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  • A default could lead Greece out of the euro, the currency used by 19 of the European Union's 28 members. As Greece and its creditors— the other eurozone states, the International Monetary Fund, and European Central Bank— remain locked in talks, here are some questions and answers on what might happen next. A deal would help Greece meet most of its repayments this...

  • *Greece owes IMF 300 million euros this week. *France says cannot ask too much of Greece. Prime Minister Alexis Tsipras agreed in a telephone call with German Chancellor Angela Merkel and French President Francois Hollande on the need for an immediate solution to the long-running debt negotiations involving a lower primary budget surplus target for Greece, a...

  • ATHENS, Greece— Greece's Finance Ministry says it wants to grant a chunk of a recently-privatized Athens coastal plot earmarked for luxury development to be used as a municipal waste management facility. Deputy Finance Minister Nadia Valavani said Wednesday it was "necessary" to hand the 1.2- hectare area to municipalities surrounding the former Athens...

  • FRANKFURT, June 3- Europe has lost some growth momentum and bond market volatility is here to stay, the European Central Bank said on Wednesday, pledging to see through its money printing scheme until its job of lifting the economy is done. In remarks after the bank left rates on hold at record lows, ECB president Mario Draghi also urged a deal with Greece, which is...

  • NEW YORK, June 3- Wall Street moved higher on optimism an agreement was on the horizon surrounding Greek debt and data pointed to a rebound in the U.S. economy, while German debt yields climbed after comments from European Central Bank President Mario Draghi. Greece threatened to miss a loan repayment to the IMF this week, opening the way for possible default, just...

  • *ECB lifts 2015 inflation forecast. *Sees some loss of growth momentum. FRANKFURT, June 3- The European Central Bank raised its forecast for inflation this year but said on Wednesday there were some signs of economic recovery losing momentum across the euro zone.

  • Speaking at Beijing's elite Tsinghua University, Klaus Regling said the euro zone would make every effort to keep Greece in, but limited resources meant there had to be conditions for financial aid to Greece. Shut out of bond markets and with bailout aid locked off, Greece is running out of cash to pay its bills. Greece has to repay more than 6.5 billion euros in July...

  • FRANKFURT, June 3- European Central Bank President Mario Draghi is set to reaffirm his commitment to quantitative easing and may call on Greece to finally agree a fresh aid deal with its creditors after the ECB left interest rates on hold as expected on Wednesday. The ECB is also expected to confirm its growth forecasts, while Draghi will try to avoid getting...

  • BEIJING, June 3- The head of the European Stability Mechanism said on Wednesday that it was not easy to say how negotiations with Greece would end, days before Athens is due to make the first of four payments to the International Monetary Fund.

  • What to watch for from the ECB   Wednesday, 3 Jun 2015 | 7:30 AM ET
    What to watch for from the ECB

    Anthony O'Brien, co-head of European rates strategy at Morgan Stanley, says he will be watching for three key messages from today's ECB press meeting.

  • Tsipras' posturing aimed at Greek voters: Economist   Wednesday, 3 Jun 2015 | 7:05 AM ET
    Tsipras' posturing aimed at Greek voters: Economist

    Konstantinos Venetis, an economist at Lombard Street Research, says posturing over debt negotiations by Greek Prime Minister Alexis Tsipras is a tactic aimed at domestic voters.

  • Why Greece could erupt into complete chaos Wednesday, 3 Jun 2015 | 7:00 AM ET
    The Parthenon temple in Athens.

    Greece needs to get a deal done now—any deal—says Nicholas Economides, an NYU Stern professor and adviser to the Greek government.

  • *May final composite PMI 53.6. LONDON, June 3- Euro zone business growth lost a little momentum last month despite companies cutting prices, but unemployment has fallen across the bloc with firms taking on staff to meet existing demand. The deceleration in growth will be disappointing for the European Central Bank, which is expected to leave policy unchanged...

  • PRECIOUS-Gold under pressure on stronger dollar, shares Wednesday, 3 Jun 2015 | 6:11 AM ET

    LONDON, June 3- Gold eased on Wednesday even as the dollar recovered losses versus the euro ahead of a policy update from the European Central Bank, while prospects increased of a debt deal for Greece. Spot gold slipped 0.4 percent to $1,188.70 an ounce by 0959 GMT, while U.S. gold futures for August delivery fell $5.80 to $1,188.60 an ounce. Gold had risen 0.4 percent...

  • *Adidas rises after FIFA president resigns. *Market awaits ECB decision, news on Greece. LONDON, June 3- European shares edged higher on Wednesday, with supermarket groups Ahold and Delhaize advancing after media reports suggesting merger talks between the two could come to a successful conclusion as early as June.

  • *Ahold and Delhaize gain sharply on M&A report. LONDON, June 3- European shares edged higher on Wednesday, with supermarket groups Ahold and Delhaize advancing after media reports suggesting merger talks between the two could come to a successful conclusion as early as June. Shares in Ahold and Delhaize rose 3.6 percent and 6.3 percent respectively.

  • Euro zone inflation: Victory for Draghi?   Wednesday, 3 Jun 2015 | 4:00 AM ET
    Euro zone inflation: Victory for Draghi?

    John Wraith, fixed income strategist at UBS, says that the recent dramatic moves in bond yields and euro currency, demonstrates that euro zone is moving in the right direction.

  • European shares steady, Ahold and Delhaize rise sharply Wednesday, 3 Jun 2015 | 3:28 AM ET

    LONDON, June 3- European shares held steady on Wednesday, with supermarket groups Ahold and Delhaize advancing after media reports suggesting merger talks between the two could come to a successful conclusion as early as June. Shares in Ahold and Delhaize rose 2.6 percent and 5.1 percent respectively. Investors will also focus on Greece's debt talks and a...

  • ATHENS, June 3- Greece will not make a June 5 repayment to the International Monetary Fund if there is no prospect of an aid-for-reforms deal with its international creditors soon, the spokesman for the ruling Syriza party said on Wednesday. Greece owes a total of about 320 billion euros, of which about 65 percent to euro zone governments and the IMF, and about 8.7...

  • Greek leader heads to Brussels to defend deal proposal Wednesday, 3 Jun 2015 | 2:24 AM ET

    The European Union's executive Commission dampened expectations of a quick breakthrough, however, even though Greece is running out of cash and faces debt repayments as soon as Friday. Greece has been negotiating for four months with its creditors over what budget reforms it should make to get the 7.2 billion euros in loans that are left over in its bailout...