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Congress Bailouts

  • ATHENS, Greece— Greece's government has called on Germany to drop what it described as "irrational" budget demands in the country's bailout program, a day after Greece and its European creditors agreed to resume talks on new reforms. He called on Germany to drop its demands that Greece post a 3.5 percent primary surplus— the budget balance minus debt interest...

  • EU ministers meet in Brussels

    CNBC's Nancy Hungerford reports creditors agree to resume bailout talks with Greece, and EU finance chiefs shrug off France election fears.

  • LISBON, Portugal— Portugal's government says it has paid back to the International Monetary Fund half the money it received from the institution as part of a bailout in 2011, and says the early repayment is evidence the country is financially healthy again. That means Portugal has already paid back 13 billion euros to the IMF. Portugal neared bankruptcy in 2011...

  • ATHENS, Feb 20- Euro zone finance ministers and Greece agreed on Monday to resume negotiations over its bailout review next week, and to be concluded swiftly afterwards, a Greek government official said. Greece accepted to legislate reforms which would be adopted from Jan. 1, 2019 onwards, on condition that the fiscal impact would be neutral, the official said.

  • BRUSSELS, Feb 20- Euro zone finance ministers will discuss on Monday what reforms Greece must make to release new loans from the bloc's governments and get the International Monetary Fund to join the bailout. But Belgian Finance Minister Johan Van Overtveldt said on entering the meeting that a deal with Greece should not be rushed because of the European...

  • Jeroen Dijsselbloem, president of the Eurogroup.

    Greece is on the path to recovery and anyone who thinks otherwise can talk to someone else, the Eurozone’s leading finance minister insists.

  • BERLIN/ ATHENS, Feb 20- Greece may need far less in bailout loans from international lenders because its finance are improving better than expected, the head the euro zone bailout fund was quoted on Monday as saying. Klaus Regling, the fund's managing director, told German newspaper Bild that at the end of Greece's money-for-reforms package in August 2018, the ESM...

  • BRUSSELS— Greece and its European creditors agreed Monday to resume talks on what economic reforms the country must make next in order to get the money it needs to avoid bankruptcy and a potential exit from the euro this summer. Greece's left-wing government has lost a lot of support as it legislated for more austerity in return for the bailout cash— it's about 15...

  • BERLIN, Feb 20- Greece will need less in emergency loans from international lenders than originally agreed in its third bailout programme due to a better-than-expected budgetary developments, the head of the euro zone bailout fund was reported on Monday as saying. Bavarian Finance Minister Markus Soeder called for a tougher stance in negotiations with...

  • *IMF's position on Greece has not changed, spokesman says. WASHINGTON/ BERLIN, Feb 17- The International Monetary Fund declined to comment on a media report on Friday that it was likely to contribute up to 5 billion euros to a third bailout package for Greece, saying its views on the deal had not shifted. Germany's government, gearing up for what is forecast to be a...

  • NEW YORK— Fannie Mae said Friday that it will pay the U.S. The government-controlled mortgage company has already paid the Treasury $154.4 billion in dividends since receiving $116.1 billion in government bailouts between 2008 and 2011. Fannie Mae's sibling Freddie Mac, which was also rescued by the government during the recession, said Thursday that it...

  • LONDON, Feb 17- It seem as if we have been here before: the euro zone fretting that a crisis with Greece will balloon out of all proportion while the government in Athens says it will not impose one euro more in cuts on its austerity-battered public. There are differences this time from two years ago when a battery of "last chance" meetings over a new bailout brought...

  • LONDON, Feb 17- It seem as if we have been here before: the euro zone fretting that a crisis with Greece will balloon out of all proportion while the government in Athens says it will not impose one euro more in cuts on its austerity-battered public. There are differences this time from two years ago when a battery of "last chance" meetings over a new bailout brought...

  • LONDON, Feb 17- It seem as if we have been here before: the euro zone fretting that a crisis with Greece will balloon out of all proportion while the government in Athens says it will not impose one euro more in cuts on its austerity-battered public. There are differences this time from two years ago when a battery of "last chance" meetings over a new bailout brought...

  • LONDON, Feb 17- It seem as if we have been here before: the euro zone fretting that a crisis with Greece will balloon out of all proportion while the government in Athens says it will not impose one euro more in cuts on its austerity-battered public. There are differences this time from two years ago when a battery of "last chance" meetings over a new bailout brought...

  • LONDON, Feb 17- It seem as if we have been here before: the euro zone fretting that a crisis with Greece will balloon out of all proportion while the government in Athens says it will not impose one euro more in cuts on its austerity-battered public. There are differences this time from two years ago when a battery of "last chance" meetings over a new bailout brought...

  • *Greece says cannot introduce more austerity. ATHENS/ VIENNA, Feb 16- European Union officials urged Greece and its lenders on Thursday to conclude a long-overdue bailout review quickly to safeguard economic recovery but Athens said it wouldn't ask "a euro more" from its austerity-wracked citizens. Inconclusive talks between Greece and its international...

  • ATHENS, Greece— Greece's economy has met its budget targets and there is therefore no reason for further austerity measures to be imposed as part of a deal with bailout creditors, the government spokesman said Thursday. Greece has been struggling for months to conclude negotiations with its creditors on spending cuts and reforms demanded by European...

  • *Greece says cannot introduce more austerity. ATHENS/ VIENNA, Feb 16- European Union officials urged Greece and its lenders on Thursday to conclude a long-overdue bailout review quickly to safeguard economic recovery but Athens said it wouldn't ask "a euro more" from its austerity-wracked citizens. Inconclusive talks between Greece and its international...

  • ATHENS/ VIENNA, Feb 16- European Union officials urged Greece and its lenders on Thursday to conclude a bailout review quickly to avert fresh uncertainty hovering over the crisis-hit nation and warned that a stalemate could harm its nascent economic recovery. Inconclusive talks between Greece and its international creditors on economic reforms and debt...