Three reasons for optimism over the Eurozone economy
Mar 04, 2015 at 22:12 | Source:
It is easy to be gloomy about the Eurozone's economic prospects. While GDP in the UK and US is now above its pre-crisis level, in the Eurozone it is still languishing below. But is there room for greater optimism? A major economy being smaller t...
Juncker says no talks in the euro zone for a third Greek bailout
Mar 03, 2015 at 01:15 | Source:
BERLIN (Reuters) - There are no talks about a third bailout for Greece, European Commission President Jean-Claude Juncker told Reuters in Berlin on Monday after Spain's economy minister said euro zone nations are discussing a third bailout worth 30 t...
Greece to present specific reforms at March 9 Eurogroup - deputy PM
Mar 03, 2015 at 00:30 | Source:
ATHENS (Reuters) - Greece will outline the details of reforms agreed with its international lenders at a meeting of euro zone finance ministers on March 9, the country's deputy prime minister said on Monday.Athens secured a four-month extension of it...
Spain says a third Greek bailout under discussion
Mar 03, 2015 at 00:15 | Source:
MADRID/ATHENS (Reuters) - Euro zone countries are discussing a third bailout for Greece worth 30 billion to 50 billion euros, Spain's economy minister said on Monday, as Athens sought to quell fears it might run out of money before the end of March.S...
Despite Greece, euro zone is turning the corner
Mar 01, 2015 at 21:45 | Source:
LONDON (Reuters) - The latest episode of Greece's debt crisis has revived doubts about the long-term survival of the euro, nowhere more so than in London, Europe's main financial centre and a hotbed of Euroscepticism.The heightened risk of a Greek de...
Greek PM accuses Spain, Portugal of anti-Athens "axis"
Feb 28, 2015 at 23:46 | Source:
ATHENS (Reuters) - Greece's leftist Prime Minister Alexis Tsipras accused Spain and Portugal on Saturday of leading a conservative conspiracy to topple his anti-austerity government, saying they feared their own radical forces before elections this y...
Greece runs out of funding options despite euro zone reprieve
Feb 28, 2015 at 07:15 | Source:
BRUSSELS/ATHENS (Reuters) - Greece is running out of options to fund itself despite a four-month bailout extension, raising pressure on Athens to quickly implement reforms it has vocally opposed or default on debt repayments in a matter of weeks.Euro...
Greek debt crisis: German MPs back bailout extension
Feb 28, 2015 at 04:37 | Source:
The German parliament has voted to extend financial aid to Greece by another four months. The extension - approved by creditors last week in exchange for a series of Greek government reforms - needs to be ratified by eurozone members. Some MPs had e...
German Parliament approves Greece's four-month bailout extension
Feb 27, 2015 at 16:22 | Source:
Berlin: Germany's Parliament has given its overwhelming approval to the four-month extension of Greece's financial bailout, despite unease over the new government in Athens.Lawmakers voted 542-32 on Friday to back the bailout extension. There were 13...
Greek debt crisis: Germans to vote on bailout after Athens violence
Feb 27, 2015 at 15:17 | Source:
The German parliament is debating a plan to extend financial aid to Greece by another four months. The extension - approved by creditors last week in exchange for a series of Greek government reforms - needs to be ratified by Eurozone members. Althou...
Is Greek honeymoon over for Tsipras after EU bailout deal?
Feb 27, 2015 at 15:17 | Source:
The cold January wind swept through Omonia Square in Athens for Alexis Tsipras's penultimate pre-election rally, eased only by the sense of excitement in the crowd. Half of Greek debt would be written off, he told supporters, promising to finish...
Greek debt crisis: Violence in Athens ahead of Germany vote
Feb 27, 2015 at 12:37 | Source:
Police and protesters have clashed in Athens after the first anti-government demonstration since Greece's leftist Syriza party took power last month. Dozens of activists hurled petrol bombs and stones at police and set cars alight after the marc...
RBS reports £3.5bn loss for 2014
Feb 27, 2015 at 04:37 | Source:
UK state-owned bank RBS has reported a loss of £3.5bn for 2014, down from a £9bn loss the previous year. The results were hit by a £4bn writedown on the sale of its US business, Citizens. The bank's chief executive Ross McEwan confirmed he wo...
Greek protesters clash with police in first backlash against Syriza
Feb 27, 2015 at 04:31 | Source:
ATHENS (Reuters) - Dozens of black-clad protesters clashed with riot police in central Athens on Thursday, smashing shop windows, throwing petrol bombs and burning cars after an anti-government march, the first since the leftist Syriza party took pow...
World stocks near all-time highs after Fed signals
Feb 26, 2015 at 02:30 | Source:
LONDON (Reuters) - World stocks were within touching distance of an all-time high on Wednesday as investors cheered signals from Federal Reserve Chair Janet Yellen that the U.S. central bank would not rush into raising interest rates.Markets, still o...
Greece sees problems repaying IMF, ECB; Germans air mistrust
Feb 26, 2015 at 01:30 | Source:
ATHENS/BERLIN (Reuters) - Greece said on Wednesday it will struggle to make debt repayments to the IMF and the European Central Bank this year as Germany's finance minister voiced open doubts about Athens' trustworthiness.A day after euro zone financ...
Cracks appear in Greek government as Tsipras walks tightrope
Feb 25, 2015 at 23:16 | Source:
ATHENS (Reuters) - A prominent Greek minister defied his government's pledge to press on with some state asset sales, revealing the first open dissent within Prime Minister Alexis Tsipras's coalition and highlighting the tightrope that the leftist pr...
Asian shares rise after Yellen stresses policy flexibility
Feb 25, 2015 at 06:45 | Source:
TOKYO (Reuters) - Asian stocks rose on Wednesday thanks to gains on Wall Street after Federal Reserve Chair Janet Yellen suggested the Fed would not rush into raising interest rates, a reassuring signal for investors worried about a deteriorating glo...
Greek bailout: Eurozone pressure remains despite deal
Feb 25, 2015 at 03:26 | Source:
It's hardly a ringing endorsement. Following weeks of negotiations and meetings and increasingly short tempers, the Eurogroup has finally approved the Greek reform plan with a degree of enthusiasm that looks suspiciously like a damp squib. After...
FTSE 100 touches new record high
Feb 24, 2015 at 22:06 | Source:
The FTSE 100 share index has hit a record high after passing through the previous intra-day record of 6,950.6 set on 30 December 1999. The index set a new record peak of 6,954.79, before slipping back. The index is now on track to set a record closin...