Repot: Greece Risking ‘Harsh’ New Bailout in 2018

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.

Greece

Eurozone Considers Blocking Italy’s Effort to Bail Out Top Bank

BRUSSELS, Jan 12 (Reuters) – Euro zone finance ministers will discuss on Jan. 26 the “compatibility” of Italy’s bailout for bank Monte dei Paschi di Siena with European Union rules, an official in the bloc told Reuters on Thursday.

Headquarters of the Monte Dei Paschi di Siena bank, the world's oldest bank still operating today, in Siena, Tuscany

France’s Central Bank Blames Brexit For Poor Growth

PARIS (AFP) – France’s central bank Friday trimmed its growth forecasts for 2016 to 2018 citing a worsening of the global economy and Brexit, while Germany’s Bundesbank lifted its outlook.

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Eurozone Growth ‘Losing Momentum’

LONDON (AP) — A closely watched survey shows that the economy of the 19-country eurozone lost momentum in September as businesses fretted over the potential impact of a series of political uncertainties. Financial information company Markit said Wednesday that its

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France Ponders Ripping Up EU Budget Rules

Nobody yet knows the winner of France’s presidential election next year, but the smart money is on one loser: The three-percent cap on government deficits enshrined in eurozone rules.

French Prime Minister Manuel Valls speaks during a press conference at the Auckland museum on May 2, 2016 in Auckland, New Zealand.

Analysts Fear Looming Italian Bank Failure

As if the immigration crisis and ever more strained relationship with Brussels weren’t enough, now Italians have to face the specter of a major bank failure that analysts say could utterly cripple Italy’s financial structure.

The new 50 EURO banknote is presented at the European Central Bank, ECB in Frankfurt/Main, Germany, on July 5, 2016. / AFP / DANIEL ROLAND (Photo credit should read DANIEL ROLAND/AFP/Getty Images)

Juncker’s Remarks On France Damage Credibility Of Commission – Dijsselbloem

BERLIN (Reuters) – Eurogroup president Jeroen Dijsselbloem (pictured above) has criticised European Commission President Jean-Claude Juncker for saying that the European Commission has given France leeway on fiscal rules “because it is France”. “If the Commission President says that things

France

Are We British Or Are We EUropean? A Case For Brexit

A vote to Leave the European Union (EU) is about more than immigration or the economy, but independence.  The alternative — a vote to Remain — is not a vote for the status quo, but eventual integration into a European Superstate.

Leave

German Government Blocks Greek Bailout in Fear of Populist AfD Party

The German government is blocking a Greek bailout in fear of being democratically replaced by the populist, Eurosceptic Alternative for Germany (AfD) Party. In “AfD is the major hurdle in the Greek bailout”, Die Welt’s deputy economics editor, Jan Dams, has

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Crunch Eurozone Talks On Greece Debt Deal

Eurozone finance ministers hold an emergency meeting on Monday to try to thrash out a difficult deal on fresh reforms for Greece as fears grow of a repeat of last year’s chaotic bailout negotiations.

Greece was paralysed at the weekend by a strike to protest government plans to overhaul pensions and increase taxes as demanded by its international creditors

Eurozone Ministers Seek To End Greece Bailout Row

(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

Greece

DEFLATION: Eurozone Falls Back AGAIN, More Money Printing Expected

Eurozone inflation in February plunged sharply back into negative territory, data showed on Monday, in the clearest sign yet that several rounds of stimulus measures by the European Central Bank are not working. The ECB is under huge pressure to

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Mega-Rich, Non-Member Vatican Says Britain Should Not Leave EU

(Reuters) – The Vatican’s foreign minister, Archbishop Paul Gallagher, voiced hope that Britain would stay in the European Union, suggesting its exit would weaken Europe, Britain’s Telegraph reported, citing his interview with ITV that aired on Wednesday. “I think we

Pope Francis

Finnish Parliament Will Debate Leaving Eurozone Next Year

HELSINKI (Reuters) – Finland’s parliament will debate next year whether to quit the euro, a senior parliamentary official said on Monday, in a move unlikely to end membership of the single currency but which highlights Finns’ dissatisfaction with their country’s

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City Of London Provokes EU Jealousy

The vitality and success of the City of London is not because of Britain’s European Union (EU) membership, but in spite of it. As the EU referendum date draws closer, passionate arguments on both sides will soon be overtaken by

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Alexis Tsipras to Step Down As Greek PM, Call Snap Elections

Greek Prime Minister Alexis Tsipras of the socialist Syriza party will reportedly step down and call for snap elections on September 20, rocking his already crisis-riddled nation with fresh wave of political turmoil. A formal announcement of his resignation is expected Thursday afternoon, along with a televised address to the Greek people.

The Associated Press

Greece To Trouble Euro Zone For Decades

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

The Associated Press

Greek Stock Market Crashes 16% on First Day, Bank Stocks Hardest Hit

The Greek stock market was shut down five weeks ago, as the nation spiraled into an economic and political crisis, facing its final debt showdown with European creditors. The market just concluded its first day of trading since the shutdown, and the outlook is grim: the market lost 16.2 percent of its value on the first day back in business.

AP Photo/Yorgos Karahalis