Eurozone

‘Last Bluff’ a ‘stunning chronicle’ of make-or-break 2015 Athens-Brussels talks

The presentation of Eleni Varvitsioti and Viktoria Dendrinou's book "The Last Bluff" (published by Papadopoulos) took place on Monday evening in a packed amphitheater at the Benaki Museum annex on Pireos Street, south of central Athens.

It is Possible For Bulgaria to Join the "Waiting Room" For the Euro Area by June 2020

Bulgaria can join the ERM II exchange rate mechanism in the first or second quarter of 2020. This was stated by the head of the European Banking Restructuring Council, Elke König. The leading institution in the process is the European Central Bank, with its response expected in mid-summer or early fall, BNR reports.

Distance with creditors is closing

The difference between the estimates of the government and the eurozone on Greece's fiscal gap in 2020 is constantly shrinking, with government sources now speaking of a difference amounting to just 350 million euros, down from 1 billion euros when the mission chiefs concluded their visit to Greece last month.

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.

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