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  • BERLIN, Feb 19- The German finance ministry rejected a new request from Athens on Thursday for an extension of its bailout programme, saying it fell short of the conditions set out earlier this week by Greece's euro zone partners. "The letter from Athens is not a proposal that leads to a substantial solution," ministry spokesman Martin Jaeger said in a statement.

  • UPDATE 1-OECD raises Italy 2015 GDP forecast to 0.6 pct Thursday, 19 Feb 2015 | 8:12 AM ET

    *Warns market sentiment could turn on Italy. Italy has not posted a single quarter of growth since the middle of 2011.. The 114- page report on Italy's economy contained a 2015 growth forecast of 0.4 percent, but the OECD's head Angel Gurria told reporters at a presentation that the most recent developments had prompted an upward revision.

  • Here's Greece's bailout extension request letter Thursday, 19 Feb 2015 | 7:55 AM ET

    Following is the text of a letter sent by Greek Finance Minister to his Dutch counterpart Jeroen Dijsselbloem, president of the Eurogroup.

  • BERLIN, Feb 19- The German finance ministry rejected a new proposal from Athens on Thursday for an extension of its bailout programme, saying it fell short of the conditions set out by Greece's euro zone partners. "The letter from Athens is not a proposal that leads to a substantial solution," ministry spokesman Martin Jaeger said in a statement.

  • TEXT-Greek request letter for bailout extension Thursday, 19 Feb 2015 | 6:34 AM ET

    BRUSSELS, Feb 19- Following is the text of a letter sent by Greek Finance Minister Yanis Varoufakis to his Dutch counterpart Jeroen Dijsselbloem, president of the Eurogroup of euro zone finance ministers. Over the last five years, the people of Greece have exerted remarkable efforts in economic adjustment. The Greek authorities honour Greece's financial...

  • BRUSSELS, Feb 19- Greece asked euro zone countries for a six-month extension of its bailout programme on Thursday, pledging to honour all its debts and not to take unilateral action that would undermine agreed fiscal targets, a document seen by Reuters showed. The formal request by Athens will be discussed by junior ministers and central bank officials in a...

  • BRUSSELS, Feb 19- Dutch Finance Minister Jeroen Dijsselbloem, who chairs the Eurogroup of euro zone finance ministers, said on Thursday that Greece had asked for a "six-month extension" of its bailout agreement but he gave no details of the terms Athens requested. "Received Greek request for six months extension," Dijsselbloem said on Twitter without elaborating.

  • ATHENS, Greece— Germany quickly rejected a conciliatory bailout proposal by Greece on Thursday, dampening hopes that emergency talks might break a deadlock threatening the country with default and an exit from the euro. It held back, however, on offering to continue implementing a full a series of budget cuts and reforms that the eurozone has required since...

  • *Athens to use vital EU wording to request extension- newspaper. ATHENS, Feb 19- Greece is expected to ask on Thursday for an extension to its euro zone loan agreement skirting tough bailout conditions to avoid running out of cash within weeks, but it must overcome resistance from skeptical partners led by Germany. Athens is expected to submit a request to extend...

  • Feb 18- Greece is burning through its cash reserves and will not be able to meet payment obligations beyond the end of March at the latest unless it secures additional funds from its creditors, a person familiar with the figures told Reuters on Wednesday. Athens is locked in a battle with euro zone partners over the future of its bailout program, which is due to...

  • ATHENS, Feb 18- Greece will request an extension of its loan agreement from its euro zone partners on Thursday morning, a Greek government official said on Wednesday. Athens was initially expected to ask for an extension on Wednesday. 1/ 8 ID: nL5N0VS1KPT 1/ 8. The new government refuses to seek an extension of the EU/IMF bailout programme, which is due to expire on Feb....

  • ATHENS, Greece— Greece says it will present to its creditors by Thursday a proposal aimed to save bailout talks from collapse, as time is running out for a deal that would keep the country solvent and within the euro currency bloc. Greek government spokesman Gavriil Sakellaridis said Athens' plan would involve extending the 240 billion euro international loan...

  • FOREX-Yen blips higher after BoJ holds fire Wednesday, 18 Feb 2015 | 3:43 AM ET

    *Investors hope Greece, EU will agree on extending bailout. LONDON, Feb 18- The yen steadied in early European deals on Wednesday, after a brief jump in Asian trading driven by the Bank of Japan's confirmation it saw no need to print more money to stimulate the economy. With all eyes fixed on Greek and euro zone politicians' efforts to steer a way to a new deal on Greece's...

  • MILAN— In Milan's teeming commercial district, something unusual is happening this winter— Italians are shopping. Still, Renato Borghi, the president of the Italian fashion federation, is uneasy: shoppers, he notes, are relying on the seasonal discounts. Across Europe, companies are discounting to attract shoppers traumatized by years of recession and high...

  • *Investors hope Greece, EU will agree on extending bailout. TOKYO, Feb 18- The euro held firm in early Asian trade on Wednesday, as investors stuck to hopes that Greece will find common ground with its euro zone partners and avoid a chaotic exit from the currency union. Although Greece rejected a proposal to request a six-month extension of its international...

  • DIARY-Top Economic Events to March 3 Tuesday, 17 Feb 2015 | 7:01 PM ET

    WASHINGTON- Federal Open Market Committee will release the minutes from its January policy meeting- 1900 GMT. NEW YORK- Federal Reserve Board Governor Jerome Powell gives a lecture, Financial Institutions, Financial Markets and Financial Stability, before the New York University Stern School of Business, Center for Global Economy and Business Lecture event-...

  • FOREX-Euro gains on rising hopes of Greek debt deal Tuesday, 17 Feb 2015 | 2:58 PM ET

    NEW YORK, Feb 17- The euro gained against the U.S. dollar on Tuesday on rising hopes that Greece will find common ground with its euro zone partners for support beyond its current bailout program. "The underlying message from the market is that it's wholly confident that an agreement's coming," said Richard Franulovich, a senior currency strategist at Westpac in...

  • BRUSSELS, Feb 17- Greece intends to ask for an extension of its loan agreement with the euro zone on Wednesday, a source in Brussels said, distinguishing this from its full bailout program. Speaking on condition of anonymity, the source said that Athens would request up to a six-month extension but the conditions were still under negotiation.

  • *Stocks rebound on signs Greece to obtain bank funding. Stocks on Wall Street pared early losses on news Greece said it intended to ask Wednesday for an extension of its loan agreement with the euro zone that would be apart from a full bailout program, a source in Brussels said. Traders said the market was pricing in the prospect of a last-minute deal on Greece.

  • BRUSSELS, Feb 17- Greece intends to ask for an extension of its loan agreement with the euro zone on Wednesday, a source in Brussels said, distinguishing this from the country's full bailout program. Speaking on condition of anonymity, the source said that Athens would request up to a six month extension but the conditions were still under negotiation.