EU Leaders Convene Late-Night Mini Summit on Greece
The German chancellor, Angela Merkel had a routine long-scheduled meeting with French and EU leaders try to defuse Greece’s financial and European crisis late on Monday, the Guardian reports.
In the the meeting on how to boost investment in the EU, Merkel met France’s president, François Hollande, and the president of the European commission, Jean-Claude Juncker. They were later joined by Mario Draghi, the president of the European Cnetral Bank, and Christine Lagarde, the head of the International Monetary Fund.
The first payment of €300m for Athens is due by Friday. Overall Freece is to pay €1.6bn (£1.1bn) to the IMF within the next few weeks.
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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...
- 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.
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