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Bailouts

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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,...

  • NEW YORK, Jan 29- Global equity markets eased on Thursday on simmering worries over Greece's new anti-bailout government and the prospect for corporate earnings, but U.S. government debt prices fell on fresh signs of a strong American labor market. On Wall Street, Alibaba Group shares dropped 10.5 percent to $88.12 after its revenue missed expectations.

  • LONDON, Jan 29- Greece's credit rating could be cut if talks with its international creditors do not make progress by the time of Fitch's next review in May, one of the firm's senior ratings directors said on Thursday. Fitch is the last of the big three ratings agencies, after Standard and Poor's and Moody's, to send a warning to Greece's new anti-bailout coalition.

  • 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...

  • LONDON, Jan 29- German bond yields fell on Thursday as worries over Greece's new anti-bailout government buoyed demand for top-rated assets from investors who were also starting to think the U.S. Athens looked to set to endure a fourth day of market jitters since Sunday's election with its newly-instated government at loggerheads with international...

  • Renewed plunge in Greek banks hits European shares Wednesday, 28 Jan 2015 | 12:31 PM ET

    *Lanxess, Nordea rally after results. LONDON/ PARIS, Jan 28- Greek stocks slumped further on Wednesday as concerns mounted about the banking sector after the election victory of anti-bailout party Syriza and the new government's cancellation of privatization plans. The combined market value of Greece's top four- Alpha Bank, Piraeus Bank, National Bank of Greece...

  • 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...

  • Another slump in Greek stocks holds back European shares Wednesday, 28 Jan 2015 | 11:21 AM ET

    *Lanxess, Nordea rally after results. LONDON/ PARIS, Jan 28- Greek stocks continued to slump on Wednesday, on mounting concerns about the banking sector in the wake of anti-bailout party Syriza's victory in Sunday's election and after the new government canceled privatization plans. The combined market value of the top four Greek banks Alpha Bank Piraeus Bank...

  • Greek banks extend slide to peg back European shares Wednesday, 28 Jan 2015 | 7:53 AM ET

    LONDON/ PARIS, Jan 28- European shares dipped on Wednesday, with Greek stocks extending the sell-off sparked by anti-bailout party Syriza's victory in Sunday's election. It has plummeted 98.6 percent since late 2009, before Europe's sovereign debt crisis started. The combined value of the top four Greek listed banks, Alpha Bank, Piraeus Bank, National Bank of...

  • MOSCOW, Jan 28- Russia announced a $35 billion "anti-crisis" spending plan on Wednesday to bail out an economy battered by Western sanctions and falling oil prices, but gave few details of the deep cuts it said would be enacted this year to pay for it. The 2.34 trillion rouble spending plan includes 1.55 billion roubles to support banks, most of which was already...

  • Greece rolls back austerity  Wednesday, 28 Jan 2015 | 6:32 AM ET

    CNBC's Michelle Caruso-Cabrera reports the newly-elected Greek leaders are hiking the country's minimum wage and rolling back deals that were part of the bailout agreement.

  • *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...

  • Greek markets slide on fears of clash with creditors Tuesday, 27 Jan 2015 | 12:18 PM ET

    *Bank stocks plummet, pulling down Athens index. LONDON, Jan 27- Greek borrowing costs jumped and a dive in bank stocks dragged down the Athens bourse on Tuesday, after weekend elections resulted in an anti-bailout government that looks set on a collision course with the country's creditors. This was up four percentage points since Sunday's vote although down...

  • Greek FM: Hope to find common ground  Tuesday, 27 Jan 2015 | 12:14 PM ET

    CNBC's Michelle Caruso-Cabrera talks with Yanis Varoufakis, new Greek Finance Minister about his country's plan to find agreement with the ECB and its European partners to pay back its debt.

  • *Pfizer's outlook disappoints, stock slips. *Microsoft shares tumble a day after results. NEW YORK, Jan 27- U.S. stock index futures fell on Tuesday, weighed by company earnings results including those of Microsoft, while concerns lingered over Greece's new anti-bailout government and its implications for the euro zone.

  • 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...

  • *Markets giving Greece benefit of the doubt for now. The euro rose as much as 0.9 percent to trade at $1.13455, lifting it further from an 11- year trough of $1.1098 reached on Monday, when it became clear that Greece had voted in a new anti-bailout government. Investors are hopeful that the left-wing Syriza party leader, Alexis Tsipras, is willing to negotiate,...

  • PRECIOUS-Gold slips for 3rd day on stronger equities Monday, 26 Jan 2015 | 8:11 PM ET

    SINGAPORE, Jan 27- Gold fell for a third session in a row on Tuesday, hurt by a stronger dollar and equities, as well as profit-taking after recent sharp gains to a five-month high. *Bullion had gained initially on Monday as Greek leftist leader Alexis Tsipras was set to become prime minister of the first euro zone government openly opposed to bailout conditions...

  • NEW YORK, Jan 26- The euro rebounded on Monday as investors took advantage of steep losses sustained during two days of dramatic selling, with the final push down to a fresh 11- year low coming after elections in Greece put an anti-austerity government in power. Greece elected, as expected, left-wing leader Alexis Tsipras of the anti-bailout Syriza party.