Showing posts with label euro zone. Show all posts
Showing posts with label euro zone. Show all posts

May 18, 2015

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.

April 24, 2015

Greece may ask Europe to buy bonds to pay for redemptions - paper

ATHENS (Reuters) - Greece is considering asking the European Stability Mechanism (ESM) to buy Greek government bonds held by the European Central Bank (ECB) to pay for debt redemptions this summer, newspaper Kathimerini reported on Thursday.

April 04, 2015

Exclusive: Greece tells creditors it will run out of cash on April 9


(Reuters) - Greece has told its creditors it will run out of money on April 9, making an appeal for more loans before reforms on which new disbursements hinge are agreed and implemented, but the request was rejected, euro zone officials said.

February 26, 2015

Noonan Says Greece Should Seek Irish-Style Solution to Debt Woe

(Bloomberg) -- Irish Finance Minister Michael Noonan said Greece should seek to reduce interest rates on its debts and push for later repayment dates rather than the “nuclear” options of leaving the euro area and writing off loans.

November 11, 2014

Euro zone sentiment recovers slightly in November to -11.9

(Reuters) - Sentiment in the euro zone recovered slightly in November after three months of decline as investors took heart that a more dynamic global economy propped up by the United States and Japan could lift the currency bloc, a survey showed on Monday.

July 08, 2014

Euro zone Sentix index shows surprise rise in July

(Reuters) - Sentiment in the euro zone showed a surprise improvement in July with investor optimism boosted by the European Central Bank's growth measures and improved expectations for the global economy, according to the Sentix index survey.

May 30, 2014

Asian shares at one-year high, bonds fly high on ECB hopes

(Reuters) - Global shares flirted with an all-time peak on Thursday while the euro touched its weakest in more than two months on bets the European Central Bank would unveil new stimulus measures next week.

May 28, 2014

ECB goes on 300 million euro spending spree for bank watchdog

(Reuters) - The European Central Bank will spend 300 million euros ($410 million) this year and next in building an elite group to monitor top banks, with the lion's share spent on generous pay for many of its staff.

January 26, 2014

Euro zone to assure IMF it will keep funding Greece: EU official

(Reuters) - The euro zone will assure the International Monetary Fund in coming months that it will continue to bankroll Greece, enabling the IMF to disburse its share of international aid to Athens, a senior European Union official said on Friday.

October 27, 2013

Euro zone suffers from integration fatigue

BRUSSELS, Oct 25 (Reuters) - The euro zone is suffering from integration fatigue and banking union might be the last big push for the foreseeable future, officials in the currency bloc say.

October 04, 2013

Euro-Zone Business Activity, Retail Sales Rising

The euro zone's return to economic growth appears to be firming, with surveys of purchasing managers showing a sharp pickup in business activity and fresh numbers on retail sales indicating consumer spending is on the rise.

September 20, 2013

Euro-Zone Wages Lag Inflation

Workers in some of the euro zone's hardest-hit economies suffered steep falls in pay in real terms in the second quarter, as earnings growth across the 17-nation currency bloc sank to a near three-year low.

September 14, 2013

Euro zone cannot just hope for further recovery - Coene

BRUSSELS (Reuters) - The euro zone may have come out of recession, but economic growth remains low and further reforms are needed to ensure a recovery fully takes hold, European Central Bank Governing Council member Luc Coene told a newspaper on Saturday.

September 01, 2013

Euro-Zone Unemployment Falls Slightly

The number of people unemployed in the euro zone fell in July for the second month in a row, adding to tentative signs that a modest recovery under way in the currency bloc's economy is starting to erode its sky-high levels of joblessness.

August 31, 2013

Euro zone, IMF to press Greece for foreign agency to sell assets

BRUSSELS: Greece's international lenders will press Athens next month to transfer state-owned real estate to a holding company managed by the euro zone to spur flagging privatisation efforts, officials said on Thursday.

July 13, 2013

Germany, France split over EU banks plan

(Reuters) - Germany and France were split on Friday over European Union plans for a new agency to wind down troubled banks, with Berlin saying they go too far in centralizing control in Brussels.

June 16, 2013

Euro-Zone Employment Falls to Lowest Level in 7 Years

A sharp fall in the number of people in work in the euro zone in the first quarter left employment at its lowest level in more than seven years, official data showed Friday.

June 04, 2013

Italy April Unemployment Rate Rises to New Record

ROME--Italy's unemployment rate hit an all-time high of 12% in April, official data from Istat showed Friday.

April 15, 2013

Cyprus to ease citizenship requirements, attacks EU 'hypocrisy'

NICOSIA: Cyprus will relax requirements for citizenship, including for bank depositors who lost large amounts of money in the deal with the EU and IMF, in an effort to keep foreigners interested in investing in the island state, the president said on Sunday.

September 20, 2012

Greece becoming more competitive, must stay in euro: Juncker

(Reuters) - Greece's competitiveness has greatly improved and its wage costs have fallen significantly and the euro zone must strive to keep the country as a member, the chairman of the Eurogroup of finance ministers said on Tuesday.