will be informed about […]

Tsakalotos heads to Eurogroup to push for relaxed primary surpluses after 2018

Even though Greece will not be the topic of discussion at Monday’s Eurogroup, Finance Minister Euclid Tsakalotos heads to Brussels with the primary aim of changing and lowering the budgetary surplus targets Athens has to meet after 2018. “We must open the discussion of targets,” a senior Finance Ministry official said, referring to Greece’s bid […]

Eurogroup head says Farage is delusional

Eurogroup head and Dutch Finance Minister Jeroen Dijsselbloem said UKIP leader and staunch supporter for the Brexit campaign, Nigel Farage was living in his own world, speaking to Dutch TV channel RTL. ‘He thinks Britain is a global empire and can dictate everything, but that’s not going to happen’, he said about the Farage. The […]

Eurogroup convenes to debate Greek bailout problem review

The Eurogroup is scheduled to convene on Tuesday in order to discuss the Greek bailout program review, following the Greek government’s approval of a controversial prior actions omnibus bill on Sunday. According to reports the European Commission submitted a draft compliance report at Monday’s Euro Working Group, with the final version expected after Tuesday’s Eurogroup. […]

Eurogroup convenes to debate Greek bailout problem review

The Eurogroup is scheduled to convene on Tuesday in order to discuss the Greek bailout program review, following the Greek government’s approval of a controversial prior actions omnibus bill on Sunday. According to reports the European Commission submitted a draft compliance report at Monday’s Euro Working Group, with the final version expected after Tuesday’s Eurogroup. […]

Critical meeting for bailout review negotiations likely on Wednesday

The Eurogroup meeting for Wednesday 9 May is expected to be a critical point in the negotiations for the Greek bailout review, in light of the revised European forecasts for the economy that were published on Tuesday. As such, a meeting between Eurogroup chief Jeroen Dijsselbloem, European Commission President Jean-Claude Juncker, IMF General Director Christine […]

Eurogroup convenes again on Thursday for Greece

The Eurogroup has decided that it will be meeting next Thursday to decide on the Greek programme, the group’s president Jeroen Dijsselbloem said on Friday. Dijsselbloem also said that he told the lenders and the European Stability Mechanism (ESM) to search for solutions to restructure the Greek debt and make it sustainable, as long as […]

Eurogroup: Greek Gov. agreed to a 4th ‘preventive’ Memo

President of the Eurgroup Jeroen Dijsselbloem announced that the the creditors have agreed with Greece for the adoption by the Greek government of a package of ‘preventive measures’ in the event fiscal targets diverge. The Eurogroup head said the cooperation was productive and strong at the meeting in Amsterdam, Friday. ‘We believe notable progress has […]

The 9bln Euro measures to be discussed at the Eurogroup

The progress of negotiations between Greece and its creditors is turning into somewhat of a ‘mystery’. Despite the Greek government’s attempt to foster a sense that a deal is very close, the Quartet does not seem to share its optimism. Greek Finance Minister Euclid Tsakalotos will leave for Friday’s Eurgroup meeting in Amsterdam with the […]

Eurogroup hopes for Greece, lenders agreement before Easter

Greece and its lenders are hopeful that they will be able to reach an agreement before Easter in Athens on Sunday, reports said on Friday. European Finance Ministers have expressed their hope that an agreement can be reached at the Eurogroup meeting in Amsterdam. Eurogroup President Jeroen Dijsselbloem said that he has heard positive news […]