European debt crisis

German economy minister says it is 'not clear' how to keep helping Greece

Germany's economy minister said on Tuesday his country was ready to help Greece get back on its feet and stay in the eurozone but it wasn't clear to him how they could keep helping.

"This country (....) is ready to help (Greece) get back on its feet - moreover in my firm opinion in the euro and not outside the euro," Sigmar Gabriel said during a talk at the economy ministry.

Agreement on talks acceleration

By Katerina Sokou

Two clear messages emerged from the meeting between Finance Minister Yanis Varoufakis and International Monetary Fund Managing Director Christine Lagarde in the early hours of Monday, Greek time: Greece will pay its dues to the Fund on time and will try to accelerate negotiations to reach a conclusion sooner.

Big week for Greece as cash runs out and election scenario looms

Greece faces another critical week with looming debt repayment obligations and the resumption of tough talks on a proposed list of reforms with the country?s international creditors amid renewed speculation about the possibility of a Greek default or an early general election.

Varoufakis returns to Memorandum surplus of 3.1% (from 1.5%)?

The Greek government estimates that the influx of income it will reach according to the list of measures it presented to the Institutions, will amount to six billion euros.

 

In a worst case scenario, Athens commits to achieving a primary surplus of 3.1% of GDP while the best case scenario estimates a surplus of 3.9% of GDP.

 

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