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Greece

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  • PARIS, Feb 1- France said on Sunday it was ready to help Greece's new government find an agreement with international partners, adding that it was legitimate for Athens to be worried about the burden of its debt and seek to alleviate it. "Yes, debt is an issue, among others," French Finance Minister Michel Sapin told a joint news conference after talks in Paris with his...

  • ATHENS, Feb 1- Greece's leftist government on Sunday began its drive to persuade a sceptical Europe to accept a new debt agreement while it starts to roll back on austerity measures imposed under its existing bailout agreement. After a turbulent first week in office, the new government has made clear it wants to end the existing arrangement with the European...

  • PARIS— France's Socialist government offered support Sunday for Greece's efforts to renegotiate debt for its huge bailout plan, amid renewed fears about Europe's economic stability. Varoufakis insisted that Greece wants to pay the money back, but said he wants new terms and new negotiating partners, arguing that "it's not worth" discussing with the so-called "...

  • PARIS, Feb 1- Greece has no future outside the euro but it is legitimate for the country to want to discuss ways to reduce the weight of its debt, French Finance Minister Michel Sapin said ahead of a meeting with his Greek counterpart Yanis Varoufakis on Sunday. There is no future for Greece outside the euro, "Sapin said on French TV station Canal Plus.

  • In fewer than seven days, Prime Minister Alexis Tsipras's administration in Athens has halted several planned privatisations, started debt relief talks, took European partners to task over Russian sanctions and held a tough line with the first euro zone official to visit the country after last Sunday's elections. Athens finally ended the week on a...

  • BERLIN, Feb 1- A majority of Germans favour Greece remaining in the euro zone despite its new leftist government in Athens rejecting austerity, a poll for newspaper Bild am Sonntag showed on Sunday. The new government in Athens made clear from its first day in power last week that it would not back down on its election pledge to abandon the austerity policies...

  • In fewer than seven days, the new administration in Athens has halted several planned privatisations, started talks with European partners over debt forgiveness and held a tough line with the first euro zone official to visit the country after last Sunday's elections. Athens has also taken European partners to task over sanctions against Russia.

  • *Meetings in Paris, London, Rome planned. ATHENS, Jan 31- New Greek Prime Minister Alexis Tsipras, striking a conciliatory note on debt talks after a turbulent start to office, has called the European Central Bank chief to assure him that Athens was seeking an agreement. But facing growing disquiet from partners led by Germany, Tsipras rang European Central Bank...

  • Greek leader tamps down rhetoric, vows to pay off debts Saturday, 31 Jan 2015 | 1:06 PM ET

    ATHENS, Greece— A day after Greece appeared on a collision course with its creditors, new radical left Prime Minister Alexis Tsipras has tamped down the rhetoric by vowing to pay off debts and not act unilaterally. He also pledged to pay back Greece's debt to the European Central Bank and the International Monetary Fund, which, along with the European Commission,...

  • Germany, ECB play hard ball with Greece Saturday, 31 Jan 2015 | 9:01 AM ET

    *Merkel rejects a further debt haircut for Greece. BERLIN/ HELSINKI, Jan 31- German Chancellor Angela Merkel ruled out a debt writedown for Greece on Saturday, and a European Central Bank policymaker threatened to cut off funding to Greek banks if Athens does not agree to renew its bailout package. Alexis Tsipras has also promised to renegotiate agreements with...

  • PARIS/ ATHENS, Jan 31- Greek finance minister Yanis Varoufakis will meet with his French counterpart Michel Sapin in Paris on Sunday, the French finance ministry said on Saturday. Late on Friday, a source close to the French president's office told Reuters that President Francois Hollande and German Chancellor Angela Merkel "agreed that it is important to...

  • PARIS/ ATHENS, Jan 31- Greek finance minister Yanis Varoufakis will meet with his French counterpart Michel Sapin in Paris on Sunday, the French finance ministry said on Saturday. The meeting will take place at 5 p.m. local time on Sunday and the two ministers will make a joint statement to media at 6.30 p.m., the ministry said in a statement. No one at the Greek finance...

  • HELSINKI, Jan 31- A deal on extending Greece's bailout deal must be found by the end of February or the European Central Bank will not be able to continue lending to its banks, ECB council member Erkki Liikanen said on Saturday. Europe's bailout programme for Greece, part of a 240- billion-euro rescue package along with the International Monetary Fund, expires on...

  • BERLIN, Jan 30- Germany's Finance Ministry denied on Friday a media report that Berlin would be ready to discuss a new aid package for Greece of up to 20 billion euros if the new leftist Greek Prime Minister Alexis Tsipras accepted supervised economic reforms. The report in Der Spiegel magazine that Germany estimated Greece's additional aid needs at about 20...

  • ATHENS, Jan 30- The new leftwing government in Athens opened negotiations on its bailout package with European partners on Friday by flatly rejecting the expected extension of the programme and the international inspectors overseeing it. But the hour-long meeting appeared to do nothing to bridge the gap between Prime Minister Alexis Tsipras' government...

  • LONDON/ ATHENS, Jan 30- While Greece's new leftist government seems set on a collision course with the European Union, it is likely to steer clear of confronting the country's critical shipping industry. The Syriza party of Prime Minister Alexis Tsipras, which swept to power last Sunday, once promised to take on shipowners and their generous tax allowances.

  • BERLIN, Jan 30- Discussion about a debt reduction for Greece is not in tune with reality and Greece can only get an extension of its aid program if it is prepared to uphold the promised reforms, a spokesman for the German finance ministry said on Friday. "The reality is simple- at the end of February an aid program expires which in order to have an orderly ending, needs...

  • ATHENS, Greece— Greece and its European bailout creditors were in open dispute Friday, with Germany bluntly rejecting suggestions the heavily-indebted country should be forgiven part of its rescue loans and warning against "blackmail" from Athens. "We are prepared to offer all cooperation and solidarity," he said, but only if Greece abides by its agreements,...

  • Germany's DAX, up 0.3 percent, outperformed the pan-European index after data showing German retail sales increased for a fifth consecutive year in 2014, rising by 1.4 percent in real terms, reflecting the buoyant mood among consumers in Europe's largest economy. "Retail sales in Germany and Spain, as well as consumer spending in France, are above expectations.

  • Jürgen Matthes, international director at Cologne Institute for Economic Research, says that if Greece accepts Russian financial aid it will create a "major diplomatic irritation".