Europe Top News and Analysis Greece

More

  • Costamare beats 4Q profit forecasts Wednesday, 27 Jan 2016 | 7:53 PM ET

    ATHENS, Greece _ Costamare Inc. on Wednesday reported fourth-quarter profit of $38.3 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share. Costamare shares have declined 35 percent since the beginning of the year.

  • UPDATE 2-EU gives Greece warning to fix border "neglect" Wednesday, 27 Jan 2016 | 10:06 AM ET

    *European Commission report step to seal Greece off from Schengen. BRUSSELS, Jan 27- The EU executive concluded on Wednesday that Greece could face more border controls with other states of the free-travel Schengen zone in May if it does not fix "serious deficiencies" in its management of the area's external frontier. EU countries have been increasingly...

  • Greek protests paralyze ports, streets markets Wednesday, 27 Jan 2016 | 7:56 AM ET

    ATHENS, Greece— A growing wave of strikes and protests against a planned overhaul of the pension system in Greece has halted services at the country's ports for two days, while popular neighborhood farmers' markets were canceled. On Wednesday, farmers continued tractor blockades of highways around the country, while striking street market vendors drew large...

  • ATHENS, Jan 26- Greek Prime Minister Alexis Tsipras launched a vocal defence of plans to overhaul the country's pensions system on Tuesday as public unrest simmered over cutbacks that are a condition for the indebted country to receive more international aid. To pay pensions in 2016, the social security system- apart from contributions and state funding- will...

  • ATHENS, Jan 26- Farmers vowed to step up protests, nurses took to the streets and sailors prepared to strike as anger simmered in Greece on Tuesday over further pension cutbacks that are a condition for the indebted country to receive more international aid. Amid rallies and protests across the country, Greece's politicians were scheduled to launch...

  • *Austria and Sweden say Greece could be excluded from Schengen. AMSTERDAM, Jan 25- European Union interior ministers urged Greece on Monday to do more to control the influx of migrants, some threatening to have it excluded from the continent's prized passport-free travel zone as the crisis increasingly divides bloc members. Greece was the main gateway to...

  • LONDON/ MILAN, Jan 25- European shares fell on Monday, with oil and gas companies losing ground as an oil price rally fizzled out and steep falls in Spanish and Italian lenders hitting banking stocks. The pan-European FTSEurofirst 300 index, which rose 3 percent on Friday to mark its first weekly gain for 2016, slipped 0.7 percent by 1523 GMT. The euro zone's...

  • LONDON, Jan 25- European stock markets fell slightly on Monday, with shares in major oil and gas companies losing ground as an oil price rally fizzled out. The euro zone's blue-chip Euro STOXX 50 index and Germany's DAX were both little changed, with the DAX more than 20 percent below a record high reached last April. World stock markets have fallen since the start of...

  • *Austria and Sweden say Greece could be excluded from Schengen. AMSTERDAM, Jan 25- European Union interior ministers on Monday urged Greece to do more to control the influx of migrants, some threatening to exclude it from the continent's prized passport-free travel zone as the crisis increasingly divides the bloc's members. Greece was the main gateway to...

  • DIARY-Top Economic Events to Jan 30 Tuesday, 19 Jan 2016 | 7:01 PM ET

    FRANKFURT- European Central Bank President Mario Draghi to hold press conference- 1330 GMT. FRIDAY, JANUARY 22 DAVOS- European Central Bank President Mario Draghi to participate in discussion with Financial Times Editor Lionel Barber at the World Economic Forum- 0745 GMT. DAVOS- European Central Bank member Benoit Coeure to participate in a panel discussion...

  • STRASBOURG, France, Jan 19- European Council President Donald Tusk issued a stark warning on Tuesday that the European Union had "no more than two months" to tackle the migration crisis engulfing the 28- nation bloc or else face the collapse of its passport-free Schengen zone. Tusk was speaking to the European Parliament in Strasbourg amid growing frustration...

  • *If Greece measured shipping like others, industry would be smaller. PIRAEUS, Greece, Nov 25- On the day he took office as Greece's shipping minister in June 2012, Kostis Moussouroulis received a visit from a 90- year-old shipowner. The magnates who run one of the biggest merchant marine fleets in the world have long argued that if Greece tried to tax them, they would...

  • ATHENS, Jan 16- Greek workers marched through the streets of Athens on Saturday to protest against the leftist-led government's planned pension reform, which the country's international creditors have demanded as part of its third bailout. Turnout in recent protests has been weak, mainly due to austerity fatigue and resignation after five years of...

  • ATHENS, Jan 16- Greek workers marched through the streets of Athens on Saturday to protest against the leftist-led government's planned pension reform which the country's international creditors have demanded as part of its third bailout. Turnout in recent protests has been weak, mainly due to austerity fatigue and resignation after five years of...

  • *Athens to put forward public sector reform bill soon. ATHENS, Jan 14- Greece said on Thursday it wanted to persuade its creditors to let it hire more health staff and teachers in the early stages of its overhaul of the public sector, part of a wider attempt to cushion the blow of harsh austerity. Athens has promised to cut public sector spending and increase...

  • BRUSSELS, Jan 14- Greece accepts that the International Monetary Fund has to take part in the bailout program under which Athens receives billions of euros in loans in exchange for economic reforms, the chairman of euro zone finance ministers said on Thursday. But the participation of the IMF is a key condition for Germany, which believes the European...

  • BRUSSELS, Jan 13- Euro zone partners are impressed with Greece's progress in implementing its latest bailout but have misgivings about its proposal to partly fund a major pension reform by raising contributions, EU officials said on Wednesday. His six-stop tour culminated in Berlin on Wednesday, where he met hardline German Finance Minister Wolfgang...

  • ATHENS, Jan 12- Canadian miner Eldorado Gold Corp expects the suspension of much of its mine construction and development activity in Greece after a confrontation with the government to cost more than 600 jobs, its chief executive said on Tuesday. The Vancouver- based miner had to resort to Greece's top administrative court to annul a government decision that...

  • Jan 11- Canadian miner Eldorado Gold Corp on Monday said it was suspending much of its mine construction and development in Greece after a year of confrontations with the Greek government that included permits being revoked and delayed by the state. Eldorado said in a statement that it would prefer to create more jobs and carry on with construction and...

  • *Reform is a condition for Greece to conclude bailout review. ATHENS, Jan 9- Greece's leftist government will be able to push through a crucial pension reform in parliament, part of measures the country has agreed to under its international bailout, the deputy prime minister said in a newspaper interview released on Saturday. Greece has drafted a proposal to...