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Politics Francois Hollande

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  • Treasury Secretary Jack Lew spoke on Monday with Greece's prime minister and finance minister and said Washington looked forward to Athens and other parties resuming conversations toward resolving the Greek situation, a Treasury spokeswoman said. Lew voiced hope such an outcome "will allow Greece to make difficult but necessary fiscal and structural...

  • PARIS/ ATHENS, July 6- France and Germany told Greece on Monday to come up with serious proposals in order to restart financial aid talks, a day after Greeks voted overwhelmingly to reject more austerity. German Chancellor Angela Merkel and French President Francois Hollande, the euro zone's most powerful leaders, said Athens must move quickly if it wants to...

  • NEW YORK/ LONDON, July 6- Gold turned higher on Monday as France and Germany told Greece the door was open to negotiations after Greek voters had rejected the terms of a bailout package. Leaders of France and Germany told Greece's government the door for negotiations with creditors remained open but urged it to make credible proposals at a euro zone summit to...

  • PARIS/ ATHENS, July 6- France and Germany told Greece to come up with serious proposals in order to restart financial aid talks, raising pressure on Prime Minister Alexis Tsipras to compromise a day after his country voted overwhelmingly against more austerity. After a meeting in Paris, German Chancellor Angela Merkel and French President Francois Hollande...

  • PARIS, July 6- Leaders of France and Germany told Greece's government the door for negotiations with creditors remained open but urged it to make credible proposals at a euro zone summit to reach a cash-for-reform deal and so avoid a euro zone exit. "It's now up to the government of Alexis Tsipras to offer serious, credible proposals so that this will can be turned...

  • PARIS, July 6- Leaders of France and Germany told Greece's government on Monday the door for negotiations with creditors remained open but urged it to make quick proposals to reach a cash-for-reform deal. Merkel said the conditions for a discussion on a program involving the European Union's bailout fund were not present and urged Greece to put proposals on...

  • *German government says up to Greece to act to stay in euro. BERLIN, July 6- The German government signaled a tough line towards Greece on Monday, saying it saw no basis for new bailout negotiations and insisting it was up to Athens to move swiftly if it wanted to preserve its place in the euro zone. With opinion towards Greece hardening in Germany's ruling coalition...

  • *Greece owes $3.5 bln bond payment to ECB on July 20. July 6- U.S. stocks were set to open lower on Monday after Greece rejected debt bailout terms, throwing the future of the country's euro zone membership into further doubt. A new bailout deal is needed for Greece to meet a July 20 deadline to repay $3.9 billion of bonds to the ECB.

  • German Chancellor Angela Merkel and French President Francois Hollande will meet in Paris in the afternoon. *Greece's finance minister quit and Prime Minister Alexis Tsipras said his government was ready to return immediately to negotiations with creditors in a bid to open shuttered banks. The Institute for Supply Management's services index data is...

  • *German government says up to Greece to act to stay in euro. BERLIN, July 6- The German government signalled a tough line towards Greece on Monday, saying it saw no basis for new bailout negotiations and insisting it was up to Athens to move swiftly if it wanted to preserve its place in the euro zone. With opinion towards Greece hardening in Germany's ruling coalition...

  • 'Grexit' tips over to base case for many big banks Monday, 6 Jul 2015 | 6:56 AM ET

    LONDON, July 6- Greece leaving the euro zone has tipped over to become the base case for many international bank economists after Sunday's overwhelming' No' vote against further austerity imposed by creditors. A Reuters poll of more than 70 economists published a week ago, just before Greece defaulted on a 1.6 billion euro payment to the International Monetary...

  • *European partners say await new proposals from Greece. ATHENS/ FRANKFURT, July 6- Greece's outspoken finance minister resigned on Monday, removing a major obstacle to any deal to keep Athens in the euro zone after Greeks voted resoundingly to back the government in rejecting the austerity terms of a bailout. Yanis Varoufakis, an avowed "erratic Marxist"...

  • *Greece must come back with fresh proposals-Sapin. PARIS, July 6- France urged Greece on Monday to come back to the negotiating table with new proposals, insisting a cash-for-reform deal was possible even as the country's resounding' No' vote prompted growing German calls for its exit from the euro zone. President Francois Hollande, who welcomes Germany's Angela...

  • ATHENS/ FRANKFURT, July 6- Greece's outspoken finance minister resigned on Monday, removing a major obstacle to any deal to keep Athens in the euro zone after Greeks voted resoundingly to back the government in rejecting the austerity terms of a bailout. Yanis Varoufakis, a self-proclaimed "erratic Marxist" economist who infuriated euro zone partners with his...

  • ATHENS/ FRANKFURT, July 6- Greece's outspoken finance minister resigned on Monday, removing a major obstacle to any last-minute deal to keep Athens in the euro zone after Greeks voted resoundingly to reject the austerity terms of a bailout. With banks shuttered, cash machines running out of banknotes and sympathy for Athens among EU governments close to...

  • *China shares struggle to rally despite Beijing support measures. SYDNEY/ TOKYO, July 6- Asian stocks hit a six-month trough and the euro stumbled on Monday after a Greek vote against austerity measures endangered its future in the single currency and raised the risk of a full-blown crisis in the euro zone. A rush from risk took MSCI's broadest index of...

  • *China shares rally as Beijing steps up support measures. SYDNEY/ TOKYO, July 6- Asian stocks and the euro stumbled on Monday after a Greek vote against austerity measures endangered its future in the single currency and raised the risk of a full-blown crisis in the euro zone. Japan's Nikkei share index fell 1.4 percent while MSCI's broadest index of Asia-Pacific...

  • SYDNEY/ TOKYO, July 6- The euro and stock prices fell sharply in Asia on Monday after the Greeks had overwhelmingly rejected austerity measures demanded in return for bailout money, putting in doubt its continued place in the single currency. U.S. equity futures dropped around 1.4 percent while Japan's Nikkei shares fell 1.4 percent and MSCI's broadest index of...

  • NEW YORK, July 5- The overwhelming Greek rejection of a bailout is likely to boost market uncertainly, weaken the euro and trigger a stocks selloff in the near term as investors assess how the European Central Bank works to stop contagion spreading from Greece. Greece faces a July 20 deadline to repay the ECB a 3.5 billion euro bond. The reaction on financial...

  • BERLIN, July 5- German Chancellor Angela Merkel agreed in a phone call with French President Francois Hollande on Sunday night that a euro zone leaders' summit should be held on Tuesday after Greeks rejected bailout terms in a referendum, a German government spokesman said. The chancellor and president also agreed that the referendum result should be...