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Croatia Switches To Euro, Enters Europe's Passport-Free Zone
Croatia on Sunday switched to the euro and entered Europe's passport-free zone -- two major milestones for the country after joining the European Union nearly a decade ago.
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European Central Bank Steps in as Banks Test Crypto Waters Ahead of Pan-EU Licensing Rules
The European Central Bank (ECB) on Wednesday announced that it was taking steps to harmonise the assessment of licensing requests. The ECB, which directly regulates top euro zone lenders such as Deutsche Bank, UniCredit and BNP Paribas, said it would examine if crypto activities were in line with a bank's risk "profile", which determines how much c...
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Northern EU States Urge Caution In Euro Reforms
Eight northern European countries said on Tuesday that euro zone reforms should focus on completing the banking union, improving compliance with budget rules and setting up a European Monetary Fund, with more ambitious plans left for later.
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More Than Half of Germans Think Planned Greek Deal Is Bad: Poll
More than half of Germans think the planned deal with Greece is bad and many would have preferred that the crisis-stricken country left the euro zone rather than getting the chance for further aid, according to an opinion poll.
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US Stocks Rise on Greek Deal; Dow in the Black for the Year
US stocks were higher on Monday, with the Dow Jones industrial average moving into positive territory again for the year, after euro zone leaders reached an agreement with Greece to move forward with a bailout loan for the country to avert bankruptcy.
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Greece Faces Tough Conditions Under Deal With Euro Zone
Euro zone leaders made Greece surrender much of its sovereignty to outside supervision on Monday in return for agreeing to talks on an 86 billion euros bailout to keep the near-bankrupt country in the single currency.
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Summary of Euro Zone Leaders' Agreement With Greece
Euro zone leaders set conditions today for Greece to negotiate a third bailout to keep the near-bankrupt country in the euro zone.
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#ThisIsACoup Trends on Twitter as Eurozone Agrees Tough Greece Deal
A bailout proposal euro zone countries hammered out for Greece has sparked a trending Twitter hashtag, #ThisIsACoup, for containing harsh terms seen as stripping Athens of its fiscal sovereignty.
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Euro Zone Clinches Deal With Greece After All-Night Haggle
Euro zone leaders clinched a deal with Greece today to negotiate a third bailout to keep the near-bankrupt country in the euro zone after a whole night of haggling at an emergency summit.
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Angry at Demands, Greeks Rail at German 'Humiliation'
Greeks accused Germany of trying to humiliate them by making tougher demands for a new bailout deal, as the country's fate in the euro zone hung in the balance ahead of a meeting of European ministers in Brussels today.
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Euro Zone Demands More From Greece, Delays Decision on Aid
Sceptical euro zone finance ministers demanded on Saturday that Greece go beyond painful austerity measures accepted by Prime Minister Alexis Tsipras if he wants them to open negotiations on a third bailout for his bankrupt country to keep it in the euro.
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Prime Minister Alexis Tsipras Pleads for Fair Deal for Greece in EU Parliament
Greek Prime Minister Alexis Tsipras pleaded in the European Parliament today for a fair deal to keep his country in the euro zone, acknowledging Greece's own responsibility for its plight, after EU leaders gave him five days to come up with reforms.
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Greece Crisis May Have Indirect Impact on India: Official
With the risk of Greece's exit from the euro zone increasing after voters of the European country rejected the terms of the bailout offer, the Indian government on Monday said it is closely monitoring the situation.
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Greece Defies Europe With Overwhelming Referendum 'No'
Greece overwhelmingly rejected conditions of a rescue package from creditors on Sunday, throwing the future of the country's euro zone membership into further doubt and deepening a standoff with lenders.
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Europe's Bankers Press Pause Not Panic Over Greece
Euro zone stocks remained well ahead of where they were at the start of the year before the European Central Bank (ECB) started printing money, and while government borrowing costs shot up in Europe's indebted southern countries - Italy, Spain and Portugal - they remained well below the heights scaled at the peak of the crisis in 2011/2012.
