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Evangelos Mytilineos Interview
Electricity 14-03-2016

Mytilineos: Commission must have a greater role in the Greek bailout

The European Commission should play a greater role in the Greek bailout and push for reforms rather than IMF’s obsession for fiscal adjustment, Evangelos Mytilineos said in an interview with EURACTIV.
Economy & Jobs 28-07-2015

Varoufakis’ allegations ‘false and unfounded’, says Commission

"On what Mr Varoufakis has been saying, the allegations that the troika was controlling the secretariat general of public revenues are false and unfounded," European Commission spokeswoman Mina Andreeva told a news briefing, referring to the "troika" of Greece's creditors the Commission, European Central Bank and International Monetary Fund.
Economy & Jobs 02-07-2015

No further talks with Greece before referendum, Dijsselboem says

“The political situation has not changed. There are no grounds for an extension. So unfortunately the programme expired last night at midnight,” Eurogroup President Jeroen Dijsselboem said on Wednesday after eurozone finance ministers held a conference call to discuss the Greek crisis.
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Europe's East 16-12-2014

Jaresko: Ukraine needs all the help we can get

In an interview with EURACTIV's Georgi Gotev, Natalie Ann Jaresko, the Ukrainian Finance Minister, talked about the cause of the current financial crises in Ukraine and the country's need for continued assistance.
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Energy 31-10-2014

Ukraine, Russia, EU sign a $4,6 billion gas deal

After seven rounds of gas negotiations, Ukraine, Russia and the European Union signed a 4,6 billion dollar gas deal on Thursday. The agreement will see Moscow resume vital supplies of gas to its ex-Soviet neighbour over the winter in return for payments funded in part by Kyiv's Western creditors.
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Europe's East 20-05-2014

Ukraine gets first €100 million in EU aid

The European Commission disbursed a first loan of €100 million to Ukraine on Tuesday. It is the first tranche of a 1.6 billion euro package that the EU pledged last month to help Kiev's struggling economy.
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Euro & Finance 02-04-2013

EC on latest developments in Cyprus

Cyprus clinched a last-ditch deal with international lenders on 25 March to shut down its second largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians, in return for a €10-billion bailout. Under the deal, Cyprus Popular Bank will be closed and its guaranteed deposits of up to €100,000 transferred to the biggest bank, Bank of Cyprus.
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Euro & Finance 25-03-2013

Eurogroup’s press conference on Cyprus’ bailout deal

Cyprus clinched a last-ditch deal with international lenders early today (25 March) to shut down its second largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians, in return for a €10-billion bailout.
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Economy & Jobs 18-03-2013

Cyprus delays vote on EU bailout, Putin calls plan ‘dangerous’

Cyprus' parliament has delayed a crucial vote until Tuesday about a controversial bailout deal reached by the EU and the IMF at the weekend. The newly-elected center-right president Nicos Anastasiades presented the deal as the only solution possible to avoid bankrapci and is currently seeking support from other political parties to ratify the agreement. He has already promised to soften the conditions for small savers.
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Central Europe 31-01-2013

Hungary’s Orban urges end to EU deficit procedure

In a snap visit to Brussels, Hungarian Prime Minister Viktor Orban on Wednesday urged EU officials to ease pressure on Budapest and recognize the country's efforts to cut its excessive deficit. Orban wants Hungary to be removed from the EU's excessive deficit procedure, which Budapest is under since it joined the EU in 2004. The procedure forces countries to keep their deficits below 3% of GDP.
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Euro & Finance 30-01-2013

Good results drag Spain away from bailout territory

Madrid announced on Tuesday (29 January) that it had beaten revenue targets for 2012 as tax hikes offset a shrinking economy, moving the country further away from an EU-IMF sovereign bailout which seemed unavoidable a few months ago.
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Economy & Jobs 21-08-2012

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.
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Economy & Jobs 15-06-2012

