Rich countries should help the world's poorest survive the coronavirus pandemic by keeping up development aid and mulling relief measures that go beyond a moratorium on debt payments, German Chancellor Angela Merkel said on Wednesday (20 May).
The G20 group of leading economies agreed on Wednesday (15 April) to suspend debt payments owed to them by some of the world's poorest countries in a bid to cushion the economic impact of the coronavirus pandemic.
EXCLUSIVE / An innovation-driven economy where rules are respected and the labour market is flexible will help Europe ensure its position in a constantly changing world, according to a European People’s Party document seen by EURACTIV.com.
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.
Greece has delivered the reforms necessary to unlock 2.8 billion euros in rescue loans from its massive third bailout, the European Commission's top economics affairs official said on Monday (10 October).
Eurozone finance ministers reached a vital deal with Greece in the early hours today (25 May) to start debt relief for Athens as demanded by the International Monetary Fund, and to unlock €10.3 billion in bailout cash.
Last week, Greece had to deal with new austerity measures and a Eurostat study invalidated the IMF’s doomsday scenario. A number of MEPs now call upon European leaders to rethink the issue of debt and review the reforms being imposed on Greece.
Only hours after anti-bailout leftist party Syriza won the elections in Greece on Sunday, EU Commissioner for Economic Affairs Pierre Moscovici said that while the European Commission hopes to have a 'constructive dialogue' with the new Greek government, it also wants a 'Greece that can repay its debts.'
“We continue to work with them if the Greeks commit to what we have agreed,” Euro group head Jeroen Dijsselbloem said on Monday as he arrived in Brussels for a meeting with euro area finance ministers. Dijsselbloem's comments come after anti-bailout leftist party Syriza won elections in Greece on Sunday.
Eurogroup ministers congratulated Greece on Monday for its signs of economic recovery, as Athens is expected to return to growth in 2014. Euro zone governments hold more than 80% of Greece’s €319 billion public debt.