Eu Bailout

Greece on Saturday concluded 12 years of European Union fiscal surveillance that was imposed in return for bailouts after a crushing debt crisis.

Britain's efforts to help find a buyer for Tata Steel's UK assets will comply with European Union state aid regulations, Business Secretary Sajid Javid said on Sunday, insisting any deal would not be a bailout or nationalisation.

Greece has struck a deal with its international creditors to unblock some 12 billion euros in much-needed loans, Finance Minister Euclid Tsakalotos said on Tuesday after marathon talks.

Greece has struck a deal with its international creditors to unblock some 12 billion euros in much-needed loans, Finance Minister Euclid Tsakalotos said today after marathon talks.

The eurozone economy is set to continue its moderate recovery over the next two years in the wake of the Greek bailout crisis, despite headwinds from the wider global economy, the EU said on Thursday.

Greece's parliament was expected to approve later today a first batch of reforms and tax cuts stemming from its third EU bailout.

Greece must "quickly implement" the terms of a tough EU bailout agreed in July, newly re-elected left-wing Prime Minister Alexis Tsipras said on Friday.

EU Economics Affairs Commissioner Pierre Moscovici on Saturday said he felt "no worries" over the outcome of elections in Greece on September 20 and that the new government would back the country's huge bailout, no matter the result.

Hopes were raised that Greece and its creditors would reach an agreement Tuesday on the terms of a third bailout for the debt-ridden nation despite the misgivings of EU paymaster Germany.

Citing high-ranking EU diplomats, the paper said the IMF believed the increase was necessary due to a recession in Greece. The economy is expected to shrink by between 2.1 and 2.3 per cent this year, a Greek government official told Reuters on Monday.

Athens is negotiating with European Union institutions and the International Monetary Fund for up to 86 billion euros ($94 billion) in fresh loans to stave off economic collapse and stay in the euro zone.

The updated debt sustainability analysis (DSA) was sent to euro zone governments late on Monday, hours after Athens and its 18 partners agreed in principle to open negotiations on a third bailout programme of up to 86 billion euros in return for tougher austerity measures and structural reforms.

The leaders of Greece, Germany, France and the EU proposed a "compromise" on a bailout deal for Athens at late-night talks which will now be put to the rest of the euro zone, a European source told AFP early today.

Greece on Sunday faced a final European Union summit to clinch a deal that would stop Athens crashing out of the euro after divided Eurozone ministers halted "very difficult" talks on a new bailout overnight.

An EU source in Brussels said on Friday that the latest debt proposals from Athens -- which closely resemble the last offer from its creditors before talks stalled -- were "positive" enough to form the basis of a massive new bailout worth 74 billion euros ($82 billion).

Greece on Saturday concluded 12 years of European Union fiscal surveillance that was imposed in return for bailouts after a crushing debt crisis.

Britain's efforts to help find a buyer for Tata Steel's UK assets will comply with European Union state aid regulations, Business Secretary Sajid Javid said on Sunday, insisting any deal would not be a bailout or nationalisation.

Greece has struck a deal with its international creditors to unblock some 12 billion euros in much-needed loans, Finance Minister Euclid Tsakalotos said on Tuesday after marathon talks.

Greece has struck a deal with its international creditors to unblock some 12 billion euros in much-needed loans, Finance Minister Euclid Tsakalotos said today after marathon talks.

The eurozone economy is set to continue its moderate recovery over the next two years in the wake of the Greek bailout crisis, despite headwinds from the wider global economy, the EU said on Thursday.

Greece's parliament was expected to approve later today a first batch of reforms and tax cuts stemming from its third EU bailout.

Greece must "quickly implement" the terms of a tough EU bailout agreed in July, newly re-elected left-wing Prime Minister Alexis Tsipras said on Friday.

EU Economics Affairs Commissioner Pierre Moscovici on Saturday said he felt "no worries" over the outcome of elections in Greece on September 20 and that the new government would back the country's huge bailout, no matter the result.

Hopes were raised that Greece and its creditors would reach an agreement Tuesday on the terms of a third bailout for the debt-ridden nation despite the misgivings of EU paymaster Germany.

Citing high-ranking EU diplomats, the paper said the IMF believed the increase was necessary due to a recession in Greece. The economy is expected to shrink by between 2.1 and 2.3 per cent this year, a Greek government official told Reuters on Monday.

Athens is negotiating with European Union institutions and the International Monetary Fund for up to 86 billion euros ($94 billion) in fresh loans to stave off economic collapse and stay in the euro zone.

The updated debt sustainability analysis (DSA) was sent to euro zone governments late on Monday, hours after Athens and its 18 partners agreed in principle to open negotiations on a third bailout programme of up to 86 billion euros in return for tougher austerity measures and structural reforms.

The leaders of Greece, Germany, France and the EU proposed a "compromise" on a bailout deal for Athens at late-night talks which will now be put to the rest of the euro zone, a European source told AFP early today.

Greece on Sunday faced a final European Union summit to clinch a deal that would stop Athens crashing out of the euro after divided Eurozone ministers halted "very difficult" talks on a new bailout overnight.

An EU source in Brussels said on Friday that the latest debt proposals from Athens -- which closely resemble the last offer from its creditors before talks stalled -- were "positive" enough to form the basis of a massive new bailout worth 74 billion euros ($82 billion).