Greece election to decide fate of euro

Greece is holding elections next Sunday in what could be a decisive day for the fate of the euro zone. After Greek political parties failed to form a government on the 6th of May, Greeks go to the polls again to decide wether they want to keep the euro. Recent polls have shown a tight race between anti-bailout extreme-left coalition Syriza and center-right New Democracy. Earlier this week, Syriza's leader insisted that he doesn't hope for a Greek euro exit, but he wants to renegotiate the severe bailout conditions imposed by the Troika.
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Economy & Jobs 15-05-2012

European FMs rule out a ‘Grexit’

Discussions of a Greek euro exit, or a Grexit, have become more prominent in Brussels after Greek leaders failed to form a coalition government since elections were held on 6th of May. But eurozone finance ministers on Monday reaffirmed their commitments to keep Greece in the euro zone. But the EU also warned the Greek authorities that the austerity measures agreed need to be implemented. Greece is due to receive a second bailout in early June in order to avoid default.
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Elections 12-04-2012

Outrage over Greek plan to blow 30 mln euro on elections

After calling a snap election for May, the Greek Parliament on Monday approved a 30 million euros budget to finance the campaigns of its political parties. The move has caused outrage inside and outside the country. Greece recently underwent severe cuts in public spending after it received a second bailout fund of 130 billion euros.
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Economy & Jobs 11-04-2012

Spain denies bailout talks

Is Spain next in line for a Greek style bail-out? Spanish Finance Minister Luis de Guindos does't think so, at least not for the moment. Spain is at the center of a financial storm as markets pushed the cost of its bonds to soar above 6%. In a bid to calm the markets and keep Brussels happy, the Spanish government on Tuesday announced a 10 billion euro slash in its public spending. The European commission welcomed the move, which comes on top of 78 billion euros in cuts presented in March.
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Central Europe 22-02-2012

EU to cut Hungary funds over excessive deficit

The European Commission said on Wednesday that it plans to suspend 495 million euros in Cohesion Funds from Hungary as the country has failed to reduce its deficit. It is the first time Brussels decides to withhold development funds, which are destined to support infrastructure projects in the EU's poorer regions.
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Economy & Jobs 21-02-2012

Eurozone agrees on Greek bailout deal

After more than 12 hours of negotiations, Euro zone finance ministers on Monday agreed on a second bail-out deal for Greece. In exchange of 130 billion euros in financial aid, the Greek authorities will have to further cut public spending. Europe wants to see Greece repaying its debt before funding other government services. As Greek elections are due in April, a strong political commitment was also one of the key elements in reaching an agreement.
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Central Europe 12-01-2012

Barroso warns Hungary it needs to comply with EU laws

The European Union will make sure that Hungary complies with all the bloc's laws, the head of the bloc's executive promised on Thursday. Hungary's conservative government is under fire for a series of new laws and constitutional amendments which critics say unduly concentrate powers on a range of matters - from finances to election law - with the administration.
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Central Europe 05-01-2012

Hungary’s new constitution, media law triggers EC nerves

An EU official has warned that talks with Hungary over emergency funding could be frozen and the country faces possible legal action if its controversial new constitution breaches European treaties. Full story at http://www.euractiv.com/euro-finance/hungary-face-bailout-freeze-legal-action...
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Economy & Jobs 15-05-2011

IMF chief Strauss-Kahn arrested in New York

The arrest of Dominique Strauss-Kahn, head of the International Monetary Fund, in New York threatens crucial talks with Greece over its lagging budget reforms. The talks were scheduled for Brussels on Monday and Tuesday, together with European Union finance ministers and the European Central Bank.
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Economy & Jobs 13-05-2011

Euro crisis set to flare up as Greek default looms

The debt crisis in the euro zone is being reignited now that it is clear that Greece is not delivering on its promised reforms. Related story on EURACTIV.com: http://twurl.nl/21heul Greece is failing to meet its restructuring targets. This means that Eurozone countries are no longer willing to send money to Athens as part of the European emergency support. Only with very tough measures, the Athens government can prevent this from happening.
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