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Tzanakopoulos: Eurogroup’s agreement is the most crucial step for the conclusion of program review

By   /  21/02/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Tzanakopoulos: Eurogroup’s agreement is the most crucial step for the conclusion of program review

  The agreement of the Eurogroup was the most crucial step for the conclusion of the program review, government spokesman Dimitris Tzanakopoulos said on Tuesday during a press briefing. He accused main opposition New Democracy of not being affected by these positive developments and insisting on a paradoxical line of questioning reality itself and continuing […]

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Athens agrees to legislate more measures; creditors set to return

By   /  20/02/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Athens agrees to legislate more measures; creditors set to return

  Prior to a crucial Eurogroup meeting on Monday evening, an agreement was reached an agreement was reached during a meeting in Brussels, in which participants included Greek Finance Minister Tsakalotos, Eurogroup president Jeroen Dijsselbloem, European Financial Affairs Commissioner Pierre Moscovici, Eureopean Stability Mechanism chief Klaus Regling and other representatives of Greece’s creditors. The Greek […]

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Athens hoping for “political agreement” at crucial Eurogroup meeting

By   /  19/02/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Athens hoping for “political agreement” at crucial Eurogroup meeting

Greek Finance Minister will attend a crucial Eurogroup meeting on Monday hoping for “a political agreement” to wrap up the review of its bailout program, having pointed out in recent weeks that “delays are not in the benefit of Greece or Europe”. Over the last few days, deliberations have continued between Greek government officials and […]

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Athens weighs limited number of options as pressure by creditors grows

By   /  31/01/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Athens weighs limited number of options as pressure by creditors grows

  The Greek government appears to have a limited number of options available following the 26 January Eurogroup meeting and the set of terms reportedly put forth by the International Monetary Fund (IMF) as conditions for its participation in the Greek program. Athens appears to be far off fulfilling its bailout program obligations. Bloomberg reported […]

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Eurogroup meeting on Greece ends fruitless

By   /  27/01/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Eurogroup meeting on Greece ends fruitless

A Eurogroup meeting ended in Brussels on Thursday evening without reaching an agreement on the crucial bailout program review and with no agreed schedule for the return of creditors to Athens. Eurozone Finance Ministers sent a clear message to their Greek counterpart, urging the country’s government to legislate fiscal measures that would secure primary surplus […]

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Athens sends defiant message to creditors: “No more austerity measures”

By   /  25/01/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Athens sends defiant message to creditors: “No more austerity measures”

Greek Prime Minister Alexis Tsipras sounded a warning to the country’s creditors ahead of a Eurogroup meeting this week that his government will not legislate any more austerity measures. The PM also ruled out the prospect of an early election being called and yet again called the International Monetary Fund to “assume responsibility for its […]

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Athens takes first step towards conclusion of review

By   /  24/01/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Athens takes first step towards conclusion of review

Athens looks resigned to offering concessions to its creditors in order to wrap up the stalled bailout review. Finance Minister Euclid Tsakalotos is scheduled to take part in a crucial Eurogroup meeting in Brussels on Thursday which could pave the way for the troika to return to Athens next week. A spokesman for the European […]

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Greece exceeding bailout program targets – Fin Min

By   /  19/01/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Greece exceeding bailout program targets – Fin Min

Greek Finance Minister, Euclid Tsakalotos, expressed optimism on Wednesday that Athens is on track to conclude the review of its bailout program, despite negotiations currently being on hold due to the differences of opinion between the International Monetary Fund (IMF) and European creditors over the goals of the program. “If we continue exceeding targets like […]

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Uncertainty over return of creditors to Athens

By   /  05/01/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Uncertainty over return of creditors to Athens

A spokesperson for the European Commission told reporters on Thursday that the exact date Greece’s creditors will return to Athens to resume direct talks over the ongoing review of the bailout program is unknown. In the first press conference of 2017, European Commission spokesperson for Financial Services, Taxation and Customs, Vanessa Mock, said the Commission […]

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Athens in race against time to wrap up review

By   /  03/01/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Athens in race against time to wrap up review

Finance Minister Euclid Tsakalotos will begin a series of meetings with Eurozone counterparts in the next few days as part of a drive to complete the delayed review of the country’s bailout program. Tsakalotos will therefore seek consensus before a 12 December Euro Working Group and crucial Eurogroup meeting on 26 January. As thing stand […]

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