Serbia plans to compensate for lower than planned GDP growth in 2017. Although, according to officials, economic indicators are good, the drought has taken its toll and forced the government to change its estimates. EURACTIV.rs reports.
European Union Currency Commissioner Pierre Moscovici said he expects Greece and its international lenders to reach a compromise deal on new loans this week and that a "fair solution" will be found on debt relief.
Greece's Prime Minister Alexis Tsipras on Wednesday (7 June) urged the EU to commit to investment aimed at boosting Greek growth in order to break a deadlock between European creditors and the IMF over the nation's debt.
Eurozone governments will consider medium-term debt relief for Greece as promised in a statement in May 2016 once Athens implements the reforms it agreed to earlier this week, a eurozone official said on Thursday (4 May).
At the Women20 Summit in Berlin, female leaders from around the world discussed how to promote economic empowerment of women on the agenda of a still male-dominated G20 leadership. EURACTIV Germany reports.
Greece's prime minister held out for a commitment from lenders to debt relief on Tuesday (25 April), and said he was confident new talks in Athens over a long-stalled bailout review would reach a deal by a 22 May target.
The International Monetary Fund must hold firm to its stated position in support of debt relief for Greece in meetings of finance ministers that will take place in Washington this week, writes William Rhodes.
The International Monetary Fund (IMF) will participate in the Greek bailout programme on the condition that the country’s debt is sustainable and, thus, a restructuring will be needed, IMF chief Christine Lagarde warned on Tuesday (18 April).
Ukraine's reformist central bank chief, Valeriya Gontareva, submitted her resignation today (10 April) after coming under intense pressure from tycoons whose banks were shut down for illegal transactions and loans.
The International Monetary Fund has decided to release the next $1 billion loan payment to Ukraine, which had been postponed following the blockade imposed on the separatist east of the country, the Ukrainian president said yesterday (3 April).
The European Stability Mechanism (ESM) – the eurozone's bailout fund – should ultimately be turned into a European version of the International Monetary Fund IMF, according to the head of eurozone finance ministers.
The German government still wants to set up a European monetary fund but the European Commission does not want to surrender any responsibility for assessing eurozone finances. EURACTIV’s partner Der Tagesspiegel reports.
In the current negotiations over a new loan package for Greece, collective bargaining and worker rights have been in the spotlight. But expert opinion in favour of these tools is being ignored by Greece’s lenders, warn Jan Willem Goudriaan and Richard Pond.
Greece must not be granted a "bail in" that would involve creditors taking a loss on their loans, Germany's deputy finance minister said yesterday (26 February), as Athens announced how much gold it has in reserve.
Germany should do all it can to keep Greece in the eurozone, German Foreign Minister Sigmar Gabriel said in an interview on Tuesday (21 February), amid renewed tensions between Athens and its international creditors over its bailout programme.