About: default
‘Greece needs a humanitarian aid programme’, says Schulz
European Parliament President Martin Schulz said that “The sovereignty of the Greek people must be respected," after Greece voted “No” in Sunday's referendum on the EU bailout deal.
Merkel says ‘not enough progress’ on Greece
Speaking about Greece on her arrival at the June EU Council Summit, German Chancellor Angela Merkel said that “there hasn't been enough progress, and to some extent one can have the impression that we are moving backwards”.Tsipras ‘confident’ of reaching agreement on Greek bailout deal
“After the comprehensive Greek proposals, I am confident that we will reach a compromise that will help the eurozone and Greece to overcome the crisis,” said Greek Prime Minister Alexis Tsipras upon his arrival to the EU Council Summit on Thursday.
Eurozone leaders hopeful of Greek deal
On Monday, Eurozone leaders welcomed new Greek budget proposals and called them a 'positive step forward' towards finding an agreement with Athens that would unlock frozen aid and stop Greece from defaulting.
Dijsselbloem: New Greek proposals ‘positive step’
Speaking after a short meeting of eurozone finance ministers, Eurogroup president Jeroen Dijsselbloem said that the new proposals presented by the Greek government are seen as a “positive step' towards reaching an agreement with Athens.
Eurogroup meets amid fears of Greek default
Eurozone finance ministers gathered on Monday in Brussels, ahead of the EU leaders' summit, for emergency talks over Greece's bailout and the latest, last-minute proposals to stave off default from the Greek government.Promoted content
Greece in diplomatic talks amid euro exit fears
As European leaders slowly return from their summer break, Greece is at the center of the European stage yet again. Athens is expected this week to ask for two extra years to meet its deficit targets. The idea however hasn't gone down well amongst international creditors, who are due to release a 30 bn euro loan as early as next month in order to save Greece from defaulting. The European Commission said on Monday that no decision will be made until late September when Europe's assessment on Greece's reforms will be published.Promoted content
Eurosummit: post-game analysis
European leaders achieved a breakthrough early on Thursday to write off half of Greece's debt and seek foreign capital to double the eurozone's bailout fund to around €1 trillion. But crucial details on the fund's size were left for finance ministers to decide end of November.Promoted content
Merkel: We’re buying time for other countries
German Chancellor Angela Merkel on Sunday said that she can not rule out letting a eurozone country default on its debts. Merkel said that this is a possibility to consider once the Eurozone has a permanent rescue fund in place. In a one-hour interview with ARD television, Merkel said a permanent rescue fund is necessary to prevent crisis in countries such as Greece from spilling over to other countries that use the euro as their currency.Promoted content
Wroclaw hosts crucial Ecofin talks
Wroclaw. The fourth-largest city in Poland. Home to 660.000 people and a brand-new football stadium that opened less than a week ago with a high-profile boxing match Between Poland Adamek and World Heavyweight Champion Klitschko of the Ukraine. But this Friday, Wroclaw is hosting an entirely different kind of fight. A fight o save the common European currency, the euro.Promoted content