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Tag Archives: statement

UPD ESM acknowledges, it is considering Debt Relief for Greece

The European Stability Mechanism has acknowledged that it is considering ways to grant debt relief to Greece, possibly by fixing the interest level at current low rates or by extending its maturities further. The ESM said in August 2015 that euro area finance ministers stood ready to consider, if necessary, …

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Kos: Dutch tourist treated for suspected cholera – First tests “Negative”

A case of suspected cholera infection is being currently treated in a private hospital in Athens. According to Greek media, a 79-year-old Dutch tourist was transferred from the island of Kos to Athens for tests and treatment on Sunday and he is is the Intensive Care Unit under strict hygienic …

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PM Tsipras speaks of “most extreme conservative EU forces” with “detailed plan for Grexit” (full text)

Slightly touched and with the signs of a negotiations marathon, Prime Minister Alexis Tsipras described the agreement as “the best possible outcome” after 6 months of hard negotiations. Speaking to reporters covering the Euro Summit in Brussels, Tsipras “photographed” German Finance Minister Wolfgang Schaeuble describing him as the most extreme …

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Eurogroup rests till Greece’s Referendum is over

Occasionally Silence is Golden. Therefore, the Eurogroup decided today to sit back and enjoy some tea until the nightmare is over: the Sunday’s Referendum. “No talks in the coming days….We will simply await now the outcome of the referendum on Sunday and take into account the outcome of that referendum,” …

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IMF on missing payment: “Greece is now in arrears”

Greece has defaulted on its IMF loan. It is the first Eurozone and the first developed country ever to do so. Below is the IMF’s full  statement on missing payment. Greece is “now in arrears”, not default. At least, not yet… “Greece can only receive IMF financing once the arrears …

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Eurogroup statement: “Show” goes on without Greece

The Eurogroup ministers met and rejected Greece’s request for a month extension of the program. Then Jeroen Dijsselbloem decided to hold a further EG meeting thus excluding Greece. The FinMins are supposed to decide what to do on a Plan B, Plan C or whatever or as Dijsselbloem said “in …

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Boring as Promised – Eurogroup on Greece: “Progress made, but… gaps”

It was short and rather …painful for Greece as it did not give a breath of liquidity to the cash-drained country. The eurogroup meeting ended with a rather usual statement stating: “There is progress, but..” The first message to Athens came from Valdis Dombrovskis, the European Commission Vice-President for the …

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Eurogroup statement on Greece – Full Text

Below is the full text of the Eurogroup common statement as agreed by Greece and its euro zone partners. The statement details the 4-month extension of the loan agreement (MFAFA) and the conditions Greece has to fulfill until the end of April 2015. But first of all, Greece has to …

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