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EU finance ministers are meeting today and will discuss how to find between €7bn and €12bn in bridge loans for Greece to hold it over until mid-August when a full bailout might be secured. However, there are few good options on the table and the UK risks being dragged into what should be a Eurozone only issue up to the tune of €1.4bn.

The post Bridge financing for Greece – what are the options and should the UK be involved? appeared first on Open Europe.

Posted by Raoul Ruparel

After 14 hours of talks between finance ministers and then 17 hours of talks between Eurozone leaders there is a preliminary agreement (in principle) for the reopening of bailout talks to keep Greece in the Eurozone (for now). Below are some initial thoughts on the deal – primarily that it means more of the same for Greece and provides little light at the end of the tunnel, that is assuming the deal gets done at all which is far from assured.

The post More of the same potentially on the cards for Greece as Grexit avoided for now appeared first on Open Europe.

Posted by Raoul Ruparel

The changes to the minimum wage and welfare benefits set out in Chancellor George Osborne’s Summer Budget could have a knock-on effect on the UK’s desire to reform EU rules around migrants’ access to benefits. Open Europe’s Pawel Swidlicki assesses the various implications.

The post Where do the welfare changes in the Budget leave the UK’s proposals to reform EU free movement rules? appeared first on Open Europe.

Posted by Pawel Swidlicki

Ahead of a historic moment in the Eurozone as Greeks are due to head to the polls on Sunday 5th July – Greece’s membership of the bloc hangs in the balance. Having followed the Greek crisis its inception, Open Europe lays out what is at stake, and the consequences of what’s to follow.

The post An unenviable choice – no good options on offer as Greeks head to the polls appeared first on Open Europe.

Posted by Raoul Ruparel