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  • EU promises Greece 'lighter surveillance' Tuesday, 16 Dec 2014 | 7:23 AM ET

    ATHENS, Greece— Greece is on course to end a draconian bailout program in February and switch to "much lighter surveillance," European Union Finance Commissioner Pierre Moscovici said Tuesday. Greece has been given a two-month extension to conclude bailout program negotiations after weeks of deadlocked talks on new cost-cutting measures demanded by the "...

  • Spain: Google News vanishes amid 'Google Tax' spat Tuesday, 16 Dec 2014 | 4:21 AM ET

    MADRID— Google on Tuesday followed through with a pledge to shut down Google News in Spain in reaction to a Spanish law requiring news publishers to receive payment for content even if they are willing to give it away. The company's Spanish Google News page, normally full of aggregated news content, vanished and was replaced by a message saying Google was "...

  • EU: Greek defiance on debt would be 'suicidal' Monday, 15 Dec 2014 | 9:29 AM ET

    ATHENS, Greece— A refusal by Greece to repay bailout debts would be "suicidal" for the country, the European Union's top finance official said Monday in a clear warning to the country's popular opposition. Moscovici's two-day visit went ahead despite stalled negotiations between Greece and bailout creditors, and took place ahead of a parliamentary vote that...

  • ATHENS, Dec 13- Greece's radical leftist opposition leader, Alexis Tsipras, accused Prime Minister Antonis Samaras on Saturday of sowing fear in the country to win support for a presidential vote the government must win to avoid a snap election. Tsipras's Syriza party, which wants to tear up Greece's EU/IMF bailout deal, is likely to win an election, polls show, and...

  • ATHENS, Dec 13- Greece's radical leftist opposition leader, Alexis Tsipras, accused Prime Minister Antonis Samaras on Saturday of sowing fear in the country to win support for a presidential vote the government must win to avoid a snap election. Tsipras's Syriza party, which wants to tear up Greece's EU/IMF bailout deal, is likely to win an election, polls show, and...

  • DUBLIN, Dec 12- Fergus Reynolds has supported Ireland's governing Fine Gael party for 43 years, but this week he joined tens of thousands of people to march against them and pledged never to vote for Prime Minister Enda Kenny again. This is what much of the fastest-growing economy in Europe looks like at the end of 2014 as post-austerity Ireland serves a timely...

  • DIARY- Top Economic Events to Dec 25 Thursday, 11 Dec 2014 | 7:01 PM ET

    FRANKFURT- Deutsche Bundesbank Vice President Claudia Buch to speak on "May change happen"- 1200 GMT. OSLO- Norges Bank Governor Oystein Olsen and Norges Bank Investment Management Director Yngve Slyngstad hold lectures for the regional network. STOCKHOLM- Sweden's central bank holds monetary policy meeting.

  • ATHENS, Dec 9- Prime Minister Antonis Samaras named his candidate on Tuesday for the Greek presidency under a gamble that, if it fails, would force snap parliamentary elections when anti-bailout leftists would probably come out on top. Financial markets took the uncertainty badly, with Greek stocks and bonds tumbling on the plan to start voting for the...

  • The decision came after euro zone finance ministers said they were in favour of granting Greece its request for only a two-month extension to its bailout programme, a boost for Prime Minister Antonis Samaras who has been pushing for an early exit from the programme which is deeply unpopular in Greece. The decision effectively throws down the gauntlet to...

  • BRUSSELS, Dec 8- Euro zone finance ministers are in favour of granting Greece a two-month extension of its bailout program, which Athens will ask for on Tuesday, Eurogroup chief Jeroen Dijsselbloem said on Monday. Greece's parliament approved next year's budget in the early hours of Monday, the plan being closest to a balanced budget Greece has produced in more...

  • BERLIN, Dec 7- Italy and France expressed irritation on Sunday with a call from Chancellor Angela Merkel for them to do more to bring their budgets into line with EU rules, telling the German leader to focus on her own economic woes instead of lecturing others. In an interview with German daily Die Welt, Merkel had called on Italy and France to enact additional...

  • *China releases host of data, to show speed of slowdown. BRUSSELS, Dec 7- The guessing game over the timing of euro zone money printing will intensify as the European Central Bank unveils a closely watched gauge of policy in the coming week, the highlight of a calendar dominated by Europe's malaise. "The key story is going to be in the euro zone," said James Knightley,...

  • DIARY- Top Economic Events to Dec 19 Friday, 5 Dec 2014 | 7:01 PM ET

    ATLANTA, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on economic outlook and monetary policy before the Council for Quality Growth- 1730 GMT. LONDON- Bank of England holds quarterly financial policy committee meeting. BRUSSELS- Meeting of euro zone finance ministers to discuss 2015 draft budgets.

  • Euro zone mulls longer Greek bailout, Athens refuses Thursday, 4 Dec 2014 | 6:28 PM ET
    Greek Prime Minister Antonis Samaras

    Euro zone ministers are considering extending Greece's bailout by six months to mid-2015, but Athens said it was only willing to consider an extension of a few weeks to the unpopular program.

  • ATHENS, Dec 4- Euro zone ministers are considering extending Greece's bailout by six months to mid-2015, according to a document obtained by Reuters, but Athens said it was only willing to consider an extension of a few weeks to the unpopular program. "Greece has not received any written proposal on an extension," a government official told Reuters.

  • An extension of the bailout, under which Athens will have received a total of 240 billion euros since 2010, is necessary because international lenders and the Greek government are still negotiating what Athens must do to get the remaining 1.8 billion euros and secure a back-up credit line for after the bailout ends and Greece returns to market financing.

  • European shares gain on ECB stimulus bets; Greece leads Wednesday, 3 Dec 2014 | 9:57 AM ET

    *Greece, Spain, Italy lead rally ahead of ECB meeting. *Telenor, TeliaSonera rally after deal to merge units. LONDON, Dec 3- European stocks rose on Wednesday, led by shares in Greece, Italy and Spain, as investors bet the European Central Bank would signal further economic stimulus at a policy meeting on Thursday.

  • BRUSSELS/ ATHENS, Dec 3- Greece will have to ask for an extension on its bailout program before parliaments in euro zone nations close for Christmas because a new credit line will not be ready in time, a senior euro zone official said on Wednesday. After two bailouts totalling 240 billion euros since 2010, Greece wants to switch back to market financing from the...

  • ATHENS, Dec 2- Greece has rejected its international lenders' demands for tax rises and income cuts next year, Prime Minister Antonis Samaras said on Tuesday, arguing such measures would be disastrous for the country which has emerged from a deep economic recession. "Greece has done a lot already," Samaras said during an economic conference. The finance ministry...

  • ATHENS, Dec 2- Greek opposition leader Alexis Tsipras promised on Tuesday that if elected, he would swiftly scrap the country's EU/IMF bailout without waiting for the outcome of talks with lenders. Greece could face early elections next year, depending on the outcome of a separate vote to elect a president. Tsipras reiterated his call for the European Union to...