close
This ad will auto close in 10 seconds

EU`s Juncker says not enough progress on Greece bailout

EU Commission chief Jean-Claude Juncker complained Friday about a lack of progress in talks on Greece`s bailout, but insisted there was no chance of a failure that could drive the country out of the eurozone.

Spain`s economy to grow by 2.4% in 2015: PM

Prime Minister Mariano Rajoy predicted Tuesday that Spain`s economy, the eurozone`s fourth largest, could grow by 2.4 percent in 2015, raising the previous 2.0 percent forecast.

Greece creditors cautiously welcome reform plans

Greece edged closer to eurozone survival Tuesday as its international creditors and hold-out Germany looked ready to approve the reforms they had demanded of Athens in return for extending its bailout programme.

Greece pledges to respect privatisations, avoid budget dera

Greece has promised not to roll back any ongoing or completed privatisations and ensure that any state spending to address a "humanitarian crisis" does not hurt its budget, according to a document containing its reform plans seen by Reuters on Tuesday.

Oil prices extend slide

Oil prices slid Monday, extending last week`s sharp decline as the dollar strengthens on eurozone strains and record supplies in the United States add further downward pressure.

Greece races to finalise reforms after tough bailout deal

Greece was under pressure Saturday to finalise reform proposals that would keep its loan lifeline open after an EU compromise deal clipped its anti-austerity ambitions.

Greek banks would have collapsed in days without deal - Irish finance minister

Greece`s banking system would have collapsed within days had Athens not compromised significantly and struck a funding agreement with euro zone ministers, Irish Finance Minister Michael Noonan said on Saturday.

Asia stocks climb after Wall St record, eyes on Greek talks

Asian markets advanced Monday following a record close on Wall Street, while Greece`s leadership said it was confident it could hammer out a new debt deal with European creditors.

Euro hits 11-year low on Greece fears, equities muted

The euro sank to an 11-year low Monday and Asian equities were muted after an anti-austerity party won Greece`s election, throwing its international bailout into doubt and raising fears it could leave the eurozone.

Euro crisis firms German power, 25 years after Berlin Wall

Fast forward to Athens in 2012, at the height of the eurozone crisis, and that domination appeared to have come to pass.

EU's Juncker faces make-or-break week

With the eurozone on the verge of a new crisis, the risk of spillover from turmoil in the Middle East, and relations with Russia still tense over Ukraine, Europe is under pressure from all sides to act.

Angela Merkel: Pastor`s daughter to world`s most powerful woman

German Chancellor Angela Merkel, a pastor`s daughter who grew up under communism, rose to become the world`s most powerful woman, governing Europe`s biggest economy and setting the political tone on the continent.

Spain confirms exit from recession

Spain Thursday said it has technically escaped a two-year recession by posting feeble growth in the third quarter, but with an unemployment rate still towering at 26 percent.

ECB suspends early repayments of emergency funds

The European Central Bank said on Friday it is suspending early repayments by banks of the emergency funds they borrowed at the height of the eurozone crisis.

Eurozone industrial output turns lower: Eurostat

Weaker-than-expected September eurozone industrial output, a key measure of manufacturing activity, points to a slowdown in what is already a weak recovery, official data and analysts said Wednesday.

Eurozone inflation falls to 3.5-year low in September

Euro zone inflation fell faster than expected in September to its lowest since February 2010, signalling that the European Central Bank can maintain its loose monetary policy to help the bloc's recovery.

Nokia's decline hits Finnish economy

A leading Finnish research institute lowered the nation's economic growth forecast, and attributed it to the decline of Nokia, which sold its mobile businesses to Microsoft earlier this month.

Eurozone economic sentiment hits 15-month high in July

Economic morale in the eurozone reached a 15-month high in July as sentiment improved in the currency bloc's four largest economies, underpinning Europe's chances of a gradual exit from nearly three years of economic downturn.

Eurozone finance ministers agree ESM direct bank funding

The 500-billion-euro ESM was set up initially to bail out struggling member states.

Obama warns against `losing` jobless generation

Obama told a joint news conference with Merkel -- who with other European leaders is racing to tackle high youth unemployment in some EU countries -- that the goal of making the "lives of people better" must be kept in sight.