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Economic Regions PIIGS

  • BARCELONA, Spain— Spanish Prime Minister Mariano Rajoy warned Catalan business leaders on Saturday of "terrible economic consequences" if separatists win independence for the northeastern region. Speaking in the Catalan coastal town of Sitges, Rajoy told the Circulo de Economia business group that if Catalonia breaks away from Spain it could lose up to 30...

  • TAORMINA, Sicily— President Donald Trump has criticized Germany's trade surplus with the United States, drawing attention to a contentious issue at a summit of world leaders where trade is already a sticking point. White House economic adviser Gary Cohn said the president's comments focused on the surplus and not the country: "He said they're very bad on trade,...

  • TAORMINA, Italy, May 26- U.S. Hosts Italy hope the luxurious, relaxed surroundings will give the rich-nation leaders a rare chance for wide-ranging debate on an array of international issues, including Syria, North Korea and the global economy. A senior Italian diplomat said Trump and the heads of Britain, Germany, France, Italy, Japan and Canada saw eye-to-eye on...

  • TAORMINA, Italy, May 25- U.S. President Donald Trump expects a tough debate over trade and climate change with other Group of Seven leaders at their forthcoming summit, White House economic adviser Gary Cohn said on Thursday. Trump and the leaders of Japan, Canada, Germany, France, Britain and Italy are due to hold two days of talks in Sicily, with the U.S. president...

  • TOKYO- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary policy at Keio University- 0200 GMT. WASHINGTON- Federal Reserve Board Governor Lael Brainard speaks on "Global Economic Issues" before panel at the "Voices of Experience: A Conversation with Former Treasury Under Secretaries for International...

  • TOKYO- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary policy at Keio University- 0200 GMT. WASHINGTON- Federal Reserve Board Governor Lael Brainard speaks on "Global Economic Issues" before panel at the "Voices of Experience: A Conversation with Former Treasury Under Secretaries for International...

  • ATHENS, May 24- Uncertainty over Greece's bailout review took its toll on Piraeus Bank and National in the first quarter as the country's two biggest lenders focused their efforts on cutting bad debts. Greece's economy contracted in the first three months of the year but less than in the final quarter of 2016, flash estimates by its statistics service showed...

  • Speaking to Reuters in an interview, Mario Centeno said he was confident about Portugal's improving economic outlook after years in the doldrums during the euro zone debt crisis, when the country was forced to seek a bailout. "The fact is that we are converging with the European Union, we are finally converging." Portugal has been one of Europe's slowest-growing...

  • LISBON, May 24- Portugal's economy is outpacing the official growth forecast, fuelled by exports and investment, and is set to reach more than 3 percent in the second quarter and more than 2 percent for the whole of 2017, the finance minister said on Wednesday. Speaking to Reuters in an interview, Mario Centeno said he was confident about Portugal's improving...

  • MILAN, May 23- Monte dei Paschi di Siena is close to reaching an agreement with the European Commission that will pave the way for a state bailout of Italy's fourth biggest bank, a senior Italian treasury official said on Tuesday. Together with two Veneto- based lenders, the Tuscan bank has been locked in talks for months with European regulators that must approve...

  • BRUSSELS— Hopes for a breakthrough in negotiations for cash-strapped Greece were dashed again and another deadline was set. Greece once again failed to get approval from its European creditors to receive the next batch of bailout loans that it needs to meet a debt repayment hump this summer. Without the loans, Greece faces another brush with bankruptcy.

  • **NEW YORK- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before the MNI Connect Roundtable- 2100 GMT. **MINNEAPOLIS- Federal Reserve Bank of Minneapolis President Neel Kashkari holds media Q&A at the Opportunity and Inclusive Growth Institute Conference- 1300 GMT. **MINNEAPOLIS- Federal Reserve Bank of...

  • **NEW YORK- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before the MNI Connect Roundtable- 2100 GMT. **MINNEAPOLIS- Federal Reserve Bank of Minneapolis President Neel Kashkari holds media Q&A at the Opportunity and Inclusive Growth Institute Conference- 1300 GMT. **MINNEAPOLIS- Federal Reserve Bank of...

  • *Euro zone not ready to disburse new loans to Greece. BRUSSELS, May 22- Euro zone finance ministers failed to agree on debt relief for Greece with the International Monetary Fund on Monday and did not release new loans to Athens, but came close enough in talks to aim for both deals at their next meeting in three weeks. Greece needs new cash from the euro zone to avoid a...

  • *Euro zone may agree to new loans for Greece after reforms passed. BRUSSELS, May 22- Euro zone finance ministers may agree on Monday to release new loans to Greece but are likely to struggle to convince the International Monetary Fund to join the bailout by keeping the prospect of debt relief for Athens highly conditional. Greece needs new cash from the euro zone to...

  • BRUSSELS— Greece is seeking Monday to persuade its creditors in Europe that it has done enough to get another chunk of bailout loans and a firm commitment on alleviating Athens' hefty debt burden. Greek Finance Minister Euclid Tsakalotos is meeting his counterparts from the 19- country eurozone at a meeting in Brussels, where Greece will once again be top of the...

  • THE HAGUE, Netherlands— The European Union urged member states Monday to take advantage of the bloc's recovering economy to strengthen their public finances and push through reforms that tackle social inequality. The advice came in economic policy guidance for the bloc's 28 member states that was published by the European Commission.

  • Without the deal, no new loans can be disbursed to Athens, even though the bailout is now handled only by euro zone governments, and Greece needs new credit to repay some 7.3 billion euros worth of maturing loans in July. Without the loans, Athens is likely to default- a bad start for a country that wants to return to market financing next year when its latest bailout,...

  • MINNEAPOLIS- Federal Reserve Bank of Minneapolis President Neel Kashkari gives brief welcome remarks before the first conference of the Opportunity and Inclusive Growth Institute in Minneapolis 1430 GMT. MINNEAPOLIS- Federal Reserve Board Governor Lael Brainard gives dinner speech before the first conference of the Opportunity and Inclusive Growth...

  • MINNEAPOLIS- Federal Reserve Bank of Minneapolis President Neel Kashkari gives brief welcome remarks before the first conference of the Opportunity and Inclusive Growth Institute in Minneapolis 1430 GMT. MINNEAPOLIS- Federal Reserve Board Governor Lael Brainard gives dinner speech before the first conference of the Opportunity and Inclusive Growth...