eurozone crisis

The Euro — the centralised currency of the European Union — is to turn 20 years old on January 1st, 2022.

BRUSSELS (AFP) – Under pressure from the IMF, eurozone finance ministers will consider major debt relief and fresh aid for Greece on Monday despite the deep reservations of bailout-weary Germany. Ministers from the 19-member single currency bloc must confront the

WASHINGTON (AFP) – A top economic advisor to US President Donald Trump bashed Germany for exploiting an undervalued euro to take advantage of its trading partners, the Financial Times reported Tuesday.

ATHENS, Greece (AP) — An independent Greek parliamentary report has warned that Greece faces an increased risk of a fourth bailout – or even a default – if delays in negotiations with bailout lenders are not overcome in the next few weeks.

Most Greeks now say they regret joining the euro currency, while a majority also believe the European Union is on the verge of collapse.

BRUSSELS (AFP) – Eurozone finance ministers meet Monday as far apart as ever on the debt relief measures demanded by the International Monetary Fund for it to back their bailout programme for Greece.

Italians will vote on a referendum for reforming the senate on Sunday, but the implications for a loss could collapse the Italian government and threaten the Eurozone.

Left wing demonstrators have rioted, and attempted to attack and firebomb the U.S. embassy in Greece, protesting the visit of outgoing American President Barak Obama.

A respected economist has said that it is in Austria’s best interest to leave the European Union after Brexit due to the growing influence of poorer nations as a result of the loss of UK membership. Economics professor Hans-Werner Sinn is

(AFP) – Badly conceived and economically wrong, the euro is at the heart of most of the eurozone’s problems such as stagnation, unemployment and the rise of the far-right, Nobel-prize-winning economist Joseph Stiglitz told AFP Wednesday. The outspoken economist said

BRATISLAVA (AFP) – Budget-squeezed EU countries will ask Brussels for their share of the billions in Irish back taxes demanded from tech giant Apple, officials said on Saturday.

(AFP) – Greek lawmakers adopted a controversial package of pension cuts and tax hikes as eurozone finance ministers geared up for an emergency meeting Monday to hammer out fresh reforms for Athens to stave off another eurozone crisis. The ministers

(AFP) – Eurozone finance ministers met Monday to defuse a bitter rift between top EU and IMF officials over how strictly to hold Greece to the ambitious reform commitments made as part of its bailout. The eurozone 19 ministers are

ATHENS (Reuters) – International lenders could return to Greece within the first 10 days of March to complete a bailout review, Prime Minister Alexis Tsipras said on Tuesday, a move desperately needed by Athens to move on to debt relief

Greek lawmakers approved a “tough” 2016 budget early Sunday, forecasting near zero growth for 2015 and a small contraction next year for the debt-ridden country in its sixth year of austerity. The coalition government, which enjoys a narrow majority, managed

Greek unions are holding their second general strike in less than a month Thursday, this time against a planned social security overhaul that could enforce new pension cuts. The labour ministry is working on a new system under which state-guaranteed

From The Fiscal Times: Should we keep 10,000 Syrian refugees from coming into the United States? It’s all anyone can seem to talk about in the wake of the Paris terror attacks. Which is odd. I figured the political discussion

The euro zone will release the next tranche of loans for Greece as well as money for bank recapitalisation only after Athens implements agreed reforms, euro zone finance ministers said, noting a Greek pledge the conditions would be met this

Portugal is in the midst of a constitutional crisis after President Anibal Cavaco Silva refused to allow a coalition of left-wing anti-austerity parties to take power even though they have a majority in parliament. The centre-right party of Prime Minister

HELSINKI (Reuters) – Greece will be a headache for the euro zone for decades, Finland’s eurosceptic foreign minister said, and called for the International Monetary Fund to participate in the Greece’s new bailout package. “Unfortunately, this problem will be in

Between 2010 and 2015 Germany profited from the ongoing Greek debt crisis to the sum of €100 billion, according to a new study. The billions consists of money saved by lower interest payments on funds the German government borrowed amid investor “flights

BRUSSELS, Belgium (Reuters) – Talks with Greece on a third bailout are moving ahead in a satisfactory way and reaching an agreement is possible before August 20, the European Commission said on Thursday. The Commission comments were in response to

ATHENS, Aug 3 (Reuters) – Greece’s stock market plunged nearly 23 percent on Monday when it opened after a five-week shutdown brought on by fears the country was about to be dumped from the euro zone. The main Athens stock

From Der Spiegel: After the Greek bailout disaster, Paris, Berlin and Brussels want to reform the euro zone by creating an economic government and a special tax for the currency area. German Finance Minister Schäuble is in favor, but Chancellor

Greece may seek 24 billion euros in a first tranche of bailout aid from international lenders in August to prop up its banks and repay debts falling due at the ECB, a pro-government Greek newspaper said in its early Sunday

LAMIA, Greece (Reuters) – Wild boar and power cuts were Greek cotton farmer Mimis Tsakanikas’ biggest worries until a bank shutdown last month left him stranded without cash to pay suppliers, and his customers without money to pay him. Squeezed on

BRUSSELS/FRANKFURT, July 27 (Reuters) – The International Monetary Fund warned on Monday that the euro zone’s prospects were modest and that more money printing than planned may be needed. Contrasting the IMF’s relative gloom, however, German think tank Ifo reported improving

Euro zone leaders told near-bankrupt Greece at an emergency summit on Sunday that it must restore trust by enacting key reforms before they will open talks on a new financial rescue to keep it in the European currency area. Leftist

UK Prime Minister David Cameron has been urged to use the Greek financial crisis to ditch his ‘useless and meaningless’ negotiation strategy in Europe. Former Chancellor Nigel Lawson called on the Mr Cameron to ‘seize the opportunity’ for the dismantling of the eurozone,

The Eurogroup session has resumed in Brussels at the same time a crucial meeting of heads of state and government of the 19-nation currency area to decide on Greece’s fate in the euro zone later today was cancelled. After the nine-hour session

The eurozone’s former communist nations, including Estonia, Latvia, Lithuania and Slovakia, have themselves endured painful reforms and austerity programmes within living memory. Perhaps as a result, they are now among those taking the hardest line on Greece following that country’s

The Economist Intelligence Unit has pinned its colours to the mast: The EIU forecast victory for the “No” camp as soon as the referendum was called. We are sticking to that call. — The EIU Europe (@TheEIU_Europe) July 5, 2015

UPDATE: European Central Bank confirms it will maintain emergency liquidity assistance to Greek banks. – The most dramatic day yet in Greece’s months long economic crisis saw a run on banks and the confirmation of next Sunday’s referendum on a bailout deal.

Eurozone countries are drawing up secret documents to force Greece out of the single currency, a memo from the Finnish finance ministry has revealed. The monetary alliance is preparing to act should Greece be declared bankrupt next month. That will happen

Former French President Valery Giscard d’Estaing has said that Greece should leave the euro so it can devalue its currency and increase its economic competitiveness. Giscard, who notably presided over the Convention on the Future of the European Union that

Greece is on a collision course with senior  officials of the Eurozone after refusing to be bullied during debt financing talks. The newly-elected leftwing Syriza government reacted with fury to demands that the country stick to the austerity plan which were