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  • The European Stability Mechanism board said it "will provide up to 86 billion euros in financial assistance to Greece over three years." Greece is due to make a new debt payment to the European Central Bank on Thursday. Despite International Monetary Fund calls for debt relief for Greece, many nations remain opposed and no such move will be examined by those...

  • BERLIN, Aug 18- A total of 60 lawmakers in German Chancellor Angela Merkel's 311- member conservative bloc voted against or abstained in a test ballot on Tuesday over a third bailout plan for Greece before the vote in parliament, participants told Reuters. In what was nevertheless an important endorsement for Merkel, the test ballot showed there may be far fewer...

  • The increase, from a previous estimate of 450,000, is the latest sign of how a huge influx of migrants and refugees, many fleeing war and poverty in Africa and the Middle East, is straining the European Union's ability to cope. "The situation is extremely unsatisfying," Chancellor Angela Merkel told ZDF television on Sunday, referring to the disproportionate...

  • But bond investors were relieved that consumer prices in Britain ticked up 0.1 percent in July year-on-year after slipping back to zero in June. The concerns over the weakening inflation outlook have ratcheted up expectations of further central bank stimulus in the euro zone, while they could also scupper plans for Britain and the United States to raise...

  • BERLIN, Aug 18- Germany expects up to 750,000 people to seek asylum this year, a business daily cited government sources as saying, up from a previous estimate of 450,000, as some cities say they already cannot cope and hostility towards migrants surges in some areas. Germany is the biggest recipient of asylum seekers in the European Union, which has been...

  • BERLIN— German Chancellor Angela Merkel is meeting with top members of her party to shore up support for another bailout package for Greece ahead of a vote in Parliament on Wednesday. The dpa news agency reported Tuesday that Merkel's hawkish Finance Minister Wolfgang Schaeuble, a senior member of her Christian Democratic Party, will present her...

  • German yields erase fall after UK inflation surprise Tuesday, 18 Aug 2015 | 8:07 AM ET

    LONDON, Aug 18- German bond yields climbed back up after an initial dip on Tuesday as a surprise uptick in British consumer prices eased concerns over further drops in inflation triggered by falling commodity markets worldwide. Bond investors were relieved, however, that consumer prices in Britain ticked up 0.1 percent in July year-on-year after slipping...

  • BERLIN, Aug 18- Germany is expecting 750,000 people to seek asylum this year, a business daily cited government sources as saying, up from a previous estimate of 450,000, as some cities say they already cannot cope and hostility towards migrants surges in some areas. Germany is the biggest recipient of asylum seekers in the European Union, which has been...

  • BERLIN, Aug 18- German lawmakers broke off their holidays on Tuesday to debate Greece's third bailout plan before approving it, though Chancellor Angela Merkel faces a rebellion in a vote shaping up as her last chance to keep Athens in the euro zone. Merkel and Finance Minister Wolfgang Schaeuble will make the case for backing the bailout plan in party meetings...

  • *Wirecard, Jyske Bank, L&S get results lift. LONDON, Aug 18- European equities opened slightly lower on Tuesday, with a buoyant set of corporate results offset by weak trade in Asia and a fall in commodities prices amid worries over China's growth outlook. Traders said volumes were relatively muted in Europe, with surprisingly weak U.S. data released on Monday also...

  • BERLIN, Aug 17- German Finance Minister Wolfgang Schaeuble said on Monday he had no qualms about urging fellow lawmakers to approve a new bailout for Greece in a parliamentary vote on Wednesday, citing a dramatic change in the Greek government's readiness to reform. Schaeuble argued last month that Greece should consider a "timeout" from the euro zone, drawing...

  • BERLIN— German Chancellor Angela Merkel's government is trying to shore up domestic support for another bailout for Greece— despite skepticism among voters and her conservative party— ahead of a key vote in Parliament this week. To counter that, Merkel's government has been talking tough on the new rescue package, insisting Greece will be supervised closely...

  • BERLIN, Aug 17- Leaders of Chancellor Angela Merkel's German conservatives largely support Greece's new bailout plan before a parliamentary vote this week, but top party officials want the IMF to take part, sources involved in party talks on Monday said. A German Finance Ministry official also described involvement by the International Monetary Fund as "...

  • FRANKFURT, Aug 17- German growth will remain strong in the second half of the year on rising consumption and growing exports but the global outlook is clouded by the increasing risk of a big economic slowdown in China, the Bundesbank said on Monday. The upbeat outlook comes after Germany, Europe's biggest economy, reported solid but unspectacular growth figures...

  • *She rejects suggestions Berlin wants "German Europe". BERLIN, Aug 16- German Chancellor Angela Merkel tried to reassure skeptical lawmakers on Sunday that the International Monetary Fund would take part in a new bailout for Greece, before a parliamentary vote in which many of her conservatives may break ranks and reject the rescue. Lawmakers from her Christian...

  • BERLIN— German Chancellor Angela Merkel says there's no certainty the latest bailout for Greece will succeed but she is hopeful the country can overcome its economic crisis if it adheres to the agreements forged with its creditors. Merkel also told German broadcaster ZDF on Sunday that Greece can't expect its debt to be cut. The International Monetary Fund...

  • BERLIN, Aug 16- German Chancellor Angela Merkel said on Sunday that she expected the IMF to participate in a new rescue package for Greece, saying the Washington- based institution's chief Christine Lagarde had promised to lobby for this with the IMF board. "The IMF took part in the negotiations. Merkel ruled out a so-called "haircut" on Greece's debt but said there...

  • BERLIN, Aug 15- In a major test of her authority, Chancellor Angela Merkel will ask skeptical German lawmakers to back an 86 billion euro bailout for Greece on Wednesday despite uncertainty over whether the IMF will play a role in the rescue. Kauder, who incensed fellow lawmakers last week with threats of retaliation if they rebelled and voted against a bailout,...

  • *Parliament vote set for Weds morning, before Merkel Brazil trip. BERLIN, Aug 15- German Chancellor Angela Merkel will ask lawmakers to back an 86 billion euro bailout for Greece at a special session of parliament on Wednesday despite uncertainty about whether the International Monetary Fund is on board. The vote is shaping up as a major test for both Merkel and...

  • German lawmakers to vote on Greece bailout Wednesday Saturday, 15 Aug 2015 | 5:48 AM ET

    BERLIN— German lawmakers will hold a special session Wednesday morning to decide on a new bailout package for Greece. Finance ministers of the 19 nations that use the euro currency gave their approval Friday for first 26 billion euros to help rebuild Greece's shattered economy. In a letter Saturday, German parliament speaker Norbert Lammert asked lawmakers...