Eurogroup decisions and statement on Greece

The Eurogroup concluded yesterday that the necessary elements are in place for the approval of the next EFSF installment, which amounts to €7.5bn. The disbursement will take place in two sub-tranches: A first sub-tranche of €4.2bn will be approved by the EWG and the EFSF BoD in the following days, following the completion of the…

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Mortgage credit: Council confirms agreement with EP

The Permanent Representatives Committee today approved a compromise text agreed with the European Parliament on 22 April on legislation aimed at creating a genuine internal  market for mortgage credit, with a high degree of consumer protection. The presidency will confirm to the Parliament the Council’s approval of the text, enabling  adoption of the legislation at…

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