Intergovernmental organizations

US FinMin Lew, attends the Dresden G7 Summit, and stated that the 5th of June may not be a crucial deadline for Greece. At the same time, however, he asked a solution to the Greek crisis “as soon as possible”.

“The program has been extended by the end of June, and will subsequently run out if there is no deal. There is a lot of work to be done on technical issues. But the deadline is the end of June”. These are Wolfgang Schaeuble’s statements during the G7 Summit press conference, when asked on how long is left for Greece to strike a deal. Mr.

While negotiations in the Brussels Group are peaking, and there is an obvious battle against time to cover up all the gaps still blocking an agreement, there is a lot of movement on the part of Institutions to find a solution on Greece. The G7 Summit will also see Greece discussed heavily.

Greece and its international creditors are "three quarters of the way" to reaching a deal, EU Commissioner for Economic and Monetary Affairs Pierre Moscovici said Thursday.

After Wolfgang Schaeuble and Jeroen Dijsselbloem’s statements which “froze” the Greek government’s optimism over negotiations, French FinMin Michel Sapin also stated that if a deal was close to being reached, “you’d know about it”.

On the way to the G7 summit in Dresden, Michel Sapin stated that Greece’s time is running out.

German Chancellor Angela Merkel said May 21 a return of Russia to the Group of Seven major industrialised democracies was "unimaginable" as long as it flouts international law in Ukraine.

The respective Prime Ministers of Bulgaria, Romania and Serbia, Boyko Borisov, Victor Ponta and Aleksandar Vucic, established on Friday a Craiova Group for cooperation.

This emerged after the bilateral and trilateral meetings, which were held between government representatives of the three countries in the Romanian city of Craiova.

Romania, Bulgaria and Serbia could form a Craiova Group based on the model of the Visegrad Group to better promote their positions in Europe and their regional projects, Prime Minister Victor Ponta says.

Photo credit: LIVIU SOVA / AGERPRES STREAM

Russia's return to the group of leading industrialised nations hinges on its assistance to efforts to put an an end to the conflict in eastern Ukraine, German Foreign Minister Frank-Walter Steinmeier has said.

German Foreign Minister Frank-Walter Steinmeier dismissed on April 12 calls from the radical Left party to invite Russian President Vladimir Putin to this year's summit of the Group of Seven industrial powers.