June 29, 2015

IMF 'ready to provide assistance' in Greek crisis: Lagarde

Washington :- The International Monetary Fund is carefully monitoring the unfolding financial crisis in Greece and neighbouring countries, and is ready to provide assistance “as needed,” Managing Director Christine Lagarde said today.

June 27, 2015

Amid cries of blackmail, glimmers of Greek debt hope emerge

Greek Prime Minister Alexis Tsipras accused international creditors of "blackmail" on Friday after euro zone partners warned Athens it had 48 hours to accept a cash-for-reform deal or plunge toward default next week.

June 26, 2015

David Cameron accepts EU treaty change delay

David Cameron has accepted there may be no change to the EU's treaties to accommodate Britain's demands ahead of a referendum, the BBC understands.

June 24, 2015

June 22, 2015

Greece submits fresh plan on eve of EU emergency summit

Greek Prime Minister Alexis Tsipras presented new proposals to European leaders Sunday aimed at ending his country's debt crisis, on the eve of a summit that could determine whether Greece crashes out of the eurozone.

June 21, 2015

French growth picking up, soon to halt jobless rise - INSEE

PARIS, (Reuters) - France's economy will expand fast enough in the second half of the year to halt the rise in unemployment, albeit with joblessness topping 10 percent, the national statistics office INSEE said on Thursday.

June 20, 2015

Greek debt: Fears grow over Greek banks' health

Fears are growing over the health of Greek banks after indications that savers have withdrawn billions of euros in the past week.

June 18, 2015

Top European court throws weight behind ECB in fighting crises

LUXEMBOURG/FRANKFURT (Reuters) - The European Central Bank won crucial backing from Europe's top court on Tuesday for its pledge to do whatever it takes to save the euro, defeating a German group's challenge as bloc member Greece edges dangerously close to default.

June 17, 2015

Ruble Is Elephant In Room as Russia Invokes Inflation Threat

Russia’s central bank Governor Elvira Nabiullina cited the threat of inflation as she warned future interest-rate cuts would be smaller and fewer. Economists see a different reason: the ruble.

June 16, 2015

Greek banks see deposit outflow of $449 million on Monday: bankers

ATHENS (Reuters) - Greek banks saw deposit outflows of about 400 million euros ($449 million) on Monday as the pace of withdrawals picked up from last week after talks with the country's creditors over an aid-for reforms deal broke down on Sunday, bankers said.

June 14, 2015

S&P cuts UK outlook amid EU referendum warning

David Cameron’s decision to hold a referendum on EU membership has put Britain at greater risk of losing its triple-A credit score, according to Standard & Poor’s, the only big ratings agency to still give Britain the top ranking.

June 12, 2015

European Stocks Little Changed After Rebound From Six-Day Drop

European stocks were little changed, after posting their biggest jump in a month, amid ongoing negotiations over Greece’s financial aid.

June 10, 2015

Greece deal nears as PM warns of eurozone collapse

Brussels (AFP) - The EU's top official for the euro said Tuesday that Greece and its creditors could be just days from reaching a bailout deal as Prime Minister Alexis Tsipras warned that failure could sink the eurozone.

June 09, 2015

Britain leaving EU would affect credit rating, says Moody's

A vote to leave the EU could cut the UK’s credit rating, according to the ratings agency Moody’s, which has waded into the debate with a warning about rushing the referendum.

June 08, 2015

Germany's bickering Eurosceptics squander chance to cash in on Greek crisis

BERLIN (Reuters) - As Greece stumbles towards bankruptcy, a Eurosceptic party bent on breaking up the euro zone should be enjoying its golden hour; but instead the Alternative for Germany (AfD) is mired in such bitter personal feuding it teeters on the verge of collapse itself.

June 06, 2015

French Economy To Benefit From Weaker Euro, Favorable External Environment

The Bank of France sees strong economic growth this year as it gain strength from a favorable international environment and the weaker euro.

June 05, 2015

Greek debt crisis agreement in sight - Tsipras

Greek Prime Minister Alexis Tsipras says talks in Brussels on Greece's debt crisis were "constructive" and he believes "an agreement is in sight".

June 04, 2015

Britain can afford to live with high debt 'forever', says IMF

George Osborne's obsession with reducing Britain's debt mountain may do more harm than good, research by the International Monetary Fund (IMF) has suggested.

June 03, 2015

Greek uncertainty weighs on equities; inflation lifts euro

NEW YORK (Reuters) - U.S. stocks dipped on Tuesday while German bond yields rose as investors searched for clarity over whether a high-level meeting on Greece's debt crisis might yield a significant breakthrough.

June 02, 2015

Germany, France Urge Recalculation of EU Asylum-Seeker Quotas

Germany and France called for the recalculation of proposed quotas for dispersing political refugees across Europe, in a tussle over sharing the burden of coping with migrants from the Middle East and northern Africa.