Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Eurogroup gives Greece until July 15 to pass new laws

Highlights on Greece's debt crisis to keep near-bankrupt Greece in the euro zone on Sunday:

  • Finnish finance minister says euro zone ministers gave Greece until July 15 to pass new laws and conditions must be approved by Greek parliament for ESM talks to start.
  • Eurogroup head Dijsselbloem says a couple of big issues still open as meeting ends.
  • Lithuanian president says Greece staying in euro zone or leaving will be "very, very costly for everybody".
  • Merkel says most important currency has vanished with Greece, which is trust; deal not wanted at any price; principles must be upheld.
  • Russia intends to support an economic recovery in Greece by expanding cooperation in the energy sector, Russian Energy Minister Alexander Novak says.
  • Luxembourg's foreign minister makes an impassioned plea for Germany to avoid a Greek exit from the euro, warning Berlin of a catastrophic schism with France if it pushes for Athens to leave the currency union.
  • EU's Moscovici says institutions agree there is a basis for negotiations, Greece must do more
  • Slovak finance minister says Greece must front-load reforms to get deal, no agreement possible on Sunday
  • Italy's Padoan says wants to see Greek parliament take measures from Monday, biggest obstacle is lack of trust
  • EU's Tusk says Sunday's planned EU summit is cancelled. Separate euro zone meeting to start at 1400 GMT
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.