European debt crisis

The Euro Zone Budget Will Be Approximately EUR 17 Billion

European finance ministers have agreed on the details of a relatively small investment and reform budget within the euro area, which will start operating in 2021.

The euro zone budget, known as the Budgetary Instrument for Convergence and Competitiveness (BICC), is expected to be finalized next year and start operating in 2021, Eurogroup President Mario Centeno said on Thursday.

In historic first, Greek debt carries negative interest rate

More than a year after Greece exited its bailout programs, investors - in a historic first - have bought its short-term debt at a loss.

The country's debt management agency said Wednesday it raised 487.5 million euros ($535 million) selling 13-week treasury bills, for which the yield was -0.02 percent.

Mission chiefs express reservations on 2020 budget at EWG

At Thursday's Euro Working Group the creditors' mission chiefs reported that their visit to Athens this week had taken place amid a positive climate. However, they also expressed reservations regarding the achievement of the target for a primary surplus of 3.5 percent of gross domestic product next year.

Creditors’ mission chiefs arrive with a long list of prior actions

The start of the fourth post-bailout assessment of Greece by its creditors, which starts on Monday, represents a new era in relation between the two sides, as they have to construct a new framework of cooperation after the change in government, based on trust and the adoption of common targets.

Share Your Views: Democracy Today in Europe’s Ex-Communist Bloc

The fall of the Berlin Wall marked one of the greatest turning points in world history, seen by many as a bright new dawn for Europe and its path towards freedom and unification.

But three decades on from the event that set off the continent's path to the end of communism, nations are re-erecting metaphorical and literal walls, sowing division again.

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