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Europe Top News and Analysis Greece

  • 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.

  • ATHENS, May 17- Greek Prime Minister Alexis Tsipras said on Wednesday he was optimistic of a positive outcome when euro zone finance ministers meet in Brussels on Monday to discuss the progress of Greece's bailout and the disbursement of new loans. Athens needs the funds to repay 7.5 billion euros of debt maturing in July. Tsipras has urged Greece's...

  • ATHENS, May 17- Thousands of Greeks walked off their jobs on Wednesday and marched through central Athens in an angry protest against continued austerity measures being demanded by international lenders in exchange for disbursing bailout funds. The strike was called by the country's main public and private sector unions a day before Greece's parliament is...

  • ATHENS, May 17- Thousands of Greeks walked off their jobs on Wednesday and marched through central Athens in an angry protest against continued austerity measures being demanded by international lenders in exchange for disbursing bailout funds. The strike was called by the country's main public and private sector unions a day before Greece's parliament is...

  • ATHENS, Greece— The Latest on Greece's general strike:. Nearby, protesting police officers blocked the entrance to a Finance Ministry building. They are protesting new austerity measures to be imposed beyond the end of Greece's third bailout next year.

  • ATHENS, May 17- Thousands of Greeks walked off their jobs and marched through central Athens on Wednesday protesting against additional austerity measures being demanded by international lenders in exchange for disbursing scheduled bailout funds. The strike was called by the country's main public and private sector unions a day before Greece's...

  • ATHENS, Greece— An anti-austerity rally in Greece's capital turned violent Wednesday as a general strike halted flights, ferries and public transportation, and thousands joined protest marches across the country. A small group of protesters threw gasoline bombs and fired flares at riot police after the marches ended in Athens. Thousands of protesters were...

  • *Greece to dip a toe in bond market. ATHENS/ LONDON May 16- Greece is eyeing its first sovereign bond issue in three years as early as July if its international lenders specify longer term debt relief for the country, and the European Central Bank includes it in its bond-buying programme. Greece's last venture onto international bond markets was with two issues in...

  • The seamen's union announced Tuesday afternoon they would extend their strike, originally planned to last 48 hours, for a further two days, leaving ferries servicing Greece's islands tied up in port until midnight Friday night. Air traffic controllers have declared participation with a four-hour work stoppage, leading to the rescheduling of 99 flights and...

  • Xi told Prime Minister Alexis Tsipras that Greece was an important part in China's new Silk Road strategy. Greek infrastructure development group Copelouzos has signed a deal with China's Shenhua Group to cooperate in green energy projects and the upgrade of power plants in Greece and other countries, the Greek company said on Friday. Its biggest shipping...

  • *IMF: Europe must be clearer over debt relief for Greece. BARI, Italy, May 12- Finance chiefs from many of the world's leading rich nations pressed the United States on Friday not to break a decades-long global consensus in areas such as trade and financial regulation criticised by U.S. "We need a strong United States to lead the global economy and global politics in a...

  • BARI, Italy, May 12- The International Monetary Fund and euro zone government lenders need more time to reach an agreement on debt relief for Greece because the euro zone is still not sufficiently clear in its intentions, IMF chief Christine Lagarde said on Friday. Top euro zone officials and Lagarde met on Friday on the sidelines of a G7 finance ministers meeting...

  • *IMF says Europe must be clearer over debt relief for Greece. BARI, Italy, May 12- Finance chiefs from some of the world's richest nations began a two-day meeting in Italy on Friday, with Europe, Japan and Canada hoping to come away with a clearer picture of U.S. "We need a strong United States to lead the global economy and global politics in a sustainable way," said German...

  • LONDON, May 12- European government bond yields steadied on Friday after solid German growth numbers and comments from European Central Bank officials did little to fuel expectations for a reining in of the banks ultra-loose monetary policy soon. Yields on the euro zone's weaker borrowers like Italy, Portugal and Spain, were all also 1-3 basis points lower as...

  • ATHENS, May 11- The conclusion of Greece's second bailout review will help the country outperform a downwardly revised EU forecast for 2.1 percent growth this year, a government spokesman said on Thursday. After six months of wrangling, Greece reached a deal with its foreign lenders last week on reforms and spending cuts it needs to implement in the coming years,...

  • BARI, Italy, May 11- Top euro zone and International Monetary Fund officials will discuss debt relief for Greece early on Friday, on the sidelines of a meeting of G7 finance ministers and central bankers in the Italian city of Bari, officials said. The meeting is to help determine how euro zone lenders, who hold half of Greek public debt, should firm up their...