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Economic Regions PIIGS

  • MADRID— Spain's economic minister says the economy is doing better than the government expected as it continues to rebound strongly from recession. Minister Luis de Guindos tells Spanish newspaper ABC that he expects Spain's economy to expand 3.2 percent this year. Spain emerged from recession in late 2013 and is now one of the European Union's...

  • LONDON, July 21- Euro zone bond yields fell across the board on Friday after the single currency hit a two-year high against the dollar, leading investors to question the timing of the European Central Bank's planned withdrawal of stimulus. The ECB left its ultra-easy monetary policy unchanged on Thursday and did not discuss clawing back stimulus, though ECB...

  • LONDON, July 21- Euro zone bond yields dropped across the board on Friday after the single currency hit a two-year high against the dollar, leading investors to question the timing of the European Central Bank's planned withdrawal of stimulus. The European Central Bank left its ultra-easy monetary policy unchanged on Thursday and did not discuss clawing back...

  • ATHENS, Greece— Greece says it is still waiting for the "right moment" to re-enter the bond market, playing down expectations of an issue by the end of the week. Greece had been widely expected to test the markets sometime this week, but the move may have been complicated by the IMF's wish to stop the overall level of Greek debt from rising any further.

  • BRUSSELS, July 20- The euro zone's public deficit dropped in the first quarter of the year to its lowest level in nearly a decade, driven by a widening surplus in Germany and despite France's increasing fiscal gap, data released on Thursday showed. The figures, published by the European Union's statistics office Eurostat, confirmed the improving state of the...

  • MADRID— The International Monetary Fund says it is raising the growth forecast for Spain in 2017 to 3.1 percent, due to improved levels of consumption, investment and exports amid a surging post-crisis recovery. The revised figure is 0.5 percentage points higher than the IMF's previous forecast in April. The country emerged from recession in late 2013 and is...

  • *Greece needs to build 9 bln euro cash buffer before bailout ends. BRUSSELS, July 18- Greece's imminent return to markets will be a step towards a successful exit from its euro zone-funded bailout programme, but it will not be an overnight change. Euro zone creditors are keen to see Athens develop a strategy to tap the markets well before the end of its current 86-...

  • BRUSSELS— After eight years of toil by the Greek people, the European Union's executive arm is recommending that Greece be taken off its list of budget offenders, a move it hopes will help the country to start tapping financial markets for money soon. Wednesday's proposal from the EU Commission to end the so-called "excessive deficit procedure" on Greece comes...

  • **ABERDEEN, Scotland- Benjamin Broadbent, Deputy Governor for Monetary Policy at the Bank of England, will give speech at the Scottish Council for Development and Industry during a regional visit to Aberdeen 1100 GMT. **LONDON- Andy Haldane, Chief Economist and the Executive Director of Monetary Analysis and Statistics at the Bank of England, will give speech as...

  • **ABERDEEN, Scotland- Benjamin Broadbent, Deputy Governor for Monetary Policy at the Bank of England, will give speech at the Scottish Council for Development and Industry during a regional visit to Aberdeen 1100 GMT. **LONDON- Andy Haldane, Chief Economist and the Executive Director of Monetary Analysis and Statistics at the Bank of England, will give speech as...

  • *Protests dubbed "frightening" by Hamburg officials. HAMBURG, July 7- German Chancellor Angela Merkel pressed fellow Group of 20 leaders to compromise at the start of talks on climate and trade that have pitted U.S. The host of the G20 summit addressed her counterparts on Friday in a hall at the Hamburg convention center, after video footage showed Trump shaking...

  • In a joint communique issued as the leaders gathered in a vast convention centre in Hamburg, Brazil, Russia, India and China- the so-called BRICS countries- called on the G20 to push for implementation of the Paris climate deal despite Trump's decision last month to pull the United States out of it. British Prime Minister Theresa May said G20 leaders would urge...

  • BRUSSELS/ MILAN/ ROME, July 4- The European Union has approved a state bailout of Italy's fourth-largest lender, Monte dei Paschi di Siena, taking the total amount of Italian taxpayer funds deployed to rescue banks over the past week to more than 20 billion euros. Outside Greece, Europe has not seen such big state bailouts since the aftermath of the global financial...

  • **LONDON- Bank of England's Record of Financial Policy Committee Meeting held on 21 June 2017 0830 GMT. STOCKHOLM Swedish Central Bank to publish executive board's interest rate decision followed by press conference and monetary policy report. STOCKHOLM- Swedish National Bank Deputy Governor Henry Ohlsson will participate in the Swedbank event "Our...

  • **LONDON- Bank of England's Record of Financial Policy Committee Meeting held on 21 June 2017 0830 GMT. STOCKHOLM Swedish Central Bank to publish executive board's interest rate decision followed by press conference and monetary policy report. STOCKHOLM- Swedish National Bank Deputy Governor Henry Ohlsson will participate in the Swedbank event "Our...

  • BERLIN, July 2- As anti-globalisation activists took to the streets in Hamburg ahead of this week's G20 summit, German Chancellor Angela Merkel said on Sunday leaders will have to focus on sustainable and inclusive economic growth rather than their own prosperity. Hamburg police said 10,000 demonstrators marched peacefully in the rain in Hamburg on Sunday...

  • BERLIN, July 2- With an eye on anti-globalisation protests brewing in Hamburg before this week's G20 summit, Chancellor Angela Merkel said on Sunday leaders will have to focus on sustainable and inclusive economic growth rather than their own prosperity. Tens of thousands of demonstrators marched against the meeting in the rain in Hamburg on Sunday in a...

  • *Tough talk raises prospect of open clash in Hamburg. In a defiant speech to parliament a week before she will host a summit of the world's top economic powers in Hamburg, the northern port city where she was born, Merkel did not mention Trump by name but said global problems could not be solved with protectionism and isolation. She later met with European G20...

  • BERLIN/ MADRID, June 29- German and Spanish consumer prices rose more than expected in June, giving the European Central Bank fresh food for thought as euro zone inflation moves closer to its target and markets price in a tightening shift in monetary policy. The surprisingly strong inflation figures released on Thursday come only days after ECB head Mario...

  • SINTRA, Portugal- European Central Bank President Mario Draghi participates in Policy Panel at the ECB Forum on Central Banking in Sintra, Portugal- 1430 GMT. SINTRA, Portugal- European Central Bank Executive Board Member Vitor Constancio is chairing a Panel "Business cycles, growth and macroeconomic policy" at the ECB Forum on Central Banking in Sintra,...