Eurozone - Page 3

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.

German Vice-Chancellor Sigmar Gabriel has said “It is no longer unthinkable” for the EU to break apart in light of the Brexit referendum, migrant crisis, and ongoing troubles in the Eurozone.

Contents: Greece financial crisis threatened after Tsipras announces new spending program; IMF says that Greece’s budget must be ‘more growth-friendly’

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.

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

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.

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.

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

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.

The Prime Minister David Cameron has ruled out a second referendum on European Union (EU) membership if this June’s result is a narrow win for those wishing to remain. “This is a referendum, not a neverendum” he tweeted.

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

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.

European ministers have explicitly laid out their intentions to create a federal Unites States of Europe, directly contradicting the British Prime Minister, David Cameron’s claims that Britain will not be sucked into a European superstate should the people of Britain

Contents: North Korea liquidates all commercial projects with South Korea; In desperation move, European Central Bank further lowers negative interest rates; ECB tries to target the velocity of money

(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

Another recession in Europe could lead to the collapse of the Eurozone, a Swiss investment bank has warned. Credit Suisse said a new downturn would unleash political turmoil that could rip the single currency to pieces unless Europe’s policymakers find

The Eurozone is doomed to fail and should be put out of its misery as soon as possible, the former governor of the Bank of England has said. Lord (Mervyn) King of Lothbury says that further steps towards fiscal union

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

(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

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

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

The newly elected conservative government of Portugal is at risk of being toppled just 11 days after taking office. The President has warned that, were that to happen, Portugal will be “uncontrollable”. Portugal shows striking signs of following Greece down the

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.

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

Contents: Wave of violent terrorist attacks strike across Turkey; Vladimir Putin increasingly trapped as Russia’s GDP plunges 4.6%; Europe’s bond yields go negative

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.

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

No scene of political turmoil is complete until somebody gets investigated by prosecutors. Such is the fate of former Greek finance minister Yanis Varoufakis, who has become a darling of the anti-austerity, hardcore left ever since he departed his office on the eve of the 11th-hour bailout deal.

While Eurozone leaders scramble to find a new bailout deal for Greece to put off the country’s inevitable exit from the euro for another few months, they may find two new crises about to hit them. Spain and Portugal, two

Nigel Farage has slammed socialist French President Francois Hollande’s “desperate” bid for the revival of old plans for a ‘eurozone government’ as part of a plan to renew faith in the European project. Calling for further integration between member states as a

Despite endless promises to the contrary, British money will be used to help rescue Greece in a bid to keep the Euro currency alive. Almost £850 million of British taxpayers’ money is to be handed over after Brussels decided that a

There was speculation Wednesday that the International Monetary Fund’s disapproval of the European Union bailout package for Greece would stiffen resistance in the Greek Parliament against it, but in the end, they voted in agreement with what Reuters describes as “sweeping austerity measures demanded by lenders to open talks on a new multibillion-euro bailout package to keep Greece in the euro.”

In the early hours of this morning Greece’s parliament passed the austerity measures demanded by its creditors in order to open talks on a new Greek bailout. Prime Minister Alexis Tsipras, deserted by many in his own Syriza party who believe the

There has been trouble brewing between the International Monetary Fund and the European Union about the vast debts Greece owes to both of them, but rhetorical shots were finally fired on Wednesday, as the IMF offered stiff criticism of the EU’s bailout deal with Greece.

Stocks rallied on Monday amid news that the Greek financial crisis was under control, and a bailout deal had been agreed upon, but that might have been a hasty celebration.

Contents: France-Germany split over 3-day ultimatum to Greece leads to flared tempers; Eurogroup imposes harsh demands on Greece to remain in eurozone; China police crack down ahead of another volatile week in stocks