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Economy & Jobs 19-03-2015

Merkel on Greece: ‘Don’t expect a breakthrough today’

“Many of you will be attentive to the meeting on Greece. Don't expect a breakthrough today. Decisions are for the Eurogroup,” said German Chancellor Angela Merkel on her arrival at the EU Council Summit on Thursday.
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Economy & Jobs 10-03-2015

Eurogroup warns Greece: Stop wasting time

EU finance ministers met in Brussels on Monday to discuss the next steps following the decision to extend financial assistance to Greece by up to four months.
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Economy & Jobs 06-03-2015

Schulz asks Spain and Greece to work ‘in a spirit of cooperation’

“We have to work together in a spirit of cooperation,” said European Parliament President Martin Schulz after Madrid and Athens had a war of words last week over Greece's extension of its bailout programme.
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Economy & Jobs 13-02-2015

Rajoy: Spain has no money to spare, expects Greece to repay Spanish loans

Speaking to journalists after the European Council meeting on Thursday, Spanish Prime Minister Mariano Rajoy said the Spanish government expects Greece to repay the 26 billion euro loan that Madrid granted Athens.
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Economy & Jobs 13-02-2015

Dijesslbloem says political deal with Greece ‘very difficult’

Reaching a deal on Greece's emergency financing will be possible at the technical level, but a political agreement with the country's new leftist-led government will be "very difficult", Eurogroup President Jeroen Dijsselbloem said on Thursday as he left the EU Council meeting in Brussels.
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Economy & Jobs 12-02-2015

Cameron: EU-Greece ‘standoff’ affects the UK’s economy

Speaking to journalists on his arrival to the European Council meeting on Thursday, British Prime Minister David Cameron said that the EU and Greece must find a solution to the Greek crisis, in order to end a “standoff that affects a growing British economy”.
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Economy & Jobs 11-02-2015

Dijsselbloem hopes Greece ‘will stick to the reform path’

"I don't expect an outcome today, this is just a start of our talks, we have another Eurogroup planned next Monday. We will move step by step," said the Eurogroup's president Jeroen Dijsselbloem on Wednesday (11 February) in Brussels.
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Economy & Jobs 04-02-2015

Tsipras ‘optimistic’ about finding a ‘common solution for a common future’

Newly-elected Greek Prime Minister Alexis Tsipras met EU leaders in Brussels on Wednesday, in a bid to renegotiate the terms of the Troika's 240bn euro bailout plan.
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Economy & Jobs 28-01-2015

Commission expects Greece to fulfil its promises, says Katainen

"The real economy hasn't changed after the elections, the situation is still the same," said on Wednesday EU Commissioner for Jobs and Growth Jyrki Katainen, after leftist anti-bailout party Syriza won a general election in Greece on Sunday.
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Economy & Jobs 27-01-2015

Moscovici: “We want a Greece that can repay its debts”

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.'
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Euro & Finance 26-01-2015

Eurogroup head: there is little support for Greek debt write-off

“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.
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Economy & Jobs 22-01-2015

To Potami: The future of Greece lies within the eurozone

As Greece goes to the polls on Sunday in what could be a game-changing election, Greek MEP Miltos Kyrkos told EURACTIV that his newly formed political group To Potami wants to keep Greece in the eurozone.
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Greek radical leftist Syriza wins EU elections

Greece's radical leftist, anti-bailout Syriza party has won the country's EU election by a margin of nearly four points over Prime Minister Antonis Samaras's New Democracy party, the official projection showed on Sunday.
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Economy & Jobs 12-06-2012

EU discuss Greek exit plans

Limiting cash withdrawals, imposing capital controls or introducing border checks. These are the 3 main measures that the EU could implement if Greece decides to leave the euro. According to the news agency Reuters, EU finance officials have been discussing a so-called "contingency plan" ahead of the Greek elections next Sunday. As political uncertainty grows in Athens, The European Commission on Tuesday insisted that there is no Plan B for Greece and they are working towards keeping Greece in the euro zone.
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Economy & Jobs 11-06-2012

Spain joins ‘the Group of Debt’

It is not a bailout, but a nearly condition-free loan. This is the message sent by the Spanish government after euro zone finance ministers agreed on Saturday to lend Madrid up to 100 billion euros for recapitalising its banks. Following weeks of denying the need for financial assistance, Spanish PM Mariano Rajoy gave in to international pressure. He requested a rescue package that he portrayed as a triumph, but which caused outrage among Spanish citizens.
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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 08-05-2012

Greece: uncertainty grows as biggest party can’t create coalition

As if it were the plot of a Greek tragedy, the Greek people went to the polls on Sunday to punish those leaders who run the country in "austerity" mode. Both socialist PASOK and centre-right New democracy failed to get enough votes, although New Democracy emerged as the biggest party. But the center-right leader Antonis Samaras couldn't put together a coalition on Monday.