Euro Zone Summit

Unlike Trump, who advocated for bringing Russia back into the group, O'Neill said the G-7 would be much more relevant if China, India and a single delegation from the euro zone replaced Canada, France, Germany and Italy.

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.

Greece faces a last chance to stay in the euro zone today when Prime Minister Alexis Tsipras puts proposals to an emergency euro zone summit after Greek voters resoundingly rejected the austerity terms of a defunct bailout.

Raising the pressure on Greek Prime Minister Alexis Tsipras before a euro zone summit on Tuesday, the European Central Bank decided to keep a tight grip on funding to Greek banks.

Raising the pressure on Greek Prime Minister Alexis Tsipras before a euro zone summit on Tuesday, the European Central Bank decided to keep a tight grip on funding to Greek banks.

The euro was nearly flat on the day against the yen at 135.47, moving away from a six-week low of 133.700 yen plumbed on Monday.

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.

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.

They were bleary-eyed in their crumpled suits early on Friday morning, but euro zone negotiators were smiling after a hard-fought night of talks that struck a surprisingly far-reaching deal to prop up the euro. An agreement to let the euro zone's rescue funds directly recapitalise banks - something Spain has long held out for - went substantially b...

Italy and Spain, battling searing market pressure in the euro zone's widening debt crisis, blocked agreement on measures to promote growth at a European Union summit on Thursday.

Addressing parliament in Berlin, Merkel accused top EU officials of putting the cart before the horse by proposing common euro zone debt before EU controls are in place on national budgets and economic policies.

German Chancellor Angela Merkel sought to bury once and for all the idea of common euro zone bonds.

Unlike Trump, who advocated for bringing Russia back into the group, O'Neill said the G-7 would be much more relevant if China, India and a single delegation from the euro zone replaced Canada, France, Germany and Italy.

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.

Greece faces a last chance to stay in the euro zone today when Prime Minister Alexis Tsipras puts proposals to an emergency euro zone summit after Greek voters resoundingly rejected the austerity terms of a defunct bailout.

Raising the pressure on Greek Prime Minister Alexis Tsipras before a euro zone summit on Tuesday, the European Central Bank decided to keep a tight grip on funding to Greek banks.

Raising the pressure on Greek Prime Minister Alexis Tsipras before a euro zone summit on Tuesday, the European Central Bank decided to keep a tight grip on funding to Greek banks.

The euro was nearly flat on the day against the yen at 135.47, moving away from a six-week low of 133.700 yen plumbed on Monday.

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.

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.

They were bleary-eyed in their crumpled suits early on Friday morning, but euro zone negotiators were smiling after a hard-fought night of talks that struck a surprisingly far-reaching deal to prop up the euro. An agreement to let the euro zone's rescue funds directly recapitalise banks - something Spain has long held out for - went substantially b...

Italy and Spain, battling searing market pressure in the euro zone's widening debt crisis, blocked agreement on measures to promote growth at a European Union summit on Thursday.

Addressing parliament in Berlin, Merkel accused top EU officials of putting the cart before the horse by proposing common euro zone debt before EU controls are in place on national budgets and economic policies.

German Chancellor Angela Merkel sought to bury once and for all the idea of common euro zone bonds.