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Francois Hollande

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  • *Greece must come back with fresh proposals-Sapin. PARIS, July 6- France urged Greece on Monday to come back to the negotiating table with new proposals, insisting a cash-for-reform deal was possible even as the country's resounding' No' vote prompted growing German calls for its exit from the euro zone. President Francois Hollande, who welcomes Germany's Angela...

  • ATHENS/ FRANKFURT, July 6- Greece's outspoken finance minister resigned on Monday, removing a major obstacle to any deal to keep Athens in the euro zone after Greeks voted resoundingly to back the government in rejecting the austerity terms of a bailout. Yanis Varoufakis, a self-proclaimed "erratic Marxist" economist who infuriated euro zone partners with his...

  • ATHENS/ FRANKFURT, July 6- Greece's outspoken finance minister resigned on Monday, removing a major obstacle to any last-minute deal to keep Athens in the euro zone after Greeks voted resoundingly to reject the austerity terms of a bailout. With banks shuttered, cash machines running out of banknotes and sympathy for Athens among EU governments close to...

  • ATHENS, Greece— The latest on the bailout referendum in Greece:. Greek Finance Minister Yanis Varoufakis has resigned, saying he was told shortly after the Greek referendum result that the other eurozone finance ministers and Greece's other creditors would prefer he not attend the ministers' meetings. The president of the eurozone finance ministers' group,...

  • *China shares struggle to rally despite Beijing support measures. SYDNEY/ TOKYO, July 6- Asian stocks hit a six-month trough and the euro stumbled on Monday after a Greek vote against austerity measures endangered its future in the single currency and raised the risk of a full-blown crisis in the euro zone. A rush from risk took MSCI's broadest index of...

  • But as celebrations died down early Monday, Greece entered a second week of severe restrictions on financial transactions and faced the prospect of even limited amounts of cash drying out, with no prospect of an immediate infusion. Greece imposed the restrictions to stem a bank run after the vote was called and its bailout program expired.

  • *China shares rally as Beijing steps up support measures. SYDNEY/ TOKYO, July 6- Asian stocks and the euro stumbled on Monday after a Greek vote against austerity measures endangered its future in the single currency and raised the risk of a full-blown crisis in the euro zone. Japan's Nikkei share index fell 1.4 percent while MSCI's broadest index of Asia-Pacific...

  • SYDNEY/ TOKYO, July 6- The euro and stock prices fell sharply in Asia on Monday after the Greeks had overwhelmingly rejected austerity measures demanded in return for bailout money, putting in doubt its continued place in the single currency. U.S. equity futures dropped around 1.4 percent while Japan's Nikkei shares fell 1.4 percent and MSCI's broadest index of...

  • NEW YORK, July 5- The overwhelming Greek rejection of a bailout is likely to boost market uncertainly, weaken the euro and trigger a stocks selloff in the near term as investors assess how the European Central Bank works to stop contagion spreading from Greece. Greece faces a July 20 deadline to repay the ECB a 3.5 billion euro bond. The reaction on financial...

  • BERLIN, July 5- German Chancellor Angela Merkel agreed in a phone call with French President Francois Hollande on Sunday night that a euro zone leaders' summit should be held on Tuesday after Greeks rejected bailout terms in a referendum, a German government spokesman said. The chancellor and president also agreed that the referendum result should be...

  • *Referendum set to decide Greece's future in euro. ATHENS, July 5- Greeks voted overwhelmingly "No" on Sunday in a historic bailout referendum, partial results showed, defying warnings from across Europe that rejecting new austerity terms for fresh financial aid would set their country on a path out of the euro. "The negotiations which will start must be concluded...

  • BERLIN, July 5- German Chancellor Angela Merkel will travel to Paris on Monday afternoon to discuss the result of the Greek referendum with French President Francois Hollande, a German government spokesman said on Sunday.

  • ATHENS, Greece— Greece lurched into uncharted territory and an uncertain future in Europe's common currency Sunday after voters overwhelmingly rejected demands by international creditors for more austerity measures in exchange for a bailout of its bankrupt economy. It was a decisive victory for Prime Minister Alexis Tsipras, who had gambled the future of...

  • ATHENS, Greece— The latest on the bailout referendum in Greece:. The final results of Greece's bailout referendum are in, with all 19,159 precincts reporting. The president of the eurozone finance ministers' group, Jeroen Dijsselbloem, calls the outcome of Sunday's referendum "very regrettable for the future of Greece."

  • INSIGHT-A Greek challenge for "Mr Europe" Juncker Saturday, 4 Jul 2015 | 5:21 AM ET

    *European Commission president sees vote as danger to EU. BRUSSELS, July 4- It's sultry early July and an emotional Jean-Claude Juncker is on the stump, calling for a' Yes' vote in a referendum on which he says hangs the future of Europe- and his own career. "A' Yes'... would have a significance... well beyond Europe," he tells voters.

  • Correction: Greece-Bailout story Friday, 3 Jul 2015 | 9:00 AM ET

    ATHENS, Greece— In a story July 2 about the Greek referendum, The Associated Press reported erroneously that the International Monetary Fund had said Greece would need debt relief worth 50 billion euros. The IMF said Greece needs new financing worth 50 billion euros as well as debt relief. ATHENS, Greece— Costas Christoforidis hasn't decided how to vote in...

  • Alexis Tsipras told private Antenna TV station in an interview Thursday that he wants Greece to remain within the eurozone, but with a sustainable bailout agreement. He said a "yes" win would lead to a deal that puts additional burdens on Greece without growth. Greece's government says the International Monetary Fund's report on Greece "completely justifies"...

  • ATHENS, Greece— The battle for Greek votes entered full swing Thursday ahead of a crucial weekend referendum that could decide whether the country falls out of the euro. Greece's rescue lenders have halted negotiations on a new financial aid program until after the vote on whether to accept reforms the creditors proposed last week in exchange for bailout...

  • *Berlin plays down suggestion of policy rift with Paris. PARIS, July 1- France wants the euro zone to push for a deal with Greece before Sunday's referendum, President Francois Hollande said on Wednesday, in comments that differed sharply from those of German leaders. "It is our duty to keep Greece in the euro zone.

  • REFILE-SPECIAL REPORT-How Greece went bust Wednesday, 1 Jul 2015 | 9:14 AM ET

    On the other sat President Francois Hollande of France; around were a handful of officials. In this modest Brussels setting last Friday morning, key players in the great Greek debt drama tried to avert a meltdown that could threaten the future of the euro and even the European Union. Merkel and Hollande made a final offer of billions of euros in aid for bankrupt...