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Congress Bailouts

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  • ATHENS, July 20- Greeks queued outside banks on Monday as they reopened three weeks after closing to stop the system collapsing, the first cautious sign of a return to normal after a deal to start talks on a new package of bailout reforms. However limits on withdrawals will remain and payments and wire transfers abroad will still not be possible- a situation which...

  • SHANGHAI, July 20- China stocks erased early losses and ended Monday higher, after the country's securities regulator reaffirmed its support for the market, denying a media report that the government was studying how to end its bailout. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.2 percent, to 4,160.61, while the Shanghai...

  • Greek banks reopen as Tsipras eyes return to normal Monday, 20 Jul 2015 | 2:12 AM ET

    ATHENS, July 20- Greeks queued outside banks on Monday as they reopened three weeks after closing to stop the system collapsing under a flood of withdrawals, the first cautious sign of a return to normal after a deal to start talks on a new package of bailout reforms. However capital controls will remain and payments and wire transfers abroad will still not be...

  • ATHENS, July 19- Greek banks are ready to open their branches across the country on Monday after a three-week shutdown, officials said, while German Chancellor Angela Merkel called for swift aid talks so Athens could also lift withdrawal limits. The cautious reopening of the banks, and an increase in value added tax on restaurant food and public transport from...

  • BERLIN, July 19- German Chancellor Angela Merkel tried to restore calm to her coalition government on Sunday after tensions tied to bailout negotiations with Greece burst out into the open, laying bare resentment among the highest-ranking ministers in her cabinet. The rare public feuding underscored the toll that months of hard-fought talks with Greece has...

  • ATHENS, July 18- The Greek government ordered banks to open on Monday, three weeks after they were shut down to prevent the system collapsing under a flood of withdrawals, as Prime Minister Alexis Tsipras looked to the start of new bailout talks next week. The first action of the new cabinet was to sign off on a decree to reopen banks on Monday with slightly more...

  • New Greek ministers sworn in after reshuffle Saturday, 18 Jul 2015 | 5:58 AM ET
    Greek Prime Minister Alexis Tsipras

    New ministers in Greek PM Alexis Tsipras' government were sworn in on Saturday after a reshuffle expelled dissidents from his cabinet.

  • New Greek ministers sworn in after reshuffle Saturday, 18 Jul 2015 | 5:01 AM ET

    ATHENS, July 18- New ministers in Greek Prime Minister Alexis Tsipras' government were sworn in on Saturday after a reshuffle expelled dissidents from his cabinet and began a new phase of negotiations for a third bailout package. Tsipras sacked hardline former Energy Minister Panagiotis Lafazanis and two deputy ministers on Friday in a change that marked a...

  • *Greece and the Eurozone on Eikon: http://tmsnrt.rs/1LlrwQw. BERLIN, July 17- German lawmakers gave their go-ahead on Friday for the euro zone to negotiate a third bailout for Greece, but a warning from Chancellor Angela Merkel that the alternative was chaos failed to prevent a hefty rebellion in her own party. Merkel's finance minister, Wolfgang Schaeuble, had...

  • BERLIN, July 17- German lawmakers gave their go ahead on Friday for the euro zone to negotiate a third bailout for Greece, heeding a warning from Chancellor Angela Merkel that the alternative to a deal with Athens was chaos. Popular misgivings run deep in Germany, the euro zone country which has already contributed most to Greece's two bailouts since 2010, about...

  • Germany votes to keep Greece in euro Friday, 17 Jul 2015 | 9:10 AM ET
    Germany votes to keep Greece in euro

    CNBC's Steve Liesman reports on the German parliament vote to approve Greece's bailout negotiations.

  • BERLIN, July 17- German lawmakers gave their go ahead on Friday for the euro zone to negotiate a third bailout for Greece, heeding a warning from Chancellor Angela Merkel that the alternative to a deal with Athens was chaos. Popular misgivings run deep in Germany, the euro zone country which has already contributed most to Greece's two bailouts since 2010, about...

  • What really matters is Greece's policies: IMF Friday, 17 Jul 2015 | 7:53 AM ET
    What really matters is Greece's policies: IMF

    David Lipton, IMF deputy director, weighs in on the IMF's role in Greek's debt relief and Germany's hard line on Greece.

  • Road ahead for Greece Friday, 17 Jul 2015 | 7:51 AM ET
    Road ahead for Greece

    CNBC's Steve Liesman talks with David Lipton, IMF deputy director, about the politics of Greece's bailout, and the parameters set for restructuring.

  • BERLIN, July 17- Chancellor Angela Merkel called on German lawmakers on Friday to back negotiations for a third Greek bailout, saying the alternative was chaos and that suggestions Athens might leave the euro temporarily wouldn't work. Schaeuble himself has suggested Greece might be better off taking a "time-out" from the euro zone to sort out its daunting...

  • ATHENS, Greece— Greece's proposed bailout cleared further key hurdles Friday after German lawmakers overwhelmingly gave their backing to another financial rescue and the European Union said it would release a short-term loan to ensure Athens avoids a debt default. In a statement, the European Stability Mechanism said it approved a "decision to grant, in...

  • LONDON, July 17- The dollar was set for its biggest weekly rise since May on Friday as economic data reinforced expectations for a U.S. rate hike by the end of 2015, with euro zone shares steadying after strong gains as Greece looked set to secure a bailout. The euro hovered close to a seven-week low of $1.0854 hit in the previous session. The dollar touched a...

  • BERLIN, July 17- German lawmakers are expected to give the government their clear backing on Friday to start negotiations on a third bailout programme for Greece, despite Finance Minister Wolfgang Schaeuble questioning whether it will succeed. The positive soundings from lawmakers came despite popular misgivings in Germany about funnelling more aid to...

  • Merkel urges German Parliament to back Greek talks Friday, 17 Jul 2015 | 2:19 AM ET

    BERLIN— The German Parliament is expected to clear the way for negotiations on a new bailout package for Greece, despite misgivings among some conservative lawmakers. After a preliminary deal Monday, Germany's government had to go to Parliament to get a mandate for what could be difficult talks on details of the three-year bailout expected to be worth 85...

  • METALS-London copper eyes lower close for a second week Thursday, 16 Jul 2015 | 9:07 PM ET

    MELBOURNE, July 17- London copper was set to close lower for a second week on Friday as a seasonal demand lull and concerns over China's stockmarket stability kept risk appetite in check. *Europe moved to re-open funding to Greece's stricken economy on Thursday after the parliament in Athens approved a new bailout programme in a fractious vote that left the...