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Tag Archives: eurogroup

Moscovici’s draft I & II to Varoufakis uploaded on internet

The draft handed out by EU Monetary affairs Commissioner to Greek Finance Minister Yanis Varoufakis prior to the Eurogroup meeting has been leaked to the press. In his press conference, Varoufakis said that he would have signed it. But Dijsselbloem had later given him another draft and he described as …

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Greece would not agree on “extend” and “current” program; Eurogroup talks end without progress

Seven hours they were sitting in the Lex-building in Brussels, Greek Finance Mninister Yanis Varoufakis did not manage to persuade the Eurogroup Finance Ministers to find a compromise with the Greek position. The talks failed as the German-led eurogroup on one side and Greece on the other could not agree …

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Eurogroup to meet in Brussels, Pro Gov’t rallies in Greece

The extraordinary Eurogroup meeting on Greece today, starts at 5:30 pm Brussels time. While Dijsselbloem & Co will be talking “Greece”, rallies will be held in Athens and other cities with thousands expecting to voice support to the Greek side during the tough negotiations with its euro-partners and lenders. Finance …

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Dijsselbloem: We will work with winner of Greek elections

The head of the group of eurozone finance ministers, Jeroen Dijsselbloem  promised Tuesday to work with the winner of the upcoming Greek election, but urged Athens to stick with austerity.  He warned that the current bailout programme must run its course until its end in March, before Greece negotiates its …

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Eurogroup FinMins give Greece two-month bailout “technical” extension

Euro zone finance ministers have provisionally granted Greece a two month “technical extension” to its €245bn bailout. The Eurogroup of finance ministers said in a statement that if a series of fiscal adjustments were carried out within the two month period, the euro zone’s rescue fund – the EFSF – …

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PM Samaras accelerates President’s election; first round of voting Dec 17/2014

The election of Greece’s next President will start already on December and not in February as originally scheduled. The first round of voting will be on December 17th that is in less than ten days from now. So far there has been no official nomination from the coalition government Nea …

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German FinMin: Release of Greece’s last bailout tranche maybe be delayed

As all finance ministers of Euro zone gathered in Brussels for a eurogroup meeting that Greece considers as ‘crucial’, German Finance Minister Wolfgang Schaeuble took advantage of the opportunity to trim the wings of the government urging for a rash bailout exit. The German FinMin warned that the release of …

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Budget 2015 passed; Eurogroup to decide bailout extension

With 155 “Yes” coalition government partners Nea Dimokratia-PASOK and one independent MP voted in favor of another austerity budget for debt-ridden Greece. 134 opposition MPs and independent MPs voted “No”. One independent MP voted “Present”.  The voting took place in the presence of 290 lawmakers as ten lawmakers were absent. …

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Athens: two metro stations to close due to Eurogroup officials / Apr 1 2014

Two metro stations in downtown Athens will be closed to public today, Tuesday, 1. April 2014. Greek police took this decision, in order to protect the Euro group finance ministers and high level officials moving between Zappeio and the new Acropolis Museum, where they will probably enjoy their dinner. Metro …

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Police bans protests and gatherings in downtown Athens / Apr 1-2/2014

General director of Attica Police banned gatherings and protests in downtown Athens on Tuesday and Wednesday, April 1st and 2nd 2014, due to the informal Eurogroup meeting and Ecofin in Zappeio. Invoking the presence of important political figures and senior officials, Greek police bans any protest and demonstrations 1. April …

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Athens: Greece’s Euro-partners will bless next bailout tranche

Greece’s lenders seem in general satisfied with the outcome of the multi-bill voting on Sunday night. The impact of voting to Greeks’ EU partners was immense. For example, one of the fierce critics of debt-ridden Greece, German Finance Minister Wolfgang Schaeuble immediately declared, he felt …relaxed. German Finance Minister Wolfgang …

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Eurogroup ministers frustrated by Greece? Try to see it the other way around…

Eurozone finance ministers are allegedly for one more time frustrated by Greece. The frustration comes apparently from a disagreement over a hole in the budget. A hole with a diameter of almost three billion euro. Greek government claim, it needs further spending cuts of just 500 million euro, while the …

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Eurogroup, Greece & the IMF: a new haircut or not?

The Eurogroup meets up on Monday in Brussels with Eurozone finance ministers expected to review individual bailout programs of Eurozone member countries. Greece will also be discussed even as its government is reportedly considering a proposal for a debt turnover Greek finance Minister Yiannis Stournaras will brief his counterparts about …

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