Search Results for: Eurogroup
Greece to try for loan extension from eurozone
February 18th, 2015
Request sees bailout terms being set aside Greece is set to submit Wednesday to the Eurogroup a request for a six-month extension to its loan agreement with its creditors, sources close to the negotiations between Athens and the eurozone ...
Commerzbank puts the chances of a Grexit at 50%
February 17th, 2015
Jacques Delors Institute also explores the possibility of a Greek leaving the euro zone In a research note released today, Commerzbank, the global banking and financial services company based in Frankfurt, attempts to answer some of the critical questions ...
Dijsselbloem: Extension of program could provide “protective umbrella” for Greece
February 17th, 2015
After the conclusion of the meeting An Ecofin meeting was completed in Brussels on Tuesday without any mention of the possibility of an agreement between the Greek government and the country’s Euro zone partners. After the conclusion of the ...
Greek stocks fall as debt deal talks stall
February 17th, 2015
Yanis Varoufakis: “We are ready and willing to do whatever it takes” Greece’s stock market fell by more than 4% at its open after European finance ministers failed to reach a new deal to restructure the country’s debts. Greek ...
Greece defies creditors, seeking credit but no bailout
February 17th, 2015
Talks between Greece and euro zone finance ministers over the country’s debt crisis broke down on Monday when Athens rejected a proposal to request a six-month extension of its international bailout package as “unacceptable”. The unexpectedly rapid collapse raised doubts about Greece’s future ...
Tokyo shares at eight-year top, Greek talks loom
February 16th, 2015
Japanese shares touched an eight-year high on Monday following a record close on Wall Street, with investors cautiously optimistic the European Union would make progress this week on a debt deal with Greece. Oil prices faded after an early spurt, ...
Greece, lenders appear to edge closer to deal
February 13th, 2015
There were hopes on Thursday that Greece and the eurozone might be edging toward a deal after Prime Minister Alexis Tsipras, attending his first European Union summit, agreed for government officials and representatives of the country’s lenders to find ...
Greek PM Tsipras in Brussels as clock ticks on EU bailout (Video)
February 12th, 2015
Greece‘s radical new prime minister Alexis Tsipras was in Brussels on Thursday to lay out his case for more financial help to fellow EU leaders following finance ministers’ failure to narrow differences overnight. The summit chairman, conservative former Polish ...
Lagarde: Greek officials ‘competent’, but deal will take time
February 12th, 2015
Greek Finance Minister Yanis Varoufakis met with IMF chief Christine Lagarde after his arrival in Brussels, where an extraordinary Eurogroup meeting takes place on Thursday evening. Speaking afterwards, Lagarde said the Greek officials are “competent”, but said reaching an ...
Greece and eurozone fail to agree on way forward, will meet again on Monday
February 12th, 2015
Wednesday’s Eurogroup ended without agreement between Greece and its eurozone partners but also without a joint statement on how to move forward. “We explored a number of issues, one of which was the current program,” Eurogroup president Jeroen Dijsselbloem ...
