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  • 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...

  • 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...

  • *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...

  • 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...

  • 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...

  • "I believe there are no problematic areas in the issue of bilateral cooperation between Germany and Hungary," Orban said Friday on state radio. The relationship with Germany is key to Budapest: Germany is by far Hungary's largest trading partner, accounting for around 25 percent of its foreign trade. For its part, Germany has considered Hungary an important...

  • PARIS, Jan 29- France and Germany must work more closely together to boost growth in Europe, French Economy Minister Emmanuel Macron said on Thursday, warning of the twin risk of Germany's budget "fetishism" and French inertia. He said it should include joint European debt, an idea long supported by France but rejected by Germany. "The risk in France is inertia,...

  • Germans in shock as new Greek leader starts with a bang Wednesday, 28 Jan 2015 | 11:15 AM ET

    *Fiery Tsipras start challenges policy assumptions in Berlin. *Russia overtures deepen concerns over EU consensus on Ukraine. The move did not go unnoticed in Berlin.

  • Car industry heads lobby to drop tariffs between EU, US Wednesday, 28 Jan 2015 | 9:03 AM ET

    BERLIN, Jan 28- The heads of German car companies including BMW, Daimler and Audi lobbied politicians on Wednesday to reach a trade deal that could see tariffs dropped between the United States and the European Union. BMW boss Norbert Reithofer said around 40 percent of all cars produced are sold in Europe and the United States. Carmakers waste resources...

  • President Barack Obama and German Chancellor Angela Merkel expressed their concern about Russia's role in rising violence in eastern Ukraine in a phone call late on Tuesday and agreed on the need for funds to stabilise the Ukrainian economy. The White House said both leaders were worried about " Russia's materiel support for the separatists" and its failure...

  • German consumer confidence at 13-year high Wednesday, 28 Jan 2015 | 3:21 AM ET

    BERLIN— German consumer confidence is at a 13- year high, buoyed by a rise in disposable income due to collapsing fuel and heating oil costs, a closely-watches survey showed Wednesday. Chancellor Angela Merkel's spokesman Steffen Seibert said Germany's robust labor market was one of the main causes behind the increase. Germany's economy, Europe's largest,...

  • LONDON, Jan 26- When Mario Draghi announced the European Central Bank's trillion-euro scheme to buy government bonds, he acknowledged that in the round of strategies to revive inflation and boost the economy, the bank had just played its last hand. Asked by reporters what would happen if the plan to purchase 60 billion euros of assets a month for 19 months failed,...

  • LONDON, Jan 26- The euro and European shares and bonds shook off worries on Monday over Greek election winner Syriza's pledge to take on international lenders, a strong sign of confidence in the ECB's new money-printing program. Weakness in European shares lasted only for about two hours, although the main Athens index fell and Greek bond yields rose.

  • *Historic victory sets new challenge for Europe. ATHENS, Jan 26- Greek leftwing leader Alexis Tsipras struck a deal with a right-wing party to form a government to confront international lenders and reverse years of painful austerity following a crushing election victory by his Syriza party. There is an agreement in principle, " Panos Kammenos said after talks...

  • Drone crashes at White House; hobbyist says it's his Monday, 26 Jan 2015 | 4:51 AM ET

    WASHINGTON— A small drone flying low to the ground crashed onto the White House grounds before dawn Monday, triggering a major emergency response and raising fresh questions about security at the presidential mansion. Secret Service spokesman Brian Leary said the man had been interviewed by Secret Service agents and was cooperating with the investigation.

  • *Syriza victory in Greece stokes concerns over Europe instability. Syriza leader Alexis Tsipras promised Greeks on Sunday that the five years of austerity imposed under bailout programmes worth 240 billion euros from the European Union and the International Monetary Fund were over. Expectations that a compromise can be reached between Athens and its...

  • To avoid being called a party to the conflict, as Ukraine and the West see it, Russia is pushing the Ukrainian government to speak directly to the rebels. "is not even an army, it's a foreign legion, in this case a NATO foreign legion," Putin said, adding that it's serving the goal of "the geopolitical containment of Russia, which absolutely don't coincide with the...

  • ATHENS, Jan 26- Greek leftwing leader Alexis Tsipras will move on Monday to build a stable government that can take on international lenders and reverse years of painful austerity following a crushing election victory by his Syriza party. Syriza won 149 seats in the 300- seat parliament in Sunday's election, two short of an absolute majority, but the result...

  • ATHENS, Jan 25- Greece's leftwing Syriza appeared on course to trounce the ruling conservatives in Sunday's snap election and could win the absolute majority it wants to fight international creditors' insistence on painful austerity measures. While a final result may not come for hours, 40- year-old Syriza leader Alexis Tsipras was set to become prime...