Euro Zone Leaders

European Union leaders are willing to change the bloc's rules for the freedom of movement of workers, opening an opportunity for Britain to avoid a damaging "hard Brexit", former prime minister Tony Blair said today.

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.

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.

Euro zone leaders set conditions today for Greece to negotiate a third bailout to keep the near-bankrupt country in the euro zone.

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.

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.

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.

A senior EU source said such a temporary exit from the euro was illegal and would not survive in the summit statement.

Greek Prime Minister Alexis Tsipras told U.S. Treasury Secretary Jack Lew that a cash-for-reform deal to keep Greece in the euro zone would need the commitment of all sides, a Greek official said, ahead of a crucial summit of euro zone leaders on Sunday.

Euro zone leaders will fight to the finish to keep near-bankrupt Greece in the euro zone today after the European Union's chairman cancelled a planned summit of all 28 EU leaders that would have been needed in case of a "Grexit".

European Council President Donald Tusk said today that he had cancelled a planned meeting of EU heads of state and government this afternoon, with a summit of euro zone leaders scheduled to continue until talks conclude on Greece.

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.

German Chancellor Angela Merkel and French President Francois Hollande, the euro zone's most powerful leaders, said Athens must move quickly if it wants to secure a cash-for-reform deal with creditors and avoid crashing out of the single currency.

The dramatic move came hours before European Union leaders meet in Brussels for a summit on migration, the long-term future of the euro zone and renegotiating Britain's membership terms, that has been overshadowed by the looming Greek debt crisis.

Euro zone leaders welcomed new budget proposals from Athens on Monday as a basis for further negotiations to unlock billions of euros in frozen aid and avert a default that could trigger a Greek exit from the single currency area.

European Union leaders are willing to change the bloc's rules for the freedom of movement of workers, opening an opportunity for Britain to avoid a damaging "hard Brexit", former prime minister Tony Blair said today.

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.

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.

Euro zone leaders set conditions today for Greece to negotiate a third bailout to keep the near-bankrupt country in the euro zone.

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.

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.

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.

A senior EU source said such a temporary exit from the euro was illegal and would not survive in the summit statement.

Greek Prime Minister Alexis Tsipras told U.S. Treasury Secretary Jack Lew that a cash-for-reform deal to keep Greece in the euro zone would need the commitment of all sides, a Greek official said, ahead of a crucial summit of euro zone leaders on Sunday.

Euro zone leaders will fight to the finish to keep near-bankrupt Greece in the euro zone today after the European Union's chairman cancelled a planned summit of all 28 EU leaders that would have been needed in case of a "Grexit".

European Council President Donald Tusk said today that he had cancelled a planned meeting of EU heads of state and government this afternoon, with a summit of euro zone leaders scheduled to continue until talks conclude on Greece.

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.

German Chancellor Angela Merkel and French President Francois Hollande, the euro zone's most powerful leaders, said Athens must move quickly if it wants to secure a cash-for-reform deal with creditors and avoid crashing out of the single currency.

The dramatic move came hours before European Union leaders meet in Brussels for a summit on migration, the long-term future of the euro zone and renegotiating Britain's membership terms, that has been overshadowed by the looming Greek debt crisis.

Euro zone leaders welcomed new budget proposals from Athens on Monday as a basis for further negotiations to unlock billions of euros in frozen aid and avert a default that could trigger a Greek exit from the single currency area.