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  • WASHINGTON, May 23- Greece needs "up-front, unconditional" debt relief and a sharply lower budget surplus target to make its bailout viable and its debt sustainable over the long term, International Monetary Fund staff said on Monday. The new analysis was released a day before European finance ministers meet on Tuesday to review Greece's bailout and discuss the...

  • Protesters shout slogans during a demonstration against a new package of tax hikes and reforms in front of the parliament building in Athens, Greece, May 22, 2016.

    The IMF said Monday that Greece's budget surplus and growth targets for its bailout program are unrealistically high and should be revised downward.

  • Protesters shout slogans during a demonstration against a new package of tax hikes and reforms in front of the parliament building in Athens, Greece, May 22, 2016.

    European leaders are again scrambling to revive Greece's economy, as Athens faces more debt payments it can't afford.

  • WASHINGTON, May 23- The International Monetary Fund said on Monday that Greece's current budget surplus and growth targets for its bailout program are unrealistically high and should be revised downward, and Greece's debt needs to be restructured. The new analysis was released a day before European finance ministers meet on Tuesday to review Greece's...

  • ATHENS, Greece— Alexis Tsipras doesn't wear a tie, but a growing number of his critics do. Effectively, no one in Greece can get a divorce, inherit property, sue for wrongful dismissal, or carry out any transaction that requires court approval. More than 200,000 trials have been postponed in Athens alone.

  • BRUSSELS, May 23- After a six month delay, the euro zone is likely to say on Tuesday that Greece has passed the reforms needed to unblock 10 billion euros in new loans, but Athens won't get debt relief because of differences between the bloc and the IMF. It also approved contingency measures that would kick in automatically if Greece were to miss its primary surplus...

  • *Cost of insuring Greece against default tumbles. LONDON, May 23- Greek government borrowing costs fell to a six-month low on Monday after Athens agreed a series of reforms that should pave the way for an agreement on bailout loans and debt relief talks this week. "It seems to all be falling into place for Greece," Commerzbank strategist Rainer Guntermann said.

  • *Athens market up on new Greek govt reforms. LONDON, May 23- The Greek bourse outperformed weaker European stock markets on Monday, after Athens agreed a series of reforms that should pave the way for an agreement on bailout loans and debt relief talks. "The unlocking of more emergency loans for Greece has given some reassurance to investors concerning the country,"...

  • *Cost of insuring Greece against default tumbles. LONDON, May 23- Greek government borrowing costs fell to a six-month low on Monday after Athens agreed a series of reforms that should pave the way for an agreement on bailout loans and debt relief talks this week. Lawmakers in Athens approved a series of measures including tax increases and a contingency...

  • ATHENS, Greece— A lawmaker with Greece's governing Syriza party has resigned after rejecting parts of a new austerity package in a weekend vote, in a move that doesn't affect the government's majority in parliament. Vassiliki Katrivanou voted against elements of the painful new creditor-demanded cutbacks and reforms in Sunday's ballot in the 300- seat...

  • Athens hopes the measures, two days before a key euro zone finance ministers meeting, will help it unlock the funds it needs to pay IMF loans, ECB bonds maturing in July and increasing state arrears. The coalition voted in favour of the reforms with only one MP against some articles on the new privatisation fund and a contingency mechanism of spending cuts that...

  • There was one small dent in the left-led government majority of 153 lawmakers in the 300- member Parliament, with one Syriza party MP voting against the superfund and the contingency mechanism that will trigger automatic spending cuts if Greece fails to meet the targets of its bailout agreement with its creditors. Greece now hopes the creditors will...

  • CAIRO— The Latest on the crash of EgyptAir Flight 804:. One theory is that a bomb could have been placed in the plane while it was on the tarmac in Paris, or at its previous stops in Cairo or Tunis, although there is no evidence so far of a bomb being aboard the flight that crashed Thursday into the Mediterranean while flying from Paris to Cairo. Sylvain Prevost, who trains...

  • CAIRO— Leaked flight data showing trouble in the cockpit and smoke in a plane lavatory are bringing into focus the chaotic final moments of EgyptAir Flight 804, including a three-minute period before contact was lost as alarms on the Airbus 320 screeched one after another. Egypt is leading a multi-nation effort to search for the plane's black boxes— the flight...

  • *Greece in focus ahead of parliamentary vote on reforms. "European government bonds are insulated a lot from the concerns about the Fed because the ECB has made it clear it is not going to be hiking in the coming couple of years and the asset purchase program keeps yields and spreads compressed," said Chris Scicluna, head of economic research at Daiwa Capital...

  • LONDON, May 20- German Bund yields were on track for their biggest weekly rise in a month on Friday amid renewed talk of a U.S. interest rate hike, but lack of conviction about an imminent move held investors back from pushing yields sharply higher. Treasury yields to two-month highs dragged German 10- year bond yields- the benchmark in Europe- to two-week highs on...

  • Must Read: Sanders on Clinton ticket

    The "Worldwide Exchange" crew discusses some of the morning's top attention-grabbing headlines, including a piece in the Wall Street Journal written by Peggy Noonan titled, "Clinton-Sanders: Maybe that's the ticket."

  • CAIRO— The Latest on the crash of EgyptAir flight 804:. A French judicial official says French aviation investigators have begun to check and question all ground staff at the Charles-de-Gaulle airport who had either a direct or an indirect link to EgyptAir Flight 804, which took off Wednesday night from Paris and crashed into the Mediterranean.

  • Greeks demonstrate in Athens coping the Nuis Debout movement in France, calling for general disobedience against austerity in Greece.

    Eurogroup president Jeroen Dijsselbloem said on Friday that he believed Greece and its creditors could ink a debt relief deal next week.

  • Can try to reduce cost of Greek loans: Dijsselbloem

    Eurogroup president, Jeroen Dijsselbloem tells CNBC how Greece has done a lot of work on its reforms, and now Europe will support the country with its debt sustainability.