contingency measures

Varoufakis: “Contingency mechanism will not make debt sustainable”

The former Finance Minister expressed serious doubts over the coalition government plans on the debt
The former Minister of Finance Yanis Varoufakis has directly disputed the efficiency of the contingency mechanism, arguing that...

Labor Minister defends Eurogroup deal for contingency measures

"I am proud about the pension system reform because it is based on equality and social justice” he added
The Minister of Labor Giorgos Katrougalos defended the additional contingency mechanism that was agreed upon in Monday’s...

Eurogroup concludes - Agreement on review and debt talks by 24 May

Contigency measures to be introduced via Presidential Decrees - Debt relief talks carried out in three stages
The Chairman of the Eurogroup Jeroen Dijsselbloem called the Greek government to introduce a contingency mechanism, in order...

European Commission proposes a compromise solution

Disbursement of tranche in exchange for Greek government introducing the automatic adjustment mechanism
The European Commission has proposed payment of a tranche towards Greece to pay off overdue state debts...

Tsakalotos: “No government can pass the contingency measures”

Finance Minister dramatically warns Eurogroup on additional measures, calls for talks on debt
In a dramatic letter to his European counterparts ahead of Monday's critical Eurogroup meeting, the Minister of Finance...

Chrysogonos: “The agreement will come with painful measures”

“Time is working against Greece” underlined the SYRIZA MEP in relation to the bailout review negotiations
SYRIZA MEP Kostas Chrysogonos has estimated that an agreement reached between the Greek government and its creditors...

Uncertainty over Euro Working Group teleconference on Wednesday

European sources claim that it there are "50-50" of reaching an agreement on Monday's extraordinary Eurogroup Wednesday, May 04, 2016
A decisive Euro Working Group teleconference that was planned for Wednesday afternoon may not take place after all, as reports...

PM Tsipras calls government meeting over bailout review negotiations

The IMF’s demand for contingency measures – which Greece has ruled out – is at the top of the agenda
A meeting of senior government officials was called on Wednesday morning at the Prime Minister’s office at Maximos Mansion...

Vitsas rules out Greek Parliament passing contingency measures

The Alt. Minister expressed his opposition to such measures and cited serious legislative concerns
The Alternate Minister of National Defense Dimitris Vitsas has ruled out the possibility of the contingency measures demanded...

No agreement on Greece expected at Monday’s Eurogroup

Reuters cites source arguing that more time is needed and that a deal may be reached by the 24th of May
The Eurogroup meeting that has been arranged to take place on Monday 9 May is not expected to result in a final agreement...
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