Greece and its European creditors are finally making progress only days after combative Finance Minister Yanis Varoufakis was effectively sidelined from talks on its enormous debt, EU sources said Sunday (3 May).
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).
Prime Minister Alexis Tsipras will meet German Chancellor Angela Merkel on the sidelines of an EU summit in Brussels Thursday (23 April), the eve of a crucial meeting of eurozone finance ministers to assess progress made by Athens in its reform pledges.
Top European officials and Greece's finance minister were forced to play down fears on Thursday (16 April) that the country was poised to exit the eurozone, after the IMF rejected suggestions that Athens would postpone loan repayments.
Germany's finance minister said yesterday (15 April) that there was no prospect of the eurozone reaching a deal with Athens next week on economic reforms that would unlock bailout funds, potentially leaving Greece perilously short of money.
Greek Finance Minister Yanis Varoufakis has called on the European Union to reform its institutions and use the EIB to boost investment in Greece. He believes the EU should address the structural inequalities that plague its weakest members. EURACTIV France reports.
Greek Finance Minister Yanis Varoufakis said yesterday (5 April) that Greece "intends to meet all obligations to all its creditors, ad infinitum," seeking to quell default fears ahead of a big loan payment Athens owes the IMF later this week.
Greece's international partners have grown mistrustful, Austrian Finance Minister Hans Joerg Schelling said on Friday, while German tabloid BILD renewed its attacks on the country's embattled finance minister.
“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.
“The key here is to stay firm on the commitments that were made in the Eurogroup on the 20th of February,” said Finnish Prime Minister Alexander Stubb on his arrival at the EU Council Summit on Thursday.
European Council President Donald Tusk has agreed to convene a meeting on the Greek crisis at a European summit of heads of state and government this evening (19 March), despite not being on the agenda.
German Chancellor Angela Merkel has invited Greek Prime Minister Alexis Tsipras to Berlin for talks next week. But tensions simmered, as Germany's finance minister accused the new Athens government of destroying all trust in Greece.
The EU's response to the Greek debt crisis will set the bloc's political direction for years to come. If we continue to choke the debtor, we risk drowning all of Europe, argue Ernest Maragall and Jordi Angusto.
Germany dismissed Greek demands to pay World War II reparations after leftist Prime Minister Alexis Tsipras accused Berlin of using legal tricks to avoid compensating Greece for the Nazi occupation of his country.
In a rare piece of good news for Greek leaders, the European Stability Mechanism (ECM) confirmed Tuesday (10 March) that it has been forced to throw the cash-strapped country a half-billion-euro lifeline.
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.
Greece could call a referendum or have early elections should its eurozone partners reject its debt and growth plans, Greek Finance Minister Yanis Varoufakis said in a newspaper interview yesterday (8 March).
European Commission President Jean-Claude Juncker said on Wednesday that it is “premature” to discuss a third bailout programme for Greece and warned Athens “to avoid unilateral measures.” “We are going to focus on implementing what was agreed in the Eurogroup," he added.