EU Economic and Monetary Affairs Correspondent
Jan's Feed
Mar 13, 2015

EU’s Juncker pushes for deal with Greece

BRUSSELS, March 13 (Reuters) – EU chief executive
Jean-Claude Juncker and Greek Prime Minister Alexis Tsipras
called on Friday for European governments to show solidarity
with Greece and resolve a credit crunch that risks dumping it
out of the euro zone.

Their comments, as the bloc’s German paymaster presses its
demands that Athens’ new leftist government honour commitments
to international creditors, highlighted Juncker’s concern over a
risk of grave damage to the EU, but may also fuel suspicion in
Berlin that the EU Commission could try to water down any deal.

Mar 11, 2015

France wins battle of Waterloo, as coin is tossed

BRUSSELS (Reuters) – Two hundred years after Napoleon’s ambitions to rule Europe died at Waterloo, France won a small battle on Wednesday to prevent the minting of a euro coin commemorating an event that shaped today’s continent.

Belgium withdrew a proposal to strike a special 2-euro piece in honor of the Anglo-Dutch-German victory outside Brussels on June 18, 1815, an EU official said, averting an EU ministerial vote after Paris objected on the grounds that glorifying a time of conflict ran counter to efforts to foster European unity.

Mar 11, 2015

EU leaders want to tackle Russian “disinformation” on Ukraine war

BRUSSELS, March 11 (Reuters) – European leaders will ask
their foreign policy chief next week to draw up a plan to
counter Russian “disinformation campaigns” over the conflict in
Ukraine, draft conclusions of an EU summit showed.

EU leaders, meeting on March 19-20, will give the High
Representative for Foreign Affairs Federica Mogherini three
months — until their next summit in June — to work out how to
support media freedom and European values in Russia.

Mar 11, 2015

Greece, lenders meet on working methods to start reforms, unblock aid

BRUSSELS/ATHENS (Reuters) – Greek representatives started talks with official international creditors in Brussels on Wednesday, taking the first step toward an agreement on the reforms Greece must implement to unblock further aid as Athens runs out of money.

It is the first such meeting between Greece and its official creditors since the new, left-led government in Greece took power at the end of January on a pledge to end the fiscal discipline that was the condition for almost 240 billion euros in loans that Athens has received since 2010.

Mar 10, 2015

EU gives France third extension to cut its budget deficit

BRUSSELS, March 10 (Reuters) – European Union finance
ministers gave France two more years on Tuesday to cut its
budget deficit to within EU limits, extending the deadline for
the third time since 2009 as Paris struggles to enact reforms.

The euro zone’s second biggest economy has repeatedly missed
deadlines and budget consolidation targets and, under EU budget
rules sharpened during the sovereign debt crisis, was facing
fines of up to 4 billion euros ($4.3 billion) by late last year.

Mar 9, 2015

EU, Greece to start technical loan talks Wednesday

BRUSSELS, March 9 (Reuters) – Warning Greece it had “no time
to lose”, euro zone ministers agreed technical talks between
finance experts from Athens and its international creditors
would start on Wednesday with the aim of unlocking further

“We’ve talked about this long enough now,” an
impatient-sounding Dutch Finance Minister Jeroen Dijsselbloem
said after chairing Monday’s meeting of euro zone colleagues,
their first since Feb. 20, when they extended Greece’s bailout
deal to June.

Mar 9, 2015

EU urges Greece to “stop wasting time” on reform

BRUSSELS, March 9 (Reuters) – The head of euro zone finance
ministers urged Greece on Monday to “stop wasting time” and
buckle down to serious talks and implementation of a reform
programme to secure urgently needed fresh funds from its
international creditors.

“Little has been done since the last Eurogroup (meeting two
weeks ago) in terms of talks, in terms of implementation,”
Eurogroup chairman Jeroen Dijsselbloem said on arrival for a
meeting of ministers of the 19-nation currency bloc.

Mar 9, 2015

EU aides play down Greek reform plan, no early progress

AMSTERDAM/BRUSSELS (Reuters) – Euro zone officials played down plans submitted by cash-strapped Greece to its international creditors in a bid to secure fresh funds, a day after Athens’ outspoken finance minister irked EU partners by raising the prospect of a referendum.

Speaking before finance ministers of the currency area meet in Brussels on Monday, Eurogroup chairman Jeroen Dijsselbloem said steps outlined by Finance Minister Yanis Varoufakis in a letter last week were serious but “far from complete”.

Mar 8, 2015

Euro zone says Greek reform outline helpful, but needs ‘troika’ scrutiny

BRUSSELS (Reuters) – The reform outline sent by Greece to euro zone ministers to unblock loans is “helpful”, but needs to be scrutinized by representatives of the country’s creditors, according to the head of the Eurogroup of euro zone finance ministers.

Jeroen Dijsselbloem, whose group meets on Monday to discuss Greece, was responding to a letter he received on Friday from the new left-wing government in Athens asking for an immediate resumption of talks with creditors.

Mar 6, 2015

Greece sends EU reform list, more hurdles before early cash

ATHENS/BRUSSELS (Reuters) – Greece sent its euro zone partners an augmented list of proposed reforms on Friday but EU officials said several more steps were required before any release of aid funds to a country that Prime Minister Alexis Tsipras says has a noose around its neck.

Struggling to scrape together cash and avoid possible default, Athens made a 310 million euro partial loan repayment to the International Monetary Fund, while Tsipras pleaded to be allowed to issue more short-term debt to plug a funding gap.

    • About Jan

      "Based in Brussels since 2005, I cover economic policy news from the European Commission, EU and euro zone economic data, monthly meetings of EU/euro zone finance ministers as well as G7/8/20 meetings. Before Brussels I was a correspondent in Stockholm for five years, covering technology stocks and the Swedish central bank. I was earlier a correspondent in Poland for seven years, covering macroeconomic policy, bond, forex and money markets, the central bank and politics."
    • Follow Jan