Thursday

26th May 2016

EU and IMF agree debt relief for Greece

Greece's creditors will take measures to reduce the cost of debt repayment and for the first time say debt could be reduced in the future. They also decided a €10-billion new loan.

EU still divided on Chinese steel

Despite growing political pressure, trade ministers at a meeting Friday are not expected to reinforce EU trade defense against Chinese dumping.

Greece's creditors set out debt relief roadmap

Eurozone finance ministers agree for the first time to consider measures to ease the burden of the Greek debt. An agreement for a next payment of bailout support is expected on 24 May.

Greece and EU make progress on bailout deal

Athens and EU institutions agreed on an economy package to unblock aid that could go beyond €10 billion. Agreement on future contingency measures and IMF support still lacking.

MEPs: China is not a market economy

China should not be granted market economy status, say MEPs. The EU Commission says it is trying to find a solution to defend EU industry.

EU recovery to slow this year

On just 1.8 percent growth, the commission's forecast is less optimistic than before because of an instable global economy and lack of results of EU reforms.

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LuxLeaks trial to be whistleblower showcase

The trial of Antoine Deltour, who leaked documents on Luxembourg's sweetheart tax deals with big firms, will be used by campaigners and politicians to push for a law to protect whistleblowers.

ECB brushes off German criticism

"We obey the law, not the politicians," the president of the European Central Bank, Mario Draghi, said after German finance minister criticised its anti-inflation policies.

Opinion

EU fiscal rules, migrants and Belgium's trick

Belgium has found a way to save on migrant costs and to get more leniency from the EU commission on fiscal targets. Its solution is to cut development aid.

Investigation

VW will not publish emissions cheat report

Volkswagen said it would keep its preliminary report into the emissions scandal secret because publishing it would “present an unacceptable risk” to the firm.

Lenders press Greece to adopt conditional laws

New talks will take place on measures to be triggered if Greek finances are not good enough, in parallel with discussions on a review of Greek reforms and, for the first time, debt relief.

'Don't expect any deals' on Greece today

Eurogroup chief Dijsselbloem said he's hearing "good news" from Athens but ruled out quick deal on new loans. Some economists warn Grexit is still a threat.