×

Economic Regions PIIGS

  • BERLIN— International Monetary Fund head Christine Lagarde said after talks with Chancellor Angela Merkel in Berlin that she sees no need for a "haircut" of Greek debt but that Athens needs to make "significant progress" on reforms. Athens agreed Monday to implement further reforms beginning in 2019, after the country's current third bailout has ended.

  • LISBON, Portugal— Portugal is finding it hard to please the International Monetary Fund. Despite fighting its way out of a financial crisis, cutting the budget deficit to its lowest level in more than 40 years and boosting growth through exports, the IMF says Portugal must do more. The IMF said in a report Wednesday that Portugal must reduce its government and...

  • BRUSSELS— Italy's government was put on notice Wednesday that it may be sanctioned by the European Union for not getting the country's debt levels down. In a report on Italy's debt, the executive European Commission urged Rome to take more cost-saving measures, worth up to 0.2 percent of its annual GDP. In a series of tweets, Italian Finance Minister Pier Carlo...

  • NEW YORK- Federal Reserve Board Governor Jerome Powell speaks on "The Economic Outlook and Monetary Policy" before a Forecasters Club of New York luncheon- 1800 GMT. DALLAS, United States- Federal Reserve Bank of Dallas President Robert Kaplan discusses issues facing the nation and the global economy- 2330 GMT. LONDON- Bank of England Deputy Governor for...

  • NEW YORK- Federal Reserve Board Governor Jerome Powell speaks on "The Economic Outlook and Monetary Policy" before a Forecasters Club of New York luncheon- 1800 GMT. DALLAS, United States- Federal Reserve Bank of Dallas President Robert Kaplan discusses issues facing the nation and the global economy- 2330 GMT. LONDON- Bank of England Deputy Governor for...

  • LONDON, Feb 21- Rebounding euro zone growth data gave investors another reason to sell French bonds on Tuesday as the prospect of the European Central Bank winding down its monetary stimulus combined with nervousness ahead of the French presidential elections. "It seems that, more and more, investors just want to get out of French bonds and are trying to take...

  • DUBLIN— Statisticians say the number of people in Ireland with a full-time job has topped 2 million for the first time since the country's property-driven economy suffered a calamitous crash in 2008.. Tuesday's figures from the Central Statistics Office say unemployment has fallen to 6.8 percent, an 8 ½- year low, while the number of people with full-time...

  • ATHENS, Greece— Greece's government has called on Germany to drop what it described as "irrational" budget demands in the country's bailout program, a day after Greece and its European creditors agreed to resume talks on new reforms. He called on Germany to drop its demands that Greece post a 3.5 percent primary surplus— the budget balance minus debt interest...

  • ATHENS, Feb 21- When asked what he thought about the prospect of yet more austerity to be imposed on Greece by its international creditors, Nicos Papapetrou was fairly short. "I had better stop... because I will start swearing," 49- year old Papapetrou, a shop assistant in Athens said. Athens and its creditors- the euro zone and International Monetary Fund- agreed on...

  • ATHENS, Feb 21- When asked what he thought about the prospect of yet more austerity to be imposed on Greece by its international creditors, Nicos Papapetrou was fairly short. "I had better stop... because I will start swearing," 49- year old Papapetrou, a shop assistant in Athens said. Athens and its creditors- the euro zone and International Monetary Fund- agreed on...

  • ATHENS, Feb 21- When asked what he thought about the prospect of yet more austerity to be imposed on Greece by its international creditors, Nicos Papapetrou was fairly short. "I had better stop... because I will start swearing," 49- year old Papapetrou, a shop assistant in Athens said. Athens and its creditors- the euro zone and International Monetary Fund- agreed on...

  • ATHENS, Feb 21- When asked what he thought about the prospect of yet more austerity to be imposed on Greece by its international creditors, Nicos Papapetrou was fairly short. "I had better stop... because I will start swearing," 49- year old Papapetrou, a shop assistant in Athens said. Athens and its creditors- the euro zone and International Monetary Fund- agreed on...

  • LONDON, Feb 21- Rebounding euro zone growth data gave investors another reason to sell French bonds on Tuesday as the prospect of the European Central Bank winding down its monetary stimulus combined with nerves about the country's elections. Short-dated German bond though- in high demand due to a shortage created by the European Central Bank's bond-buying...

  • BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University students- 2030 GMT. GOLDEN VALLEY, United States- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in conversation on the economy and the role of the Federal Reserve before the Financial...

  • BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University students- 2030 GMT. GOLDEN VALLEY, United States- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in conversation on the economy and the role of the Federal Reserve before the Financial...

  • ATHENS, Feb 20- Euro zone finance ministers and Greece agreed on Monday to resume negotiations over its bailout review next week, and to be concluded swiftly afterwards, a Greek government official said. Greece accepted to legislate reforms which would be adopted from Jan. 1, 2019 onwards, on condition that the fiscal impact would be neutral, the official said.

  • BRUSSELS, Feb 20- Euro zone finance ministers will discuss on Monday what reforms Greece must make to release new loans from the bloc's governments and get the International Monetary Fund to join the bailout. But Belgian Finance Minister Johan Van Overtveldt said on entering the meeting that a deal with Greece should not be rushed because of the European...

  • BERLIN/ ATHENS, Feb 20- Greece may need far less in bailout loans from international lenders because its finance are improving better than expected, the head the euro zone bailout fund was quoted on Monday as saying. Klaus Regling, the fund's managing director, told German newspaper Bild that at the end of Greece's money-for-reforms package in August 2018, the ESM...

  • BRUSSELS— Greece and its European creditors agreed Monday to resume talks on what economic reforms the country must make next in order to get the money it needs to avoid bankruptcy and a potential exit from the euro this summer. Greece's left-wing government has lost a lot of support as it legislated for more austerity in return for the bailout cash— it's about 15...

  • BERLIN, Feb 20- Greece will need less in emergency loans from international lenders than originally agreed in its third bailout programme due to a better-than-expected budgetary developments, the head of the euro zone bailout fund was reported on Monday as saying. Bavarian Finance Minister Markus Soeder called for a tougher stance in negotiations with...