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Saturday, October 20, 2018

Debt Crisis

Merkel and Macron propose Eurozone budget

The leaders of Germany and France agreed to create a Eurozone budget they hope will boost investment and provide a safety mechanism for the 19 nations using the euro currency, and also to seek a European solution to migration issues.

Protests against more austerity measures in Greece

Protesters outside Greece's parliament threw boxes of fish at police ahead of a vote that approved new austerity measures.

Dombrovskis urges lenders to unblock new loans for Greece

A deal next week on unblocking new loans for Greece is seen as crucial to prevent Athens from defaulting on debts due in July.

Greek economy begins to show signs of recovery

Greece's economy expanded in the first three months of 2017, upwardly revising a previous flash estimate in May that showed a 0.1 percent quarterly contraction.
eu greece deal

EU confident Eurogroup will reach deal on Greece

Athens needs funds to repay 7.5 billion euros of debt maturing in July

EU and IMF need more time for Greek debt relief deal

The International Monetary Fund and eurozone government lenders need more time to reach an agreement on debt relief for Greece.

European Union’s budget watchdog fines ‘cheating’ Austria

The Commission is recommending that EU member states endorse the fine for "statistical misrepresentation."

Eurogroup reaches deal with Greece on return of bailout inspectors

Jeroen Dijsselbloem, the eurozone's top official, said they will work with Greek authorities on an additional package of structural reforms to be made by the cash-strapped country.

Déjà vu: Grexit is back on the table!

The British vote to leave the European Union has dominated the economic headlines since last summer’s referendum and overshadowed the fear that Greece — the EU’s most vulnerable and debt-laden country — would crash out of the Eurozone. But could Grexit be poised for a comeback?

Austerity-wracked Greece refuses more cuts as EU officials call for speedy deal

European Union officials urged Greece and its lenders to conclude a long-overdue bailout review quickly to safeguard economic recovery but Athens said it wouldn't ask "a euro more" from its austerity-wracked citizens.

EU in talks with Italy over bailout for Veneto banks

The Rome government has already won approval from the European Commission to use the mechanism for an 8.8 billion euro bailout of Monte dei Paschi di Siena, the world's oldest bank.

‘Eurogroupie’ Dijsselbloem not haunted by guilt over Greek debt consequences

The size of Greece's primary budget surplus was the among topics of discussion at a meeting of key players in the country's bailout and reform program.

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