Crucial meeting
of eurozone finance ministers will be held on Monday amid backdrop of violence in Athens over cuts worth $ 5.4 bn
Greece's leftist - led coalition will turn to the lightning rod issue of debt relief on Monday at a crucial meeting
of eurozone finance ministers following the late - night approval in Athens of laws overhauling the country's tax and pension system.
Speaking in Berlin after meeting with members of the center - left Social Democratic Party, Jeroen Dijsselbloem of the Netherlands, the leader
of the eurozone finance ministers, criticized Mr. Schäuble for raising the suggestion of a Greek exit.
Merkel adopts Macron's call for eurozone finance minister German chancellor Angela Merkel has joined French president Emmanuel Macron in calling for the creation
of a eurozone finance minister in order to increase fiscal integration in the single - currency area.
Not exact matches
Having failed, Jeroen Dijsselbloem, the austere president
of the
eurozone's
finance ministers, was quick to discredit the IMF, accusing the Fund
of using outdated models
of Greece's public
finances.
Based on months
of negotiation, my conviction is that the German
finance minister wants Greece to be pushed out
of the single currency to put the fear
of God into the French and have them accept his model
of a disciplinarian
eurozone.
In my first week as
minister for
finance I was visited by Jeroen Dijsselbloem, president
of the Eurogroup (the
eurozone finance ministers), who put a stark choice to me: accept the bailout's «logic» and drop any demands for debt restructuring or your loan agreement will «crash» — the unsaid repercussion being that Greece's banks would be boarded up.
AMY GOODMAN: Jean - Claude Juncker is prime
minister of Luxembourg and head
of the Eurogroup
of 17
eurozone finance ministers.
I think he's laying the groundwork to suggest that the
finance ministers of individual countries need to work with him to get the
eurozone going in the right direction.
In previous German governing coalitions, the country's
finance minister has traditionally been provided by the second - largest party in the coalition — in the current negotiations, the FDP — so there was also speculation that prevailing German political opinion was likely to become more resistant to any future proposals from fellow EU members to reform the region's financial markets through a mutual underwriting
of eurozone debt.
On Monday,
finance ministers in the
Eurozone also talked about the possibility
of giving Greece a further two years to fix the economy.
In an uncharacteristically short meeting
of the
eurozone's
finance ministers in Brussels, president
of the eurogroup Jeroen Dijsselbloem said the Greek government ought to stop throwing away time and begin enacting the reforms it requirements to complete its $ 7.2 bn in bail - out extension.
Greek bailout lenders at loggerheads The International Monetary Fund and
eurozone finance ministers remain at odds over the direction
of the Greek bailout process.
The news
of Greek
finance minister Varoufakis» resignation is being perceived as an incremental positive for negotiations, but we think the «No» vote in Greece over the first weekend in July, the precarious position
of the Greek banking system, and
eurozone policymaker distrust
of the current Greek government have clearly raised the chances
of a Greek
eurozone exit.
Speaking in the Commons today, Mr Osborne played down the contradiction, saying: «When
eurozone central bank governors and
finance ministers openly speculate on the possibility
of Greek exit, then the genie is out
of the bottle.»
European Central Bank chief Jean - Claude Trichet and the chairman
of the
eurozone group
of finance ministers, Jean - Claude Juncker, also attended the meeting.
Greek
Finance Minister Euclid Tsakalotos attends a session
of Parliament in Athens on Wednesday as lawmakers prepared to vote on reforms demanded by
eurozone creditors in exchange for a new bailout.