About: Euclid Tsakalotos

Economy & Jobs 14-02-2018

Not the time to discuss Greece after bailout, Commission says

Greece and its creditors will discuss the appropriate type of post-programme surveillance of the country or any support arrangement "at the appropriate time", a European Commission spokesperson told EURACTIV.com.
Economy & Jobs 31-01-2018

Greece wants clean break from lenders, preparing own post-bailout plan

Greece expects to make a clean break with official lenders when its international bailout expires in August and has no reason to seek a precautionary credit line, its finance minister has told Reuters.
Economy & Jobs 04-12-2017

Greece, lenders reach deal on reforms under bailout review

Greece and its euro zone creditors reached a preliminary deal on Saturday (2 December) on reforms Athens needs to roll out under its bailout programme, a move that could pave the way for the country to leave the aid plan in August.
Economy & Jobs 02-05-2017

Greece, lenders reach long-awaited deal on bailout reforms

Greece and its foreign creditors reached a deal early today (2 May) on a package of bailout-mandated reforms, Greek Finance Minister Euclid Tsakalotos said, paving the way for the disbursement of further rescue funds.
Economy & Jobs 19-04-2017

IMF insists that Greece needs a debt restructuring

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).
Euro & Finance 10-02-2017

Lenders agree on more austerity for Greece to avoid default

Eurozone and IMF officials met with Greek Finance Minister Euclid Tsakalotos this afternoon (10 February) to overcome the stalemate in the bailout programme after the lenders agreed to request an additional €3.6 billion in cuts by 2018.
Euro & Finance 01-02-2017

For Greece and Its creditors, the clock is ticking

Both Athens and its creditors want to complete the review of Greece’s bailout program before the European electoral season starts in March, making an agreement likely, writes Stratfor.
Euro & Finance 19-01-2017

German SPD says Europe can back Athens without the IMF

In an interview with Süddeutsche Zeitung, Social Democratic Party of Germany (SPD) deputy chairman Carsten Schneider insisted that the International Monetary Fund's (IMF) participation in the Greek bailout was not necessary. EURACTIV Greece reports.
Euro & Finance 16-12-2016

Greece snubs lenders, approves Christmas bonus

Greece snubbed its international lenders and legislated plans yesterday (15 December) to give pensioners a one-off Christmas bonus despite misgivings from creditors in a standoff over the country's third bailout.
Euro & Finance 06-12-2016

Eurozone agrees short-term debt relief for Greece amid IMF row

Eurozone finance ministers on Monday approved new debt relief measures to alleviate Greece's colossal debt mountain in the wake of its huge €86 billion bailout, but at levels far short of those demanded by the IMF.
Euro & Finance 10-05-2016

Eurozone hopes for Greece debt deal on 24 May

Eurozone finance ministers yesterday (9 May) gave themselves until 24 May to reach a deal on debt relief and unlocking bailout cash for Greece as they lauded Athens for passing tough reforms.
Euro & Finance 09-05-2016

Greece adopts more austerity reforms ahead of key Eurogroup talks

Greek lawmakers adopted a controversial package of pension cuts and tax hikes as eurozone finance ministers geared up for an emergency meeting today (9 May) to hammer out fresh reforms for Athens to stave off another eurozone crisis.
Euro & Finance 13-04-2016

Greece says ‘close’ to deal with creditors

Greece said late on Tuesday that (12 April) it was "very close" to clinching a deal with its international creditors, despite a suspension of a tough round of talks on the country's latest reforms.
Euro & Finance 15-01-2016

Athens caves in, accepts IMF participation in bailout plan

Greece "fully accepted" on Thursday (14 January) that the hardline IMF take a role in its massive third bailout, backing away from one of the last battle lines splitting Athens and its eurozone creditors.
Elections 27-08-2015

Ahead of election, Syriza poses as guarantor of bailout deal

A major sell-off of Greek public assets promised as part of its huge international bailout will go ahead as planned, outgoing Greek Economy Minister Georges Stathakis said on Wednesday (26 August), despite looming snap elections.
Euro & Finance 16-07-2015

Greek parliament approves bailout

Greece's parliament passed sweeping austerity measures demanded by lenders to open talks on a new bailout package early Thursday (16 July), but dozens of hardliners in the ruling Syriza party deserted Prime Minister Alexis Tsipras.
Euro & Finance 14-07-2015

Spain fears loss of influence in EU

After Jeroen Dijsselbloem defeated Luis de Guindos to lead the Eurogroup on Monday (12 July), Spain is confronted by its lowest level of representation in the institutions since it first joined the European Union in 1986. EURACTIV Spain reports.
Euclid Tsakalotos
Euro & Finance 07-07-2015

Greece will request new financial programme

Greece did not submit any new reform proposals at Tuesday's (7 July) meeting of eurozone finance ministers in Brussels, but will request a new financial programme tomorrow, according to Eurogroup President Jeroen Dijsselbloem. 
Euro & Finance 07-07-2015

Hollande, Merkel press Greece to bring serious proposals to Eurogroup summit

France and Germany told Greece on Monday (6 July) to bring serious proposals to the eurozone summit today, in order to restart financial aid talks. In the meantime, the Netherlands warned that if the Greeks went to Brussels demanding changes because they felt supported by the "No" vote in the referendum, it would be ‘over’ for them.