Euro Zone Official

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  Euro Zone Unemployment Falls To Near 5-Year Low

  Euro zone unemployment fell to a near five-year low in May, official data said today, in a rare positive sign for a sluggish European economy struggling to return to solid growth.

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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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  Greece, Lenders Clinch Bailout Deal After Marathon Talks

  Greece and its international lenders clinched a multi-billion-euro bailout agreement today after marathon talks through the night, officials said, raising hopes aid can be disbursed in time for a major debt repayment falling due in days.

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  'All Sides Must Want a Deal': Greek Prime Minister Tells Washington

  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.

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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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  Greek Drama Not Likely to Waylay Federal Reserve

  The fuse may be lit for a Greek exit from the euro zone but the fallout in the United States is expected to be modest and not enough to throw the Federal Reserve's likely September rate hike off course, said former Fed officials and outside analysts watching the latest turn in Greece's crisis.

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  Greece, Creditors Harden Stance After Debt Talks Collapse

  Greece and its creditors hardened their stances on Monday after the collapse of talks aimed at preventing a default and possible euro exit, prompting Germany's EU commissioner to say the time had come to prepare for a 'state of emergency'.

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  Greece Ducks Friday Deadline by Bundling IMF Payments

  Greece bought time in debt crisis negotiations with official creditors Thursday when it moved to bundle four looming International Monetary Fund (IMF) loan payments into one, to be paid by the end of June.

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  Greece Scrapes Bottom of Barrel in Hunt for Cash to Stay Afloat

  Officials from Greece and the lenders are meeting in Brussels on Saturday for a new round of negotiations ahead of a key euro zone finance ministers' meeting in Riga on April 24.

• Weaker Euro Zone States May Bear More QE Risk: Report

  European Central Bank officials are considering ways to ensure weak countries that stand to gain most from a fresh round of money printing bear more of the risk and cost.

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  Credibility Meets Compromise in Europe's Bank Stress Test

  A series of Reuters interviews with officials, bankers and others involved in the European Central Bank's financial inspection of the euro zone's biggest banks shows that in the seven months since it began, the ECB has had to shoot down countless pleas from banks and national supervisors for special treatment.

• IMF, World Bank 2014 spring meetings in Washington

  The following are highlights of the International Monetary Fund and World Bank meetings in Washington, where finance ministers, central bankers and other top officials are gathering this week.

• Euro zone to share costs of bank closures gradually: proposal

  The proposal, prepared by Lithuania which holds the rotating presidency of the European Union, will be discussed at an extraordinary meeting of senior EU officials on Monday, December 16.

• As crisis fades, G20 tries to get its mojo back

  Gone are the heady days of 2008 and 2009 when leaders at G20 summits hashed out major deals on fiscal stimulus and trade policy to counter a global financial crisis that threatened worldwide depression. In 2010 and 2011, the group was a forum for prodding European officials to come up with a plan to keep the euro zone from breaking up.

• Greece has 3 days to deliver or face consequences: EU officials

  The lenders are unhappy with progress Greece has made towards reforming its public sector, a senior euro zone official involved in the negotiations said, while another said they might suspend an inspection visit they resumed on Monday.