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Tag Archives: eurogroup

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  …

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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 …

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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 …

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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 …

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A Eurogroup without whining about a Greek ‘something’ is half the joy…

As if we did not have enough trouble with the oil spill, a long-time-not-seen Eurogroup meeting took place in Tallinn, Estonia, today. Greece’s lenders came together to catch up with the struggling country. Top on the agenda was the implementation of the Greek program and the third review. Eurogroup head …

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Moscovici: Greece will need to legislate a few more fiscal measures

European Commissioner for Economic and Financial Affairs, Pierre Moscovici, said that Greece needs to still legislate a few more fiscal measures but also measures to modernize the public administration and state services. He did acknowledge that the bulk of austerity measures Greece legislated in May were sufficient for the country …

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Poland FM Waszczykowski: Greece is Germany’s ‘de facto colony’

“Poor Alexis Tsipras”,  “Greece’s debt relief is hostage to Berlin’s elections politics”, “Greece is Germany’s de facto colony.” Based on an interview with Polish Foreign Minister Witold Waszczykowski, where he explains why Poland does not want to join the Eurozone, Politico EU writes, among others: From the beginning of the …

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Greek Gov’t: We are far from finding a solution at the Eurogroup on Thursday

It is usually German Finance Minister Wolfgang Schaeuble who claims pessimism on solution ahead of crucial Eurogroup meetings. This time – for a change – it is the Greek government. “We are far from finding a solution at the Eurogroup on Thursday, given that Germany has not taken any progress …

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ECB says unlikely to include Greece in QE in next months

The European Central Bank is unlikely to include Greek bonds in its asset-purchase program for the foreseeable future, a person familiar with the matter said, as European creditors aren’t prepared to offer substantially easier repayment terms on bailout loans to improve the nation’s debt outlook. Lack of clarity on debt …

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Solution at Eurogroup? Only with Le Maire’s lucky amulet and Greek Gods’ help

When logic does not help, desperate people turn to superstition. French fiance minister Bruno Le Maire brought a groundbreaking proposal to Athens, a proposal aiming to break the deadlock between Germany and the International Monetary Fund on the Greek debt relief issue. However, Le Maire’s plan is “too complex” and …

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French FinMin Le Maire in Athens with a Debt Proposal the IFM and Berlin tend to reject

French Finance Minister Bruno Le Maire expressed optimism Greece and creditors are not far away from the agreement. “The next two days will pave the way for an agreement at the Eurogroup” on June 15, Le Maire told reporters after a meeting with his Greek counterpart Euclid Tsakalotos in Athens …

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