What if Greece Temporarily Exits The Eurozone?
Eurozone finance ministers recommended the leaders of the European Union to propose Greece to temporarily exit the eurozone in case the sides fail to reach agreement on the Greek bailout program, sputniknews.com reports.
Earlier in the day, the eurozone finance ministers met in Brussels to discuss the Greek debt crisis and find possible solutions to it.
"In case no agreement could be reached, Greece should be offered swift negotiations on a time-out from the euro area, with possible debt restructuring," the conclusion part of the agreement reads.
Other materials on this subject
- Greece Emerges from Eurozone Bailout Programme The economy has grown slowly in recent years and is still 25% smaller than when the crisis began.
- Greece Can be Competitive Once Makes Reforms: Schaeuble Greece can have a competitive economy once it makes reforms agreed with its euro zone creditors, German Finance Minister Wolfgang Schaeuble said on Monday.
- Greek Unemployment Rises to 23.4 Percent in August, Eurozone Highest Greece's unemployment rate has come down from record highs but remains more than double the euro zone's average of 10 percent in August.
- Eurogroup to Disburse 10.3 bln Euros to Greece The Eurogroup also recalled the medium-term primary surplus target for Greece at 3.5% of GDP as of 2018 and underlined the "importance of a fiscal trajectory consistent with the fiscal commitments under...
- 48-Hour Strike Began in Greece Public transport workers joined the strike. Today and on Saturday in the Greek capital metros, trolley buses and trams will not work.
Other materials on this subject
- The European Union Has Decided to Abandon Russian Coal In the Summer Many countries have joined these sanctions, even if this necessarily implies economic costs for ourselves," he noted.
- Germany Faces Steep Recession if Russian Oil and Gas Halted, Bank Lobby Says "The situation would be even worse if imports or supplies of Russian oil and natural gas were to be halted. A significant recession in Germany would then be virtually unavoidable," Sewing told journalists.
- EU Leaders Agree on Joint Gas Purchases Last year, the European Commission proposed to the EU countries a system of joint purchases of strategic gas reserves as a way to provide a buffer against possible supply disruptions. Fears of supply disruptions...
- European Union Launches “Team Europe” Package to Support Partner Countries with More than €20 Billion: Reuters Most of the money is being reallocated from other, less urgent EU foreign aid schemes in the EU’s common budget, but Borrell said the European Investment Bank, the European Bank for Reconstruction and...
- The Guardian: EU Leaders Clash Over Economic Response to Coronavirus Crisis Meeting via a video link, the EU’s 27 leaders papered over deep divisions by agreeing that another fortnight was needed to discuss ambitious economic recovery plans. After a testy debate over "coronabonds",...
-
17:08The regular session of the Anti-corruption Policy Council takes place in Jermuk
-
15:05The Prime Minister sends congratulatory messages to the supreme leader of Iran and the President of Iran
-
11:11Armenia sends earthquake aid to Turkey
-
10:43Commemoration of the Pontiff St. Sahak Partev
-
09:16Some roads are closed and difficult to pass in Armenia
-
19:55Phone conversation of the Foreign Minister of Armenia with the U.S. Assistant Secretary of State for European and Eurasian Affairs
-
18:30Prime Minister Pashinyan and President Khachaturyan meet
-
18:20Ararat Mirzoyan with Co-Chairman of the OSCE Minsk Group of France Brice Roquefeuil
-
17:01Humans could land on Mars within 10 years, Musk predicts
-
16:45France, US urge 'immediate' end to Nagorno Karabakh blockade
-
16:01Blockaded Nagorno Karabakh launches fundraiser to support quake-hit Syria
-
15:59Earthquake death toll in Turkey rises to 18,342
-
15:43Ararat Mirzoyan Held a Telephone Conversation with Sergey Lavrov
-
15:06French president rules out fighter jet supplies to Ukraine in near future
-
14:475 Day Weather Forecast in Armenia
-
14:44President Vahagn Khachaturyan wrote a note in the book of condolences opened in the Embassy of Syria in Armenia
-
14:20Azerbaijan’s provocations impede establishment of peace and stability – Armenian FM tells Russian Co-Chair of OSCE MG
-
12:57France representation to OSCE: Paris calls on Azerbaijan to restore freedom of movement through Lachin corridor
-
11:40Command of Kosovo forces highly appreciated preparation of Armenian peacekeepers
-
10:16The United States withdrew from sanctions against Syria for six months the provision of assistance after the earthquake
Most read
day
week
month
Weather
Yerevan
Humidity: %
Wind: km/h
0 C°
0° 0°
26.11.2024
0° 0°
27.11.2024
Poll