ATHENS Greek leftist Alexis Tsipras stormed back into office with an unexpectedly decisive election victory on Sunday, claiming a clear mandate to steer Greece’s battered economy to recovery. The vote ensured Europe’s most outspoken leftist leader would remain... More »
ATHENS Greek Prime Minister-elect Alexis Tsipras has reaffirmed his dominance on the political landscape, but now faces the daunting task of building consensus in a fractious society traumatized by years of austerity, local media said on Monday. On the morning... More »
ATHENS The leftist Syriza party of Alexis Tsipras won 35.47 percent of the vote in Sunday’s Greek national election based on 99.44 percent of votes counted, the Interior Ministry said on its website. Conservative New Democracy won 28.09 percent, the ministry s... More »
BRUSSELS International creditors expect the first review of Greek reforms under the latest bailout to start in October, bringing changes to a memorandum of understanding signed with Athens and paving the way for debt rescheduling talks, euro zone officials sai... More »
CERNOBBIO, Italy A common euro zone budget should initially be funded through joint debt issuance and taxpayers’ money should only be used at a later stage, French Economy Minister Emmanuel Macron said on Saturday. France wants the euro zone to have its own jo... More »
BERLIN German Finance Minister Wolfgang Schaeuble said on Tuesday that Spain’s economic development showed that the euro zone was tackling its crisis well. “Spain is the best example that we’ve done a lot of things quite right in Europe,” Schaeuble said at a b... More »
LONDON, Euro zone manufacturing growth eased last month, despite factories barely raising prices, adding to the European Central Bank’s woes as it battles to spur expansion and inflation, a survey showed. Tuesday’s disappointing readings come almost half a yea... More »
BERLIN A Greek exit from the euro zone was a possibility and remains a threat if Athens does not fulfill the conditions of its third bailout agreement, the head of the European Stability Mechanism said on Thursday. “This threat as a possibility must always be ... More »
BERLIN French Economy Ministry Emmanuel Macron said on Tuesday developments in China pose a risk that should not be underestimated. He was speaking at an event with German Foreign Minister Frank-Walter Steinmeier in the German capital. (Reporting by Andreas Ri... More »
Here is a list of euro zone parliaments that must approve the new 86 billion euro ($96 billion) Greek bailout this week. Here is a list: TUESDAY, AUG. 18 AUSTRIA – Parliament subcommittee to meet on the bailout. ESTONIA – Parliament holds extraordinary session... More »
HELSINKI 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 front of u... More »
BRUSSELS/ATHENS Euro zone finance ministers have agreed to lend Greece up to 86 billion euros ($96 billion) after Greek lawmakers accepted their stiff conditions despite a revolt by supporters of leftist Prime Minister Alexis Tsipras. Assuming approval by the ... More »
ATHENS Greece and its international lenders reached a multi-billion euro bailout deal on Tuesday to keep the nation in the euro zone and prevent financial meltdown, officials said. Here are some of the details of what Greece is required to do for up to 85 bill... More »
ATHENS Greece hopes to conclude negotiations with international creditors by early Tuesday at the latest, a Greek official said as talks continued in Athens on a new multi-billion euro bailout. Greece’s finance and economy ministers were locked in negotiations... More »
EPIDAURUS, Greece On a stiflingly hot summer night, the ancient Greek amphitheatre of Epidaurus is packed to capacity for a performance of a 2,400-year-old play by Aristophanes — testimony to Greeks’ enduring love of theater despite years of grinding economic ... More »
ATHENS Prime Minister Alexis Tsipras said on Wednesday that Greece was close to concluding a deal with lenders on a multi-billion-euro bailout, which he said would end doubts over its place in the euro zone. The comments were the latest in a series of unusuall... More »
ATHENS Greek Prime Minister Alexis Tsipras said on Wednesday Greece is close to concluding a deal with lenders on a multi billion euro bailout, which he said would end doubts over the country’s presence in the euro zone. “We are in the final stretch of conclud... More »
ATHENS Greece’s stock market closed with heavy losses on Monday after a five-week shutdown brought on by fears that the country was about to be dumped from the euro zone. Bank shares plummeted 30 percent before loss limits kicked in to stop investors selling a... More »
ATHENS 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 index .ATG plunged in its worst ever one-day performance... More »
