Euro Zone Crisis
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Euro Slumps To Two-Decade Low, Oil Tumbles As Recession Fears Intensify
Euro zone recession fears were exacerbated by concerns about an energy crisis in Europe and by Tuesday's data, which showed a sharp slowdown in business growth in June, following Monday's news of a seasonally adjusted May trade deficit in Germany versus expectations for a surplus.
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Euro Zone Agrees 'Breakthrough' Debt Deal With Greece
The move came after the Greek parliament approved another round of spending cuts and tax increases demanded by international creditors.
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Most Euro Zone Firms Expect Brexit Would Hurt Economy: Survey
Most companies based in the euro zone believe a British decision to leave the European Union would hurt the region as it struggles with a sluggish economy and a migration crisis, a survey showed on Wednesday.
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Greece Likely to Meet Deadline for Bank Money Release: Euro Zone Officials
Greece is likely to qualify for recapitalisation funds for its banks by a Nov. 15 deadline because the payment depends mainly on financial sector reforms that it can implement by then, euro zone officials said on Friday.
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IMF's Lagarde Says Restructuring Should Suffice for Greek Debt
Greece's euro zone creditors, notably Germany, have ruled out a writedown but are willing to consider other forms of restructuring such as a lengthening maturities.
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Greece and Lenders Agree Bailout, Shares Rally
The deal, which came after 23 hours of talks that continued through the night, must still be adopted by Greece's parliament and by euro zone countries.
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Secret IMF Report: Greece Needs Debt Relief Far Beyond EU Plans
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.
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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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#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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European Shares Surge After Agreement on Greece Deal
European shares surged in early trading on Monday after European Council President Donald Tusk said euro zone leaders reached a unanimous agreement following all-night talks in Brussels to move forward with a bailout loan for Greece.
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Greek 'Compromise' Proposed After Alexis Tsipras, Francois Hollande and Angela Merkel Talks
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.
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Greece Argues into the Night with Eurozone on Bailout Terms
If Greece meets the conditions, the German parliament would meet on Thursday to mandate Merkel and Finance Minister Wolfgang Schaeuble to open the talks on a new loan.
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Euro Zone Leaders: Greece Must do More to Earn Rescue
A senior EU source said such a temporary exit from the euro was illegal and would not survive in the summit statement.
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Greek PM Wins Backing for Concessions; EU, IMF Give Positive Signals
The measures, which received an initial green light from the European Union and International Monetary Fund before a crucial meeting of the 19 euro zone finance ministers in Brussels, were passed with the support of pro-European opposition parties.
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Euro Zone Gives Greece Until Sunday for Debt Deal
French President Francois Hollande said the European Central Bank would ensure that Greek banks had the minimum necessary liquidity to stay afloat until Sunday.
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Euro Slumps To Two-Decade Low, Oil Tumbles As Recession Fears Intensify
Euro zone recession fears were exacerbated by concerns about an energy crisis in Europe and by Tuesday's data, which showed a sharp slowdown in business growth in June, following Monday's news of a seasonally adjusted May trade deficit in Germany versus expectations for a surplus.
-
Euro Zone Agrees 'Breakthrough' Debt Deal With Greece
The move came after the Greek parliament approved another round of spending cuts and tax increases demanded by international creditors.
-
Most Euro Zone Firms Expect Brexit Would Hurt Economy: Survey
Most companies based in the euro zone believe a British decision to leave the European Union would hurt the region as it struggles with a sluggish economy and a migration crisis, a survey showed on Wednesday.
-
Greece Likely to Meet Deadline for Bank Money Release: Euro Zone Officials
Greece is likely to qualify for recapitalisation funds for its banks by a Nov. 15 deadline because the payment depends mainly on financial sector reforms that it can implement by then, euro zone officials said on Friday.
-
IMF's Lagarde Says Restructuring Should Suffice for Greek Debt
Greece's euro zone creditors, notably Germany, have ruled out a writedown but are willing to consider other forms of restructuring such as a lengthening maturities.
-
Greece and Lenders Agree Bailout, Shares Rally
The deal, which came after 23 hours of talks that continued through the night, must still be adopted by Greece's parliament and by euro zone countries.
-
Secret IMF Report: Greece Needs Debt Relief Far Beyond EU Plans
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.
-
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.
-
#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.
-
European Shares Surge After Agreement on Greece Deal
European shares surged in early trading on Monday after European Council President Donald Tusk said euro zone leaders reached a unanimous agreement following all-night talks in Brussels to move forward with a bailout loan for Greece.
-
Greek 'Compromise' Proposed After Alexis Tsipras, Francois Hollande and Angela Merkel Talks
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 Argues into the Night with Eurozone on Bailout Terms
If Greece meets the conditions, the German parliament would meet on Thursday to mandate Merkel and Finance Minister Wolfgang Schaeuble to open the talks on a new loan.
-
Euro Zone Leaders: Greece Must do More to Earn Rescue
A senior EU source said such a temporary exit from the euro was illegal and would not survive in the summit statement.
-
Greek PM Wins Backing for Concessions; EU, IMF Give Positive Signals
The measures, which received an initial green light from the European Union and International Monetary Fund before a crucial meeting of the 19 euro zone finance ministers in Brussels, were passed with the support of pro-European opposition parties.
-
Euro Zone Gives Greece Until Sunday for Debt Deal
French President Francois Hollande said the European Central Bank would ensure that Greek banks had the minimum necessary liquidity to stay afloat until Sunday.
