GO
Loading...

PIIGS

More

  • *Historic victory sets new challenge for Europe. ATHENS, Jan 26- Greek left-wing leader Alexis Tsipras on Monday agreed to team up with a right-wing party to form a new hardline, anti-bailout government determined to face down international lenders and end nearly five years of tough economic measures. The trouncing of conservative Prime Minister Antonis...

  • SINGAPORE, Jan 26- Gold climbed towards a five-month high on Monday as an electoral win by Greece's anti-austerity party sparked fears of renewed instability in Europe, triggering safe-haven demand for bullion. *Greek leftist leader Alexis Tsipras was set to become prime minister of the first euro zone government openly opposed to bailout conditions...

  • LISBON, Portugal— The fate of the European Central Bank's aggressive plan to stimulate the economy out of stagnation lies with the 340 million people in the 19- country euro alliance. The ECB plans to pump more than 1 trillion euros in new money into the region's economy. —Mario Polegato, billionaire chairman of Italian shoe company Geox SpA:.

  • DIARY- Top Economic Events to Feb 10 Friday, 23 Jan 2015 | 7:00 PM ET

    DAVOS, Switzerland- Bank of England Governor Mark Carney to take part in panel discussion on "The Global Economic Outlook"- 1500 GMT. **DUSSELDORF, Germany- Deutsche Bundesbank board member Joachim Nagel speaks at the annual conference of the German-Chinese Economy, organized by Handelsblatt and HSBC- 1400 GMT. LUXEMBOURG- Central Bank of Luxembourg Governor and...

  • DAVOS, Switzerland, Jan 23- Germany will use all the wiggle room it has in its budget to boost public investment, Finance Minister Wolfgang Schaeuble said on Friday. Other euro zone countries like France and Italy, as well as the International Monetary Fund, have repeatedly urged Germany to use its fiscal space to boost spending on infrastructure.

  • DAVOS, Switzerland— Germany has not modelled a potential Greek exit— the so-called "Grexit"— from the 19- nation eurozone, Germany's finance minister insisted Friday, two days ahead of a Greek election that may bring an anti-bailout party to power in Athens. While praising Greece's better-than-expected efforts to get its economy in order, Schaeuble warned that...

  • BRUSSELS, Jan 23- Greece will have to ask for a new extension to its euro zone bailout programme before 1.8 billion euros in pending aid can be paid, a senior euro zone official said on Friday, stressing that a new government must first be in place to do so. Although the International Monetary Fund will continue to back Athens, the country needs to be under an European...

  • SAO PAULO/ BRASILIA, Jan 22- Brazilian President Dilma Rousseff's crusade to win back investor confidence has entrusted policymakers with the tough mission of hiking interest rates while major central banks cut them, raising the prospect of another recession in Latin America's biggest economy. The move left the Brazilian central bank at odds with the...

  • Spain: Unemployment stuck at 23.7 percent in Q4 Thursday, 22 Jan 2015 | 11:27 AM ET

    MADRID— Spain's unemployment rate remained stuck at 23.7 percent in the fourth quarter ending in December compared with the previous three-month period, marking an end to a series of joblessness rate declines throughout 2014, the government's statistics agency said Thursday. The National Statistics Institute put the total number of unemployed at a...

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.

  • European shares rise for 5th day on ECB stimulus bets Wednesday, 21 Jan 2015 | 12:42 PM ET

    LONDON/ PARIS, Jan 21- European shares rose for a fifth straight day to close at a seven-year high on Wednesday as speculation mounted about the size and timing of a sovereign bond-buying programme expected to be unveiled by the European Central Bank. A euro zone source told Reuters on Wednesday the ECB's Executive Board has proposed that the bank buy 50 billion...

  • A look at Greece's debt debate before elections Wednesday, 21 Jan 2015 | 12:17 PM ET

    ATHENS, Greece— Greece goes to the polls Sunday with voters given a tough choice over how to handle the country's debt after six years of recession badly weakened its economy. Although Greece reached a major restructuring deal with private creditors three years ago, its economy has shrunk by a quarter during the recession to an annual output of 188 billion euros,...

  • ATHENS, Jan 21- After four years of economic sacrifices, Greece bet it could agree an early end to its international bailout. Greece triggered the regional financial crisis in 2009 when a far higher budget deficit than previously calculated emerged. The collapse of talks in Paris on Nov. 26 set off a month-long sequence of events leading to elections next week and...

  • PARIS, Jan 20- European shares touched new seven-year highs on Tuesday after data showed China's economic growth slowed less than feared and on expectations the European Central Bank will launch a quantitative easing programme later this week. Danish enzyme maker Novozymes featured among the top gainers, surging 5.1 percent, with traders citing a new...

  • BRUSSELS, Jan 16- Euro zone officials discussed on Thursday extending Greece's bailout program by up to six months more to allow time for talks with any new government in Athens on closing the current bailout and on what should replace it. Athens had hoped to replace it with an Enhanced Conditions Credit Line from the euro zone bailout fund that it would never...

  • Jan 15- The European Central Bank will almost certainly embark on a sovereign bond purchase program, and possibly announce one as soon as next week, according to economists in a Reuters poll. After exhausting almost every other policy tool- interest rates are rock-bottom, banks have been flooded with cheap cash and financial securities snapped up- buying...

  • *Faltering euro zone and China, disinflation biggest risks. BENGALURU, Jan 15- Global economic growth will be modest at best in the coming year as weak inflation persists, Reuters polls showed on Thursday, while a faltering euro zone and China could restrain it further. Economists polled over the past week by Reuters say the biggest risk to the global economy this...

  • LUXEMBOURG— The European Union's top court ruled Thursday that Ryanair has the right to block or impose conditions on price comparison websites that mine data from the budget carrier's online database without its permission. The court ruled in a long-running dispute in Dutch courts between Ryanair and Dutch company PR Aviation over a practice known as...

  • EU offers some budget relief to struggling nations Wednesday, 14 Jan 2015 | 8:39 AM ET

    BRUSSELS— The European Union is giving member states struggling with debt more leeway in their spending plans despite EU rules on deficits and debt. EU officials raised the possibility Wednesday for nations like Italy and France to contribute to a planned 315 billion euro investment scheme to spur growth and jobs in Europe, even if their budgets are already...

  • Spain's Rajoy backs Greek austerity before poll Wednesday, 14 Jan 2015 | 6:29 AM ET

    ATHENS, Greece— Spain's Prime Minister Mariano Rajoy on Wednesday defended Greece's tough bailout program, ahead of a general election here that could see his fellow conservatives lose power to leftwing challengers. Samaras' New Democracy party faces elections on Jan. 25 and is trailing in opinion polls to the anti-austerity, leftwing Syriza party, which is...