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eurogroup News

Eurozone stability 'not in question' after Greek vote

Brussels - The stability of the eurozone is not at risk after Greeks voted 'No' to creditors' austerity demands in a weekend referendum, the European Commission vice president for the euro said Monday.

Eurogroup ministers expect 'new proposals' from Greece

Brussels - Eurogroup ministers expect fresh reform proposals from the Greek government in talks on Tuesday, a statement said on Monday, a day after Greeks overwhelmingly rejected terms demanded by creditors.

Eurogroup talks end with no deal, to meet in coming days

Brussels - Talks between eurozone finance ministers broke up without agreeing on a Greek debt deal on Thursday, with a new meeting due in coming days, Finland's Alexander Stubb said."That's it for today. Institutions and Greece to continue work.

Cyprus to tweak bank tax levy to protect deposits under €20,000

Nicosia - The controversial proposal to levy taxes on government guaranteed bank deposits of less than €100,000 looks to be scrapped even before it is voted on by the Cypriot parliament, as a draft bill proposes excluding deposits of less than €20,000.

IMF, Eurogroup, blackmailed Cyprus over bailout terms

The president of Cyprus has revealed that the terms of the bailout were imposed as a form of blackmail. The IMF and Eurogroup had already decided their terms and presented Cyprus with a fait accompli.

Op-Ed: Eurogroup and IMF reach agreement on Greek debt

Ministers from the eurozone in conjunction with the IMF have reached an agreement on Greek debt. The arrangement means Greece will receive €34.4 billion by the end of this year, staving off bankruptcy and a Grexit.

Eurozone considers zero interest rates on loans to Greece

The IMF and the European Union are at loggerheads over the way to tackle Greek debt, with IMF chief Christine Lagarde suggesting a further debt haircut for Greece from public creditors. EU ministers oppose such a scenario.

Greece accepts 'enhanced and permanent' presence of EU monitors

Greece has agreed to accept an "enhanced and permanent" presence of EU monitors and Troika representatives, as a condition of the 130 billion bail out loan.
 

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