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Europe Top News and Analysis Greece

  • Macron great promises but not much can be done

    Simon Derrick, chief currency strategist at BNY Mellon, discusses a potential French presidency under En Marche! candidate Emmanuel Macron.

  • ATHENS, Greece _ Costamare Inc. on Thursday reported first-quarter net income of $23 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share. Costamare shares have risen 25 percent since the beginning of the year.

  • ATHENS, Greece— Greece and its bailout creditors are closing in on a deal to restart rescue loan payouts, senior officials from the two sides said Thursday, a compromise that is likely to prolong years of hardship for many Greeks. Bailout inspectors from International Monetary Fund and European Union institutions return to Athens this week to finalize the...

  • BRUSSELS— The European Union's head office says Greece is delivering on its fiscal targets and that an agreement to hand more bailout cash to Athens could come next month. EU Commission Vice President Valdis Dombrovskis said Wednesday that Greece continues to show progress on its budget targets and held out hope of an agreement between Greece and its bailout...

  • ATHENS, Greece— Greek Prime Minister Alexis Tsipras says his government is aiming to return to international bond markets this year after the current round of bailout negotiations is concluded. Bailout inspectors from the International Monetary Fund and European Union institutions returned to Athens this week to try to hammer out an agreement in late May...

  • ATHENS/ ROME, April 24- The Italian and Greek governments are counting on France's likely next president Emmanuel Macron to help them see off populist parties that blame European Union- enforced austerity and open immigration policies for economic and social ills. The ruling parties in heavily indebted Italy and Greece hope his enthusiasm for the EU will help...

  • ATHENS, Greece— Representatives of Greece's bailout creditors are due in Athens to restart talks on further cutbacks, European officials said Monday, as they confirmed that the country last year far exceeded its budget targets. And the country's privatization agency announced Monday that a consortium led by private German investor Deutsche Invest Equity...

  • WASHINGTON, April 21- The International Monetary Fund on Friday praised Greece's fiscal over-performance in 2016, but said it still needed clarification from euro zone governments on what debt relief Athens could expect before joining the latest Greek bailout. Greece is on its third international bailout since 2010, but it has to pass reviews of reforms...

  • *Greece swings to general government surplus in 2016, after 21 years. ATHENS, April 21- Greece far exceeded its international lenders' budget demands last year, official data showed on Friday, posting its first overall budget surplus in 21 years even when debt repayments are included. This was calculated under European System of Accounts guidelines, which...

  • *Greece swings to general government surplus in 2016, after 21 years. ATHENS, April 21- Greece far exceeded its international lenders' demands for a budget surplus last year, official data showed on Friday, posting its first overall budget surplus in 21 years even when debt repayments are included. This was calculated under European System of Accounts...

  • *Greece swings to general government surplus in 2016. ATHENS, April 21- Greece far exceeded its international lenders' demands for budget savings last year, official data showed on Friday, outstripping even 2017' s target and presenting a strong case for unlocking more bailout funds. The IMF, which has reservations on whether Greece can meet high primary surplus...

  • ATHENS, Greece— Greece has beaten a key bailout target for its public finances, but will still face some painful choices as it tries to negotiate with creditors how much more budget austerity it should impose on its people in coming years. Greece's independent statistics agency said Friday that the country has posted a high primary budget surplus— that is,...

  • The G-20 discussions were being held in conjunction with the spring meetings of the 189- nation International Monetary Fund and its sister lending organization, the World Bank, which are scheduled to conclude Saturday. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Janet Yellen were representing the United States at the discussions.

  • Jeroen Dijsselbloem, president of the Eurogroup.

    Portugal's deputy finance minister said Jeroen Dijsselbloem's days as Eurogroup president appear to be numbered after his 'shocking' comments.

  • ATHENS, April 20- The International Monetary Fund may finance Greece's current bailout programme with a small amount for one year, the country's government spokesman said on Thursday, adding that the issue was under discussion between Athens and its creditors. The fund's participation is seen as a condition for Germany to unlock new funds to Greece.

  • DUBAI, United Arab Emirates— Emirates, the Middle East's largest airline, slashed its flights to the United States by 20 percent Wednesday, blaming a drop in demand on tougher U.S. security measures and Trump administration attempts to ban travelers from some Muslim-majority nations. The Dubai government-owned carrier's decision is the strongest sign yet...

  • BRUSSELS, April 12- International Monetary Fund chief Christine Lagarde said on Wednesday Greece was heading in the right direction on reforms, but talks on its bailout review and the IMF's potential role in it were "only halfway through." Last week, euro zone finance ministers agreed on the key elements of reforms that Greece needs to implement in exchange for a...

  • BRUSSELS, April 12- International Monetary Fund chief Christine Lagarde on Wednesday said Greece was heading in the right direction on reforms but talks on its bailout and the IMF's potential role in it were "only halfway through". Greece and its international lenders are negotiating reforms the country needs to carry out to maintain a sustainable growth path...

  • EU officials concerned about new elections in Greece: POLITICO

    Ryan Heath, senior EU correspondent at POLITICO, talks about the current state of the Greek economy, with a discussion on its bailout program and politics.

  • *Tsipras says tough decisions in Malta open way for debt relief. ATHENS, April 9- Greece will implement additional austerity measures agreed with its official creditors on condition of further debt relief that will enable the country to be included in the ECB's bond buying scheme, Prime Minister Alexis Tsipras said on Sunday. Athens struck a deal with its...