About: debt crisis

Economy & Jobs 17-04-2018

European Parliament sounds the alarm over developing world debt crisis

The number of poor countries facing major debt crises has doubled since 2013, and only 1 in 5 are now considered to be at low risk of crisis. With some countries in the midst of crisis and others on the brink, meeting the Sustainable Development Goals (SDGs) remains a pipe dream, writes Mark Perera.
Economy & Jobs 03-03-2017

Monti: Germany and France caused the economic crisis

The economic crisis in the EU was caused by the two “most revered parents” of the euro, Germany and France, which in 2003 did not comply with the stability pact, Mario Monti said today (3 March).

EU watchdog opens probe into Barrosogate

Ombudsman Emily O’Reilly began investigating the Commission’s handling of the Barrosogate scandal today (28 February).
Euro & Finance 14-02-2017

Syriza MEP: EPP tried to ‘sabotage’ Greek bailout debate in EU Parliament

The right-wing European People’s Party attempted to "sabotage" a debate today (14 February) on the Greek bailout in the European Parliament in the absence of Eurogroup president Jeroen Dijsselbloem, who cited a “heavy workload”, Syriza MEP Dimitris Papadimoulis claimed.
Global Europe 19-10-2016

Greek minister: EU needs to ‘deepen’ dialogue with Russia

Moderate voices about the future of EU-Russia relations should prevail at a summit this week (20-21 October), Greece’s Alternate Foreign Minister for European Affairs, Nikos Xydakis, told EURACTIV.com.
Climate change 17-10-2016

Greek WWF chief: Debt solution should be linked to ‘greener’ economy

Europe should explore creative ways to provide relief to indebted countries like Greece, if they pursue green investments and accelerate the switch to a sustainable economy, WWF’s Demetres Karavellas told EURACTIV.com.
Konstantinos Michalos
Banking union 14-10-2016

Greek business chief: German elections no excuse to defer Greek debt talks

The German government should not use the upcoming national elections as an excuse to defer discussions over Greece's debt, Konstantinos Michalos said in an interview with EURACTIV.com.

Advisers at odds over Greek labour reforms ahead of bailout review

A group of advisers charged with helping Greece and its foreign lenders on labour reforms disagree among themselves on key issues, a draft report seen by Reuters showed, reflecting the complexity of talks which are due to start in mid-October.

Greece’s jobless rate drops to 23.1% in second quarter

Greece's jobless rate declined to 23.1% in April-to-June from 24.9% in the first quarter, data from the country's statistics service showed on Thursday (15 September).
Euro & Finance 08-06-2016

ECB launches corporate bond buy in attempt to revive inflation

The European Central Bank started buying corporate bonds on Wednesday, picking up utility, insurance and telecom papers, as part of its latest effort to revive rock-bottom inflation by getting companies to borrow and spend.
Euro & Finance 30-06-2015

Merkel blames Tsipras for bailout deadlock

As the blame game intensifies, German Chancellor Angela Merkel accused Athens of refusing to compromise, saying no one can get 100%, while Vice Chancellor Sigmar Gabriel was even tougher on the Greek government. EURACTIV Germany reports.
Euro & Finance 24-06-2015

Greek negotiations reach new deadlock

Despite optimism at Monday’s emergency summit that a deal could be reached this week, new developments demonstrate that a significant gap remains between Athens and its lenders. EURACTIV Greece reports.
Euro & Finance 18-06-2015

Alexis Tsipras: German taxpayers are not paying for Greek pensions

In an opinion piece for EURACTIV's partner Tagesspiegel, Greek Prime Minister Alexis Tsipras argues that the assumption that Germany is paying for the wages and pensions of the Greek people is "absolutely false".
Euro & Finance 05-06-2015

How Greece hopes to make money

Greek Prime Minister Alexis Tsipras presented a 47-page list of reforms in the context of negotiations with Jean-Claude Juncker. The list contains many recommendations – especially those that have been rejected by donors.

EU deal puts Syriza’s unity to the test

A final deal between Athens and international lenders might be made by the end of June. But the terms may fracture the ruling Syriza party. EURACTIV Greece reports.
Euro & Finance 08-04-2015

Gabriel slams Greek demands for WWII reparations

Greece’s demands for WWII reparations from Germany, amid the debate over solving its debt problems, were met with criticism from Germany's Minister of Economic Affairs, and calls from the Greens for a ruling in the International Court of Justice. EURACTIV Germany reports.
Euro & Finance 16-03-2015

How we deal with Greece now will determine Europe’s political course

The EU's response to the Greek debt crisis will set the bloc's political direction for years to come. If we continue to choke the debtor, we risk drowning all of Europe, argue Ernest Maragall and Jordi Angusto. 
Euro & Finance 09-03-2015

A solution for temporary debt mutualisation in the eurozone

The ECB’s Outright Monetary Transactions Programme (OMT) has offered welcome relief for many eurozone countries struggling with high debt levels. But the destruction of capital market discipline bears considerable risks, write Clemens Fuest and Friedrich Heinemann. To address this, the authors propose the introduction of a new form of junior government bonds, "accountability bonds".
Euro & Finance 02-03-2015

Pierre Laurent: ‘Europe is an asset for Syriza, not an obstacle’

The leader of the French Communist Party sees the success of Syriza as an opportunity to set the European project on a different path. He told EURACTIV France that he hopes to gain the support of Europe's ecologist, socialist and far-left politicians. 
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Economy & Jobs 24-02-2015

Eurozone gives green light to Greek reform plan

Eurozone finance ministers approved Greece's reform plan on Tuesday, paving the way for a four-month extension of the country's financial rescue program.
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Economy & Jobs 20-02-2015

Sapin says Greek euro exit ‘not an option’

As eurozone finance ministers are holding emergency talks on the Greek crisis in Brussels on Friday, French Finance Minister Michel Sapin said the Greece's euro exit “is not an option”. “The only option is to keep working for Greece to continue at ease inside the euro, and for the rest of the eurozone to continue at ease with Greece,” he added.
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Economy & Jobs 20-02-2015

Schäuble: ‘It is not only about individual countries, it is about Europe’

As eurozone finance ministers are holding emergency talks on the Greek crisis in Brussels on Friday, German Finance Minister Wolfgang Schäuble said that “It is not only about individual countries, it is about Europe, it is about our ability to trust each other and enhance the trust of all European people.”
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Euro & Finance 20-02-2015

Varoufakis: ‘We expect our partners to meet us one fifth of the way’

Greek Finance Minister Yanis Varoufakis said on Friday that he hopes “there's going to be an agreement”, as eurozone finance ministers meet in Brussels to discuss Greece’s request to extend access to eurozone bailout funds by six months.
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Economy & Jobs 16-02-2015

Schäuble ‘sceptical’ on Greek deal

“I am very sceptical following all that has taken place during the last days because the Greek government doesn't seem to have moved at all,” German Finance Minister Wolfgang Schäuble said on Monday (16 February) ahead of a meeting of eurozone finance ministers.

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