ATHENS Greek blue-chip stock index futures opened sharply down on Monday ahead of the stock market’s open, with the nearest contract ATFQ5 expiring on August 21 down 18 percent at 202 points, after falling 15.2 percent on the first trade. The stock market will... More »
ATHENS Greek Prime Minister Alexis Tsipras, struggling to contain a revolt in his left-wing Syriza party, said on Wednesday that his government would not implement reform measures beyond those agreed with lenders at a euro zone summit this month. Tsipras faces... More »
ATHENS Greek Prime Minister Alexis Tsipras said on Wednesday that his government would not implement reform measures beyond what was agreed with lenders at a euro zone summit earlier this month. “I know well the framework of the deal we signed at the euro zone... More »
BERLIN A Greek exit from the euro zone would cause “utter chaos” but would have to be accepted if Athens was not willing to implement reforms, Chancellor Angela Merkel’s Bavarian ally Horst Seehofer told German newspaper Die Welt on Wednesday. “No one can pred... More »
PARIS European Economic and Monetary Affairs Commissioner Pierre Moscovici said on Wednesday that talks on a third bailout plan for Greece were taking place in “good conditions” and that the risk of an exit of Greece from the euro zone was gone. “Grexit is beh... More »
BERLIN The German government’s panel of independent economic advisers favors creating an insolvency mechanism for euro zone states and says countries should be able to leave the single currency as a last resort. The Greek crisis has called into question the fu... More »
PARIS The prospect of Greece being forced to leave the euro zone has lifted, ECB governing council member Christian Noyer said in an interview with Le Monde newspaper published on Friday. Noyer, who is also governor of the Bank of France, said that Greece repr... More »
ATHENS The Greek government submitted legislation to parliament on Tuesday required by its international lenders to start talks on a multi-billion euro rescue package. Prime Minister Alexis Tsipras has until Wednesday night to get those measures adopted in the... More »
BRATISLAVA Slovakia will be among the first to ask Greece to leave the euro zone if it fails to adhere to agreed conditions of further, Slovak Prime Minister Robert Fico said on Tuesday. Fico told reporters that Slovakia was fundamentally against allowing any ... More »
ATHENS Once again Alexis Tsipras was struggling to make a decision. For hours on July 13, the Greek prime minister and Europe’s leaders had been trying to thrash out a new deal to bail out bankrupt Greece and keep the country in the euro zone. Now a clean copy... More »
PARIS French President Francois Hollande called on Sunday for the creation of a euro zone government and for citizens to renew their faith in the European project, which has been weakened by the Greek crisis. Reviving an idea originally put forward by former E... More »
BERLIN German Economy Minister Sigmar Gabriel criticized Finance Minister Wolfgang Schaeuble in a television interview to be broadcast later on Sunday for suggesting that Greece could quit the euro zone temporarily. Schaeuble has said that Greece could take a ... More »
BRUSSELS The latest paroxysm of Greece’s debt crisis has exposed growing rifts in the euro zone which, unless addressed soon, could lead to the break-up of European monetary union, the EU’s most ambitious project. The most worrying sign for European leaders is... More »
BERLIN More than half of Germans think the planned deal with Greece is bad and many would have preferred that the crisis-stricken country left the euro zone rather than getting the chance for further aid, according to an opinion poll. Lawmakers in Germany, the... More »
BERLIN German lawmakers gave their go-ahead on Friday for the euro zone to negotiate a third bailout for Greece, but a warning from Chancellor Angela Merkel that the alternative was chaos failed to prevent a hefty rebellion in her own party. The Bundestag, the... More »
BERLIN German lawmakers gave their go ahead on Friday for the euro zone to negotiate a third bailout for Greece, heeding a warning from Chancellor Angela Merkel that the alternative to a deal with Athens was chaos. The Bundestag lower house of parliament, whos... More »
BRUSSELS The head of the Eurogroup Jeroen Dijsselbloem said on Friday he was “certain” there would be problems with Greece in the years to come after the euro zone’s bailout fund decided to open talks with Greece on a third bailout program. “It’s not going to ... More »
