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.
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.
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.
Greece's government is considering selling stakes in its two largest ports as a concession to reach an agreement with its lenders and unlock bailout funds, a government official said yesterday (29 April).
Warning Greece it had "no time to lose", eurozone ministers agreed to technical talks between finance experts from Athens and its international creditors would start on Wednesday (11 March) with the aim of unlocking further funding.
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.
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.”
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.
Greece's leftist-led government said it will ask the eurozone on Thursday (19 February) to extend a "loan agreement" for up to six months, raising prospects of a last-minute deal to keep the heavily indebted country afloat.
Talks between Greece and eurozone finance ministers over the country's debt crisis broke down on Monday (16 February) when Athens rejected a proposal to request a six-month extension of its international bailout package as "unacceptable".
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.
“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.
“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.
Greek Prime Minister Alexis Tsipras repeatedly said during an EU summit on Thursday (12 February) that the "Troika is over." But he also agreed to a resumption of crisis talks with the three creditor institutions in the coming days, initiating what appears like a climb down.
Greece's new leftist government and its international creditors failed to agree on a way forward for the country's unpopular bailout programme, and will try again on 16 February, with time running out for a financing deal.
The visit to Cyprus by the newly elected Greek Prime Minister Alexis Tsipras was an overwhelming success, one that offered hope that things are about to change for the better, writes Andreas Chrysafis.
Ahead of a visit from the new Greek Finance Minister in Berlin on Thursday (5 February), the centre-right faction in the Bundestag, Germany’s lower house, is standing its ground on Greece’s reform commitments, rejecting a debt haircut and an end to Troika inspections. EURACTIV Germany reports.
On a visit to Cyprus on 2 February, Greek Prime Minister Alexis Tsipras told his host, Cyprus President Nikos Anastasiades, that the two countries could form a bridge between Europe and Russia, currently estranged over Ukraine.
Greece's leftist government began its drive to persuade a sceptical Europe to accept a new debt agreement on Sunday (1 February) while it starts to roll back on austerity measures imposed under its existing bailout agreement.