Ecofin council

#Romania2019.eu/ Teodorovici: First message Romanian Presidency of EU Council wants to convey is cohesion

AGERPRES special correspondent Tudor Martalogu reports: Romania takes over the half-yearly Presidency of the Council of the European Union at an important moment for Europe, marked by multiple challenges, but we are realistic and ambitious in our approach, with common effort and political will being necessary from both the Council and the European Parliament, Minister of Public Finance Eugen Or

Europe to improve disclosure of ‘bad loans’ for all banks

European authorities will prepare by the end of next year enhanced disclosure requirements on bad loans as part of an action plan to tackle the risk of non-performing loans (NPL).

EU economic and finance ministers (Ecofin Council) are expected to adopt today (11 July) a plan to decrease the high level of bad loans held by banks in member states.

Schaeuble states: Talks on Greece better, but still lacking substance

German FinMin Wolfgang Schaeuble mentioned the clime during yesterday’s Eurogroup.

 

In statements he made during the Ecofin council, Mr. Schaeuble stated that “the clime is better” as far as talks went, but added that “I cannot say the same about substance”.

 

He added that “the IMF must remain in the Greek aid program”.

 

Five-year bonds likely to be issued as early as next week


 Moody’s is expected to upgrade Greece’s credit rating on Friday

By Sotiris Nikas

Athens is set to officially announce its return to the money markets with the issuance of a five-year bond for an estimated 2-3 billion euros. Sources also suggest that the announcement could come after a likely credit rating upgrade by Moody’s over the course of Friday.