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Athens to send draft budget to Brussels after talks with IMF on pensions
EconomyProgrammemanaging director Christine Lagarde in Bali on Friday. The head of the IMF’s European department Poul
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IMF distances itself from budget talks, leaving Athens and EU to hammer out deal
EconomyProgrammeTsakalotos and IMF managing director Christine Lagarde met in Bali last month, the Greek official was given
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Member Area
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Statement on the support to Greece by Euro area Members States
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Finance Ministry's defence of economic record highlights area of policy weakness
EconomyMacroeconomyThe Greek government pulled out all the stops over the last couple of weeks in an attempt to defend its economic record, culminating in the Finance Ministry presenting a document outlining the seven areas in which Greece is outperforming its eurozone pe...
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Buying time: The delayed crisis of democratic capitalism - a review
AgoraBy now books about the financial crisis of 2008/09 and the sovereign debt crisis in the euro area... participation. Streeck’s key focus rests on analysing how since 2008/09 euro area governments sought... in the euro area, financial diplomats from the troika, the ECB in Frankfurt and the Commission in Brussels
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Reflections on Greece's balance of payments
Agoraand the combined other 18 member countries of the euro area. We have taken the euro area as a whole because... in the BOP can be influenced by exchange rate movements. Since all 19 euro area countries use the same... countries of the euro area have saved some of their income. Before the Great Recession in 2009-2010
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Sharp increase in May arrivals, particularly from Germany, delivers travel balance boost
EconomyMacroeconomyof the EU receipts dropped by 2 percent to 312 million. Euro area residents were the main contributor... million. The non-euro area EU28 spending came to 347 million, up by over 32 percent. Germany had... percent, while those outside of the EU dropped by 2.4 percent. Visitors from the euro area were up
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Moments to remember from the euro crisis
Agoraand executed left scars throughout the euro area. In the countries that had to succumb to adjustment... the euro area. Within this context, the role of the ECB and its presidents needs to be scrutinised... and today what counts is to abide by the rules, to have well-managed governance of the euro area
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Cost of Greek corporate loans rises in April, remains well above euro average
EconomyMacroeconomyand remained well above the euro area average, according to the Bank of Greece (BoG). This rate had... the respective euro-area average rate of 1.56 percent in April, although the difference narrowed during... to 6 percent. The average euro-area rate on corporate loans over 1 million euros stands almost 4
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