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Europe Top News and Analysis Greece

  • ATHENS, Greece— Ratings agency Standard& Poor's has raised its outlook for Greece from "stable" to "positive," encouraged by a recent round of cost-cutting reforms and an expected return to growth this year. In a statement Friday, S&P said the revision reflects an expectation that Greece's debts and debt servicing costs will "gradually decline" on the back of the...

  • LONDON, July 21- Euro zone bond yields fell across the board on Friday after the single currency hit a two-year high against the dollar, leading investors to question the timing of the European Central Bank's planned withdrawal of stimulus. The ECB left its ultra-easy monetary policy unchanged on Thursday and did not discuss clawing back stimulus, though ECB...

  • LONDON, July 21- Euro zone bond yields dropped across the board on Friday after the single currency hit a two-year high against the dollar, leading investors to question the timing of the European Central Bank's planned withdrawal of stimulus. The European Central Bank left its ultra-easy monetary policy unchanged on Thursday and did not discuss clawing back...

  • Seismic chart

    A powerful earthquake of magnitude 6.7 struck off the southwestern Aegean Turkish coast on Friday, the U.S. Geological Survey (USGS) said.

  • ATHENS, Greece— Greece says it is still waiting for the "right moment" to re-enter the bond market, playing down expectations of an issue by the end of the week. Greece had been widely expected to test the markets sometime this week, but the move may have been complicated by the IMF's wish to stop the overall level of Greek debt from rising any further.

  • Athens

    The Greek government is widely expected to return to the bond market soon although Athens isn't saying much.

  • *Greece needs to build 9 bln euro cash buffer before bailout ends. BRUSSELS, July 18- Greece's imminent return to markets will be a step towards a successful exit from its euro zone-funded bailout programme, but it will not be an overnight change. Euro zone creditors are keen to see Athens develop a strategy to tap the markets well before the end of its current 86-...

  • Greece recorded a 0.7 percent surplus last year and is expected to have a deficit of only 1.2 percent in 2017.. "Our recommendation to close the excessive deficit procedure for Greece is another positive signal of financial stability and economic recovery in the country," EU Commission Vice President Valdis Dombrovskis said in a statement.

  • BRUSSELS, July 12- Europe's economics commissioner on Wednesday said Greece was more likely to return soon to markets after new loans it received from euro zone creditors last week and the end of an EU disciplinary procedure over its deficit. Pierre Moscovici said the prospect of Greece returning to borrow from markets for the first time since 2014 is becoming "...

  • BRUSSELS— After eight years of toil by the Greek people, the European Union's executive arm is recommending that Greece be taken off its list of budget offenders, a move it hopes will help the country to start tapping financial markets for money soon. Wednesday's proposal from the EU Commission to end the so-called "excessive deficit procedure" on Greece comes...

  • Greece recorded a 0.7 percent surplus last year and is expected to have a deficit of only 1.2 percent in 2017.. "Our recommendation to close the excessive deficit procedure for Greece is another positive signal of financial stability and economic recovery in the country," EU Commission Vice President Valdis Dombrovskis said in a statement.

  • IMF continues to recommend a restructuring of the Greek debt: Lagarde

    IMF Managing Director Christine Lagarde talks about the organization’s input in the Greek debt talks, with added comment on the European Central Bank and QE loans.

  • LONDON, July 11- Greece could return to financial markets in the next few weeks, investors and bankers close to the discussions told Reuters, raising private cash that would mark an important step towards ending its dependence on official funding next year. Athens' largest creditor, the European Stability Mechanism, said on Monday that Greece should develop a...

  • *ESM urges Greece to ready market borrowing strategy. The ECB's Benoit Coeure is due to speak on Tuesday but analysts said they are most interested in a speech by Fed Governor Lael Brainard on the topic of normalizing central banks' balance sheets, while Fed chair Janet Yellen's semi-annual testimony to Congress follows on Wednesday. San Francisco Federal...

  • ISTANBUL, July 10- Turkey warned Greek Cypriots on Friday not to make a grab for energy reserves around the divided island and President Tayyip Erdogan told oil companies to be careful they did not lose a "friend" by joining in. Talks to reunite the ethnic Greek and Turkish sides of Cyprus collapsed in anger and recrimination in the early hours of Friday, ending a...

  • ISTANBUL, July 10- Turkey warned Greek Cypriots on Friday not to make a grab for energy reserves around the divided island and President Tayyip Erdogan told oil companies to be careful they did not lose a "friend" by joining in. Talks to reunite the ethnic Greek and Turkish sides of Cyprus collapsed in anger and recrimination in the early hours of Friday, marking the...

  • ISTANBUL, July 10- Turkey warned Greek Cypriots on Friday not to make a grab for energy reserves around the divided island and President Tayyip Erdogan told oil companies to be careful they did not lose a "friend" by joining in. Talks to reunite the ethnic Greek and Turkish sides of Cyprus collapsed in anger and recrimination in the early hours of Friday, marking the...

  • WARSAW, July 4- President Donald Trump will attend a summit of the Three Seas Initiative in Poland on Thursday that his hosts hope will boost economic ties between the United States and the ex-communist countries of central and eastern Europe. Poland, Hungary, Czech Republic, Slovakia, Romania, Bulgaria, Lithuania, Estonia, Latvia, Croatia, Slovenia and Austria.

  • WARSAW, July 4- President Donald Trump will attend a summit of the Three Seas Initiative in Poland on Thursday that his hosts hope will boost economic ties between the United States and the ex-communist countries of central and eastern Europe. Poland, Hungary, Czech Republic, Slovakia, Romania, Bulgaria, Lithuania, Estonia, Latvia, Croatia, Slovenia and Austria.

  • WARSAW, July 4- Poland hopes to woo Donald Trump the businessman with new investment opportunities in eastern Europe when the U.S. president pays a whistle-stop trip to Warsaw on Thursday en route for a G20 summit in neighbouring Germany. Amid transatlantic tensions over trade, security and climate change, Poland's right-wing, eurosceptic government wants to...