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Jean-Claude Juncker

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  1. Luxembourg
  2. Eurozone
  3. Antonis Samaras
  4. Failure Of Austerity
  5. Greece Bailout
  6. Federal Spending / Debt
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Juncker concedes mistakes on Greek bailout

Former Eurogroup president Jean-Claude Juncker says mistakes were made in the bailout of Greece.The Luxembourg Prime Minister, who played a central role in the 2010 bailout out through his role as the head of the grouping of the euro finance ministers, said the European Union and the International Monetary Fund were "overly optimistic" in the early stages of the bailout process.Juncker stepped down as the Eurogroup president earlier this year.His remarks during a visit to Athens Tuesday follows on from last week's admission from the IMF that the Greek rescue deal had failed to restructure the country's national debt early enough. A spat has since developed between the EU and the IMF.Juncker, who met with Greek Prime Minister Antonis Samaras, was awarded Greece's highest honor....

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  1. Euro officials reach deal to reduce Greek debt

    Greece is on its way to getting the next installment of its much-needed bailout loans after finance ministers from the 17 European Union countries that use the euro ...

  2. Spain formally asks fellow eurozone countries for rescue loans for its banks, no figure given

    Spain has made a formal request for a loan to help clean up its troubled banking sector, the Economy Ministry said Monday.However, the country has yet to specify how...

  3. Eurozone finance ministers to discuss Greek aid

    European Union officials will make a fresh try Tuesday to reaching a political accord on desperately needed bailout loans to Greece — an agreement that eluded them l...

  4. Greece to get 2 more years but delay to bailout

    Greece's international creditors failed to agree Monday on how to get the country's bailout program back on track and put off again the release of the next batch loa...

  5. Creditors propose giving Greece 2 more years

    Greece's international creditors are proposing granting the country two more years to meet its debt reduction targets as the country enters its sixth consecutive yea...

  6. Report: Luxembourg's Juncker says Greece won't leave eurozone, exit isn't politically feasible

    Greece won't leave the 17-nation eurozone, Luxembourg's prime minister said, arguing in an interview published Saturday that an exit wouldn't be politically feasible...

  7. Global markets slide ahead of key week for Greece; China index hits lowest since 2009

    Global markets edged lower in lackluster trading on Monday as investors remained cautious ahead of a crucial week for Greece, whose leaders will try to show they are...

  8. German foreign minister: Greece should stay in eurozone and follow through with reforms

    Europe's leaders are gearing up for a high-stakes week of financial diplomacy that could determine Greece's future — and the stability of the 17 countries that use t...

  9. Greece seeking to hammer out $14.2 billion in spending cuts ahead of top-level meetings

    Greek finance officials on Monday held new talks on finalizing €11.5 billion ($14.19 billion) in spending cuts necessary for the country to continue receiving the in...

  10. Markets rise on hopes that European Central Bank will reach deal to help Spain, Italy

    Hopes that the European Central Bank will reach a deal to help Spain and Italy borrow at cheaper rates nudged financial markets higher on Tuesday.Investors are incre...

  11. Eurogroup head Juncker: Greek bailout program extension will depend on debt inspectors' report

    Greece's premier embarked Wednesday on a diplomatic push to earn his debt-crippled nation more time to complete reforms and retain access to bailout loans, but a top...

  12. Spain inches closer to asking for help as euro ministers hint at giving Greece more time

    Spain revealed Friday that it will present a new set of economic reforms by the end of the month, in a move that raises hopes that the struggling country will soon a...

  1. Financial hub Luxembourg under increased scrutiny

    As the European Union's wealthiest country, Luxembourg could have been forgiven for thinking that it would never find itself on the bloc's financial risk list.With j...

  2. Tiny Luxembourg defends its large financial sector

    Luxembourg defended the huge size of its financial sector from criticism Wednesday after Cyprus' messy bailout deal dragged other tiny economies with big banking sec...

  3. Juncker: no bailout for Cyprus before March

    The outgoing president of the eurozone finance ministers' meetings says Cyprus cannot receive a financial bailout before March.Jean-Claude Juncker said Monday before...

  4. Germany: decision on new Eurogroup chairman Monday

    A German official says finance ministers from the 17 EU nations that use the euro will decide next week on a successor to the group's outgoing chairman, Jean-Claude ...

  5. Dutchman seen as likely next leader of Eurogroup

    The outgoing leader of the group of finance ministers from the 17 European Union countries that use the euro on Thursday gave the clearest indication yet that his su...

  6. Top European officials propose plan to persuade Germany to accept some debt-sharing

    Top European officials have called on countries that use the euro to surrender more control over their national budgets, a move apparently aimed at easing Germany's ...

  7. More bad news: New Greek government hit by yet another Cabinet resignation

    Can there be one day without bad news for the new Greek government?Perhaps, but not Tuesday. The coalition government suffered another setback as a second Cabinet me...

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