eurogroup



No Picture

Eurogroup to park economic stimulus talks

BRUSSELS | By Alexandre Mato | EU finance ministers are meeting in Milan on Friday to focus on Ireland, Greece and Cyprus exit plan to leave their IMF-EU financial assistance programs. The much-needed debate about economic stimulus and growth is not on the agenda, nor will be Scotland, despite the thorny economic implications of an eventual yes vote in the upcoming referendum.


Dijsselbloem hangs onto the Eurogroup Presidency: “I have a job”

BRUSSELS | By Alexandre Mato | After displaying a substantial diplomacy effort during the summer, Spain may be losing the battle. Jeroem Dijsselbloem wants to keep himself as Eurogroup President with the goodwill of his goverment. At the boxing ring’s opposite corner is Spain’s candidate, Economy Minister Luis de Guindos. In front of the Europarliament Economic Committe on Thursday, Dijsselbloem insisted that his term will end in July next year and he is “determined to fulfill it”. 


Merkel supports Luis de Guindos to be the next President of the Eurogroup

MADRID |The Corner | After a meeting between Mariano Rajoy and Angela Merkel in Santiago de Compostela, the German chancellor gave her support to the candidature of the Spanish Economy Minister, Luis de Guindos, to succeed Jeroen Dijsselbloem as President of the Eurogroup. As Barclays analysts comment, “with Italy’s and France’s leftwing governments and UK in or out of the EU, Spain is now a more attractive partner.” Regarding Germany, Angela Merkel recognised that the crisis in Ukraine is damaging the German economy. Nevertheless, Merkel affirmed that she forecasts a good annual growth if nothing dramatic happens.




The unbelievable creditless recovery

Five years into the most global financial crisis, with continued economic recession and growing unemployment, should the Eurogroup consider a change of course in its meeting today?