Tag Archives: Eurogroup

Euro hovers at 4-month low after Eurogroup Chief’s comments

The euro is consolidating after falling to a four month low of $1.2829 in the US session on Tuesday on concerns over the euro zone debt crisis and euphoria over the Cyprus bailout deal has faded.   On Monday, the euro reversed gains and fell sharply after markets got spooked by comments from the Eurogroup chief, Jeroen Dijsselbloem, who said the rescue plan will serve as a...

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March 26, 2013 @ 8:17 am

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Dutch finance minister Dijsselbloem appointed as new Eurogroup chief

The Eurogroup appointed a new chief at their meeting on Monday, choosing Dutch finance minister Jeroen Dijsselbloem to replace outgoing Jean Claude Juncker, who was from Luxembourg. Dijsselbloem will retain his post as Dutch finance minister while chairing the Eurogroup  for a 30-month term. After his appointment as new Eurogroup head, Dijsselbloem said in a news press conference that it...

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January 22, 2013 @ 1:56 pm

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Greece to receive 49 bln euros: Eurogroup

Greece is to receive first loan installment next week after a Eurogroup agreement. A Eurogroup meeting held in Brussels on Thursday concluded on a positive note as Euro zone finance ministers and the International Monetary Fund reached an agreement to lend Greece 49.1 billion euros by the end of March. The first installment of 34 billion will be released next week. "Money will be flowing...

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December 13, 2012 @ 2:56 pm

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Greece to receive 49 bln euros: Eurogroup

Greece is to receive first loan installment next week after a Eurogroup agreement. A Eurogroup meeting held in Brussels on Thursday concluded on a positive note as Euro zone finance ministers and the International Monetary Fund reached an agreement to lend Greece 49.1 billion euros by the end of March. The first installment of 34 billion will be released next week. "Money will be flowing to...

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December 13, 2012 @ 2:56 pm

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