A London Based Digital Publication Covering Diplomatic & Business Activities Globally

Thursday, June 12, 2025

Eurozone Ministers Meet to seek way Out of Crisis

Eurozone(Brussels) – Another week of talks has been launched by European Finance Ministers at Brussels. The leaders hope to get a deal with banks to slash Greece’s debts and agreement on a new balanced budgets treaty that will mark a turning point in the debt crisis.

The ministers have also given a call to decide how to deal with non-euro Hungary’s bid to secure a new line of credit from the International Monetary Fund, and disagreement remaining over future government rescue funding both at European Union and IMF levels.

The summit targets to put to bed the issue of so-called PSI, or private-sector involvement, and “there’s a long way to go yet”, said one well-versed EU official.

Without a deal on PSI, it won’t get a second bailout, and without the second rescue, it won’t make those payments.

European Union’s ten other finance ministers plus European Parliament negotiators will also join the summit, for what they hope will be final discussions on the budget pact to be signed by all save Britain, as well as a discussion on rescue funding arrangements.

Latest Posts

Latest Posts

Stay in touch

To be updated with all the latest news, offers and special announcements.

RELATED ARTICLES

UK Private Sector Growth Reaches Six-Month High

UK Private Sector Growth Reaches Six-Month High UK private sector...

UK and UAE expand cooperation in Sustainability

Abdulla Balalaa, UAE Assistant Minister of Foreign Affairs

Crown Princes of Dubai and Abu Dhabi Meet for Iftar Dinner

His Highness Sheikh Khaled bin Mohamed bin Zayed Al...

Sheikh Tahnoon Meets President Trump to expand US- UAE Ties

Sheikh Tahnoon Meets Donald Trump

Foreign Minister meets President of Finland

HELSINKI — His Highness Sheikh Abdullah Bin Zayed Deputy...

Mark Carney New Prime Minister of Canada

Former central banker Mark Carney was sworn in as...

Sheikh Abdullah meets HM King Federik of Denmark

Sheikh Abdullah meets HM King Federik of Denmark COPENHAGEN —...

Sarah Mooney Appointed British Consul General in Dubai

Sarah Mooney Appointed British Consul General in Dubai The newly...

Sharjah Ramadan Majlis Highlights Economic Opportunities

Sharjah Ramadan Majlis 2025: Shaping the Future and Empowering...