Eurogroup
Government eyeing more EU support
During Friday's Eurogroup teleconference, Finance Minister Christos Staikouras is determined to press for swift decisions and efficient procedures so that support programs are immediately implemented in the eurozone.
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Greece eligible for ESM credit
Following Friday's agreement by eurozone finance ministers, Greece stands to receive low-interest loans from the emergency credit line of the European Stability Mechanism without any of the heavy conditions it had to meet in the 2010s.
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Eurozone to put finishing touches to credit line for pandemic-hit governments
Eurozone finance ministers hope to agree on Friday on the final details of credit lines from the ESM bailout fund for governments in need of cheap cash to deal with the coronavirus pandemic, so that the money can be available from June.
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.
ECB prepares for more stimulus, hints at junk bond buys
The European Central Bank tweaked policy around the edges on Thursday but kept the door wide open to further stimulus — including potentially controversial purchases of junk debt — to help an economy ravaged by the coronavirus pandemic.
Bulgaria Insists on Unified EU Action to Overcome the Coronavirus Crisis
The Council of Ministers approved today the position of the Republic of Bulgaria for participation in the European Council meeting, which will be held on April 23 through video conferencing, the Government Information Service has announced.
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.
Brussels sees Greek recession at 8-9 pct this year
The European Union estimates that the Greek economy will contract by 8 to 9 percent this year due to the coronavirus pandemic, much higher than the government's projections.
Officials in Brussels revealed that forecast on Wednesday, during a conference call with the finance ministers of the Greek government regarding the assessment of the Greek economy.
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ECB’s Lagarde: Let’s not get fixated on coronabonds
Europe should not get hung up on the idea of issuing coronabonds through a specially created European rescue fund, ECB President Christine Lagarde said in a newspaper interview published on Thursday.
"I don't think that we should get fixated on 'coronabonds'. In Europe, things take a bit more time than we would like, but we always find a solution," she told French daily Le Parisien.
Editorial: Europe hostage to its values
We are living in an historic era.
The world is experiencing the greatest crisis since WWII.
The total freezing of the global economy and social life is a phenomenon that is historically unique.
The projections of analysts, economists, and international organisations point to an horrific landscape the day after the pandemic.
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