Tuesday

18th Dec 2018

Ticker

Eurozone rescue fund gives last bailout loan to Greece

The European Stability Mechanism (ESM) paid out the fifth and final tranche of financial assistance to Greece on Monday, amounting to €15bn. Managing director Klaus Regling said "Greece has come a long way during the three years of the ESM programme" ending on 20 August. From the payment, €9.5bn will be used to strengthen Greece's cash buffer and €5.5bn will be used for debt service.

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Muscat's one-man rule poses challenge for EU

Malta's PM already enjoys the kind of one-man rule Hungary and Poland are trying to build, but can the EU afford another political confrontation in sensitive times?

Orban protests target state media in new front

Unprecedented protests against Hungarian prime minister Viktor Orban's "illiberal" style mark a rare united front of opposition parties, amid new violence against opposition MPs.

Opinion

Brexit and the Queen Sacrifice

Sometimes in chess, a sacrifice brings victory. Theresa May should pay heed to the example of Slovakia's premier, Iveta Radicova, who sacrificed her job in order to get difficult euro bailout legislation through the Bratislava parliament.

EU gives Switzerland another six months for a deal

The EU commission is giving more time to the Swiss government to endorse a deal that would put various sectorial agreements to access the single market under one deal. Nevertheless, after Brexit, the EU has had enough of exceptions.

Opinion

Fiscal discipline rules in eurozone are devastating

New rules are needed that do not place the heaviest burdens on a few countries, but ensure that all countries benefit from the euro. Avoiding imbalances in trade between countries can do this.

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Latest News

  1. Muscat's one-man rule poses challenge for EU
  2. Orban protests target state media in new front
  3. Brexit and the Queen Sacrifice
  4. EU gives Switzerland another six months for a deal
  5. Fiscal discipline rules in eurozone are devastating
  6. EU capitals see weekend of tear gas and water cannon
  7. Bulgarian 'EU passports' whistleblower wants justice
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