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Monday, May 11, 2015

Eurozone finance ministers meet ahead of Greek debt deadline

The Eurogroup will gather in Brussels this afternoon to discuss Greece’s reform plans, as Athens faces a €750m debt repayment on Tuesday.Introduction: Another Greek meeting....Athens wants eurogroup to confirm progress 8.08am BST Greece’s top government ministers met yesterday to discuss their strategy ahead of today’s Eurogroup meeting. “We want a clear confirmation of the progress that has been made.“We have agreed on a tougher strategy to stop making compromises. We were unified and we have a spring our step once again.” 7.57am BST EU #daybook: BOE will probably leave benchmark rate unchanged. Euro-zone finance ministers gather in Brussels. Germany, France sell bills. 7.54am BST Our Southern Europe editor, John Hooper, has been interviewing people on Athens’ Vouliagmeni beach (tough gig!), and found that many Greeks remain relaxed about the debt crisis.“Nothing will change this week,” said Aris Karnachoritis confidently as the waitress handed out bottles of beer and frosted glasses to him and his friends.Constantinos Neocleous, sitting beside him at a table on the beach at Vouliagmeni near Athens, nodded in agreement. “It’s not in anyone’s interests to have a crisis now,” he said. Related: Greece’s plight at odds with public's lack of concern as default deferred – for now 7.51am BST Good morning all. #Greece eyes a 'positive statement' at today's #Eurogroup meeting, yet such a statement won't unlock #ECB liquidity. 7.42am BST Good morning, and welcome to our rolling coverage of the world economy, the financial market, the eurozone and business.It’s a new week, but the same old story. Eurozone finance ministers will be gathering in Brussels this afternoon to discuss the Greek debt crisis, as the risk of the country defaulting continue to rise.Today sees the latest Eurogroup meeting, heading into which Dijsselbloem has said the meeting will not see any accord reached on Greece Related: Greece debt repayment uncertain amid fresh round of talks “Such processes also have irrational elements.Experiences elsewhere in the world have shown that a country can suddenly slide into insolvency.” Continue reading...


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