BRASILIA, Aug 31- The Brazilian government on Monday for the first time ever sent Congress a budget bill that forecasts a primary deficit and urged lawmakers to help fix a fiscal crisis that threatens the country's investment-grade rating. The deficit projection underscored Rousseff's need to find new sources of revenue as tax collection plummets and she...» Read More
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...
MADRID, July 31- Spain's Mariano Rajoy sought to persuade Spaniards on Friday that earlier austerity would be reverted if he won re-election later this year, unveiling a 2016 budget featuring the first spending hikes since he took office. While still tight- the country plans to cut the public deficit by around 15 billion euros next year- the budget will be boosted...
BRASILIA, July 21- Brazil may cut spending further to strengthen its finances following a sharp drop in tax revenues, Finance Minister Joaquim Levy said on Tuesday, without ruling out the possibility of lowering the government's key budget surplus target. With markets leery of the government adjusting its closely watched primary budget surplus goal of 1.1...
LONDON, July 21- Britain's finance minister George Osborne launched a new front in his austerity push on Tuesday as he challenged some government departments to find spending cuts of up to 40 percent by the end of the decade. "This spending review is the next step in our plan to eliminate the deficit, run a surplus and ensure Britain lives within its means," Osborne...
Monday should have been a good day for Greece with banks re-opening and receiving over 7 billion euros in financing. But turns out, they don't have much to celebrate.
ROME, July 18- Italian Prime Minister Matteo Renzi on Saturday pledged to abolish a much-hated property levy next year and make further tax cuts in the future, and said his plan to bolster growth would not upset public finances. Speaking at a party assembly outside Milan, Renzi said he would eliminate a tax on primary residences from 2016. Renzi did not say how much...
Michael Moran, Managing Director for Global Risk at Control Risks, describes the political trouble the Greek PM is currently in.
Expect serious political fallout following the third Greek bailout, says Warwick professor Haridimos Tsoukas.
John Calverley, Head, Global Thematic Research at Standard Chartered, warns of looming trouble in Greek politics.
Lindsey Piegza, Chief Economist at Stifel Fixed Income, says getting the Greek population on board with Monday's bailout plan will require "extreme political maneuvering."
Guillaume Chatain, Executive Director and Head of Equity Solutions at JP Morgan Private Bank, expects Athens to seek changes to Monday's bailout deal over the next couple of months.
Jason Brady, Head of Fixed Income & Managing Director at Thornburg Investment Management, doesn't expect the Greek citizens to willingly accept the new harsh measures outlined in the bailout deal.
Twitter broke the news. After a record 17 hour-long emergency euro summit, a deal between Greece and the Eurogroup has been struck.
Mark Melatos, Senior Lecturer at the University of Sydney's School of Economics, explains why a 5-year exit from the common currency isn't likely for Greece.
CNBC's Michelle Caruso-Cabrera and Stathis Kalyvas, Yale professor, discuss whether Alexis Tsipras' new plan has a chance of passing in the Greek parliament.
CNBC's Adam Bakhtiar provides an update on early trading in Asia.
Erik Nielsen, UniCredit global chief economist, says it could take ten years for Greece to get its economic house in order. CNBC's Michelle Caruso-Cabrera and Steve Liesman add perspective.
Erik Nielsen, UniCredit global chief economist, weighs in on the bigger economic implications of Greece's debt crisis for Europe.
CNBC's Michelle Caruso-Cabrera, and Haris Theoharis, MP to Potami, discuss the legislative process of getting the Greek debt proposal passed in parliament and it's likely outcome. This is plan B, and not meant to be executed, says Theoharis.
CNBC's Julia Chatterley, and Matt Kaminski, Politico executive editor, discuss what will likely happen if Greece is pushed out of the euro.