Finance Ministry

Govt spokesman hopeful for a Eurogroup solution

Government Spokesman Gavriil Sakellaridis told private ANT1 TV on Friday that Greece is "optimistic" that there will be an agreement at the Eurogroup meeting on Friday but cannot be entirely sure. "We are having in dialogue and are struggling hard so as to achieve a mutually beneficial solution while respecting the popular mandate," he said in reference to the Eurogroup's meeting.

Bulgaria's Debt Proposal 'Imposed from Outside to Finance War' - Nationalist Leader

Bulgaria is being imposed from abroad the EUR 8 B debt proposal now put forward for a vote in Parliament, nationalist Ataka party's leader Volen Siderov has argued.

Siderov has told the Bulgarian National Television that the prospective foreign borrowing is to be used "for military purposes".

Greek proposal for loan extension to be discussed in Brussels amid tensions

Prime Minister Alexis Tsipras spoke with German Chancellor Angela Merkel Thursday evening after a day of tense efforts aimed at securing a compromise between Greece and the eurozone ahead of a Eurogroup summit Friday where Greece?s proposal for extending its loan agreement with creditors is expected to be discussed.

Bulgaria's Ruling Coalition Divided over New BGN 16 B Debt

The parties constituting Bulgaria's ruling coalition are divided over the Finance Ministry's proposal for a new debt amounting to BGN 16 B, which is to be voted in Parliament later on Wednesday.

Earlier on Wednesday Finance Minister Vladislav Goranov held consultations with the four parties supporting the coalition government - GERB, RB, PF and ABV, private bTV station reports.

Bulgaria PM Hints He Will Resign if Parliament Fails to Approve New Debt

Prime Minister Boyko Borisov has hinted he is ready to stand down if lawmakers turn down the Finance Ministry's debt proposal.

The cabinet announced last week it would take on a new EUR 8 B external debt to deliver on payments of existing debt and to finance the budget deficit. A vote in Parliament is expected later on Wednesday.

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