Eurozone

Eurozone chairman Jeroen Dijsselbloem came under increasing pressure Wednesday to step down for what many see as derogatory comments about southern debt-ridden nations that have sought outside help to emerge from financial crisis.

Eurozone President Jeroen Dijsselbloem has issued a written statement following the informal mini-Eurozone meeting in Brussels, late Friday. “Today the Greek minister of Finance, the institutions (European Commission, ECB, ESM and IMF) and I had a constructive meeting on the state of play of the second review.

The European Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici in an article he wrote for the newspaper «Les Echos», stated that today in the Eurozone, our common house, some of the residents decided not to keep warm their big apartment.

The Bulgarian National Bank says it has selected through public procurement Deloitte Bulgaria as the auditing company to assess the quality of assets in the banking system.

Other two contenders who had placed an offer were Oliver Wyman GmbH and Mazars LLP.

Parliament’s budget office on Wednesday issued a high-profile warning that a return to an “era of deficits” has re-appeared ominously on the Greek economic horizon.

Officials from Greece are due to hold technical talks with international lenders on Wednesday as Athens is seeking to secure more funding.

Romania has posted the highest Q3, 2014 economic growth in the European Union, on a quarterly basis, according to preliminary estimates released on Friday by the Eurostat European Statistics Office.