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Economic Regions PIIGS

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  • Business events scheduled for the coming month Friday, 31 Jul 2015 | 1:40 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for June, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for July, 10 a.m.; Commerce Department releases construction spending for June, 10 a.m.. WASHINGTON— Commerce Department releases factory orders for June, 10 a.m.. WASHINGTON— Commerce Department...

  • Portuguese-speaking countries such as Angola and Brazil, which have drawn tens of thousands of Portuguese workers in recent years, face economic difficulties, including rising unemployment. Lisbon Stock Exchange researchers said in a report published Friday that the emigrants' return "could create additional stress the Portuguese social welfare and...

  • MADRID— Spain's prime minister Friday promised a 1 percent pay rise for Spain's 2.5 million civil servants in the 2016 budget, their first hike in five years after public spending was reined in because of the country's economic crisis. Spain was battered by the global financial crisis and only emerged from a double-dip recession at the end of 2013. It still has a...

  • ATHENS, Greece— Greece's talks with its international creditors on a third bailout worth 85 billion euros shifted into a higher gear on Friday, with lead negotiators from the European Union and International Monetary Fund meeting key ministers in Athens. The bailout talks with the IMF, European Commission, European Central Bank and European Stability...

  • Business events scheduled for the coming week Thursday, 30 Jul 2015 | 1:40 PM ET

    WASHINGTON— Commerce Department releases personal income and spending data for June, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for July, 10 a.m.; Commerce Department releases construction spending for June, 10 a.m.. WASHINGTON— Commerce Department releases international trade data for June, 8:30 a.m.; Institute for Supply...

  • IMF won't join Greek bailout before reforms, debt relief Thursday, 30 Jul 2015 | 12:29 PM ET

    WASHINGTON— The International Monetary Fund official cannot participate in another Greek bailout until Greece and its creditors make difficult decisions on economic reforms and debt relief, a fund official said Thursday. Briefing reporters on condition of anonymity, the official said Greece needs to commit to reforms and creditors must provide debt...

  • MADRID, July 30- Spain's economy grew at its fastest rate since 2007 in the second quarter with more growth expected ahead, although the pace of recovery may flag as the effect of supportive cheap money and low inflation starts to wear off. Since Spain emerged from a prolonged downturn in mid-2013, economic growth has been driven by a steady rise in consumer...

  • Spain's economy maintains fast growth in Q2 Thursday, 30 Jul 2015 | 5:01 AM ET

    MADRID— Spain's economy expanded by 1 percent in the second quarter compared with the previous three-month period, its best rate since before the economic crisis began in 2007.. It was Spain's eight consecutive quarterly growth figure. Spain was battered by the global financial crisis and only emerged from a double-dip recession at the end of 2013. It still...

  • AP PHOTOS: Greece's odyssey through its latest crisis Wednesday, 29 Jul 2015 | 7:48 AM ET

    Greece has endured financial and political chaos since its referendum on July 5 on a bailout proposal by the country's rescue creditors. They let Greece's existing bailout expire, forcing the country to take the drastic action of shutting its banks for three weeks and putting limits on money withdrawals and transfers. The photographs here chronicle...

  • ATHENS/ BRUSSELS, July 28- Conflicting statements and denials flew between Athens and Brussels on Tuesday in a war of nerves highlighting the depth of mutual mistrust over a new round of negotiations on an 86 billion euro bailout that started this week. Differences included the pace and conduct of bailout talks, whether or not Greece needs to enact further laws...

  • ATHENS, Greece— Greece pushed ahead with talks on a new rescue loan Tuesday, but its government came under increasing pressure over claims it had a top-secret plan to prepare for a euro exit that involved accessing citizens' personal tax data. The talks in Athens aim to thrash out the terms of the deal— worth about 85 billion euros over three years— before Aug. 20, when...

  • ATHENS, Greece— Cyprus' creditors say the bailed-out country is on the path to economic recovery after years of recession but that it needs to follow through on structural reforms to lock in progress made and keep growth on an upward trajectory. The European Union and the International Monetary Fund said Monday the fiscal targets for the first half of 2015 have...

  • BRUSSELS/ ATHENS, July 27- Talks between Greece and its international creditors on a third bailout began in Athens on Monday but the lenders want to see more reforms turned into law before they disburse the first loans to keep the near-bankrupt country afloat. The government of Prime Minister Alexis Tsipras has pushed two packages of measures through...

  • Finance Minister Euclid Tsakalotos said late Monday that meetings in Athens had begun between Greek officials and negotiating teams representing creditors, with talks to intensify Tuesday, paving the way for higher level discussions possibly by the end of the week. Before the talks started in Athens, a recording of Varoufakis discussing a parallel...

  • *Iran deal likely boosted industry expectations-economist. BERLIN, July 27- Business confidence in Germany unexpectedly improved in July after two monthly drops as an agreement between Greece and its creditors for talks on a third bailout lifted the mood at firms in Europe's largest economy. Ifo president Hans-Werner Sinn said the easing of the crisis had...

  • BERLIN, July 27- Business confidence in Germany improved in July after two monthly drops as an agreement between Greece and its creditors for talks on a third bailout lifted the mood at firms in Europe's largest economy. Hans-Werner Sinn, president of Ifo think tank, said the easing of that crisis had helped boost sentiment in Germany. Last week Germany and Iran...

  • ATHENS, Greece— Greece and rescue lenders are still working out the format of upcoming talks, the labor minister said Sunday, confirming a delay in the negotiations for a third international bailout. Bailout negotiators from the European Commission, European Central Bank, and International Monetary Fund had been due to start arriving in Athens last Friday to...

  • ATHENS, July 25- Talks between Greece and its international creditors over a new bailout package should go ahead on Monday after logistical issues that delayed meetings this week are resolved, a Greek official said on Saturday. The meetings with officials from the European Commission, European Central Bank and International Monetary Fund had been expected...

  • Greek bailout talks to start on Monday after delay Saturday, 25 Jul 2015 | 8:01 AM ET

    ATHENS, July 25- Talks between Greece and its international creditors over a new bailout package should go ahead on Monday after logistical issues that delayed meetings this week are resolved, a Greek official said on Saturday. The meetings with officials from the European Commission, European Central Bank and International Monetary Fund had been expected...

  • ROME— Italy's summer of woe got worse Friday with one strike at Pompeii that left lines of tourists baking in the sun outside the World Heritage archaeological site and another at Alitalia that left passengers scrambling to rebook cancelled flights. The slowdowns added to record-high temperatures and labor slowdowns that have made living in and visiting...