Mário Centeno

Eurogroup chief tells Kathimerini of need for grants, not only loans

As European countries brace for the economic fallout of the coronavirus pandemic, the president of the eurozone group of finance ministers known as the Eurogroup, Mario Centeno, in an interview with five European newspapers including Kathimerini, has underlined the need for "a suitable mix of grants and loans in the recovery," warning of a new crisis if adequate support is not provided. 

Editorial: Framing the obvious course of action as a triumph

Albeit at the last minute, eurozone countries managed to strike a compromise on an economic package to handle the enormous repercussions of the coronavirus pandemic.

In a previous editorial we had underlined that there was no other choice unless member-states want the breakup of the eurozone.

EU’s Centeno says coronavirus rescue deal ‘very close’

The chairman of an EU finance ministers meeting on further support for economies hit by the new coronavirus said on Thursday an agreement among all of the bloc's capitals was now "very close" after previous negotiations collapsed.

The Netherlands was the single opponent of a deal proposed on Wednesday morning after sixteen hours of negotiations.

Eurogroup grants Athens fiscal flexibility

Greece has secured full fiscal flexibility in the battle to ease the blow to its economy from the coronavirus outbreak as the Eurogroup conference call that Finance Minister Christos Staikouras (right) participated in on Monday decided to allow all eurozone member-states to take every necessary measure to tackle this growing emergency.