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Croatia Switches To Euro, Enters Europe's Passport-Free Zone
Croatia on Sunday switched to the euro and entered Europe's passport-free zone -- two major milestones for the country after joining the European Union nearly a decade ago.
-
European Central Bank Steps in as Banks Test Crypto Waters Ahead of Pan-EU Licensing Rules
The European Central Bank (ECB) on Wednesday announced that it was taking steps to harmonise the assessment of licensing requests. The ECB, which directly regulates top euro zone lenders such as Deutsche Bank, UniCredit and BNP Paribas, said it would examine if crypto activities were in line with a bank's risk "profile", which determines how much c...
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Northern EU States Urge Caution In Euro Reforms
Eight northern European countries said on Tuesday that euro zone reforms should focus on completing the banking union, improving compliance with budget rules and setting up a European Monetary Fund, with more ambitious plans left for later.
-
More Than Half of Germans Think Planned Greek Deal Is Bad: Poll
More than half of Germans think the planned deal with Greece is bad and many would have preferred that the crisis-stricken country left the euro zone rather than getting the chance for further aid, according to an opinion poll.
-
US Stocks Rise on Greek Deal; Dow in the Black for the Year
US stocks were higher on Monday, with the Dow Jones industrial average moving into positive territory again for the year, after euro zone leaders reached an agreement with Greece to move forward with a bailout loan for the country to avert bankruptcy.
-
Greece Faces Tough Conditions Under Deal With Euro Zone
Euro zone leaders made Greece surrender much of its sovereignty to outside supervision on Monday in return for agreeing to talks on an 86 billion euros bailout to keep the near-bankrupt country in the single currency.
-
Summary of Euro Zone Leaders' Agreement With Greece
Euro zone leaders set conditions today for Greece to negotiate a third bailout to keep the near-bankrupt country in the euro zone.
-
#ThisIsACoup Trends on Twitter as Eurozone Agrees Tough Greece Deal
A bailout proposal euro zone countries hammered out for Greece has sparked a trending Twitter hashtag, #ThisIsACoup, for containing harsh terms seen as stripping Athens of its fiscal sovereignty.
-
Euro Zone Clinches Deal With Greece After All-Night Haggle
Euro zone leaders clinched a deal with Greece today to negotiate a third bailout to keep the near-bankrupt country in the euro zone after a whole night of haggling at an emergency summit.
-
Angry at Demands, Greeks Rail at German 'Humiliation'
Greeks accused Germany of trying to humiliate them by making tougher demands for a new bailout deal, as the country's fate in the euro zone hung in the balance ahead of a meeting of European ministers in Brussels today.
-
Euro Zone Demands More From Greece, Delays Decision on Aid
Sceptical euro zone finance ministers demanded on Saturday that Greece go beyond painful austerity measures accepted by Prime Minister Alexis Tsipras if he wants them to open negotiations on a third bailout for his bankrupt country to keep it in the euro.
-
Prime Minister Alexis Tsipras Pleads for Fair Deal for Greece in EU Parliament
Greek Prime Minister Alexis Tsipras pleaded in the European Parliament today for a fair deal to keep his country in the euro zone, acknowledging Greece's own responsibility for its plight, after EU leaders gave him five days to come up with reforms.
-
Greece Crisis May Have Indirect Impact on India: Official
With the risk of Greece's exit from the euro zone increasing after voters of the European country rejected the terms of the bailout offer, the Indian government on Monday said it is closely monitoring the situation.
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Greece Defies Europe With Overwhelming Referendum 'No'
Greece overwhelmingly rejected conditions of a rescue package from creditors on Sunday, throwing the future of the country's euro zone membership into further doubt and deepening a standoff with lenders.
-
Europe's Bankers Press Pause Not Panic Over Greece
Euro zone stocks remained well ahead of where they were at the start of the year before the European Central Bank (ECB) started printing money, and while government borrowing costs shot up in Europe's indebted southern countries - Italy, Spain and Portugal - they remained well below the heights scaled at the peak of the crisis in 2011/2012.
