Economic Regions PIIGS

  • MILAN, Dec 22- A state bailout of struggling Italian lender Monte dei Paschi di Siena could take up to three months, a newspaper said on Thursday, hours before the world's oldest lender was expected to declare its own rescue plan a failure and ask Rome for help. Such a failure would shake the foundations of Italy's banking industry, the euro zone's fourth largest and...

  • ATHENS, Dec 22- Greek Prime Minister Alexis Tsipras said on Thursday Athens wanted a speedy conclusion to a now-stalled review of bailout reforms, warning delays could hinder economic recovery after years of recession. Greece is following reforms outlined in a bailout program worth up to 86 billion euros. It is its third since 2010, and regular reviews of...

  • On a visit to Berlin, Tsipras was keen to emphasise Greek progress on reforms demanded by Germany as the European Union's most powerful economy and paymaster- a situation that has made Merkel a hate figure for some Greeks. The trip's timing was also significant, as Greece wrangles with its creditors over terms for its current bailout, the latest of three.

  • ROME- EU Commissioner Jyrki Katainen, Italian Economy Minister Pier Carlo Padoan and the head of Italy's state fund Cassa Depositi e Prestiti Fabio Gallia to take part in an event at Italy's Treasury in Rome- 1000 GMT. SEOUL- Britain's Chancellor of the Exchequer will meet South Korean Deputy Prime Minister for Economic Affairs Yoo Il-ho, South Korean Foreign...

  • CHARLOTTE, UNITED STATES- Federal Reserve Bank of Richmond President Jeffrey Lacker participates in a panel discussion at the Charlotte Chamber of Commerce Economic Outlook conference- 1730 GMT. KONGSVINGER, NORWAY- Speech by Norway central bank Governor Oystein Olsen. STOCKHOLM- Riksbank general council meeting- 1200 GMT.

  • NEW YORK- Federal Reserve chair Janet Yellen holds a news conference- 1930 GMT. **HELSINKI- Bank of Finland Governor and European Central Bank council member Erkki Liikanen will speak at a news conference focused on the outlook of Finnish economy and the state of the country's public finances- 0900 GMT. FRANKFURT- European Central Bank governing council meeting.

  • ROME, Dec 12- Italy is ready to pump capital into Monte dei Paschi di Siena if the ailing bank fails to get the 5 billion euros it needs to remain in business from private investors, a Treasury source said on Monday. Italy's third-biggest bank is pressing ahead with a last-ditch attempt to raise the cash on the market this year despite a government crisis triggered...

  • ROME, Dec 12- Italy is ready to pump capital into Monte dei Paschi di Siena if the ailing bank fails to get the 5 billion euros it needs to remain in business from private investors, a Treasury source said on Monday. Italy's third-biggest bank is pressing ahead with a last-ditch attempt to raise the cash on the market this year despite a government crisis triggered...

  • Greek Prime Minister Alexis Tsipras

    Greece's Parliament has passed a budget of continued austerity as mandated by the country's creditors, but which forecasts robust growth for 2017.

  • SANTIAGO- Central Bank of Chile announces interest rate decision. TBILISI- National Bank of Georgia holds monetary policy committee meeting. JAKARTA- Indonesia Central Bank holds board of governors meeting.

  • ROME, Dec 6- Italy is preparing a state bailout for Monte dei Paschi di Siena as the bank's hopes of being saved by private funding fade following Prime Minister Matteo Renzi's decision to quit, sources close to the matter said on Tuesday. Monte dei Paschi must raise 5 billion euros by the end of December to avert the risk of being wound down, but investors are...

  • BRUSSELS, Dec 5- Euro zone finance ministers hope to reach a compromise on Greek reforms on Monday in a final bid to get International Monetary Fund support for its bailout programme by the end of the year. Greece is required by its euro zone creditors to pass wide-ranging reforms and sell state assets under an 86 billion euros bailout programme, but negotiators...

  • ATHENS, Dec 2- Greece expects to reach an initial agreement with its official creditors at a meeting of euro zone finance ministers on Monday on the fiscal targets and reforms it needs to adopt to conclude its latest bailout review, a government official said on Friday. Greece received 240 billion euros from two earlier bailouts and is due to get 86 billion under...

  • ATHENS, Dec 2- Greece expects to reach an initial agreement with its official creditors at a meeting of euro zone finance ministers on Monday on the fiscal targets and reforms it needs to adopt to conclude its latest bailout review, a government official said on Friday. Greece received 240 billion euros from two earlier bailouts and is due to get 86 billion under...

  • ATHENS, Dec 2- Greece expects to reach an initial agreement with its official creditors at a meeting of euro zone finance ministers on Monday on the fiscal targets and reforms it needs to adopt to conclude its latest bailout review, a government official said on Friday. Greece received 240 billion euros from two earlier bailouts and is due to get 86 billion under...

  • ATHENS, Dec 2- Greece expects to reach an initial agreement with its official creditors at a meeting of euro zone finance ministers on Monday on the fiscal targets and reforms it needs to adopt to conclude its latest bailout review, a government official said on Friday. Greece received 240 billion euros from two earlier bailouts and is due to get 86 billion under...

  • STOCKHOLM- Riksbank Deputy Governor Martin Floden talks about monetary policy and the economic situation- 0735 GMT. BERLIN- German Chancellor Angela Merkel, World Bank Group President Jim Yong Kim, German Finance Minister Wolfgang Schaeuble and Bundesbank President Jens Weidmann to attend Germany's G20 presidency. NEW YORK- Federal Reserve Bank of Dallas...

  • JOHANNESBURG- South African Finance Minister Pravin Gordhan will engage business leaders in a closed pre- World Economic Forum meet- 0800 GMT. STOCKHOLM- Riksbank Deputy Governor Martin Floden talks about monetary policy and the economic situation- 0735 GMT. BERLIN- German Chancellor Angela Merkel, World Bank Group President Jim Yong Kim, German Finance...

  • STOCKHOLM- Riksbank Deputy Governor Martin Floden talks about' The Search for Growth- The Financial System and the Real Economy'- 0815 GMT. BRUSSELS- European Central Bank President Mario Draghi gives introductory statement at the quarterly hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels- 1400 GMT.

  • ATHENS, Nov 26- Greece has made headway in its bailout review and can discuss short-term debt relief measures with its official lenders next month, EU Economic Affairs Commissioner Pierre Moscovici said in an interview with a Greek newspaper. Greece's official creditors- the European Stability Mechanism, the ECB and the IMF- are assessing its delivery on...