Third bailout for Greece ‘realistic’, says Eurogroup’s chief

Greece might need additional financial support from the eurozone beyond 2014, when the current rescue loan programmes end. Speaking at the European Parliament on Thursday, Eurogroup’s president Jeroen Dijsselbloem said it was ‘realistic’ to expect a third bailout for Athens before it can regain market access. It is clear that despite recent progress Greece’s troubles […]

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After Second Bailout, Is Greece Still Likely to Default?

bjbjLULU JEFFREY BROWN: So, what does it all mean? We’re joined now by the European Union’s ambassador to the United States, Joao Vale de Almeida, and Scheherazade Rehman, director of the European Union Research Center and professor of international finance at George Washington University. Welcome back to both of you. SCHEHERAZADE REHMAN, George Washington University: […]

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European Leaders Struggle to Hold Together Greek Bailout Deal

bjbjLULU RAY SUAREZ: The prime minister of Greece, George Papandreou, flew to France late today to explain his sudden call for a referendum on a new European bailout for his country. The leaders of France and Germany, Nicolas Sarkozy and Angela Merkel, awaited answers, at Cannes, on the French Riviera. We have two reports from […]

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Portugal Economy Sinks, State Clings to Bailout’s Austerity Terms

JESSICA DESVARIEUX: Welcome to The Real News Network. I’m Jessica Desvarieux in Baltimore. On Sunday, Portugal’s president said he would not be calling for early elections. That means that he will be sticking to the E.U.-IMF $100 billion bailout. This translates into lowering the country’s borrowing rate, and it provides relief for international creditors. But […]

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EU ministers agree 3-part bailout loan for Greece

Eurozone finance ministers approved on Tuesday the latest bailout aid for Greece, ending a six-month stand-off between Athens and its international lenders. Meeting informally in Athens, EU ministers agreed to disburse a first tranche of over 6 billion euros to be paid at the end of April. Greece will receive two more payments of 1 […]

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La dette grecque, une tragédie européenne (The Greek debt, a European tragedy) [HQ] (multi-sub)

*The Greek debt crisis*The Greek debt crisis made the newspaper headlines from January to July 2015. And for a good reason: it is directly linked to our everyday lives as Europeans. Since May 2010, Greece has applied austerity and reform measures to its economy. In exchange, it has received loans to pay back its public […]

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Infrastructure Investment in Europe: How can the EU support long-term investment

Long-term investment into infrastructure matters, there is a lot of appetite for it, and we need to make it happen. Long-term investment in infrastructure means investments in social housing, in transport infrastructure, in energy grids, in all these things we need to have a good economy and create jobs for the future. Investment in infrastructure […]

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