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Tag Archives: program review

Dijsselbloem calls on end of Troika, ESM to be turned into a European IMF

Head of Eurogroup, Jeroen Dijsselbloem decided to launch a revolution. In an interview to a German conservative newspaper, he called on the end of the EU Troika and the mutation of the European Stability fund into a European IMF. Behind Dijsselbloem’s proposal stands the powerful German Finance Minister Wolfgang Schaeuble …

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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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Greece aims for agreement on 2nd review by November 28th

The Greek side is aiming for an institutions-level agreement on the second review by November 28, when the EuroWorking Group will meet to prepare for the Eurogroup on December 5, a Greek finance ministry source told the press here on Tuesday. Achieving this target will also mark the start of …

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Lenders’ Water Torture: Two Privatization issues delay Greece’s Program Review & bailout tranche

Greece and lenders are just a couple of steps away to conclude the Greek Program Review and have the 7.5-billion euro bailout tranche arrive in Athens and from there have 90% of the loan turn back to lenders. The Euro Working Group did not close the Review yesterday, Monday, but …

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Moscovici to Greece: Forget about debt relief, first program review then discussion on “debt serving”

“The IMF is an asset,” EU Commissioner for Monetary Affairs Pierre Moscovici told reporters in Brussels, as in Athens the government ministers struggle to find a way out with creditors representatives on hot potatoes like the red-loans and the pensions. But talking to Greek reporters he tried first of all …

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