Tag Archive | "bailout"

Mixed messages on third Greek bailout talks

Eurozone countries are discussing a third bailout for Greece worth 30 billion to 50 billion euros, Spain’s economy minister said on Monday, but EU officials said there were no such talks. Full News here – Latest News

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German lawmakers approve extension of bailout program for Greece

German lawmakers approved an extension of Greece’s loan program after Chancellor Angela Merkel’s coalition staved off dissent from bailout-weary members in its own ranks. With Merkel’s government holding a majority of almost four- fifths and opposition lawmakers adding their votes, 542 voted to approve the measure, 32 voted against and 13 abstained. Full News here […]

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Restive Bundestag to approve Greek bailout extension

Germany’s parliament will vote on Friday on the extension of Greece’s bailout by four months and will duly back it though we can expect some grumbling from a clutch of lawmakers. Full News here – Latest News

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Independent Greeks seek parliamentary probe into bailout deal

Independent Greeks, the country’s junior coalition partner, will submit a request for a parliamentary probe into the events that forced Greece to sign the first bailout agreement. Full News here – Latest News

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Greek bailout deal faces review by euro officials next week

Euro-area finance ministers reached a provisional deal intended to keep aid flowing to Greece in return for a commitment to budget targets, buying time to work out the detail of longer-term Greek financing. Full News here – Latest News

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Draft accord reached on bailout extension text, officials say

Eurozone finance ministers have drafted a common text with Greece that Greek and eurozone officials said on Friday could form the basis for an agreement to extend Athens’ bailout package. Full News here – Latest News

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Austrian Finance Minister says Greece must respect bailout terms

Austrian Finance Minister Hans Joerg Schelling was quoted by a newspaper as saying Greece must complete its current bailout package before any new program can be agreed, in comments which his ministry said came before he saw Greece’s latest loan request. Full News here – Latest News

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Greek request letter for bailout extension

Following is the text of a letter sent by Greek Finance Minister Yanis Varoufakis to his Dutch counterpart Jeroen Dijsselbloem, president of the Eurogroup of eurozone finance ministers. The letter was seen by Reuters on Thursday: Full News here – Latest News

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US urges eurozone and Athens to strike a deal on bailout

US urges eurozone and Athens to strike a deal on bailout The US has urged Athens and its eurozone creditors to strike a deal over Greece's financial future, underlining international concern about the global economic fallout from a prolonged stand-off over the country's bailout. Jack Lew, US Treasury … Full News here – Read more […]

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Panayiotis Roumeliotis poised for bank bailout fund chair

The managing director of the HFSF bank bailout fund, Anastasia Sakellariou, is seen on her way to visit Deputy Prime Minister Yiannis Dragasakis on Friday. Full News here – Latest News

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Greece intends to reject bailout extension

Despite pressure from eurozone officials to agree to a further extension to the existing bailout, the Greek government insisted Friday that it would not accept its partners’ offer but would instead propose the terms of a bridging agreement to see it through the next few months. Full News here – Latest News

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2/7/2015: Front Page: Greece against bailout extension

Despite pressure from eurozone officials to agree to a further extension to the existing bailout, the Greek government insisted yesterday that it would not accept its partners’ offer but would instead propose the terms of a bridging agreement to see it… Full News here – Kathimerini English

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1/17/2015: Front Page: Troika mulls bailout extension

The next Greek government could be offered a six-month bailout extension, while a third loan package might be put together by the troika, according to reports yesterday. Reuters and the Wall Street Journal reported that European Commission, European… Full News here – Kathimerini English

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12/11/2014: Front Page: First step in approval of bailout extension

The Euro Working Group (EWG) yesterday approved Greece’s request for a two-month extension to its bailout as German Finance Minister Wolfgang Schaeuble suggested that an agreement on a precautionary credit line would not be reached until the current… Full News here – Kathimerini English

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No decision on Monday on Greek bailout extension, says Moscovici

Euro zone finance ministers will take no decision on Monday on any extension of Greece’s bailout program, which expires at the end of the year, the bloc’s top economics official said. The European Union is considering extending the current bailout by six … … Full News here – Latest News

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