Greek proposals no basis for further talks, senior German conservative

BERLIN (Reuters) - Greece's latest reform proposals are no basis for further negotiations on a third bailout program, a senior German conservative lawmaker told Reuters on Friday, adding that Greece would do better to aim for a new start with its own currency.

George Osborne introduces new 'living wage' but cuts working-age benefits

George Osborne has unveiled an unexpected boost for low-paid workers, introducing a compulsory national “living wage” in a budget that also contained an assault on many of the measures introduced by Labour to tackle poverty.

Central Banks Across the World Pressured to Fight Against Euro Depreciation

Greece’s debt turmoil has found a favorite conduit for spreading contagion: the $5.3 trillion-a-day foreign-exchange market.

Greece's vote edges it towards euro exit, but the odyssey is far from over

Greece’s membership of the euro hangs by a gossamer thread after the victory for the no side in the country’s referendum. The cash machines are running out of money and the economy is in freefall.

Greek debt relief was not on table during bailout negotiations, says EU official

Debt relief was not on the table during negotiations to extend Greece’s existing bailout programme and agree a package of reforms needed to unlock its remaining funds, according to a senior EU official.