The Greek economy has stabilized but "the process needs to pick up speed," says Jeroen Dijsselbloem, Dutch Finance Minister and Eurogroup President.
Greece and ungovernable Spain, struggling with jobless rates of 23.5 percent and 20 percent, respectively, are saying enough is enough.
MILAN, Sept 9- Italian bank Monte dei Paschi plans to appoint a new chief executive in the next few days to lead a 5 billion-euro capital raising which is needed to stave off the risk of the world's oldest bank being wound down. The Tuscan bank may need one or two more days to get informal approval for the new CEO from the European Central Bank, the source added.
On Friday EU nations struggling with slow to no growth and high debt meet in Athens as the divide between the EU’s rich and poor widens.
BRATISLAVA, Sept 9- Spain and Portugal must still tackle their excessive budget gaps even though they escaped being fined in July for breaking European Union deficit limits, euro zone finance ministers said on Friday. The leaders of Greece, France, Italy, Spain, Portugal, Malta and Cyprus meet later in Athens and are expected to push for tight budget rules to be...
CNBC's Julia Chatterley discusses what look set to be key issues at today's meeting of European economy and finance minsters in Bratislava.
Progress on structural reforms and Greece, cross border tax harmonization and the Brexit fallout, are all set to be key topics at the Eurogroup’s latest gathering.
CNBC’s Julia Chatterley talks about the tensions that have arisen at the latest Eurogroup meeting, with comment on Germany and Greece.
Joan Hoey, regional manager for Europe at Economist Intelligence Unit, explains why she believes Greece will likely leave the euro zone, when looking at the prospects from its third bailout program.
Joan Hoey, regional manager for Europe at Economist Intelligence Unit, says she’s not surprised the markets have turned away from what’s going on in Greece.
ATHENS, Sept 2- Greece cut back sharply on Friday on the number of television channels operating in the country, awarding just four broadcasting licences to an industry authorities say is mired in mismanagement and corruption. Athens raised an unexpected 246 million euros from the licence auction. The starting price of the licenses was 3 million euros and the...
ATHENS, Sept 2- Greece cut back sharply on Friday on the number of television channels operating in the country, awarding just four broadcasting licenses to an industry authorities say is mired in mismanagement and corruption. Athens raised an unexpected 246 million euros from the license auction. The starting price of the licenses was 3 million euros and the...
ATHENS, Aug 25- A Greek minister accused the European Commission on Thursday of violating the country's constitution when it called on Athens to quash allegations that its former statistics agency chief had rigged data to help creditors. The intervention by Deputy Justice Minister Dimitris Papangelopoulos added fuel to a spat between Athens and the...
The European Union's Employment Commissioner said the Greek statistics office did not manipulate data on the country's debt in 2010-2015.
Police in northern Greece have arrested a 41-year-old woman accused of using a "threatening note" to rob two banks in the country's second-largest city.
The European Central Bank's stimulus is eliciting widely different responses across the euro zone.
Italy is investigating whether Islamic State is involved in organizing the passage of migrants across the Mediterranean.
Fallout from a failed military coup in Greece may exacerbate Europe's festering migrant crisis, EU leaders say.
Treasury Secretary Jack Lew said on Thursday that G20 finance officials do not need to take the same type of massive coordinated fiscal stimulus efforts used to combat recession in 2008-2009, despite an expected global economic growth slowdown sparked by Britain's vote to leave the European Union. Lew, speaking to reporters before flying to Chengdu, China...
ATHENS, July 21- Group of 20 finance officials do not need to take the same type of massive coordinated fiscal stimulus efforts that they did to combat recession in 2008-2009, despite risks posed by Britain's exit from the European Union, a senior U.S. Treasury official said on Thursday. "I don't think this is a moment which calls for the kind of coordinated action...