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Tag Archives: Centeno

Eurogroup fails to agree on coronavirus-funds, blame the Dutch

Εurozone finance ministers failed to agree on more support for coronavirus-hit economies. The breakdown at the eurogroup late on Tuesday came after Italy and the Netherlands squabbled over what conditions should be attached to euro zone credit, blocking progress on half a trillion euros worth of aid. The Eurogroup has …

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Measure to “broaden tax-free basis” may be reconsidered, says Eurogroup chief

Eurogroup chief Mario Centeno opened a window for the possibility that the measure to broaden the tax-free basis may not be implemented as of 2020. Speaking to daily ethnos and private TV Open, Centeno  said that if Greece meets its fiscal goals, the issue may be again on the table. …

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Eurogroup approves disbursement of €973million “capital transfer” to Greece

Eurogroup chief Mario Centeno confirmed the approval of the approximately one-billion-euro (973 million euros) disbursement to Greece and the activation of what the Eurogroup calls “debt relief measures”, during a press conference after the end of the Eurogroup meeting in Bucharest. The almost one-billion-euros consists of 644 million euros return …

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Eurogroup chief Centeno, Greek Budget 2019 leave space to avoid pension cuts

Head of Eurogroup Mario Centeno opened the door a bit wider for the possibility that the measure for further pension cuts may not be implemented as of 1.1. 2019. The measure is “a fiscal” one and not a “structural measure,” he said on Monday. He suggested that there may be …

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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 …

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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 …

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“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 …

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Eurogroup chief Centeno sees “enormous potential” in Greece, does’t exclude “possible debt relief measures”

“Greece has gone through a very long period of economic adjustment and is now preparing to stand on its own feet as the program is approaching its expiration in August,” Eurogroup President Mario Centeno told the Athens-Macedonian News Agency (ANA) in an interview on Tuesday, noting he sees “enormous potential” …

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Eurogroup Chief says “EWG gives green light to €5.7bn disbursement for Greece”

The Eurogroup Working Group (EWG) gave the green light on Friday for the disbursement of a 5.7-billion-euro loan sub-tranche to Greece, Eurogroup chief Mario Centeno said. He added that the bailout tranche will be released in the second half of March.     the statement was posted on Twitter by …

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Portugal’s FinMin Centeno: EU should discuss Greece’s Debt Relief

The European Union should discuss debt relief for Greece and potentially move ahead even without the International Monetary Fund, Portuguese Finance Minister Mario Centeno said in an interview published Tuesday by the Bild newspaper. “We have to start this discussion,” the German newspaper quoted Centeno as saying. Eurozone finance ministers …

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