BRUSSELS Euro zone leaders clinched a deal with Greece on Monday to negotiate a third bailout to keep the near-bankrupt country in the euro zone after a whole night of haggling at an emergency summit. “Euro summit has unanimously reached agreement. All ready t... More »
BRUSSELS Greece has secured debt restructuring and medium-term financing in a growth package worth 35 billion euros in a deal with its creditors that will allow the country to stay in the euro, Prime Minister Alexis Tsipras said in Brussels on Monday. He said ... More »
ATHENS The Greek opposition party To Potami will not enter a national unity government with the ruling Syriza party, but will support a solution for the nation’s interests, a party official said on Monday. Euro zone leaders argued late into the night with near... More »
PARIS There is a “shared desire” among euro zone heads of state to keep Greece in the single currency, EU Economic Affairs Commissioner Pierre Moscovici said on Monday. He spoke after euro zone leaders argued late into the night with near-bankrupt Greece at an... More »
BRUSSELS Euro zone leaders at a summit in Brussels were reviewing a draft proposal from their finance ministers that sets out conditions for Greece to open negotiations on a bailout. The following is a summary of the paper, seen by Reuters. * Greece to pass by... More »
BRUSSELS Euro zone leaders told near-bankrupt Greece at an emergency summit on Sunday it must enact key reforms this week to restore trust before they will open talks on a financial rescue to keep it in the European currency area. Leftist Prime Minister Alexis... More »
BRUSSELS Euro zone leaders at a summit in Brussels were reviewing a draft proposal from their finance ministers on Sunday that sets out conditions for Greece to open negotiations on a bailout. Following is the draft of the paper, seen by Reuters. Square bracke... More »
ATHENS With banks shut and the economy seizing up, some Greek newspapers like the Empros daily on the island of Lesvos are running out of paper and could be forced to stop sales altogether until the banks open again. The island’s biggest selling newssheet, Emp... More »
BRUSSELS/ATHENS Greece faces a last chance to stay in the euro zone on Tuesday when Prime Minister Alexis Tsipras puts proposals to an emergency euro zone summit after Greek voters resoundingly rejected the austerity terms of a defunct bailout. With Greek bank... More »
ATHENS Euclid Tsakalotos, the mild-tempered professor who was appointed as Greece’s new finance minister on Monday, is a clear change in style from his combative predecessor Yanis Varoufakis. The 55-year-old Tsakalotos studied at prestigious private London sch... More »
AMSTERDAM The Netherlands’ prime minister, Mark Rutte, said on Monday that Greece will have to accept deep reforms if it wants to remain in the euro zone. In a debate in parliament in the wake of Greece’s “No” vote on the terms of a bailout package from its cr... More »
FRANKFURT The euro may be facing an existential crisis but the giant 14-metre sculpture of the euro symbol that towers over downtown Frankfurt, home of the European Central Bank, was still getting its biggest makeover in 13 years on Monday. Considered an eyeso... More »
THE HAGUE Greece’s ‘No’ vote has made discussions with its creditors more difficult, but the aim remains to keep the country in the euro zone, the head of the bloc’s finance ministers said on Monday. “It doesn’t bring us closer to a solution right away. In fac... More »
ATHENS The head of the European Commission made a last-minute offer to try to persuade Greek Prime Minister Alexis Tsipras to accept a bailout deal he has rejected before a referendum on Sunday which EU partners say will be a choice of whether to stay in the e... More »
ATHENS Tens of thousands of Greeks rallied on Monday to back their leftwing government’s rejection of a tough international bailout after a clash with foreign lenders pushed Greece close to financial chaos and forced a shutdown of its banking system. With a po... More »
WASHINGTON The fuse may be lit for a Greek exit from the euro zone but the fallout in the United States is expected to be modest and not enough to throw the Federal Reserve’s likely September rate hike off course, said former Fed officials and outside analysts... More »
LISBON The euro zone needs to strengthen cooperation to avoid contagion in financial markets as no country is immune to the consequences of a potential Greek exit from the single currency, Portuguese Prime Minister Pedro Passos Coelho said on Monday. “Nobody c... More »
NEW YORK European shares fell broadly Monday as Greece edged closer to defaulting on its debt, yet some U.S. equity fund managers said that they were waiting for further declines before they considered it a buying opportunity. “We’re not in oversold territory ... More »
