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  • *Euro gains as euro zone extend Greece's rescue package. NEW YORK, Feb 20- The euro gained against the U.S. dollar on Friday after euro zone ministers agreed to extend Greece's financial rescue package by four months. European Union paymaster Germany, Greece's biggest creditor, had demanded "significant improvements" in reform commitments by Athens before it...

  • ATHENS, Feb 20- Greek bank deposit outflows accelerated to a total of over 1 billion euros over the past two days, three senior banking sources told Reuters on Friday, little more than a week before the country's EU/IMF bailout deal is due to expire. With Athens struggling to secure a new funding deal with the euro zone before the bailout expires on Feb. 28, Greeks are...

  • *Gold down nearly 2 pct for the week. *China holiday thins liquidity in Asia. LONDON, Feb 20- Gold fell on Friday as the dollar and European shares rose ahead of a meeting of euro zone finance ministers on Greece's bailout programme, with prices headed for their fourth straight weekly drop.

  • *Berlin and Athens at odds. *Greece could run out of money by end of March. With EU paymaster Germany and the new radical leftist-led government in Athens digging their heels in over demands that Greece stick to strict austerity conditions in its international bailout programme, the two sides seemed far apart hours before a crucial Eurogroup meeting in Brussels.

  • LONDON, Feb 20- World stocks eased off five-month highs on Friday and the euro fell before a European finance ministers' meeting that could potentially cut Greece adrift and set it on the path to exiting the euro zone. Greece needs financial support to keep the country afloat beyond late March. "It's really all about Greece," said David Madden, market analyst at the IG...

  • *Athens questions whether Berlin speaks for euro zone. ATHENS/ BRUSSELS, Feb 19- Germany rejected a Greek proposal for a six-month extension to its euro zone loan agreement on Thursday, saying it was "not a substantial solution" because it did not commit Athens to stick to the conditions of its international bailout. As the biggest creditor and EU paymaster, Germany...

  • 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
    Yanis Varoufakis Greece

    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 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....

  • 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...

  • *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...