Friday , October 19 2018
Home / Tag Archives: eurogroup

Tag Archives: eurogroup

Debt relief for Greece: Extend loans repayment, reduce interest to near 1%?

The Eurogroup is reportedly seeking to reduce Greek debt payments by extending loans until beyond 2040 and reducing the interest rate to near 1%, well below the rate Greece would need to pay international investors. the Eurogroup meeting scheduled for upcoming Thursday is crucial for Greece as the country prepares …

Read More »

Lots of wishes but no solution for Greece’s debt at the Eurogroup meeting

Lots of wishes but no substantial results or even a breakthrough. The Eurogroup on Thursday discussed “Greece” but as the was no debt agreement between Germany and the International Monetary Fund in the Washington group meeting that preceded the European, the eurozone ministers wish Greece good luck and turned to …

Read More »

Eurogroup towards a comprehensive agreement of Greece’s exit in June

“The goal is to have a comprehensive agreement for Greece’s exit from the programme at the Eurogroup meeting in June, Eurogroup President Mario Centeno said on Friday after an informal meeting of euro area finance ministers in Sofia. Speaking to reporters, the Eurogroup’s President said that the heads of the …

Read More »

“Debt relief for Greece could be finalized soon,” says Eurogroup chief Centeno

Greece and its creditors appear to be one step closer to reaching a final agreement on the restructuring of the country’s huge debt pile, according to Eurogroup President Mario Centeno. In an interview with CNBC, Centeno said  that although there are still a “few issues” regarding Greece’s public debt, European …

Read More »

Eurogroup gives green light for €6.7billion disbursement to Greece

The Eurogroup gave the green light for the disbursement of the next bailout installment and set a 100-day course to complete the next round of of completion of the remaining prior actions. 6.7 billion euros will be paid in two installments, with the first amounting €5.7billion expected in the second …

Read More »

Portugal’s socialist Mario Centeno wins Eurogroup Presidency

Portugal’s Finance Minister, socialist Mario Centeno won the Eurogroup presidency in two rounds of voting in Brussels Monday afternoon! The Latvian and Slovak finance ministers dropped out after the first round. Centeno won in a head to head against Luxemburg’s Pierre Gramegna. 51-year-old Mario Centeno is an economist and academic  …

Read More »

Dijsselbloem announces he is quitting Dutch politics, stay as Eurogroup head until…

Dutch Finance Minister Jeroen Dijsselbloem announced that he will quit national politics as of Oct 25th, but he will stay on as the Eurogroup head until January 2018. He was caretaker finance minister after his party suffered big losses in the national elections in March. He will also quit the …

Read More »

Eurogroup says farewell to Schaeuble, first time Greece not on the agenda

It was the first Eurogroup meeting without Greece being on the agenda and the last Eurogroup meeting for outgoing German finance Minister Wolfgang Schaeuble. End of an era. End of the Schaeuble era. His colleagues paid tribute to the longest serving member. They signed on an European Union flag and …

Read More »

Greece to remain under supervision after bailout program ends, says Dijsselbloem

“Greece will remain under supervision after it exits its current bailout programme next year,” Eurogroup head Jeroen Dijsselbloem told a Greek newspaper short before arriving in Athens on Monday. Prime minister Alexis Tsipras has been telling Greeks that ‘creditors’ supervision will be over once the bailout program concludes in August …

Read More »