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  • Greek leader defiant ahead of bailout meeting Wednesday, 18 Mar 2015 | 8:17 AM ET

    ATHENS, Greece— Greek Prime Minister Alexis Tsipras insisted Wednesday his government will honor an election promise to end budget austerity— a note of defiance ahead of an expected meeting with the leaders of Germany and France on the country's troubled bailout. Tsipras is expected to meet German Chancellor Angela Merkel, French President Francois...

  • Greece seeking joint Merkel-Hollande talks on bailout Tuesday, 17 Mar 2015 | 7:49 AM ET

    ATHENS, Greece— Greece has called for joint talks with leaders of Germany, France and the European Union executive to try and resolve the crisis surrounding the country's bailout negotiations. Prime Minister Alexis Tsipras proposed meeting German Chancellor Angela Merkel, French President Francois Hollande, European Central Bank President Mario Draghi...

  • Helped in many cases by European Union rescue funds, Spain's banks have reduced huge debts brought on by a property market crash and prolonged recession, and are now looking to grow. With euro zone interest rates set to remain at record lows for the foreseeable future, some mid-sized Spanish banks are starting to copy the expansion strategy of bigger rivals...

  • "If Greece explodes, Spain and Italy will be next and then at some point, Germany. He also said Greece did not need a third bailout but rather "a haircut like the one Germany also got in 1953 at the London debt conference." Athens and Berlin have become engaged in a war of words and Greece has submitted a formal protest to the German Foreign Ministry, accusing Finance...

  • DIARY-Top Economic Events to March 27 Friday, 13 Mar 2015 | 8:01 PM ET

    CERNOBBIO, Italy- European Central Bank board member Sabine Lautenschlaeger takes part in event on "The Outlook for Economy and Finance"- 0745 GMT. Speakers:- European Central Bank board members Sabine Lautenschlager and Peter Praet, Germany's Bundesbank board member Andreas Dombret and Germany's Bundesbank Deputy President Claudia Buch.

  • *Greece will meet obligations even if aid delayed- Tsipras. PARIS/ ATHENS, March 12- Prime Minister Alexis Tsipras tried to reassure euro zone partners on Thursday that Greece would stick to an extended bailout agreement with its international creditors even as a war of words rumbled on between Athens and Berlin. His soothing words contrasted to the tone of...

  • By Shinichi Saoshiro and Ian Chua. TOKYO/ SYDNEY, March 12- The euro slumped to a new 12- year low on Thursday, reeling from an unrelenting onslaught after the European Central Bank started its quantitative easing campaign, highlighting the monetary policy divergence between the euro zone and the U.S. The euro fell as far as $1.0505, the lowest since March 2003.

  • LONDON, March 10- Yields on the debt of nearly all euro zone countries dropped to record lows on Tuesday, a day after the European Central Bank began buying bonds in an effort to revive inflation and economic growth. Central banks put in around 15 million to 20 million euros of orders-- less than half the orders seen during the ECB's first bond-buying programme, at the...

  • LONDON, March 9- Euro zone bond yields fell on Monday as the European Central Bank and the bloc's national central banks began buying bonds under a 1 trillion euro money-printing programme. It has pledged to spend 60 billion euros a month buying mostly government bonds until September 2016 or until euro zone inflation is pushed back towards its target of just...

  • Europe shares fall as ECB starts buying bonds Monday, 9 Mar 2015 | 5:34 AM ET

    *EDF dips again on worries over potential tie-up with Areva. PARIS, March 9- European shares fell on Monday, tracking a sell-off on Wall Street after strong U.S. jobs data fanned expectations that the Federal Reserve may raise interest rates sooner than previously thought. Greek banking shares were among the biggest losers, with Bank of Piraeus down 4.9 percent...

  • SINGAPORE, March 9- Gold was trading a touch higher but remained near a three-month low on Monday, as the dollar climbed to an 11- year high after a strong U.S. jobs report boosted expectations the Federal Reserve would soon raise rates. *Spot gold drifted higher to $1,170.95 an ounce by 0038 GMT, but largely retained Friday's near 3 percent losses.

  • ROME, March 8- Greece could call a referendum or have early elections should its euro zone partners reject its debt and growth plans, Greek Finance Minister Yanis Varoufakis said in a newspaper interview on Sunday. The new Greek government, led by Alexis Tsipras, won an election in January promising to renegotiate a bailout agreed with the International...

  • *Greece funding uncertainty in focus. *Russia central bank seen holding rates at meeting. MADRID, March 8- China's cooling growth prospects and an interest rate decision in Russia will shift the economic agenda away from the euro zone next week, although Greece remains firmly in the spotlight because of its precarious funding outlook.

  • NICOSIA/ FRANKFURT, March 5- The European Central Bank will launch into quantitative easing next week having increased its economic growth forecasts for this year and next. President Mario Draghi said the first bond purchases with new money would take place on March 9. The euro zone's central bank has said it will buy 60 billion euros a month until Sept. 2016 or...

  • German yields rise before euro zone PMI, U.S. jobs data Wednesday, 4 Mar 2015 | 3:27 AM ET

    LONDON, March 4- German bond yields rose on Wednesday before final data on euro zone manufacturing activity but the market's pull-back is seen tempered by the prospect of imminent European Central Bank quantitative easing. Data released earlier showed activity in China's services sector grew modestly last month and orders rose at their quickest pace in...

  • LONDON, March 1- The latest episode of Greece's debt crisis has revived doubts about the long-term survival of the euro, nowhere more so than in London, Europe's main financial centre and a hotbed of Euroscepticism. To sceptics, the election of a radical leftist-led government in Athens committed to tearing up Greece's bailout looks like the start of an...

  • *Greece says can overcome immediate funding crunch. MADRID/ ATHENS, March 2- Euro zone countries are discussing a third bailout for Greece worth 30 billion to 50 billion euros, Spain's economy minister said on Monday, but EU officials said there were no such talks. Speaking at an event in Pamplona, northern Spain, Economy Minister Luis de Guindos said the new rescue...

  • ATHENS, March 2- Greece's government sought to assure its creditors and investors on Monday that it can cover its funding needs this month, including repaying a 1.5 billion euro loan to the International Monetary Fund. Athens is running out of options to fund itself despite striking a deal with the euro zone in February to extend its bailout by four months.

  • If Greece doesn't stick to that, there will be no further aid, "Schaeuble said according to the pre-publication extract. He said a Grexit was not the desired outcome and nobody had forced a bailout upon Greece so the ball was in Athens' court. Greek Prime Minister Alexis Tsipras denied on Friday that Greece would need another international bailout.

  • ATHENS, Feb 27- Greek Prime Minister Alexis Tsipras denied on Friday that his country would have to seek a third international bailout when a four month extension to its current programme expires. Tsipras also said the government had requested a reduction in the country's debt, even though EU/IMF creditors insist Greece must meet its obligations in full.