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PM Ponta: European Commission imbalance procedure places Romania in honouring company

Prime Minister Victor Ponta commented on Thursday the European Commission announcement of the Macroeconomic Imbalance Procedure (MIP) for Romania by pointing out it places the country in the 'honouring company' of Belgium, the Netherlands, the United Kingdom, Sweden and Finland.

Photo credit: (c) Angelo BREZOIANU / AGERPRES PHOTO

European Commission opens macroeconomic imbalance procedure for Romania

The European Commission has decided to start the macroeconomic imbalance procedure (MIP) for Romania (and Portugal), two of the 16 countries identified in November 2014 as recording economic imbalances, the EC announced on Wednesday in a press release.

Photo credit: (c) ZHOU LEI / XINHUA

Germany: Greece's Bailout Extension Proposal Is ''Trojan horse''

A meeting of eurozone financial ministers is scheduled for Friday, in order for a solution to be reached for the crisis in Greece.

Informal division has been observed, as Germany largely relies on the support of Finland and Netherlands, and perhaps Portugal and Spain that have already taken the bailout road, but never had the chance to renegotiate.

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