debt relief

Eurogroup and ESM put short-term debt relief measures on hold

Recent government proclamations on supporting pensioners and island residents cited as reason for delays
The spokesperson for the Eurogroup President Michel Reijns announced that the...

Schäuble: All must stick to agreement for Greek bailout to succeed

Further clarification is needed so that the short-term debt relief measures are not delayed, he argued
Germany’s Minister of Finance Wolfgang Schäuble has underlined the need for all...

New Democracy welcomes Eurogroup results, but debt relief insufficient

ND leader called for a plan to boost the economy by attracting investments and creating well-paid jobs
The leader of the main opposition party Kyriakos Mitsotakis has welcomed the...

IMF does not consider the Eurogroup debt relief measures sufficient

Primary surplus targets after 2018 must not exceed 1.5% GPD in order to be unrealistic, IMF officer notes
The International Monetary Fund welcomed the short-term debt relief measures that...

Critical Eurogroup concludes with staff-level agreement

Debt relief will be provided to Greece in the future, but under a series of certain conditions
Monday’s Eurogroup meeting resulted in a staff-level agreement between the Greek...

Stournaras: “Debt sustainability and more realistic fiscal targets”

The central banker insists that debt relief will not discourage the reform efforts in Greece
The Governor of the Bank of Greece Yannis Stournaras stressed the need for “debt...

Schäuble agrees to short-term debt relief measures for Greece

Spokesperson for German Ministry of Finance responds to Handelsblatt report on Greek debt relief
The European Stability Mechanism (ESM) is currently working on a series of proposal...

Bailout review and debt relief on Eurogroup agenda

The Eurogroup will be briefed on the state of play of the second review of the economic adjustment program
The upcoming Eurogroup scheduled for 5 December in Brussels will examine Greek...

Schäuble agrees with ESM proposal on Greek debt relief

The ESM's three measures could reduce Greece's public debt by about 21.8% of the GDP by 2060
The Eurozone is preparing to take a series of measures to support Greece, with the...

Tsakalotos: “Without the review, no solution for debt or QE”

Finance Minister argues for reducing primary surpluses from 3.5% to 2.5% GDP after bailout program ends
The Minister of Finance Euclid Tsakalotos warned that unless the second bailout...
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