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  • Zingales: QE is too important   Monday, 16 Mar 2015 | 7:00 AM ET
    Zingales: QE is too important

    Luigi Zingales, Professor at University of Chicago, says that there's a "60/40" chance of a Grexit in the next 12 months, but adds that quantitative easing is more important than worrying about Greece right now.

  • NEW DELHI, March 16- Greece needs to implement structural reforms, International Monetary Fund Managing Director Christine Lagarde said on Monday, echoing other international creditors who have urged Athens to implement reforms to secure urgently needed funds. Although Athens has been granted a four-month extension to the bailout deal, the Feb. 20 accord...

  • Monti: Greek contagion is now less explosive   Monday, 16 Mar 2015 | 6:30 AM ET
    Monti: Greek contagion is now less explosive

    Mario Monti, former prime minister of Italy, says that the risk of a Greek contagion and a domino effect is much more under control and less explosive than in previous years.

  • "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...

  • *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...

  • WASHINGTON, March 11- The International Monetary Fund has agreed to pump $10 billion into Ukraine's troubled economy over the next year, providing swift assistance for the country's struggling finances as part of a larger four-year bailout. The IMF board on Wednesday approved a loan of $17.5 billion, with the bulk of the money heading out the door fast: $5...

  • WASHINGTON, March 11- The International Monetary Fund has agreed to pump $10 billion into Ukraine's troubled economy over the next year, providing swift assistance for the country's struggling finances as part of a larger four-year bailout. The IMF board on Wednesday approved an overall loan of $17.5 billion, with the bulk of the money heading out the door fast:...

  • LONDON, March 11- A British government run by the Labour Party would take its time in selling its ownership of state-controlled bank RBS in order to get taxpayers' money back, the man who would be finance minister if Labour wins May's elections said on Wednesday. RBS was rescued with a 45 billion pound bailout using state funds in 2008 as the financial crisis...

  • Cecchetti: ECB QE is already a success   Tuesday, 10 Mar 2015 | 12:50 PM ET
    Cecchetti: ECB's QE is already a success

    Stephen Cecchetti, professor of international economics and finance at Brandeis International Business School, says that the quantitative easing program is already a success, however, the risk-sharing aspect may be problematic for Europe.

  • Eurogroup: Time to take Greece talks 'seriously'   Monday, 9 Mar 2015 | 12:10 PM ET
    Eurogroup: Time to take Greece talks 'seriously'

    Regarding Greece's debt negotiations, Jeroen Dijsselbloem, president of the Eurogroup, says "We have to stop wasting time and really start talks now seriously."

  • Greek reforms should speed up: Luxembourg   Monday, 9 Mar 2015 | 12:00 PM ET
    Greek reforms should speed up: Luxembourg

    Pierre Gramegna, finance minister of Luxembourg, says that all of Greece's reforms need to be accelerated.

  • 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...

  • *Japan Display confirms new plant, source says for Apple. TOKYO, March 6- Loss-making Sharp Corp has asked a domestic corporate turnaround fund to invest up to $250 million in capital- aid which would come on top of plans to tap its two main lenders for a second major bailout, a source said on Friday. Weak sales of smartphone screens in China, aggravated by an unexpected...

  • TOKYO, March 6- Loss-making Sharp Corp has asked a domestic corporate turnaround fund to invest up to $250 million in capital- aid which would come on top of plans to tap its two main lenders for a second major bailout, the Nikkei business daily reported. Hit by a supply glut of smartphone screens in China and fierce competition from rival Japan Display Inc that...

  • *Georgiades says Ireland, not Greece, role model for Cyprus. NICOSIA, March 5- Cyprus hopes to borrow on financial markets this year, its finance minister told Reuters on Thursday, saying the island's economy had more in common with bailout turnaround Ireland than Greece. Harris Georgiades said Ireland, which reformed after near bankruptcy, was a role model as...

  • *ECB won't allow Greece to issue more short-term debt. NICOSIA/ ATHENS, March 5- The European Central Bank will resume normal lending to Greek banks only when it sees Athens is complying with its bailout program and is on track to receive a favorable review, ECB President Mario Draghi said on Thursday. The tough line, spelled out after the ECB's policymaking...

  • TOKYO, March 5- Loss-making Japanese electronics firm Sharp Corp meets its main banks on Thursday in an effort to secure its second major bailout since 2012, betting they will have little choice but to pay up despite their call for more drastic overhauls. Sharp Chief Executive Kozo Takahashi will meet officials from Mizuho Bank and Bank of Tokyo-Mitsubishi...

  • WASHINGTON/ NEW YORK, March 4- The Federal Reserve struggled with the message being sent by its role in bank bailouts and worried about the impact of a bond-buying program aimed at easing the 2007-2009 financial crisis, according to transcripts released by the U.S. central bank on Wednesday. In a prescient view of future policy, then-San Francisco Fed President...

  • *Ukraine parliament has okayed IMF-backed budget changes. *G7 powers see IMF board approving Ukraine bailout. IMF chief Christine Lagarde cautioned that what she called the "huge distraction" of fighting against pro-Russian rebels in eastern Ukraine complicated the provision of aid, but she was in no doubt that Kiev was now "really determined to reform."

  • WASHINGTON/ NEW YORK, March 4- The Federal Reserve struggled with the message being sent by its involvement in bank bailouts in 2009 and worried about its implementation of a bond-buying program aimed at easing the financial crisis, according to transcripts released by the U.S. central bank on Wednesday. "Until the reinforcements arrive, I don't think we have...