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  • ATHENS, April 25- Greece's governors and other local officials agreed on Saturday to lend cash to the near-bankrupt central government after Prime Minister Alexis Tsipras assured them the measure would last for only a short period of time. The measure, which was approved by 156 lawmakers in the 300- seat chamber, caused an outcry by local governors, who met Prime...

  • Germany hints at preparations of a Plan B on Greece Saturday, 25 Apr 2015 | 8:37 AM ET

    *Greece under pressure to deliver reform list to creditors. At a briefing with reporters after a tense meeting of euro zone finance ministers on Greece on Friday, Schaeuble was asked if euro zone finance ministers were working on a "Plan B" in case negotiations on funding with cash-strapped Athens fail. At the ministers' meeting on Friday, Greece was sharply...

  • *Greece's Varoufakis mainly alone, skips gala dinner. Greece's Yanis Varoufakis had other dinner plans, he said, after a bruising first day of meetings in Riga that underlined his isolation as he tries to avert national bankruptcy. While other ministers were feted by their entourages with food and warm clothing during the meeting in Riga, Varoufakis was seen...

  • ZURICH, April 25- UBS's chairman said a default by Greece is seen by the International Monetary Fund as "systemically controllable" and he believed it would have a negligible impact on the Swiss bank itself, according to a newspaper interview published on Saturday. In an interview with Neue Zuercher Zeitung, the chairman of Zurich- based UBS, Axel Weber, addressed...

  • Greece's Yanis Varoufakis was rebuked for failing to come up with a list of economic reforms, which are needed so Greece can get money it needs to stay solvent and avoid a potential exit from the euro. Just two months ago, Greece secured an agreement from the eurozone to get the remaining money in its bailout fund— 7.2 billion euros— but only if it came up with mutually...

  • Kotzias said Greece and its euro zone partners need to compromise on creating political policies that will foster growth and allow the country to pay its debts. Asked if he is simply asking the rest of Europe to trust Greece, he said: "No. "Do they want to support us to have growth... or do they decide to have Greece struggle, to punish Greece and to create an example of what...

  • ATHENS, April 24- Greece's parliament on Friday approved a decree forcing state entities to lend cash to the near-bankrupt state, defying protests by municipalities and labor unions. Just weeks away from running out of cash, Athens has been tapping into the cash reserves of public sector entities through so-called repo transactions to cover its needs.

  • *Euro gains dwindle as Greece gets aid warning. NEW YORK, April 24- Data showing a seventh straight monthly decline in U.S. business spending plans knocked the dollar lower on Friday and gave Federal Reserve policymakers even less reason to raise near-zero interest rates any time soon. The euro backed away from a two-week high against the dollar after euro zone...

  • *Electrolux and Renault advance after results. LONDON, April 24- European shares rose on Friday, boosted by encouraging corporate earnings and upbeat economic data, while prospects for a deal over Greece's debt crisis also lifted Athens' volatile market. There was also cautious optimism on Greece after German Chancellor Angela Merkel expressed hope that a...

  • *Electrolux and Renault, rise after results. LONDON, April 24- European shares rose on Friday, boosted by encouraging corporate earnings and upbeat economic data, while prospects for a deal over Greece's debt crisis also lifted Athens' volatile market. There was also optimism regarding Greece, after German Chancellor Angela Merkel said she had had a "...

  • *Eurogroup urges Greece to speed up reform deal for cash. RIGA, April 24- Euro zone finance ministers delivered a stark warning to Greece on Friday that its leftist government will get no more aid until it agrees a complete economic reform plan, as Athens lurches closer to bankruptcy. He also said a remaining 7.2 billion euros in frozen bailout funds would no longer...

  • *Euro retreats as little breakthrough made on Greece. LONDON, April 24- The euro retreated from a two-week high against the dollar on Friday as lingering hopes that cash-strapped Greece was making progress toward securing fresh funding were dashed. Jeroen Dijsselbloem, the chairman of the euro zone finance ministers, said Greece still needs to deliver a list of...

  • European shares rise as DAX and Greek markets rally Friday, 24 Apr 2015 | 6:07 AM ET

    *Electrolux and Renault, rise after results. LONDON, April 24- European shares climbed higher on Friday, boosted by encouraging corporate earnings and upbeat economic data, while the volatile Athens market also rose on prospects for a deal over Greece's debt crisis. There was also optimism regarding Greece, after German Chancellor Angela Merkel said she had a "...

  • *Europe lifted by earnings, Greece optimism. LONDON, April 24- Global equity markets rode to new all-time highs on Friday, with positive corporate updates in Europe and a post-dotcom-boom peak for the U.S. There were also some positive signs from previously deadlocked negotiations between Greece and its international creditors, with Athens offering...

  • *Varoufakis says Athens willing to consider tax commission. RIGA, April 24- Greece offered some concessions on Friday on reforms demanded by international lenders in return for new funding before Athens runs out of money, but euro zone creditors said negotiations needed to speed up to get a deal by June. Merkel, in a comment seen as underlining the determination...

  • RIGA, Latvia— Greece remains at loggerheads with its European creditors on an economic reform program required to unlock bailout loans the country will need to avoid defaulting in coming months and crashing out of the euro. Just two months ago, Greece secured an agreement from the eurozone to get the remaining money in its bailout fund— 7.2 billion euros— but only...

  • This professor still thinks 'Grexit' will occur   Thursday, 23 Apr 2015 | 8:14 PM ET
    This professor still thinks 'Grexit' will occur

    Despite rapidly running out of cash, Greece continues to alienate its "friends" in the euro zone, says Stefan Auer, associate professor in European Studies at the University of Hong Kong.

  • Cramer Remix: And then there were three... Thursday, 23 Apr 2015 | 7:03 PM ET
    Jim Cramer on Mad Money.

    “Mad Money” host Jim Cramer’s revealing the triple threat in this market.

  • What's holding back a Greek bailout deal   Thursday, 23 Apr 2015 | 6:36 PM ET
    What's holding back a Greek bailout deal

    Fariborz Moshirian, director of the Institute of Global Finance and Professor of Finance at the University of New South Wales Business School, says Greece isn't providing details about labor and pension reforms.

  • Cramer: Insanely easy to own this stock right now Thursday, 23 Apr 2015 | 6:31 PM ET
    A menu sits on a table at a Cheesecake Factory restaurant in Louisville, Ky.

    Jim Cramer is salivating over this stock and how easy it is to own in the current market environment.