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Congress Bailouts

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  • 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...

  • 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...

  • 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...

  • Greece gives German firm rights to run 14 airports Tuesday, 18 Aug 2015 | 5:36 AM ET

    ATHENS, Greece— Greece has agreed to sell to a German company the rights to operate 14 regional airports. The government had initially vowed to cancel the country's privatization program, but Tsipras has been forced to renege on his pre-election promises in order to win a deal on a third international bailout for Greece, worth 86 billion euros.

  • NEW YORK— U.S. stocks are rising in late afternoon trading Monday as China's currency steadied and Greece's bailout cleared another big hurdle. A measure of manufacturing activity in New York state fell, while an index of homebuilder sentiment showed optimism at its highest level since the housing boom a decade ago. THE QUOTE: "This continues to be a resilient...

  • 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...

  • 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...

  • Greek government seen calling confidence vote Monday, 17 Aug 2015 | 6:20 AM ET

    ATHENS, Greece— Greek Prime Minister Alexis Tsipras is likely to call a confidence vote in his government after the country's third bailout deal with international creditors sparked a rebellion within his party, one of his ministers indicated Monday. Without the bailout, Greece faces defaulting on its debts and eventually being forced out of Europe's joint...

  • 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...

  • US stocks rise at midday after early losses Monday, 17 Aug 2015 | 2:24 AM ET

    NEW YORK— U.S. stocks are rising in morning trading Monday as China's currency steadied and Greece's bailout cleared another big hurdle. FACTORY CHECK: Manufacturing activity in New York state contracted in August at the fastest pace since the Great Recession, pulled down by sharp declines in new orders and shipments, according to the Federal Reserve Bank of...

  • 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...