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  • European shares post biggest daily gain in three years Friday, 17 Oct 2014 | 12:37 PM ET

    LONDON, Oct 17- A key pan-European equity index posted its biggest daily gain in three years on Friday as stronger U.S. data fueled a rebound from recent sharp losses and speculation about monetary easing stabilized lower-rated euro zone bonds. The index extended gains after a widely followed survey showed U.S. consumer sentiment rose in October to the highest...

  • Greek eyes precautionary credit line after bailout Friday, 17 Oct 2014 | 10:22 AM ET

    ATHENS, Greece— Greece's prime minister said his government is in talks with rescue lenders over a possible precautionary credit line to ease the country's exit from its 240 billion euro bailout program. Antonis Samaras, speaking to reporters Friday at a summit in Milan, said the credit line was "an item negotiation." He did not clarify whether the credit line...

  • *Concern that Germany and ECB will do too little too late. PARIS, Oct 16- After a two-year siesta, the euro zone is back in the financial markets' firing line due to stagnating growth, low inflation, budget problems in France and Italy and rising political risk in Greece, where the bloc's debt crisis began in 2009.. But four overlapping factors have rekindled anxiety...

  • *Faltering euro zone economy, slower growth in China pose biggest risks. Indeed, the biggest danger for the world economy in the coming year is deflation or another recession in the euro zone, followed closely by the risk of slower growth in China, according to polls conducted globally over the past week. "Especially, the recent weakening of growth in emerging...

  • *Ireland to lead peripheral economies. Oct 16- It is still unclear whether the European Central Bank's stimulus measures will have a material impact on inflation, according to economists in a Reuters poll, who said sovereign debt purchases could help boost the euro zone economy. The currency bloc is stuck in a quagmire of weak growth and falling inflation with...

  • EU pledges support for Greece as markets plunge Thursday, 16 Oct 2014 | 7:55 AM ET

    ATHENS, Greece— The European Union is promising Greece continued financial support, in the hopes of calming market turmoil triggered by concerns over the government's survival and the future of its bailout program. Jyrki Katainen, vice-president of the European Union's executive Commission, said Greece had made "immense progress" since the 240 billion euro...

  • African leaders: Ebola could lead to food crisis Thursday, 16 Oct 2014 | 7:05 AM ET

    DES MOINES, Iowa— Financial aid and global coordination are needed to prevent the Ebola health care crisis from becoming a food emergency, agriculture ministers from West African nations at the center of the Ebola outbreak said Wednesday. In Sierra Leone, where thousands are infected and more than 900 have died, 40 percent of the farmers have abandoned their...

  • *Concern that Germany and ECB will do too little too late. PARIS, Oct 16- After a two-year siesta, the euro zone is back in the financial markets' firing line due to stagnating growth, low inflation, budget problems in France and Italy and rising political risk in Greece, where the bloc's debt crisis began in 2009.. But four overlapping factors have rekindled anxiety...

  • *Greece ready to forego 12 bln euros remaining in IMF bailout. *Euro zone reluctant to remove IMF from supervising Greece. They also said Europeans were resisting a push by Athens to end borrowing from the IMF, which is unpopular in Greece and causing political problems.

  • Greek stocks slide     Wednesday, 15 Oct 2014 | 1:33 PM ET

    CNBC's Michelle Caruso-Cabrera reports on the performance of the PIIGS. Greece saw its worst 1-day loss since the height of its financial crisis.

  • France risks humiliating 'fail' in EU budget test Wednesday, 15 Oct 2014 | 9:24 AM ET

    France finds itself in the uncomfortable position of a student at the end of exams as it hands in its 2015 budget plans to European Union authorities for review. Wednesday's deadline for the bloc's 28 states to submit their budgets opens up a two-week window during which France and a few other countries who know they've missed key deficit targets must wait and...

  • Greece returns to market spotlight with nosedive Wednesday, 15 Oct 2014 | 9:00 AM ET

    Greece's main stock index closed 6.3 percent lower— having traded down as much as 9.8 percent lower earlier in the day. Yields on Greece's 10- year bonds also rose sharply, to 7.73 percent— up 1.10 percentage points on the day, a sign investors are more worried about default. Economist Megan Greene said investors were rattled by a combination of factors, with the...

  • Portugal to stick with austerity program in 2015 Wednesday, 15 Oct 2014 | 7:29 AM ET

    LISBON, Portugal— Portugal's government is extending into 2015 the main features of its unpopular austerity program, resisting the temptation to sweeten its policies for an election year as it battles to restore the weakened country's financial health. Portugal is still recovering from near-bankruptcy in 2011, when it needed a 78 billion euro...

  • Bund yields hit new lows as euro zone outlook weakens Wednesday, 15 Oct 2014 | 7:13 AM ET

    *Fitch places France's AA+ ratings on negative watch. LONDON, Oct 15- German Bund yields fell to a record low on Wednesday as worries over a deteriorating euro zone economic outlook, fed by another credit rating blow for France, and "free falling" inflation expectations dominated the market. Yields jumped in Greece, where investors are worrying about the risk of snap...

  • *Italy woos cash-rich China as recession bites. MILAN/ ROME, Oct 14- Italy and China signed business deals worth about 8 billion euros on Tuesday in sectors ranging from energy to engineering, deepening Beijing's commercial ties with the euro zone's No. 3 economy. "We must bring more China to Italy and take more Italy to China," he said.

  • Irish unveil growth budget, end 6 years' austerity Tuesday, 14 Oct 2014 | 3:57 AM ET

    DUBLIN— Ireland unveiled its first expansive budget Tuesday since the collapse of the Celtic Tiger economy six years ago, ending an era of austerity earlier than expected thanks to the return of Europe- leading growth. Measures unveiled in the 2015 budget will increase spending and tax breaks by a combined 1.2 billion, including a plan to build 6,700...

  • *Italy to complete budget plans on Wednesday. ROME/ BRUSSELS, Oct 13- Italian Prime Minister Matteo Renzi on Monday promised sweeping tax and spending cuts to help boost growth and jobs next year, as the European Commission considers whether to reject his budget plan for reducing debt too slowly. The premier announced the cuts as the European Union weighs whether...

  • Euro zone seeks to soften German stance on stimulus Monday, 13 Oct 2014 | 2:26 AM ET

    France and Italy will keep pressure on Germany this week to use government money to revive the euro zone.

  • *France and Italy seeking focus on public investment. LUXEMBOURG, Oct 13- France and Italy will keep pressure on Germany this week to use government money to revive the euro zone's stagnating economy but in a sign of inertia, a promised list of projects to create growth will not be ready until December. European finance ministers take the argument to Luxembourg on...

  • "I don't expect debt sustainability for Greece to become a problem," Dijsselbloem told the Atlantic Council in Washington. "Greece has done better than expected," he said referring to the terms of the last bailout for Greece agreed in November 2012. The euro zone bailout for Greece comes to a close at the end of the year, although assistance form the International...