German econmin says Greece can only get more aid if it reforms

BERLIN: German Economy Minister Sigmar Gabriel warned the Greek government that Greece could only get further funds if it carried out reforms in a German newspaper interview published on Sunday.

UK banks told to rewrite employment contracts of staff on top-up payments

The UK’s banks have been told by the Bank of England that they need to rewrite the employment contracts of hundreds of staff receiving top-up payments alongside their salaries because of the European Union’s bonus cap.

BRICS Is Sure to Expand, Russia Says. Any Ideas for a New Name?

Admitting South Africa was the easy part. BRICS, the emerging markets club that owes its existence to a Goldman Sachs Group Inc. economist who coined the acronym for Brazil, Russia, India and China, is looking at more expansion. Any ideas on renaming it are welcome.

Euro, Clawing Its Way Back, Hits 3-Month High

PARIS — As recently as March, the dollar was looking so strong against the euro that the only question seemed to be how soon the eurozone currency would sink to parity.

Eurozone returns to healthy growth after QE bounce – but what next?

There’s a return to healthy growth in the eurozone. Surprised? It’s called the QE bounce. First the head of the central bank says he will inject £1.1tn into the 19-member economic bloc under a programme of quantitative easing (QE).