Tag: Jean-Claude Juncker

• Monday, June 25th 2012 - 20:09 UTC

  EU summit to address banking union, fiscal integration and sovereignty issue

  

  European leaders will discuss specific steps towards a cross-border banking union, closer fiscal integration and the possibility of a debt redemption fund at a summit on June 28-29, according to a document prepared for the meeting.

• Wednesday, November 30th 2011 - 06:00 UTC

  Euro zone ministers looking to the IMF to help boost rescue fund

  

  Euro zone ministers agreed on Tuesday to ramp up the firepower of their rescue fund but couldn't say by how much and raised the possibility of asking the IMF for more help after Italy's borrowing costs hit a Euro lifetime high of nearly 8%.

• Tuesday, October 4th 2011 - 19:55 UTC

  Euro banks holders of Greek debt told to prepare for a further ‘shave’

  

  European finance ministers are considering making banks take bigger losses on Greek debt and have postponed a vital aid payment to Athens until mid-November, setting up a crunch point in the Euro zone's sovereign debt crisis.

• Saturday, September 17th 2011 - 02:28 UTC

  Geithner’s proposal to scale up rescue package gets cool response from EU

  

  US Treasury Secretary Timothy Geithner drew a cool response from EU policymakers when he urged them to leverage their bailout fund to better tackle the debt crisis and to start speaking with one voice.

• Monday, July 4th 2011 - 04:48 UTC

  Greece warned aid package means significant losses of “sovereignty” and jobs

  

  Euro zone finance ministers have approved a 12 billion euro instalment of Greece's bailout, but signalled that the nation must expect significant losses of sovereignty and jobs.

• 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”.