Eurogroup

Portugal's Centeno is new eurozone 'Ronaldo'

Brussels - AFP

Portuguese Finance Minister Mario Centeno was elected as the new head of the Eurogroup on Monday, with the key job of pushing through much-needed reforms across the single currency bloc. The little-known economist and former central banker will replace outgoing Eurogroup chief Jeroen Dijsselbloem in January, and beat out his counterparts from Luxembourg, Slovakia and Latvia to win one ofRead more

Race to head Eurogroup heats up

Brussels - AFP

Negotiations are heating up ten days ahead of the election of a new president of the Eurogroup, whose job will be to shepherd major reforms to the eurozone currency bloc. Elected for two and a half years, the head of the Eurogroup chairs the monthly meetings of finance ministers of the 19 countries that use the single currency, with theRead more

Race to head Eurogroup heats up to major reforms

Brussels - AFP

Eurozone clears way to resume debt relief for Greece

Brussels - AFP

Eurogroup head Jeroen Dijsselbloem on Saturday said Greece had cleared up doubts and could expect a positive decision on debt relief, defusing a row over surprise handouts announced by Athens. "Happy to conclude that we have cleared the way for ESM to go ahead with decision-making procedures for short term debt measures (for Greece)," Dijsselbloem said in a tweet, referringRead more

Greek Prime Minister hails 'roadmap to debt relief' after Eurogroup meeting

Athens - XINHUA

During a cabinet meeting here on Tuesday, Greek Prime Minister Alexis Tsipras hailed the "road map to debt relief" discussed at the Eurogroup meeting on Monday in Brussels. The leftist leader spoke about a "significant day" with positive news for Greece after six years of negative news and harsh austerity, even though no concrete measures were agreed upon by eurozoneRead more

Greek government shifts focus to debt relief after pension, tax reforms

Athens - XINHUA

Greece's government has shifted its focus to debt relief following the approval of a controversial pension and tax system reforms bill by the Greek assembly early Monday, as trade unions warned of further strike actions against the new pension cuts and tax hikes. On the heels of the parliamentary vote, Finance Minister Euclid Tsakalotos arrived in Brussels for the criticalRead more

Eurogroup meeting ends without Greek debt deal

Brussels - XINHUA

Monday's Eurogroup meeting on Greek debt only lasted a few hours, ended without a concrete deal but embarked on a debate on debt relief for Greece. Finance ministers of the 19-country eurozone bloc discussed Greece's latest debt package and the contingency mechanisms in case Greece veers off course, as well as held first-round discussions on Greek debt sustainability, Eurogroup PresidentRead more

Greece asked to prepare over €3bln additional measures

Amsterdam - XINHUA

International lenders agreed Friday Greece should prepare a package of over 3 billion euros (3.37 billion U.S. dollars) in additional measures to guarantee it will reach fiscal targets to conclude the bailout reform review. "We came to the conclusion that the policy package should include a contingent package of additional measures that would be implemented, only if necessary, to reachRead more