About: Klaus Regling

Eurogroup praises Greece’s progress as Athens asks for debt relief

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.

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.

Eurogroup launches permanent rescue fund, says Spain does not need bailout

Eurozone's new permanent rescue fund was launched on Monday at a meeting of finance ministers in Luxembourg. Funded by taxpayers' money, the so-called European Stability Mechanism will have a 500 bn euro budget to help finance debt-ridden countries.