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Tag Archives: eurogroup

German FinMin Scholz to block €970mn for Greece at Eurogroup

German finance minister Olaf Scholz (SPD) plans to block the release of 970 million euros for Greece at the Eurogroup meeting in Brussels on Monday. According to an internal memo of the German Finance Ministry obtained by daily Handelsblatt, the Eurogroup should postpone its decision [for the money release] at …

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Transparency Int slams Eurogroup practices, “small states not protected”

There is “no real progress” in attempts to make the Eurogroup more transparent, a member of the Dutch parliament told EUobserver. “We are not making any headway with this file,” said Renske Leijten, MP for the socialist party. Almost a year ago, Leijten travelled to Brussels with two fellow Dutch …

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Petition demanding €8bn ECB profits return to Greece handed to Eurogroup

In a meeting with Eurogroup spokesperson Luis Rego, a group of campaigners including Positive Money Europe handed a petition to euro zone finance ministers demanding that Greece gets back the profits made off of its debt. Luis Rego promised the campaigners to bring the issue to the attention of EG …

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Campaigners demand from Eurogroup full return of ECB profits to Greece

Campaigners from pressure groups Positive Money Europe, WeMove.EU and Eurodad will hand in a petition to the Eurogroup as it meets at 15h00 CEST on Friday demanding Greek debt profits are fully returned from the European Central Bank. According to pressure groups investigation, €8 billion are missing from the Eurogroup …

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What will happen if Greece abolishes the pension cuts despite creditors objections?

Greece insists that the austerity measure to further pension cuts as of 1. January 2019 is not necessary. Creditors try to avoid commenting on that, although the usual “Euro Sources Anonymous” claim that the euro finance ministers are against abolishing of the measure. “Greece’s budget 2019 will not include pension …

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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 …

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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 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 …

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