Negotiations between Greece and the eurozone ended without agreement

The negotiations between Greece and its partners in the eurozone ended this February 16th without agreement and an ultimatum to Athens this week to ask for an extension of its bailout program. “It is very clear that the next step should come from the Greek authorities...

Eurozone officially leaves recession crisis

Today the eurozone should officially come out of the longest recession of his short career, however this recovery would be weak and leaving the crisis that still afflicts the land is far, as analysts predicted on the European quarterly data published. After six consecutive...

Eurozone trade surplus grows in June compared to 2011

According to preliminary data released today by the EU statistical office, Eurostat, in June, the euro area resulted in a growth considered to 14,900 million euros in the trade balance surplus, compared to the balance of 200 million recorded in June last year. In the countries of...
Eurozone

Eurozone Will Provide First Draft of Political Agreement on Loan to Spain

Finance ministers from the Eurozone reported that tomorrow will close a “political agreement” on terms and conditions on the loan of 100,000 million euros that will be asked Spain to recapitalize its banks. The memorandum of understanding was drafted by European...
Eurogroup may Suspend Loan to Spanish Banks

Loan to Spanish Banks may be Suspended by the Eurogroup

Spanish banks could lose the loan that the Eurozone has provided them, if they were to fail on their commitments to the excessive deficit procedure. Community sources recalled that this loan does not mean “no additional conditionality” macro. They also underlined that...