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Europe Top News and Analysis Greece

  • BRUSSELS, May 23- France is confident that Greece and its international lenders can reach a deal on additional measures of debt relief for Athens in June, the French finance minister said on Monday at the end of a euro zone meeting that ended with no agreement. The meeting in Brussels ended without an agreement on disbursing new loans to Greece, which the country...

  • Greek Finance Minister Euclid Tsakalotos attends a eurozone finance ministers meeting in Brussels, Belgium May 22, 2017.

    Euro zone finance ministers, the IMF and the Greek government failed to agree at talks on Monday on a release of further bailout funds for Athens.

  • In a year when Austria, the Netherlands and France have fended off populist challenges at elections, political tension in Spain- where a minority government is in power- had fallen off euro zone investors' radar. But Pedro Sanchez's re-election on Sunday as leader of the Spanish Socialist Workers' Party served as a reminder of the government's fragility in Spain.

  • ATHENS, Greece— Authorities in Greece say unidentified thieves are stealing vital medical diagnostic equipment from the country's austerity-battered hospitals. Last week, similar equipment worth some 400,000 euros was stolen from an Athens state cancer hospital. Greece's state health system has been hit hard by deep spending cuts imposed under the...

  • *Euro zone may agree to new loans for Greece after reforms passed. BRUSSELS, May 22- Euro zone finance ministers may agree on Monday to release new loans to Greece but are likely to struggle to convince the International Monetary Fund to join the bailout by keeping the prospect of debt relief for Athens highly conditional. Greece needs new cash from the euro zone to...

  • France has always been against any kind of 'Grexit': EC's Moscovici

    European Commissioner for Economic & Financial Affairs, Taxation and Customs, Pierre Moscovici comments on France's new cabinet, the economy and France's relationship with Greece.

  • *Oil top $54 per barrel on OPEC hopes. LONDON, May 22- The euro surged to a six-month high on Monday after Angela Merkel said it was "too weak" for Germany, though rumblings in Spain, Britain and Brussels reminded investors that Europe still has plenty of uncertainties to deal with. A one-month high for oil on hopes of OPEC output curbs had helped give Asian shares their...

  • BERLIN, May 22- Germany's coalition government split along party lines on Monday over the question of debt relief for Greece ahead of a crunch meeting in Brussels to tackle the thorny issue. Foreign Minister Sigmar Gabriel, a Social Democrat, caused the divergence in views by demanding that the euro zone make a firm commitment on granting debt relief to Greece,...

  • In a year when Austria, the Netherlands and France have fended off populist challenges at elections, political tension in Spain- where a minority government is in power- had fallen off euro zone investors' radar. But Pedro Sanchez's re-election on Sunday served as a reminder of the government's fragility in Spain. Sanchez was ousted last year after refusing to...

  • The eurozone's top official says an agreement to give Greece the next batch of bailout cash it needs before a summer repayment bump has not been reached, but that it's close. Jeroen Dijsselbloem said at the conclusion of a meeting of the single currency bloc's 19 finance ministers that Greece has made "huge progress" on implementing the policy package required...

  • BERLIN, May 22- The German Foreign Ministry said on Monday that Berlin should have an interest in not isolating itself with its stance on Greece and the question of debt relief for Athens. The comments came after German Foreign Minister Sigmar Gabriel, a Social Democrat, demanded that the euro zone make a concrete commitment on debt relief to Greece, effectively...

  • *European bourses, euro struggle on Spain, Greece, Brexit rumblings. *Oil hits $54 per barrel on OPEC hopes. LONDON, May 22- European shares, the euro and the pound all stumbled on Monday as rumblings in Spain, Britain and Brussels reminded investors that the region still has plenty of political uncertainty left in the tank.

  • BRUSSELS— Greece is seeking Monday to persuade its creditors in Europe that it has done enough to get another chunk of bailout loans and a firm commitment on alleviating Athens' hefty debt burden. Greek Finance Minister Euclid Tsakalotos is meeting his counterparts from the 19- country eurozone at a meeting in Brussels, where Greece will once again be top of the...

  • LONDON, May 22- Spanish government borrowing costs rose on Monday as one of the most outspoken critics of Mariano Rajoy's conservative ruling party and its austerity policies returned to lead the opposition Socialists. In a year when Austria, the Netherlands and France have fended off populist challenges at elections, political tension in Spain- where a...

  • Without the deal, no new loans can be disbursed to Athens, even though the bailout is now handled only by euro zone governments, and Greece needs new credit to repay some 7.3 billion euros worth of maturing loans in July. Without the loans, Athens is likely to default- a bad start for a country that wants to return to market financing next year when its latest bailout,...

  • ATHENS, May 19- Greece's energy minister held talks on Friday with representatives of U.S. oil major ExxonMobil and France's Total about gas exploration opportunities off Greek shores, the energy ministry said. Athens previously tendered blocks off Crete, its southernmost island north of Egypt and Libya and west of Cyprus, in 2013 but did not receive bids.

  • ATHENS, Greece— It was supposed to be a time to look forward to. After decades of work, retirement was for many meant to provide a chance to slow down and enjoy life. Greece once had a generous pension system— too generous to be sustainable, especially with an aging population.

  • Protesters take to the streets of Athens

    Greek lawmakers approved pension cuts and tax hikes on Thursday sought by the country's lenders to unlock vital financial aid, as angry demonstrators protested outside parliament over new austerity, the latest since the country plunged into crisis seven years ago.

  • ATHENS, Greece— Greece's government secured parliamentary approval late Thursday for a new batch of creditor-demanded measures that will impose further income losses on austerity-weary Greeks over the next three years but pave the way for a modest debt relief deal. The vote was a key requirement for Greece's European creditors to release a new bailout...

  • Greece austerity: Parliament to vote on new measures

    Gikas Hardouvelis, professor at University of Piraeus, says getting the deal signed will send the signal that Greece is ready to tackle its economy.