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Congress Bailouts

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  • 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...

  • BRUSSELS/ ATHENS, Aug 14- Finance ministers from the euro zone gave their final blessing to lending Greece up to 86 billion euros after the parliament in Athens agreed to stiff conditions overnight. Some issues still need to be ironed out following a deal struck with Greece on Tuesday by the European Commission, European Central Bank and International Monetary...

  • BRUSSELS/ ATHENS, Aug 14- Finance ministers from the euro zone were meeting in Brussels on Friday expecting to give their final blessing to lending Greece up to 85.5 billion euros after the parliament in Athens agreed to stiff conditions overnight. German Finance Minister Wolfgang Schaeuble, long the most powerful sceptic over the merits of giving Greece a...

  • *Kiev wants deal this week. KIEV/ LONDON, Aug 14- Restructuring talks between Ukraine and a group of its largest creditors were to continue on Friday, a source close to the process said, after no deal emerged in two days of negotiations over $19 billion of Ukraine's debt. A $40 billion international bailout package depends on Kiev plugging a $15 billion funding gap...

  • BRUSSELS, Aug 14- Finance ministers from the euro zone were meeting in Brussels on Friday expecting to give their final blessing to lending Greece up to 85.5 billion euros after parliament in Athens agreed to stiff conditions overnight. German Finance Minister Wolfgang Schaeuble, long the most powerful sceptic on the merits of giving Greece a third bailout to...

  • Europe votes on Greek bailout Friday, 14 Aug 2015 | 10:00 AM ET
    Europe votes on Greek bailout

    Athens approves bailout plan; European finance ministers will vote today.

  • *China central bank sets slightly stronger yuan midpoint. LONDON, Aug 14- The euro rose on Friday after Greece's parliament gave approval to a new bailout agreement, with relative calm returning to currency markets after a week that saw China devalue the yuan, sending ripples through global financial markets. On Friday, the People's Bank of China set the yuan...

  • ATHENS, Aug 14- Greek Prime Minister Alexis Tsipras faced the widest rebellion yet from his leftist lawmakers as parliament approved a new bailout programme on Friday, forcing him to consider a confidence vote that could pave the way for early elections. That clears the way for euro zone finance ministers to approve the first batch of aid from the 85-...

  • ATHENS, Aug 14- Greek Prime Minister Alexis Tsipras confronted a widening rebellion within his leftist Syriza party as parliament voted to approve the country's third financial rescue by foreign creditors in five years. Euro zone finance ministers are expected to approve the vital aid for Athens later on Friday. Tsipras will call a confidence vote in...

  • After an all-night parliamentary session, Greek Prime Minister Alexis Tsipras secured enough support for the country's third package of some 85 billion euros. The bloc's ministers still have to approve the deal for aid to be disbursed before Athens must make a 3.2 billion euro debt payment to the European Central Bank on Aug. 20. The EU Commission has agreed to...

  • GREEK GOVERNMENT SECURES ENOUGH VOTES TO PASS BAILOUT AGREEMENT IN PARLIAMENT.

  • ATHENS, Aug 13- Greek lawmakers bickered through the night over a new bailout deal to keep the country afloat, only hours before euro zone finance ministers are due to decide on Friday whether to approve the vital aid for Athens. With the ruling Syriza party apparently heading for a split over the 85 billion euro programme, parliament finally began debating...

  • ATHENS, Aug 13- Greece's ruling Syriza party edged towards a formal split on Thursday, hours before rebel leftist lawmakers plan to vote against a new bailout deal to keep the country afloat. With opposition support, the government is asking parliament to approve a 85 billion euro bailout deal that Greece needs to avoid defaulting on a debt repayment next week.

  • ATHENS, Aug 13- Greece's ruling Syriza party edged towards a formal split on Thursday, hours before rebel leftist lawmakers have promised to vote against a new bailout deal to keep the country afloat. With opposition support, the government is asking parliament to approve a 85 billion euro bailout deal that Greece needs to avoid defaulting on a debt repayment...

  • ATHENS, Aug 13- The Greek government criticised rebels within its ranks intent on opposing a new bailout deal in Thursday night's parliamentary vote, saying a government without a majority "cannot go far" and raising the possibility of early elections. With opposition support, parliament is preparing to approve the 85 billion euro bailout deal that Greece...

  • By George Georgiopoulos and David Stamp. With opposition support, parliament is preparing to approve the 85 billion euro bailout deal that Greece needs to avoid defaulting on a debt repayment next week. The agreement is expected to easily pass since opposition parties have promised to support Prime Minister Alexis Tsipras to ensure Greece does not return to...

  • WASHINGTON, Aug 12- The United States filed an appeal on Wednesday against a U.S. judge's ruling in June that sided with former American International Group chief executive Maurice "Hank" Greenberg on a legal claim over the company's 2008 bailout. A judge in the Court of Federal Claims in Washington, D.C. found that the U.S. Greenberg had sought up to $50 billion in...

  • BERLIN, Aug 12- Germany's Finance Ministry said on Wednesday it had raised questions about a memorandum of understanding agreed between Greece and its international lenders but that Berlin was not rejecting the bailout plan for Athens. These are part of the examination process, which is not yet finished, "a ministry spokesman said, adding that the questions...

  • ATHENS/ BRUSSELS, Aug 12- The European Union moved to keep Greece on a tight rein after its latest bailout, with sources saying the 85 billion euro deal will be reviewed by lenders in October and any discussion of debt relief will only come at a later stage. Greece was forced to accept tougher terms than were initially on offer and its creditors want to be sure that...

  • FRANKFURT/ BRUSSELS, Aug 12- Greek banks will have restricted access to bailout funds until a fresh injection of equity to recapitalise them several months from now is approved, sources told Reuters on Wednesday. But no disbursement is expected for now as banks are seen maintaining adequate capital until the full 25 billion euros outlined in the rescue package...