Ecofin
Economy
Schaeuble Defends 'Tough' Stance Toward Greece, Pointing to Its Economic Recovery
The tough stance he adopted toward Greece in the negotiations had a positive impact on the country, which was now further along with reforms that it might otherwise have been, German Finance Minister Wolfgang Schaeuble suggested on Friday, in...
Greece
French FinMin Sapin: An Overall Agreement on Debt is Necessary
An agreement with the IMF on the Greek debt is necessary, French Finance Minister Michel Sapin said on the sidelines of the Ecofin meeting in Malta.
"If there is no agreement on the sustainability of the Greek debt, markets will...
Economy
Schaeuble: Future Measures Should be Accepted by the Opposition
"In all cases of assistance programs to States, institutions are always warning that decisions on measures for the future should be accepted by the opposition, if there are elections in the near future. It is not a new thing,"...
Economy
IMF Denies Reports it Demanded Greek Opposition’s Support of Bailout Measures
The International Monetary Fund on Tuesday denied reports that it had demanded the Greek government to secure the support of the opposition in voting measures required by creditors to continue bailout negotiations.
According to Kathimerini newspaper, at an Ecofin meeting...
Economy
Dombrovskis: 'Not Helpful' to Return to Economic Instability When Greece Was on Verge of Growth
To return to a period of economic instability and fruitless discussion on the Greek program at a time when Greece was once again on a path to growth was not helpful, European Commission Vice-President in charge of the Euro...
Economy
European Institutions 'Surprised' by IMF Blog on Greek Programme, ESM Spokesman Says
European Commission spokeswoman Annika Breidthardt on Tuesday said that the Greek programme is absolutely credible when asked to comment on IMF officials statements on Monday on IMF's blog.
"We read very carefully the post of IMF officials" said Breidthardt adding...
Economy
German FinMin: Only Reforms can Keep Greece in Euro Zone
"The implementation of tough measures is the only way, since Greece decided to remain in the euro zone," said German Finance Minister Wolfgang Schaeuble.
Schaeuble spoke after a meeting of European Union finance ministers (ECOFIN) held in Brussels, saying that,...
Economy
Euclid Tsakalotos Against ECOFIN Decisions for Portugal and Spain
The ECOFIN decided on Tuesday to launch excessive deficit procedures for Portugal and Spain. Greece's Finance Minister Euclid Tsakalotos argued against the decisions, but did not have sufficient backing to block the procedures against both countries, that Tsakalotos notes...
Economy
Dijsselbloem: Lenders will Find a Solution on Greek Contingency Measures
Institutions will find a solution for Greece to legislate on a contingency package of measures necessary to close the ongoing negotiations between the two sides, Eurogroup Chief Jeroen Dijsselbloem said on Saturday as he arrived at the Ecofin meeting...
Economy
FinMin Tsakalotos: Greek Programme on the Right Track
Greek Finance Minister Euclid Tsakalotos said that the Greek programme is moving in the right direction adding that the government will continue the hard work.
Upon his arrival to the Ecofin meeting in Brussels on Tuesday, Tsakalotos stressed that the...