Lagarde
Merkel’s revelations on Greece’s three memorandum Prime Ministers: Insights into Papandreou, Samaras, and Tsipras
Unfamiliar but historic moments from Greece’s nearly decade-long fiscal adventure are revealed for the first time in the pages of a memoir by one of the key players of the period, none other than former German Chancellor Angela Merkel.
The Euro deepened its Drop to a new 20-year Low below $1.0200
The Euro continued to fall on Wednesday, hitting a new 20-year low below US$1.0200 and is on track to reach the cash level (1.0000) soon on growing concerns that Russia may cut off supplies of gas to Europe, contributing to the entry of the Eurozone into recession, which would make it difficult for the ECB to carry out its planned policy of raising interest rates to control record inflation.
ECB warns EU leaders of doing too little, too late about coronavirus effects
The head of the European Central Bank Christine Lagarde warned European Union leaders on Thursday about the risk of doing too little and too late to shield the economy from the effects of the coronavirus pandemic, an official said.
German defence minister seeks MEPs’ support for Commission top job
European Union governments' surprise nominee for president of the European Commission, Germany Defence Minister Ursula von der Leyen, sought support in the bloc's parliament on Wednesday, hoping to secure the confirmation she will need in two weeks' time.
Monday’s Summit and “everyone” important is invited
Three days of negotiations between the Greek government and lenders begin with the PM’s return from St. Petersburg. The ultimate goal is Monday’s Summit and a possible solution for Greece.