About: Troika

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.
Economy & Jobs 25-06-2015

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”.
Economy & Jobs 25-06-2015

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.
Economy & Jobs 23-06-2015

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.
Euro & Finance 22-06-2015

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.
Economy & Jobs 22-06-2015

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.
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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 20-02-2015

Sapin says Greek euro exit ‘not an option’

As eurozone finance ministers are holding emergency talks on the Greek crisis in Brussels on Friday, French Finance Minister Michel Sapin said the Greece's euro exit “is not an option”. “The only option is to keep working for Greece to continue at ease inside the euro, and for the rest of the eurozone to continue at ease with Greece,” he added.
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Economy & Jobs 20-02-2015

Schäuble: ‘It is not only about individual countries, it is about Europe’

As eurozone finance ministers are holding emergency talks on the Greek crisis in Brussels on Friday, German Finance Minister Wolfgang Schäuble said that “It is not only about individual countries, it is about Europe, it is about our ability to trust each other and enhance the trust of all European people.”
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Euro & Finance 20-02-2015

Varoufakis: ‘We expect our partners to meet us one fifth of the way’

Greek Finance Minister Yanis Varoufakis said on Friday that he hopes “there's going to be an agreement”, as eurozone finance ministers meet in Brussels to discuss Greece’s request to extend access to eurozone bailout funds by six months.
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Economy & Jobs 17-02-2015

Greece to EU: No deal

On Monday, Eurozone finance ministers failed to reach an agreement on how to proceed with Greece's bailout programme after it expires at the end of the month.
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Economy & Jobs 16-02-2015

Spanish FM rebukes Tsipras: “Rajoy doesn’t get nervous”

Spanish Finance Minister Luis De Guindos rejected Greek Prime Minister Alexis Tsipras’ claim that he saw Spanish leader Mariano Rajoy 'looking nervous' as EU Heads of State discussed the Greece crisis at an EU Council Summit last week.
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Economy & Jobs 16-02-2015

Schäuble ‘sceptical’ on Greek deal

“I am very sceptical following all that has taken place during the last days because the Greek government doesn't seem to have moved at all,” German Finance Minister Wolfgang Schäuble said on Monday (16 February) ahead of a meeting of eurozone finance ministers.
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Economy & Jobs 16-02-2015

Moscovici on Greece: “We need to reach an agreement”

“We want and we need to reach an agreement. The will is there,” said EU Economic and Financial Affairs Commissioner Pierre Moscovici ahead of a “decisive” meeting of eurozone finance ministers in Brussels on Monday.
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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 25-04-2014

Commission: Greece has made ‘delayed but substantial’ progress

The European Commission said on Friday that despite Greece's 'delayed but substantial progress', Athens still needs to rely on its international creditors to remain fully funded.
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Economy & Jobs 01-04-2014

EU ministers agree 3-part bailout loan for Greece

Eurozone finance ministers approved on Tuesday the latest bailout aid for Greece, ending a six-month stand-off between Athens and its international lenders.
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Economy & Jobs 06-11-2013

MEPS criticise Troika as inspectors return to Greece

As the so-called Troika is set to return to Greece on Wednesday for a bailout review,  MEPs criticised on Tuesday the accountability of its inspectors and lack of 'democratic legitimacy'. In a public hearing at the European Parliament in Brussels, EU lawmakers also accused the Troika of making mistakes in the economic forecasts behind the bailout programmes for countries like Greece or Ireland.
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Economy & Jobs 21-08-2013

EU’s Rehn does not rule out a third Greek bailout

As the debate on whether Greece will need a third bailout intensifies, EU economic affairs commissioner Olli Rehn declined on Wednesday to rule out the possibility. Speaking to a Finnish newspaper, Rehn also said that other options, such as extending the repayment period on existing loans, are also on the table. Rehn's comments come after the German finance minister said on Tuesday that Greece will need a third bailout, only 5 weeks before the biggest EU economy holds elections.
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Economy & Jobs 08-04-2013

EU warns Portugal to stick to fiscal targets after court ruling

Brussels has warned Portugal to stick to the bailout austerity measures agreed in 2011 or risk losing further financial hep. The warning came following a decision by the Portuguese constitutional court to reject a set of unpopular public spending cuts aimed at reducing the country's deficit. In a televised speech on Sunday, Portugal's prime minister Pedro Passos Coelho described the country's economic situation as a 'national emergency' and pled to follow the terms agreed with international lenders.
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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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