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  • ATHENS, Greece— Greece and its European bailout creditors were in open dispute Friday, with Germany bluntly rejecting suggestions the heavily-indebted country should be forgiven part of its rescue loans and warning against "blackmail" from Athens. "We are prepared to offer all cooperation and solidarity," he said, but only if Greece abides by its agreements,...

  • MADRID— Spain's economy grew by 1.4 percent in 2014, ending a five-year run of negative or flat figures and providing further evidence that the country is recovering from a crippling double-dip recession. The National Statistics Institute said Friday that the country's growth was helped by a 0.7 percent expansion in the final three months of the year, making...

  • Germany's DAX, up 0.3 percent, outperformed the pan-European index after data showing German retail sales increased for a fifth consecutive year in 2014, rising by 1.4 percent in real terms, reflecting the buoyant mood among consumers in Europe's largest economy. "Retail sales in Germany and Spain, as well as consumer spending in France, are above expectations.

  • *Greece concerns weigh on Europe, Athens stocks up. LONDON, Jan 29- European stocks slipped and the dollar strengthened on Thursday after the Federal Reserve took an upbeat view of the world's largest economy and signalled it was on track to raise interest rates this year. Greece, where an anti-austerity prime minister took over on Monday, also kept investors...

  • ATHENS, Greece— The first European official to visit Greece since the country elected a new left-wing government said Thursday that he expects clashes over how to lighten the country's bailout— not rash actions from Athens. European Parliament president Martin Schulz said he had concluded after discussions with 40- year-old Prime Minister Alexis Tsipras...

  • ATHENS, Jan 28- The new government of Prime Minister Alexis Tsipras has moved swiftly to roll back parts of Greece's international bailout agreement with its European Union and IMF creditors, including stopping some asset sales. Greece has raised only 3.1 billion euros from privatizations since it was first bailed out five years ago by the EU and...

  • *Sale of stake in Greece's biggest utility halted. ATHENS, Jan 28- Prime Minister Alexis Tsipras promised "radical" change on Wednesday as his new government swiftly moved to roll back key parts of Greece's international bailout, prompting a third day of losses on financial markets. Even before the first meeting of the new cabinet, ministers had hit the airwaves to...

  • Greece, eurozone creditors gear up for clash over bailout Wednesday, 28 Jan 2015 | 5:37 AM ET

    ATHENS, Greece— Greece's new radical left government has shot the first salvo in what is expected to be a tough clash with fellow eurozone countries over budget cuts that Athens says are choking the life out of its economy. The hard line prompted a quick warning from the European Union and sent local investors into a panic on the prospect that the country might get...

  • ATHENS, Greece— Greece's new left-wing prime minister, Alexis Tsipras, picked an outspoken bailout critic as his new finance minister Tuesday, signaling his resolve to take a tough line with eurozone lenders in an effort to write off a massive chunk of rescue debt. Economist Yanis Varoufakis, 53— who has described the bailout as "fiscal waterboarding"— took up the...

  • ROME— Italy is making waves by turning stereotypes on their head— and selling the world its more serious side. People here are reacting with surprise at the possibility that Italy may have finally figured out how to market itself abroad— by acknowledging stereotypes only to show a different "Made in Italy" that Italians can be proud of. The ministry of economic...

  • The election result in Greece reflects a growing European backlash against austerity policies. Across the continent, support is growing for parties and groups outside the mainstream like Syriza, which triumphed in Greece on Sunday after pledging to renegotiate the country's huge bailout agreements. The Northern League party has seen its poll numbers rise...

  • Greek economy Fact Box Monday, 26 Jan 2015 | 11:44 AM ET

    ATHENS, Greece— Some key facts on the Greek economy as radical left-wing party forms new government:. Public debt: 316 billion euros, or 176 percent of gross domestic product. Gross domestic product: 182 billion euros.

  • BRUSSELS— For a man long seen as the eurozone's worst nightmare, Alexis Tsipras has had a smooth first day as prime minister of Greece. But concerns of a disastrous confrontation— in which, say, Greece might stop repaying its loans or the eurozone stop funding Athens— eased on Monday after both sides said they were open to negotiation. Besides calling for the...

  • *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...

  • Greece's first radical left prime minister sworn in Monday, 26 Jan 2015 | 2:33 AM ET

    ATHENS, Greece— Tieless and eschewing the traditional religious swearing-in ceremony, but with a surprise coalition deal in the bag and a sanguine international reception, radical left leader Alexis Tsipras took over Monday as austerity-wracked Greece's new prime minister. "''We have the required majority," Tsipras told Greek President Karolos Papoulias,...

  • 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...