EU Economic and Monetary Affairs Correspondent
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Nov 30, 2012

Eurogroup to discuss Greek buy-back, Cyprus

BRUSSELS, Nov 30 (Reuters) – Euro zone finance ministers
will discuss on Monday the terms of the Greek debt buy-back
which will be announced on the same day and discuss a Cypriot
bailout, but no decision on Cyprus will be taken, a senior EU
official said on Friday.

The Greek buy-back is a key part of a debt reduction plan
agreed by international institutional lenders to cut Greek debt
to 124 percent of GDP in 2020 from close to 190 percent seen
next year to make the debt sustainable.

Nov 28, 2012

Euro zone central banks may roll over Greek bonds

BRUSSELS (Reuters) – Euro zone central banks might roll over their Greek debt holdings to cut by 5.6 billion euros the amount governments will have to provide Athens by 2016, according to a document that emerged from this week’s euro zone finance minister’s meeting.

Such a move would cut the amount required to just 2 billion euros from 7.6 billion, the document showed, which should increase the likelihood that the Greek deal will be accepted by bailout-weary national euro zone parliaments.

Nov 28, 2012

Euro zone central banks may roll over their Greek bonds

BRUSSELS, Nov 28 (Reuters) – Euro zone central banks may
decide to roll over their holdings of Greek state debt to reduce
by 5.6 billion euros the amount governments will need to provide
Athens by 2016, according to a document seen by Reuters.

Such a move would cut the amount to 2 billion euros from 7.6
billion, the document, which emerged from this week’s euro zone
finance minister’s meeting, showed.

Nov 28, 2012

Euro zone central banks may roll over their Greek bonds-document

BRUSSELS, Nov 28 (Reuters) – Euro zone central banks may
decide to roll over their holdings of Greek debt to reduce by
5.6 billion euros the amount governments will need to provide
Athens by 2016, according to an document obtained by Reuters.

Such a move would cut the amount to 2 billion euros from 7.6
billion, the document, which emerged from this week’s euro zone
finance minister’s meeting, showed.

Nov 27, 2012

Greece, markets satisfied by EU-IMF Greek debt deal

BRUSSELS, Nov 27 (Reuters) – The Greek government and
financial markets were cheered on Tuesday by an agreement
between euro zone finance ministers and the International
Monetary Fund to reduce Greece’s debt, paving the way for the
release of urgently needed aid loans.

The deal, clinched at the third attempt after weeks of
wrangling, removes the biggest risk of a sovereign default in
the euro zone for now, ensuring the near-bankrupt country will
stay afloat at least until after a 2013 German general election.

Nov 27, 2012

Euro zone, IMF secure deal on cutting Greek debt

BRUSSELS (Reuters) – Euro zone finance ministers and the International Monetary Fund clinched agreement on reducing Greece’s debt on Monday in a breakthrough to release urgently needed loans to keep the near-bankrupt economy afloat.

After 12 hours of talks at their third meeting in as many weeks, Greece’s international lenders agreed on a package of measures to reduce Greek debt by 40 billion euros, cutting it to 124 percent of gross domestic product by 2020.

Nov 27, 2012

Factbox: Key elements of the Greek debt deal with the euro zone and IMF

BRUSSELS (Reuters) – Euro zone finance ministers and the International Monetary Fund agreed on steps late on Monday to reduce Greece’s public debt and help the country regain market access next decade.

Below are the main elements of the agreement.

- Greece will reach a primary surplus target of 4.55 percent of gross domestic product only in 2016, rather than 2014, to give the economy a better chance to start growing again.

Nov 27, 2012

Euro zone, IMF reach deal on cutting long-term Greek debt

BRUSSELS, Nov 26 (Reuters) – Euro zone finance ministers and
the International Monetary Fund clinched agreement on a new debt
target for Greece on Monday in a breakthrough towards releasing
an urgently needed tranche of loans to the near-bankrupt
economy, officials said.

After nearly 10 hours of talks at their third meeting on the
issue in as many weeks, Greece’s international lenders agreed to
reduce Greek debt by 40 billion euros, cutting it to 124 percent
of gross domestic product by 2020, via a package of steps.

Nov 26, 2012

Euro zone, IMF reach deal on long-term Greek debt

BRUSSELS, Nov 26 (Reuters) – Euro zone finance ministers and
the International Monetary Fund clinched agreement on a new debt
target for Greece on Monday in a breakthrough towards releasing
an urgently needed tranche of loans to the near-bankrupt
economy, officials said.

After nearly 10 hours of talks at their third meeting on the
issue in as many weeks, Greece’s international lenders agreed to
reduce Greek debt by 40 billion euros, cutting it to 124 percent
of gross domestic product by 2020, via a package of steps.

Nov 26, 2012

Euro zone, IMF clinch deal to release Greek aid

BRUSSELS, Nov 26 (Reuters) – Euro zone finance ministers and
the International Monetary Fund clinched agreement on a new debt
target for Greece on Monday in a significant step towards
releasing another tranche of loans to the near-bankrupt economy,
officials said.

After nearly 10 hours of wrangling at their third meeting on
the issue in as many weeks, Greece’s international lenders
agreed to reduce Greek debt by 40 billion euros to 124 percent
of gross domestic product by 2020 through a package of steps.

    • 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."
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