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Congress Bailouts

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  • ATHENS, Aug 20- Greece made a 3.2 billion euro payment to the European Central Bank on a maturing government bond on Thursday, tapping cash from its first disbursement of bailout money, a senior government official said. Greece received the first tranche of funds from its new bailout loan on Thursday after the European Stability Mechanism approved a rescue of up...

  • European stocks extend drop after U.S. inflation data Wednesday, 19 Aug 2015 | 10:48 AM ET

    *Glencore also down after earnings drop. LONDON, Aug 19- European stock markets fell on Wednesday, extending a recent losing streak after U.S. inflation data supported expectations of a rate rise, while brewer Carlsberg slumped after cutting its outlook. News that German lawmakers had voted to back a third bailout for Greece had little positive effect, with the...

  • BERLIN/ ATHENS, Aug 19- Germany's parliament approved a third bailout for Greece on Wednesday after Finance Minister Wolfgang Schaeuble argued the country should get "a new start", while in Athens the government agonised over whether to call a snap election. The Bundestag's vote cleared one of the final obstacles to Greece getting funding so that it can make a 3.2...

  • German Parliament approves third Greek bailout Wednesday, 19 Aug 2015 | 6:19 AM ET
    German Parliament approves third Greek bailout

    "Squawk Box's" Becky Quick reports German lawmakers have voted for the Greek rescue package.

  • Greece nears debt deadline ahead of bailout vote Wednesday, 19 Aug 2015 | 6:09 AM ET
    Greece nears debt deadline ahead of bailout vote

    CNBC's Seema Mody reports the latest details on Germany's vote on the Greek rescue package.

  • *But must give Greece a chance for new start. BERLIN, Aug 19- German Finance Minister Wolfgang Schaeuble urged lawmakers to back a third bailout for Greece in a vote on Wednesday, saying while there were no guarantees of success, it would be irresponsible not to give Greeks the chance for a new start. A significant minority of Merkel's conservatives voting against...

  • BERLIN, Aug 19- German Finance Minister Wolfgang Schaeuble urged lawmakers to back a third bailout for Greece in a vote on Wednesday, saying while there were no guarantees of success, it would be irresponsible not to give Greeks the chance for a new start. A significant minority of Merkel's conservatives voting against the package would send the government a...

  • ATHENS, Aug 18- Ratings agency Fitch upgraded its credit rating for Greece by one notch on Tuesday, saying the latest bailout deal the country struck with its foreign lenders reduced the chance of default. Greece and its European and IMF lenders reached an 85 billion euro bailout agreement last week after nailing down the terms of new loans needed to save the...

  • 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...

  • Will Greece get a third bailout? Monday, 17 Aug 2015 | 11:00 AM ET
    Will Greece get a third bailout?

    Hans Redeker, global head of FX strategy at Morgan Stanley, says Angela Merkel is trying to convince lawmakers to back the bailout package, as it will support her politically.

  • 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 "...

  • LONDON, Aug 17- Spanish, Italian and Portuguese bond yields fell on Monday, with lower-rated euro zone assets buoyed by a third bailout deal for Greece and a relatively stable Chinese yuan. Euro zone finance ministers agreed to lend Greece up to 86 billion euros after Greek lawmakers accepted their tough conditions despite a revolt by some members of the party of...

  • ATHENS, Aug 17- The Greek government appears likely to call a confidence vote, following a rebellion among lawmakers from the ruling Syriza party over the country's new bailout deal, senior ministers said on Monday. Greece's political turmoil has raised uncertainty over how the government will implement the bailout deal, which demands profound economic...

  • Euro zone: Better off without Greece? Monday, 17 Aug 2015 | 4:30 AM ET
    Euro zone: Better off without Greece?

    For Greece to be on a sustainable path, debt needs to be sustainable says Kokou Agbo-Bloua, managing director and global head of flow strategy & solutions at Societe Generale.

  • ATHENS, Aug 17- A Greek minister gave on Monday the strongest indication yet that the government will call a confidence vote following a rebellion among lawmakers from the ruling Syriza party over the country's new bailout deal. Greece's political turmoil has raised uncertainty over how the government might implement the bailout deal, which demands...

  • ATHENS, Aug 17- Greek Energy Minister Panos Skourletis gave on Monday the strongest indication yet that the government will call a confidence vote following a rebellion among lawmakers from the ruling Syriza party over the country's new bailout deal. The government has said its priority is to secure a start to funding from international creditors so that...

  • *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, 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...

  • BRUSSELS, Aug 14- Eurogroup chairman Jeroen Dijsselbloem said Friday's bailout deal would put Greece's debt on a sustainable path and followed very constructive cooperation with the Greek government. In a briefing following around six hours of talks in Brussels, Dijsselbloem also said he was optimistic the International Monetary Fund would be willing to...