First Economic Adjustment Programme for Greece

Memorandums ended on January 25 and the new Greek government signed an extension of the loan agreement under the decision of the Eurogroup of February 20, clarifies the Maximos Mansion responding effectively to New Democracy accusations.

Economy Minister George Stathakis told private ANT1 TV that he was certain that Greece's negotiation with EU partners would end by the beginning of next week. He said that the reforms package that Greece is creating would be submitted and approved, leading the way for funds to be unlocked, thus ending Greece's liquidity problem.

EU leaders of Germany, France and the EU institutions met with Greek Prime Minister Alexis Tsipras on the sidelines of the EU Council at his request. Though Greece and its negotiation with international creditors was not on the summit's formal agenda, Greece's economic woes were ominous.

WASHINGTON - As part of the arrangement with the International Monetary Fund (IMF), the Serbian government has pledged to adopt in June a new law on inspection oversight aimed at reducing grey economy and corruption.

WASHINGTON- Under its latest arrangement with the International Monetary Fund (IMF), the Serbian government has pledged to support Elektroprivreda Srbije (EPS) in preparing a financial restructuring plan which, in combination with an excise tax, would result in a 15 percent total increase in the price of electricity for end consumers as of April 1, 2015.

Bailout: The measures that Greece needs to implement to get new funds. The legal name of a bailout is Memorandum of Understanding.

If Athens does not proceed with the necessary reforms the markets will lose confidence in the country, Eurogroup head Jeroen Dijsselbloem warned on Tuesday on the sidelines of an Ecofin meeting in Brussels.

German Finance Minister Wolfgang Schaeuble said on Tuesday no aid would be handed to Greece until international lenders had agreed that it had delivered on its reform commitments.

"Greece must talk to the institutions to ensure that the Memorandum of Understanding is fulfilled," Schaeuble told reporters in Brussels after a meeting of European finance ministers.

Berlin does not see any basis for Greece to get the next tranche of its bailout immediately to prevent it from becoming insolvent but if Athens implements its reforms sooner than expected, it could get paid early, a German finance ministry spokesman said.

A meeting in Brussels between EC president Jean-Claude Juncker and German Chancellor Angela Merkel, the first since the ex-Luxembourg PM assumed the Commission’s top spot, expectedly included both Greece and Ukraine on the agenda.