By Tasos Dasopoulos The guidelines for the remaining half of 2022 and 2023, which were “renewed” by the Eurogroup yesterday, were clear for highly indebted countries like Greece: support households in moderation against precision, reduce deficits and debt, speed up implementation of the Recovery Fund. In terms of support to households and businesses, as during […]
Tag: Eurogroup
Eurogroup: Financial support for vulnerable groups, attention to public debt
With the global economic environment deteriorating, eurozone member state governments should focus on protecting the most vulnerable rather than supporting demand, while any fiscal policy should aim to maintain debt sustainability. This is the key point highlighted by today’s Eurogroup communiqué, which also points out that measures need to focus on supply-side constraints, implementing structural […]
Bra-de-fer between the ECB and governments on the bond market intervention tool
By Leonidas Stergiou Discussions on the European Central Bank’s (ECB) new tool to intervene in bond spreads began in Frankfurt late last week, with results so poor that some sources with knowledge of developments doubt it will be ready by the 21st. July, i.e. until the next meeting, as announced. The debate will continue in […]
Chr. Staikouras: European initiatives are needed for energy insurance and dealing with the energy crisis
The need for “European initiatives for energy security and dealing with the energy crisis”, but also better European coordination “in the policies to deal with the economic effects of the energy crisis” was underlined by the Minister of Finance, Christos Staikouras, in his statement on the sidelines of the Eurogroup. In particular, Mr. Staikouras noted: […]
In Brussels, Chr. Staikouras, in order to participate in the Eurogroup and Ecofin meetings
Finance Minister Christos Staikouras is going to Brussels, in order to participate in the Eurogroup and Ecofin meetings. In particular, today Mr. Staikouras will take part in the meeting of the Eurozone Finance Ministers, in which macroeconomic developments and policy changes in the Eurozone will be discussed within the existing international framework and the conclusions […]
At the Eurogroup and Ecofin meetings in Brussels, Chr. Staikouras
The Minister of Finance Mr. Christos Staikouras is going to Brussels tomorrow, Monday, in order to participate in the Eurogroup and Ecofin meetings. In particular, tomorrow Mr. Staikouras will take part in the meeting of the Eurozone Finance Ministers, in which macroeconomic developments and policy changes in the Eurozone will be discussed within the existing […]
The fiscal rules for 2023 are on the Eurogroup table
By Tasos Dasopoulos In an international environment much worse than the one described at the beginning of May by the forecasts of the European Commission, the finance ministers of the Eurozone meet on Monday to discuss the fiscal rules of the next year. The common ground is that – for now – the Eurozone will […]
Donohoe (Eurogroup): There is a way to avoid a recession in the eurozone
There is a risk of a recession in the eurozone but it can be avoided with proper support and fiscal policy, said Eurogroup chief Paschal Donohoe. While the energy crisis and security developments could affect economic performance, the group is implementing measures to support countries in need, he said in an interview with Bloomberg television. […]
The challenges after the end of enhanced supervision
By Tasos Dasopoulos The positive news of the end of the enhanced surveillance for Greece and the acceptance of Croatia’s accession to the euro were left yesterday by the representatives of the institutions that participated in the Eurogroup in Luxembourg, avoiding the two difficult issues that will be discussed after the Commission’s vacation. September. The […]
Chr. Staikouras: Greece turned the page – The Eurogroup decision for Greece is historic
The Minister of Finance, Christos Staikouras, characterizes yesterday’s decision of the Eurogroup for the exit of Greece from the status of the Enhanced Supervision as historic, making special reference to the positive statements of the European officials for this development. “Yesterday, in Luxembourg, a historic decision was made for Greece. The Eurogroup decided to launch […]