Tagged: eurozone

Eurozone chief hopes for movement on Greek debt talks

The eurozone’s top official says he’s hopeful that Greece and its creditors can make progress on an important review of the bailout program that is propping up the country’s debt-laden economy. Arriving to chair a meeting of eurozone finance ministers, Jeroen Dijsselbloem said “Im sure we will find a way to take steps.” He said […]

Eurozone bailout fund chides IMF over Greece blog

The eurozone’s ESM bailout fund criticized the International Monetary Fund on Tuesday after senior IMF staff used a blog to criticize the eurozone’s demand that Athens commit to a large primary surplus in 2018. An ESM spokesman said the European institutions were surprised to discover a blog posting on negotiations with the Greek government as […]

Bailout review needs a debt agreement, eurozone official says

The second bailout review is unlikely to conclude without an agreement on a Greek debt settlement that would satisfy the International Monetary Fund, a senior eurozone official said on Friday. However, he added that, despite the expected difficulties, he was optimistic that a deal could be reached within 2016. “I am convinced it is possible […]

Fiscal targets a priority for government

The Finance Ministry is preparing a study it plans to show Greece’s lenders when representatives return to Athens in September for the start of the next bailout review that proves Greek fiscal targets can be lowered without it leading to any extra costs for eurozone member states. Dailyhellas understands that the report, which officials hope […]

Eurozone growth to slow this year, inflation subdued

Eurozone growth will be slower than previously expected with subdued inflation this year, the European Commission said in its economic forecasts on Tuesday, warning of high external and internal risks to the bloc’s economy. The gross domestic product (GDP) of the 19-country currency area is predicted to expand 1.6 percent this year, less than the […]

FAZ readers want Greece in the Eurozone

According to a poll published in German newspaper ‘Frankfurter Allgemeine Zeitung’ (FAZ),nearly half of the German citizens (49%) were in favour of Greece remaining in the Eurozone. The poll conducted by British YouGov on behalf of FAZ revealed a substantial swing in the German public opinion on the matter of Greece’s place in the common […]

Eurozone ministers seek to end Greece bailout row

Eurozone finance ministers met Monday to defuse a bitter rift between top EU and IMF officials over how strictly to hold Greece to the ambitious reform commitments made as part of its bailout. The eurozone’s 19 ministers are meeting in Brussels just as EU leaders and Turkey hold talks next door to discuss the refugee […]

New market storm could catch eurozone unprepared

Distracted by an unresolved migration crisis and negotiations on keeping Britain in the European Union, eurozone leaders could be caught unprepared by a new storm on financial markets. Global market turmoil since the start of the year has helped set warning lights flashing in eurozone sovereign bond markets. In early February, the premium that investors […]

Soros: “The EU is on the verge of a collapse and Greece is still a problem”

American investor George Soros has estimated that Greece will continue to be a problem for the Eurozone and argued that the Greek economy will not see significant growth unless it leaves the single currency zone. In an interview he gave to the New York Review of Books, the US investor underlined that the refugee and […]

EG nears payout deal for Greece, decision seen Monday

Eurozone deputy finance ministers neared agreement on Friday on clearing disbursement of the next tranche of loans to Greece after institutions representing the creditors recommended a payout, with a final decision likely by Monday, officials said. To secure the release of the money, Greece approved a reform bill on Thursday, although the vote cost the […]

Eurozone official hopes for agreement by Monday

A top Eurozone official on Wednesday expressed the hope that Greek authorities and representatives of the institutions could reached an agreement by Monday, 9 November -when a scheduled Eurogroup meeting in Brussels will take place- to disburse the sub-installment of 2.0 billion euros to Greece. “I hope that by Monday an agreement will be reached […]