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  • *Greece must get bailout extension, discuss reforms with its lenders. BRUSSELS, Jan 26- Europe showed a willingness on Monday to give Athens more time to pay its debts, but little sign that it would yield to a new Greek government's demands for debt forgiveness. Before any talks on more time for Greece to repay its debts can start, Athens must get an extension of its...

  • BRUSSELS— The stunning election in Greece of a radical anti-austerity party raises new uncertainties for the eurozone, but the initial impression is that a compromise deal over the country's debt can be forged to avert a chaotic exit from the euro. Financial markets took in their stride on Monday the victory of the left-wing Syriza party after several leaders...

  • EU blacklists Sri Lanka over illegal fishing Monday, 26 Jan 2015 | 6:40 AM ET

    BRUSSELS— The European Union has blacklisted Sri Lanka for failing to combat illegal fishing, officially banning imports of fisheries products from Sri Lanka- flagged vessels into the EU. Officials said Monday that the decision to put Sri Lanka on the list was taken by EU fisheries ministers at their regular talks in Brussels. The EU already warned Sri Lanka...

  • EU open to Greek debt extension, not forgiveness Monday, 26 Jan 2015 | 5:46 AM ET

    BRUSSELS, Jan 26- Europe showed a willingness on Monday to give Athens more time to pay back its debts, but little sign that it would yield to a new Greek government's demands of debt forgiveness. European Union leaders and policymakers responded to Greek anti-bailout party Syriza's election victory on Sunday with warnings that a debt restructuring for Greece...

  • Belgium sees some room to discuss Greek debt program Sunday, 25 Jan 2015 | 4:37 PM ET

    BRUSSELS— Britain's Conservative Prime Minister David Cameron predicted that the election victory of Greece's radical left-wing Syriza party would create "economic uncertainty" across Europe, while left-of-center parties welcomed the results as a message that the European Union should change its economic policy. Johan Van Overtveldt said on the eve of a...

  • Should the euro zone really fear demon deflation? Sunday, 25 Jan 2015 | 4:00 AM ET

    *Euro zone inflation negative in Dec for first time in 5 years. BRUSSELS, Jan 25- If the multi-billion dollar consumer electronics industry can function fine with constantly falling prices, why is deflation in the broader economy such a threat? European Central Bank policymakers have repeatedly warned of the risk of being drawn into a prolonged downward price...

  • Euro zone bond yields hit new record lows after the European Central Bank unveiled its QE programme- just what the doctor, or at least ECB chief Mario Draghi, ordered. While the composition of a new coalition government may not be quickly known, the prospect of a strong showing for the far-left Syriza party raises the spectre of a clash between Athens on the one hand...

  • FRANKFURT, Jan 23- ECB chief Mario Draghi's 1 trillion euros of fresh money could prove the masterstroke that saves the euro zone for now, but it breaks the principle that the bloc acts as one, a move that could ultimately undermine the currency he is trying to save. In monthly 60 billion-euro installments from March, the European Central Bank will buy chiefly...

  • BRUSSELS, Jan 23- Greece will have to ask for a new extension to its euro zone bailout programme before 1.8 billion euros in pending aid can be paid, a senior euro zone official said on Friday, stressing that a new government must first be in place to do so. Although the International Monetary Fund will continue to back Athens, the country needs to be under an European...

  • FLORENCE, Italy, Jan 23- The European Central Bank's bond-buying program must not be used as a justification by euro zone governments to slacken economic reforms, German Chancellor Angela Merkel said on Friday. "I don't have the impression that the decision by the European Central Bank could lead to Italy saying' we don't need to reform anymore'.

  • BRUSSELS, Jan 23- EU finance ministers will discuss on Tuesday offering additional money to help save Ukraine from bankruptcy, potentially increasing its original plan to as much as 2.5 billion euros, diplomats told Reuters. Ukraine, fighting a costly war against pro-Russian separatists, is relying on a lifeline from the International Monetary Fund...

  • BRUSSELS, Jan 23- The European Union will discuss on Tuesday increasing the bloc's emergency aid to Ukraine to as much as 2.5 billion euros, more than the 1.8 billion euros already proposed by the European Commission, diplomats said. EU finance ministers will consider raising the amount at their meeting in Brussels. The medium-term loans would be for this year...

  • PARIS, Jan 22- France and Austria sought on Thursday to break deadlocked talks with nine other European countries over a financial transaction tax, by proposing that it be applied to a wide range of transactions but at low rates from next year. The tax, first proposed in the 1970 s to penalise currency speculators, was seized on by France and Germany in 2012 as a...

  • DAVOS, Switzerland, Jan 21- Ukrainian President Petro Poroshenko accused Russia on Wednesday of sending 9,000 troops to back separatist rebels in the east of his country, and the IMF chief said she backed extra financial help for Kiev as the conflict inflicts severe economic damage. However, he won support from NATO, which said the amount of heavy military...

  • A look at Greece's debt debate before elections Wednesday, 21 Jan 2015 | 12:17 PM ET

    ATHENS, Greece— Greece goes to the polls Sunday with voters given a tough choice over how to handle the country's debt after six years of recession badly weakened its economy. Although Greece reached a major restructuring deal with private creditors three years ago, its economy has shrunk by a quarter during the recession to an annual output of 188 billion euros,...

  • LONDON, Jan 21- The European Union's plan to build a capital market union will not include a super-regulator for markets in the same way the European Central bank now supervises top euro zone lenders, a senior EU official said on Wednesday. The comment will assuage concerns in Britain, the bloc's biggest securities market, that a push by Brussels for a new, more...

  • PARIS— Reeling from the Paris terror attacks, France announced broad new measures to fight homegrown terrorism like giving police better equipment and hiring more intelligence agents, as European officials sought to strike the right balance between rushing through tough counterterrorism laws and protecting treasured democratic rights.

  • ATHENS, Jan 21- After four years of economic sacrifices, Greece bet it could agree an early end to its international bailout. Greece triggered the regional financial crisis in 2009 when a far higher budget deficit than previously calculated emerged. The collapse of talks in Paris on Nov. 26 set off a month-long sequence of events leading to elections next week and...

  • *China data, German ZEW and QE hopes boost sentiment. LONDON, Jan 20- European shares climbed to a new seven-year high on Tuesday after data showed China's economic growth had slowed less than feared and expectations grew that the European Central Bank would launch a quantitative easing programme later this week. "A slowdown in China seems to be at a very moderate...

  • China data, German ZEW and QE hopes boost sentiment. LONDON, Jan 20- European shares climbed to a new seven-year high on Tuesday after data showed China's economic growth had slowed less than feared and expectations grew that the European Central Bank would launch a quantitative easing programme later this week. "A slowdown in China seems to be at a very moderate...