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  • Here's how things look now: The left-wing party, Syriza, holds power in Athens. Greece actually did miss a loan payment to the International Monetary Fund late Tuesday. Part of the calm reflects hope that Greece ultimately will reach a deal with its creditors and that Greeks will vote Sunday to accept their demands and keep the euro. Improving economic conditions...

  • DIARY- Top Economic Events to July 15 Thursday, 2 Jul 2015 | 12:00 AM ET

    LONDON- Bank of England's Andrew Gracie speaks at financial services cyber security conference- 0805 GMT. MILAN, Italy- European Central Bank President Mario Draghi to give opening remarks at T2S launch celebration- 1510 GMT. MILAN, Italy- European Central Bank Executive Board member Yves Mersch to give closing remarks at T2S launch celebration- 1700 GMT.

  • Robot kills man at Volkswagen plant in Germany Wednesday, 1 Jul 2015 | 4:03 PM ET

    BERLIN— A robot has killed a contractor at one of Volkswagen's production plants in Germany, the automaker said Wednesday. The man died Monday at the plant in Baunatal, about 100 kilometers north of Frankfurt, VW spokesman Heiko Hillwig said. The 22- year-old was part of a team that was setting up the stationary robot when it grabbed and crushed him against a metal...

  • FRANKFURT, July 1- Euro zone central bank chiefs kept their existing cap on a funding lifeline to Greece in place on Wednesday, the ECB said, a move that keeps pressure on Greece as its lenders run out of cash. As the central bankers gathered in Frankfurt, a defiant Prime Minister Alexis Tsipras urged Greeks to reject an international bailout deal, wrecking any...

  • WRAPUP 4-Greece's Tsipras digs in against bailout Wednesday, 1 Jul 2015 | 12:33 PM ET

    *Scepticism in euro zone about lending more to Greece. ATHENS/ BRUSSELS, July 1- A defiant Prime Minister Alexis Tsipras urged Greeks on Wednesday to reject an international bailout deal, wrecking any prospect of repairing broken relations with EU partners before a referendum on Sunday that may decide Greece's future in Europe. European Council President...

  • DUESSELDORF/ FRANKFURT, July 1- A German court reaffirmed on Wednesday that YouTube was only responsible for blocking copyright-infringing videos which had been brought to its attention, but the judicial panel said the Google video unit could do more to stop breaches. A spokesman for Google in Germany said it would wait until the court's detailed reasoning is...

  • Lufthansa eyes sale of Luxair stake Wednesday, 1 Jul 2015 | 11:19 AM ET

    LUXEMBOURG/ BERLIN, July 1- Lufthansa is considering selling its 13 percent stake in Luxair and has been in touch with other shareholders, including the Luxembourg government, to discuss the matter. Luxembourg infrastructure minister Francois Bausch said in a public session of parliament he had received a letter from Lufthansa stating the company's...

  • *Berlin plays down suggestion of policy rift with Paris. PARIS, July 1- France wants the euro zone to push for a deal with Greece before Sunday's referendum, President Francois Hollande said on Wednesday, in comments that differed sharply from those of German leaders. "It is our duty to keep Greece in the euro zone.

  • *Schaeuble says situation in Greece much worse since Tsipras. A day after Greece became the first advanced country to default to the International Monetary Fund, frustration in Berlin bubbled over, with politicians openly questioning whether they could negotiate in good faith with Tsipras if he survives a Greek referendum he has called for Sunday.

  • Media rights group sues German spy agency Wednesday, 1 Jul 2015 | 9:44 AM ET

    BERLIN— Media rights group Reporters without Borders says it is suing Germany's foreign intelligence agency, claiming that it spies on the organization's emails sent to foreign contacts in countries such as China or Uzbekistan. The Federal Administrative Court in Leipzig confirmed Wednesday that it had received and would now examine the suit filed by the...

  • REFILE-SPECIAL REPORT-How Greece went bust Wednesday, 1 Jul 2015 | 9:14 AM ET

    On the other sat President Francois Hollande of France; around were a handful of officials. In this modest Brussels setting last Friday morning, key players in the great Greek debt drama tried to avert a meltdown that could threaten the future of the euro and even the European Union. Merkel and Hollande made a final offer of billions of euros in aid for bankrupt...

  • FRANKFURT, July 1- The president of the European Central Bank defended reforms to Greece's pension and tax system agreed in the country's bailout in a letter sent to a lawmaker in Brussels and released on Wednesday. "The measures on the pension system have been designed to be progressive and they have been mostly applied mainly to pensions above 1,000 euros,"...

  • SPECIAL REPORT-How Greece went bust Wednesday, 1 Jul 2015 | 8:37 AM ET

    On the other sat President Francois Hollande of France; around were a handful of officials. In this modest Brussels setting last Friday morning, key players in the great Greek debt drama tried to avert a meltdown that could threaten the future of the euro and even the European Union. Merkel and Hollande made a final offer of billions of euros in aid for bankrupt...

  • *Skepticism in euro zone about lending more to Greece. ATHENS/ BRUSSELS, July 1- Prime Minister Alexis Tsipras has told international creditors Greece could accept their bailout offer if some conditions were changed, but Germany said it could not negotiate while Greece was headed for a referendum on the aid-for-reforms deal. With queues forming at many cash...

  • Google's YouTube loses appeal in German copyright case Wednesday, 1 Jul 2015 | 8:17 AM ET

    FRANKFURT, July 1- A German regional court has ruled that Google's video-sharing website YouTube must prevent users from posting material that infringes copyright law once such a video has been brought to its attention. In a case brought by German performing rights organization Gema, the regional court of Hamburg on Wednesday upheld the ruling of a lower...

  • *Markets rally as Greece cedes ground on creditor demands. *Unfazed after Greece misses IMF loan payment. Tsipras, who made his offer as Greece became the first advanced economy to default on the IMF overnight, said the country would want to delay some of the pension changes and cuts to military spending proposed by the creditors.

  • *Scepticism in euro zone about lending more to Greece. ATHENS/ BRUSSELS, July 1- Greek Prime Minister Alexis Tsipras has written to international creditors saying Greece could accept their last bailout offer if some conditions were changed, but Germany expressed scepticism while saying the door was still open for negotiations. German Chancellor Angela...

  • BRUSSELS, July 1- Greek Prime Minister Alexis Tsipras has written to international creditors saying Greece could accept a bailout offer published on June 28 if several conditions were changed, but Germany said the letter had come too late and did not go far enough. In exchange, Athens wants a 29 billion euro loan to cover all its debt service payments due in the...

  • *Shares up on report Greece ready to accept creditor terms. LONDON, July 1- European shares extended gains on Wednesday after a report saying that Greece was ready to accept most conditions from its international creditors to clinch a debt deal. The Financial Times, citing a letter Alexis Tsipras sent to the heads of the European Commission, the IMF and the...

  • Shares up on report Greece ready to accept creditor terms. LONDON, July 1- European shares extended gains on Wednesday after a report saying that Greece was ready to accept most conditions from its international creditors to clinch a debt deal. The Financial Times, citing a letter Alexis Tsipras sent to the heads of the European Commission, the IMF and the...