Political News


Greece-EU-052317.jpg Eurozone finance ministers hope to reach a deal on Greece's debt relief and release another tranche of bailout funds to the country in their June meeting, as they failed to reach an agreement on the matter with the International Monetary Fund on Monday. The next Eurogroup meeting is scheduled to be held on June 15 in Luxembourg.

European Union countries have made significant progress in fiscal policy and governance and active labor market policies, suggesting that important reforms are being implemented across the region, the European Commission said Monday.

Greece-EU-051917.jpg Greece's lawmakers approved a reforms package on Thursday that includes pension cuts and tax hikes as demanded by the country's lenders in return for unlocking another tranche of bailout funds and to start discussions over debt relief. The parliament nod came ahead of the Eurogroup meeting on May 22 when euro area finance ministers would consider disbursement of the bailout funds.

Unity among all EU countries was vital for ensuring a positive outcome of the exit negotiations with the United Kingdom, European Council President Donald Tusk said Wednesday. "Our unity is the most important condition for the positive outcome of the negotiations," Tusk said in a European Parliament...

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