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Tag Archives: Schaeuble

Deal delay: Lagarde urges eurozone to back Greece debt relief, Schaeuble…

The International Monetary Fund and the eurozone may need more time to reach an agreement on a debt relief package for Greece, the Fund’s managing director Christine Lagarde said on Friday. She urged eurozone lenders to be “far more specific” in their commitment to a debt-relief package for Greece. “We …

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EU cuts Greece growth forecast, blames the country for review delay

The European Union has sharply cut the growth forecast for Greece on Thursday, sparking worries that the long delay in the second review of the third bailout program was damaging the economy. European lenders are in a row the International Monetary Fund over the sustainability of the Greek debt. The …

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Schaeuble warns without IMF participation Greece’s program would need to radically change

German finance minister Wolfgang Schaeuble warned that without the participation of the  International Monetary Fund the current Greek fiscal adjustment program signed in August 2015 will have to radically change. The IMF insists on fiscal figures and targets the German-led Eurozone refuses to accept. Speaking to Passauer Neue Presse, Schaeuble …

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Creditors make it clear: No debt relief for Greece before 2018

Creditors have cooled down Greece that has been awaiting for debt relief measures. “Greece has done its bit, now it wants debt relief,” Prime Minister Alexis Tsipras said on Thursday, two days after the agreement with creditors on additional measures 3.6 billion euros for 2019 and 2020. However, the country’s …

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Schaeuble sees no Greek deal before primary surplus dispute with IMF solved

Deal or half deal? Success or partial success? The Greek government reported of a deal with creditors on Thursday morning, of a preliminary technical deal and stressed that negotiations on debt relief could start. A few hours later, the German finance ministry forced Greeks back to earth, to an emergency …

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Greece will need debt relief, says Dijsselbloem at EU Parliament Plenary

Eurogroup head Jeroen Dijsselbloem appeared at the Plenary of European Parliament for the first time after he stirred the Europeans of the South with insulting remarks. He made a kind of apology saying “I did not want to hurt anyone.” But as the Plenary topic was Greece, Dijsselbloem gave a …

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Tsipras says additional measures won’t be implemented if no debt relief deal

Greek Prime Minister Alexis Tsipras said that the additional austerity measures 2019-2020 will not be implemented if there is no measures for debt relief. In an interview to private ANT1 TV on Tuesday evening, the Prime Minister clarified that the government will legislate for the additional pension cuts and higher …

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Schaeuble blames Greek Gov’t for review delays due to Easter break

German Finance Minister Wolfgang Schaeuble blames the Greek government for the current delays in the review of the country’s bailout program. “The Greek government bore responsibility for current delays,” Schaeuble told reporters in Washington on the sidelines of the International Monetary Fund spring meetings. Greece is to blame that its …

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Tsipras tells Merkel “Game Over!” Background Eurogroup Malta

“Angela, once you called me about my finance minister. Now, I call you about yours.” This is what Prime Minister Alexis Tsipras told German Chancellor Angela Merkel on Wednesday, two days before the Eurogroup meeting in Malta on April 7,2017.  It was Tsipras’ phone call to Merkel that unblocked the …

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Reasons why teleconference between Greece and creditors was cancelled

The teleconference between Greece and creditors scheduled for Wednesday evening has been cancelled. The conference was to take place between Greek government representatives – Finance, Deputy Finance and Labor Ministers – and representatives from the institutions. According to government sources, the teleconference was cancelled because one of the representatives of …

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Greece’s Debt: Lagarde launches new round of argument with Schaeuble

Managing director of the International Monetary Fund, Christine Lagarde, said that she disagrees with German Finance Minister Wolfgang Schaeuble over Greece’s financial problems. “I am not aligning myself with Minister Schaeuble who says that Greece’s problem is not debt but productivity,” Lagarde said in an interview to conservative-leaning American Enterprise …

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