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Eurogroup underway to discuss EU Summit deal on Greece (Upd)
The Eurogroup meeting, a second in a row after Sunday’s, is under way to discuss the technical details of the deal agreed upon between Greece and the other leaders of the EU-19 Summit to save the country from defaulting on its debts and remain within the Eurozone. The Finance Ministers are expected among other things to hammer out a bridge-loan for Greece, until the ESM loan is finalized.
Eurozone Leaders Still at Loggerheads over Greece Bailout terms
Eurozone leaders have been discussing for hours a proposal under which Greece would have to rush emergency legislation through Parliament by Thursday at the latest in order to get a third bailout package.
Greece 'Should Adopt New Laws by Wednesday'
The Greek Parliament should pass fresh legislation by Wednesday if it is to receive new bailout assistance, Finnish Finance Minister Alexander Stubb has said.
Stubb made his comments just after the Eurogroup's Sunday session on Greece ended to give way to a meeting of Eurozone leaders.
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EU Leaders Divided over Greece Bailout Talks
Growing discord has started to emerge hours before Sunday afternoon's Eurozone summit which is due to decide whether to grant Greece another bailout package or move to "Plan B".
"Italy does not want Greece to exit the euro and to Germany I say: enough is enough," Italian PM Matteo Renzi told Il Messaggero newspaper.
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Another form ‘Finlandization’ infecting Euro area?
Another form of “Finlandization” has apparently plagued the Eurozone over the weekend and is now viewed as the main obstacle towards achieving a new bailout deal with crisis-stricken Greece, one that would avert the east Mediterranean country’s euro membership meltdown.
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Greece faces D-Day after 'difficult' bailout talks halted
Greece on July 12 faced a final EU summit to clinch a deal that would stop Athens crashing out of the euro after divided eurozone ministers halted "very difficult" talks on a new bailout overnight.
Eurogroup: Finns push for Greece to leave EZ
Three Finnish large Finnish news channels – MTV3, HS and YLE – are all reporting that Finland wants Greece out of the Eurozone. The usually outspoken Finnish FinMin Alexander Stubb did not make a statement on his arrival. The right-wing, euro-sceptic True Finns that are coalition partners in the new Finnish government are pushing for a Grexit.
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Bulgaria Reports 28.5% Rate of Implementation of Decentralization Measures under 2014 Plan
A report on the implementation of decentralization measures in Bulgaria informs that the program for 2014 was 28.5% accomplished.
The decentralization policy was launched after the adoption of Bulgaria's 1991 Constitution, investor.bg reminds.
France States Grexit Opposition
French PM Manuel Valls said a possible ''Grexit'' would have a massive negative impact over EU economies.
He made the statement in an interview for a French radio station Tuesday.
''France ill do everything so that Greece remains in the Eurozone because that's where it belongs, at the heart of the European project,'' Valls noted.
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Eurogroup Rejects Greek Request for Extension of Bailout
The Eurogroup rejected on Tuesday the request of the Greek government to extend the bailout programme of the country.
This became clear after the end of the extraordinary teleconference of the eurozone finance ministers.
The conference call was necessitated after the Greek government submitted its latest list of proposals earlier on Tuesday.