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Tag Archives: eurogroup

Greece goes to Eurogroup with ‘low’ to ‘moderate’ expectations

The Greek team goes to Eurogroup with anything but great expectations. The topic “Greece” is third on today’s agenda of the finance ministers of the eurozone.  Athens seeks a political solution to the Greek problem and anticipates the meeting between German Chancellor Angela Merkel with the managing director of the …

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IMF’s wrong forecasts increased Greece’s funding needs

The International Monetary Fund (IMF) has made serious mistakes in the first memorandum, noted the chairman of Attica Bank and Greece’s former representative to IMF Panagiotis Roumeliotis speaking to Athens Macedonian News Agency. “The wrong forecasts increased Greece’s funding needs” he said while referring to the second review he estimated …

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Schaeuble: “I have never made Grexit threats”

German Finance Minister Wolfgang Schaeuble denied on Sunday that he had said Greece would have to leave the eurozone if it failed to implement economic reforms. In an ARD television interview, Schaeuble that Greece would not have problems if it implemented agreed reforms, but would if it fails to carry …

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Dijsselbloem: Greece review will not conclude at Eurogroup Feb 20

Jeroen Dijsselbloem said that the second review of Greece’s program will not conclude in time for the next Eurogroup meeting scheduled for Monday, February 20. The Dutch finance minister who is also head of the Eurogroup stressed that the participation of the International Monetary Fund remains essential for the continuation …

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Mustery solved: Greece to hire Rotchild as debt adviser

As concerns over Greece and its debt mount, Athens has reportedly decided to call in Rothschild, one of the oldest financial firms in the world, to navigate the country’s long-running creditor stand-off and avert default. According to the Financial Times, Greek authorities hope to finalize the appointment before crunch debt …

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Thus Spake Schaeuble: EU creditors freeze minor debt relief for Greece

The otherwise so slow-paced European Union was quick to react to the social measures Greek Prime Minister Alexis Tsipras announced five days ago. The country’s European creditors decided to freeze the minor debt relief for Greece in protest at Greek government’s Christmas bonus to low-pensioners and scrapping upcoming Value Added …

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Why are EU & Eurozone partners afraid of Dr Schaeuble?

At the Eurgorup meeting on Monday, Germany won. There will be no program review for Greece this year. Athens has to wait until it could be able to sell bonds to the European Central Bank’s quantitative easing scheme and return to the markets. The stalemate allegedly left Greece’s allies among its …

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Greece’s Govt says Eurogroup decision “will lower debt by more than €45billion”

The short-term measures announced by the Eurogroup on Monday will lower Greece’s debt by more than 45 billion euros, while rates were set at 1.5 percent, government sources said on Monday, commenting on the meeting of Eurozone’s finance ministers in Brussels. “It is a national success,” the same sources said, …

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Schaeuble: Greece must reform or leave the eurozone

Greece must reform or leave eurozone. German finance minister Wolfgang Schaeuble o000mmed his favorite mantra and ruled out  debt relief for Greece before on Sunday. Just hours before the Eurogroup meeting to discuss the second review of the third bailout program -and the Italian slap in the face of the  …

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ESM proposals could reduce Greece’s debt by a fifth in 2060

Confidential proposals drawn up by the eurozone’s bailout fund European Stability Mechanism could reduce Greece’s debt load by about a fifth in 2060. The six -page document, dated November 25th 2016, outlines measures that that could be taken in the near future to reduce Greece’s large debt load. According to …

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Crucial program review negotiations end without agreement

The critical negotiations between Greece and the lenders aiming to conclude the second program review …concluded at 5:30 a.m. on Tuesday without agreement. Main issues that still remain open are the Labor and the Fiscal ones. There was some convergence in the fiscal issues, the gap decreased to 600 million …

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Dijsselbloem : Eurogroup to discuss debt relief for “committed” Greece

Winds of Change? Juncker, Moscovici and Dijsselbloem ‘secretly’ plot an uprising and revolt against Schaeuble? Eurogroup head Jeroen Dijsselbloem said that the Greek government is very committed and more cooperative than the other governments under the bailout agreements and that the Eurogroup will discuss debt relief measures on December 5th …

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Eurogroup FinMins meet on Greece, Cyprus, Spain, Inflation in EZ

Ongoing negotiations over a second review of the Greek program (third bailout) as well as a pending report by the EU Commission’s Structural Reform Support Service (SRSS) are on the agenda of the Eurogroup meeting later today. According to a press release over the weekend, the Eurozone finance ministers will review …

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