Rich countries should help the world's poorest survive the coronavirus pandemic by keeping up development aid and mulling relief measures that go beyond a moratorium on debt payments, German Chancellor Angela Merkel said on Wednesday (20 May).
EU countries will discuss a request for debt relief from five Sahel countries as part of efforts to help them cope with coronavirus, European Council chief Charles Michel said Tuesday (28 April).
The G20 group of leading economies agreed on Wednesday (15 April) to suspend debt payments owed to them by some of the world's poorest countries in a bid to cushion the economic impact of the coronavirus pandemic.
Greece and its creditors are getting closer to a deal on a debt relief package to be sealed during the next Eurogroup meeting on 21 June, senior EU officials said on Wednesday (13 June).
Between its loans to Athens and its debt buying programmes, Germany has cashed in to the tune of €1.34bn since the beginning of the Greek crisis. EURACTIV’s partner La Tribune reports.
The Greek government on Sunday (14 May) slashed its GDP growth forecast for 2017 as it moved towards submitting new austerity measures, including a wider tax net, for approval by lawmakers.