Tag: Euro Group

• Tuesday, July 12th 2022 - 18:54 UTC

  Euro-zone inflation, things will get worse before they begin to improve

  

  The Euro-group, (countries using the Euro) finance ministers said that combating inflation was their number one priority. The announcement follows on the European Commission revised economic forecast anticipating dwindling growth and increasing geopolitical and natural disruptions to business as the biggest drags on the economy as a whole.

• Tuesday, January 22nd 2013 - 16:01 UTC

  Hard-line Dutch minister named head of Euro-group; only Spain voted against

  

  Dutch Finance Minister Jeroen Dijsselbloem has been elected as the new head of the Euro-group, replacing the outgoing Jean-Claude Juncker. The 46 year-old, who has been head of the Dutch Finance Ministry for two months, was expected to take over.

• Tuesday, January 18th 2011 - 00:50 UTC

  Eurogroup: 'No Bailout Fund Decision Imminent'

  

  The Eurogroup president Jean-Claude Juncker has said that no decision on a bailout fund will be made at the meeting of finance ministers in Brussels.

• Monday, May 3rd 2010 - 02:24 UTC

  Euro Zone and IMF Agree to 110 Billion Euro Aid for Greece; Summit in Brussels

  

  Euro zone members and the IMF have agreed to a 110 billion Euro (146.2 billion US dollars) three-year bailout package to rescue Greece's embattled economy. In return for the loans, Greece will make major austerity cuts which Prime Minister George Papandreou said involved “great sacrifices”.

• Saturday, April 24th 2010 - 00:53 UTC

  First Tremors of Euro Seism: Greece Asks for Financial Rescue Package

  

  Greece has formally asked for the activation of an EU-IMF financial rescue package to help pull the debt-ridden economy out of its crisis. It had hoped that just the promise of EU support, agreed last month, would have been enough to reassure markets and help its recovery.