Eurozone Set For Greece's Bailout Talks
The third meeting of Eurozone finance ministers will soon be held in Brussels for solving the crisis over Greece’s bailout, BBC reports. Greece suggestion to extend its six-month Eurozone loan program instead of renewing its bailout deal, has already been rejected by Germany. Germany claimed that this would not be “a substantial solution.”
Greece’s bailout deal expires at the end of this month, which means that without a new accord the country will run out of money.
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- 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...
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