Bulgaria Anticipates Meeting Eurozone Inflation Criteria by September
Bulgaria is on track to meet the inflation benchmark required for Eurozone membership by September
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
The Eurogroup on Wednesday said it was ending contact maintained with Greece on a daily basis until the referendum on a bailout proposal made to the country is held Sunday.
Eurogroup President Jeroen Dijsselbloem is now adamant discussions over a new bailout could only take place "after and on the basis of the outcome" of the July 5 referendum, and sent out a letter to Greek Prime Minister Alexis Tsipras to make his point.
Letter from #Eurogroup President @J_Dijsselbloem to @atsipras, Prime Minister of the Hellenic Republic: http://t.co/ytJRddhmkl (pdf) #Greece
— EU Council Press (@EUCouncilPress) July 1, 2015
Greek voters are to decide whether or not to support the reforms package put forward by international lenders, with billions of EUR to be unlocked for Athens if it accepts.
The proposal is not deemed to have expired, but EU officials say they are waiting for the outcome of the referendum.
On Tuesday Greece failed to pay a debt installment to the IMF, the first-ever instance of a developed nation to miss such a deadline.
Hours later it was unveiled that Tsipras had tabled a new set of proposals to Eurozone partners, along with a demand for a third bailout package spanning two years and amounting to EUR 29.1 B in aid from the European Stability Mechanism (ESM). The new list includes most demands lenders have placed so far, with several exceptions.
At the same time Tsipras urges voters to give the thumbs down on creditors' reform proposals, while EU Commission President Jean-Claude Juncker on Tuesday openly called for a "yes".
However, Athens has made a shift in its position over the past 24 hours, with Prime Minister Yanis Varoufakis insisting his government will strike a deal with lenders in the end.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In February 2024, the euro area witnessed a decline in its annual inflation rate, dropping to 2.6% from January's 2.8%
According to Eurostat's latest publication, in the fourth quarter of 2023, the euro area witnessed a job vacancy rate of 2.7%, marking a decline from 2.9% in the preceding quarter and 3.1% in the same period of 2022
The most recent data from Eurostat, released on Thursday, indicates that in 2022, life expectancy at birth within the European Union is on an upward trajectory compared to the years preceding the pandemic
In a move underscoring its commitment to upholding European Union regulations, the European Commission has intensified its scrutiny of Bulgaria, pressing the nation on various fronts ranging from counterterrorism measures to environmental protectionр BTA
Anticipation mounts as Vice-President of the European Commission, Margaritis Schinas, hints at an imminent decision regarding Bulgaria and Romania's potential accession to the Schengen Area via land routes
A recent study conducted by the "Alfa Research" agency unveils insights into Bulgarian sentiments regarding European Union (EU) membership and its policies
Norwegian Inspiration: Bulgaria's Move Towards Environmentally Friendly Prisons
Nexo Is Suing Bulgaria For Over $3 Billion