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Economic Regions PIIGS

  • *Spain, France auctions add to upward pressure on yields. *Greece aid on the line as Eurogroup meets on Thursday. LONDON, June 15- The prospect of tighter monetary policy in the United States and Britain despite ongoing uncertainties over their economic health reverberated across euro zone bond markets on Thursday, with yields accelerating away from multi-week...

  • Greece's finance minister says financial markets now have "much greater clarity" about the future of Greece's debts, which will help the country regain market access when its current bailout program ends next year. As well as securing 8.5 billion euros in bailout funds, which will help Greece meet a big summer repayment, Tsakalotos won a promise on future...

  • LUXEMBOURG— Greece avoided another potential brush with bankruptcy Thursday after striking a deal with European creditors to tide it over for the rest of the year and gained assurances that its repayment burden will be eased when it finally can stand on its own after nearly a decade on financial life support. After months of haggling that raised fears of...

  • BERLIN, June 15- Greek Economics Minister Dimitri Papadimitriou has accused German Finance Minister Wolfgang Schaeuble of being "dishonest" by blocking debt relief for Greece despite his acknowledgement that Athens has implemented significant reforms. Euro zone finance ministers and the International Monetary Fund are expected to strike a compromise...

  • ATHENS, Greece— Greece's prime minister renewed an appeal to international lenders Wednesday to reach an agreement on easing the country's debt burden, a day before finance ministers from the euro currency bloc meet to review its bailout program. In an article written for France's Le Monde and Germany's Die Welt newspapers, Alexis Tsipras said dealing with...

  • MADRID— Spain's central bank has revised upward its 2017 growth forecast from 2.8 percent to 3.1 percent owing to strong consumer demand and exports. Conservative Prime Minister Mariano Rajoy has made economic growth and job creation his main goals since taking office in 2011 in the middle of an economic crisis. Spain is now among the fastest-growing...

  • BRUSSELS, June 12- Euro zone finance ministers and the International Monetary Fund are likely to strike a compromise on Greece on Thursday, paving the way for new loans for Athens while leaving the contentious debt relief issue for later, officials said on Monday. IMF head Christine Lagarde suggested a plan last week under which the Fund would join the Greek...

  • ROME, June 12- Italy and Qatar agreed on Monday to continue their close economic and financial cooperation, the two countries' said in a statement on Monday that signalled Italian support for the beleaguered Gulf state. Qatari Finance Minister Ali Sherif al-Emadi met Italian Economy Minister Pier Carlo Padoan in Rome on the first leg of a tour of major Western...

  • TALLINN/ FRANKFURT, June 8- The European Central Bank kept its money taps wide open on Thursday but dropped a reference to possible interest rate cuts, an unexpectedly hawkish move as euro zone growth accelerates. It kept its easy money policy unchanged as widely expected, however, including its 2.3 trillion euro bond-buying program and sub-zero interest rates,...

  • FRANKFURT, June 8- The European Central Bank is likely to keep the money taps fully open at its meeting on Thursday as inflation remains below its target despite stronger economic growth in the euro zone. The currency bloc's economy has been on its best run for a decade but ECB President Mario Draghi is yet to be convinced that the recent rebound in inflation is...

  • FRANKFURT, June 8- The European Central Bank is likely to keep the money taps fully open at its meeting on Thursday as inflation remains below its target despite stronger economic growth in the euro zone. The currency bloc's economy has been on its best run for a decade but ECB President Mario Draghi is yet to be convinced that the recent rebound in inflation is...

  • FRANKFURT, June 8- The European Central Bank is likely to keep the money taps fully open at its meeting on Thursday as inflation remains below its target despite stronger economic growth in the euro zone. The currency bloc's economy has been on its best run for a decade but ECB President Mario Draghi is yet to be convinced that the recent rebound in inflation is...

  • FRANKFURT, June 8- The European Central Bank is likely to keep the money taps fully open at its meeting on Thursday as inflation remains below its target despite stronger economic growth in the euro zone. The currency bloc's economy has been on its best run for a decade but ECB President Mario Draghi is yet to be convinced that the recent rebound in inflation is...

  • FRANKFURT, June 8- The European Central Bank is likely to keep the money taps fully open at its meeting on Thursday as inflation remains below its target despite stronger economic growth in the euro zone. The currency bloc's economy has been on its best run for a decade but ECB President Mario Draghi is yet to be convinced that the recent rebound in inflation is...

  • BERLIN, June 5- International Monetary Fund Managing Director Christine Lagarde has offered Greece's European creditors a way out of their impasse over Athens' debts that would allow the euro zone to release a tranche of aid later this month. The IMF believes Greece needs a debt haircut, which Germany rejects. Greece has about 7 billion euros of debt maturing in...

  • ADDISON, Texas- Federal Reserve Bank of Dallas President Robert Kaplan speaks at a Q&A at the City of Addison Economic Development Luncheon- 1700 GMT. READING, Pennsylvania- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook and the Federal Reserve Bank of Philadelphia's Economic Growth and Mobility Project before...

  • ADDISON, Texas- Federal Reserve Bank of Dallas President Robert Kaplan speaks at a Q&A at the City of Addison Economic Development Luncheon- 1700 GMT. READING, Pennsylvania- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook and the Federal Reserve Bank of Philadelphia's Economic Growth and Mobility Project before...

  • *STOXX up 0.4 pct; Milan blue chips up 1 pct. MILAN/ LONDON, June 1- European shares inched up on Thursday, with blue chips in Milan taking the lead after better than expected Italian economic growth helped markets shrug off political worries. Italy's economy grew 0.4 percent in the first quarter thanks to firm domestic demand, the statistics bureau said, sharply...

  • ROME, June 1- Italy's economy grew 0.4 percent in the first quarter thanks to firm domestic demand, national statistics bureau ISTAT said on Thursday, sharply raising a preliminary estimate and improving prospects for the full year. The data was seized on by politicians from the ruling Democratic Party as proof that its policies were working as Italy gears up...

  • *STOXX up 0.3 pct; Milan blue chips up 1 pct. MILAN, June 1- European shares inched up on Thursday, with blue chips in Milan taking the lead after better than expected Italian economic growth helped shrug off political worries. Italy's economy rose 0.4 percent in the first quarter thanks to firm domestic demand, the statistics bureau said, sharply raising a...