Here's When We'll Finally Know if Bulgaria Will Join the Eurozone
In July, Bulgaria’s eurozone entry plans will be definitively clarified
The Eurogroup rejected on Tuesday the request of the Greek government to extend the bailout programme of the country.
This became clear after the end of the extraordinary teleconference of the eurozone finance ministers.
The conference call was necessitated after the Greek government submitted its latest list of proposals earlier on Tuesday.
These developments come just hours before Greece is expected to default on its IMF debt repayment of EUR 1.6 B, which falls due later on Tuesday.
It is likely for a new meeting of eurozone finance ministers to be convened again on Wednesday to discuss the other proposals of Greek Prime Minister Alexis Tsipras.
In its latest proposal, Greece asked for an extension of its bailout and a new two-year EUR 29.1 B aid deal under the European Stability Mechanism (ESM) with a parallel debt restructuring.
However the Greek government made no concessions to the demands of international creditors for economic reforms.
Greece requested for its bailout programme to be extended for a short period of time in order to avert a technical default on its IMF debt repayment.
Finnish Finance Minister Alexander Stubb announced that an extension of the bailout programme was not possible, while the request for new ESM programme had to be dealt through the normal procedures.
A group of Members of the European Parliament (MEPs) has raised urgent concerns with the European Commission regarding the ongoing detention of Saudi political activist Abdulrahman al-Khalidi in Bulgaria
Bulgarian investigative journalist Christo Grozev has been invited to speak before the European Parliament in Brussels on April 22
European Commission President Ursula von der Leyen declared that the era of a unified West is over, stating that only Europe remains as a bastion of the values traditionally associated with the Western alliance
The European Union has warned Serbia that President Aleksandar Vucic’s possible attendance at Russia’s Victory Day parade next month could jeopardize the country's EU accession process
The European Commission (EC) is reviewing legal mechanisms that would allow European energy companies to exit long-term contracts with Russian suppliers without incurring significant financial penalties
China has announced a steep increase in tariffs on U.S. imports, raising duties to 125% in response to Washington's latest trade measures
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