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  • ATHENS, Nov 21- Greece's government on Friday pushed ahead with plans for a near-balanced budget next year, ignoring objections from its international lenders who say Athens is set to miss its deficit forecast. The government and the European Union and International Monetary Fund have been at loggerheads over the projected 2015 deficit, with the lenders...

  • Tsakos meets 3Q profit forecasts Friday, 21 Nov 2014 | 9:09 AM ET

    ATHENS, Greece _ Tsakos Energy Navigation Ltd. on Friday reported profit of $5.2 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 4 cents per share. Analysts expected $86.8 million, according to Zacks.

  • StealthGas misses 3Q profit forecasts Friday, 21 Nov 2014 | 8:12 AM ET

    ATHENS, Greece _ StealthGas Inc. on Friday reported third-quarter profit of $1.6 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share. StealthGas shares have decreased 26 percent since the beginning of the year.

  • Greek budget forecasts strong growth next year Friday, 21 Nov 2014 | 6:48 AM ET

    ATHENS, Greece— Greece's government on Friday submitted its 2015 budget to Parliament, sticking with high-growth and low-deficit predictions that rescue lenders say are too rosy. The budget projects Greece's primary surplus— state income without taking into account interest payments on outstanding debt— will be 3 percent of gross domestic product.

  • DIARY - Top economic events to Dec 4 Thursday, 20 Nov 2014 | 7:01 PM ET

    WASHINGTON- Federal Reserve Board Governor Daniel Tarullo testifies on " Physical Commodities" before the Senate Homeland Security& Governmental Affairs permanent subcommittee on investigations in Washington- 1430 GMT. WASHINGTON- New York Federal Reserve Bank President William Dudley testifies to Senate Banking subcommittee on Financial...

  • Greek ex minister convicted over Swiss account Tuesday, 18 Nov 2014 | 4:03 PM ET

    ATHENS, Greece— A Greek former finance and defense minister has been convicted of failing to declare 1.2 million euros that his wife had placed in a Swiss bank account. An Athens court on Tuesday sentenced Yannos Papantoniou and his wife Stavroula Kourakou to four years each in prison and ordered them to pay fines of 10,000 euros respectively.

  • *Athens wants to exit bailout one year ahead of time. ATHENS, Nov 18- Greece is locked in tough negotiations with its foreign lenders, with "nerves stretched" on both sides, the finance minister warned on Tuesday, raising the temperature as Athens tries to exit an unpopular bailout programme. Inspectors from the European Union and the International Monetary Fund...

  • Yikes! Olive oil prices could soar on poor harvest Tuesday, 18 Nov 2014 | 11:47 AM ET
    Italy's 2014 olive harvest was declared by both producers and experts as the worst in history, due to adverse climatic conditions which helped the olive fly proliferate, thus destroying the olives before they could be harvested.

    If your favorite bottle of Mediterranean olive oil starts costing more, blame unseasonable European weather—and tiny insects.

  • Blighted harvest drives olive oil price pressures Tuesday, 18 Nov 2014 | 2:19 AM ET

    BEJA, Portugal— If your favorite bottle of Mediterranean olive oil starts costing more, blame unseasonable European weather— and tiny insects. High spring temperatures, a cool summer and abundant rain are taking a big bite out of the olive harvest in some key regions of Italy, Spain, France and Portugal. In Spain, the world's biggest producer, the young farmers'...

  • Battered, Greece faces years to recoup recession Saturday, 15 Nov 2014 | 6:58 AM ET

    Greece's recession— the economy shrank every year since 2008— was declared over on Friday. Hope is back, Greece is back. " Cardiologist George Vichas set up the Metropolitan Community Clinic three years ago to continue treating his patients who lost health insurance.

  • Greek minister: No elections in spring     Friday, 7 Nov 2014 | 4:00 PM ET

    Greek Minister of Public Works Vassilis Kikilias says the recent rise in Greece's interest rates is a warning the country can't undo reforms. With Michelle Caruso-Cabrera.

  • *Athens aims to exit euro zone bailout at end-2014. BRUSSELS, Nov 6- Euro zone finance ministers backed on Thursday a precautionary credit line for Greece after the country exits its bailout at the end of the year, in a bid to balance the need to reassure investors with the demands of domestic Greek politics. After two international bailouts totalling 240 billion...

  • BRUSSELS, Nov 6- Euro zone finance ministers will consider three options on Thursday for what happens after Greece exits its bailout at the end of the year, seeking to balance the need to reassure investors with the demands of domestic Greek politics. After two international bailouts totalling 240 billion euros since 2010, when private investors refused to...

  • GREEK FINANCE MINISTER TELLS REUTERS ATHENS EXPECTS 6-12 MONTHS OF "INTERIM PERIOD" OF NEW RELATIONSHIP WITH EU/IMF AFTER BAILOUT EXIT AT YEAR-END.

  • *Greece spells out post-bailout hopes. ATHENS, Nov 5- Greece expects an interim period of up to a year of limited EU/IMF supervision when it quits its bailout programme at the end of the year, without the current "micro-management" by lenders, the finance minister told Reuters on Wednesday. The comments by Gikas Hardouvelis in his office overlooking Syntagma...

  • GREEK FINMIN SAYS ATHENS TO BE SET 10-15 REFORM BENCHMARKS IN INTERIM PERIOD, REPLACING CURRENT EU/IMF "MICROMANAGEMENT".

  • ATHENS, Nov 4- Alexis Tsipras, leader of Greece's far-left Syriza party, recently traveled to Frankfurt and Rome to meet European leaders. He is softening his confrontational tone with Greece's international lenders. Syriza, once a fringe far-left movement, is now the most popular party in Greece, representing the many voters who feel punished by the country's...

  • LONDON, Nov 3- Greek bond yields rose on Monday after a senior European Union official said Athens was "highly unlikely" to end its bailout programme without some new form of assistance that will require it to meet targets. Faced with the growing popularity of the anti-bailout Syriza party, Athens had voiced its intention to make an early exit from the strict...

  • ECB tests tougher than expected: Cyprus minister Monday, 27 Oct 2014 | 8:25 AM ET
    Cyprus Finance Minister Haris Georgiades

    The ECB’s “stress” tests were stricter than forecast, Cyprus’s finance minister told CNBC, after three Cypriot banks failed the check.

  • *Expectations for a "big bang" style revamp not high in Europe. *Market expects a handful of failures from Europe's stress tests. But expectations for a "big bang"- style restructuring of the banking sector are low, given the political sensitivities at play, and instead the market is factoring in just a handful of failures out of the 130 banks set to be tested, with a few...