The IMF and eurozone states have been bailing out Greece for years. Now the creditors are arguing among themselves – about possible debt relief and Greek commitment to austerity measures. The disbursement of more money hangs in the balance.
Mario Centeno has been elected as the new Eurogroup president, with the finance ministers praising him for his balancing act between growth and budget discipline that earned him a comparison with football star Ronaldo.
Greece's creditors have concluded a first round of fresh bailout inspections to assess reforms. Even if deadlines are met, a shattered economy and battered public trust will linger behind, says Anthee Carassava.
German Finance Minister Wolfgang Schäuble, a seasoned stickler, is bidding farewell after eight years. Though anyone in the EU looking forward to a future of more debt may be cheering too soon, writes Bernd Riegert.
A recovery in the labor market has reduced poverty and improved social justice across the EU, according to the Bertelsmann Foundation. But the gap between northern and southern countries remains wide.
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