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Congress Bailouts

  • 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.

  • 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...

  • 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...

  • 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...

  • *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...

  • *Germany backs Greece, wants it to remain in euro zone. BRUSSELS/ BERLIN, Feb 13- Germany on Monday voiced support for Greece to stay in the euro zone and the European Commission dispatched a senior official to Athens to persuade it to take on further reforms to salvage its bailout accord. The moves came as the European Commission forecast a large jump in economic...

  • *Germany backs Greece, wants it to remain in euro zone. BRUSSELS/ BERLIN, Feb 13- Germany on Monday backed Greece to stay in the euro zone and the European Commission dispatched a senior official to Athens to persuade it to take on further reforms to salvage its bailout accord. The moves came as the European Commission forecast a large jump in economic growth for...

  • BRUSSELS/ BERLIN, Feb 13- Germany on Monday backed Greece to stay in the euro zone and Brussels dispatched a senior official to Athens to persuade reluctant Greeks to take on further reforms to salvage its bailout accord. It came as the European Commission forecast a large jump in economic growth for Greece of 2.7 percent and 3.1 percent, respectively, this year...

  • BERLIN, Feb 10- German Finance Minister Wolfgang Schaeuble supports another five-year term for Klaus Regling as managing director of the eurozone bailout fund, the European Stability Mechanism, a government source told Reuters on Friday. Regling, a fellow German, took office in October 2012 as the first head of the newly created ESM. His term ends on Oct. 7 and he...

  • BRUSSELS, Feb 10- Euro zone lenders and the International Monetary Fund have agreed to put aside differences and present a united front at a meeting with Greece in the latest bailout impasse, a step towards agreeing what Athens must do next. Euro zone officials said on Friday the lenders would ask Greece to take 1.8 billion euros' worth of new reforms by 2018 and...