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  • BRUSSELS/ ATHENS, July 21- Greece and its euro zone partners formally launched talks on July 17 designed to lead to a third bailout programme for Athens that could total 86 billion euros over three years. Greece also secured bridge financing of 7.16 billion euros on the same day for a three-month period to tide it over until the bailout package is agreed.

  • ATHENS, Greece— Under Alexis Tsipras, Greece slid back into recession, sank deeper into debt and found itself pushed to the brink of bankruptcy. But the telegenic prime minister is more popular than ever— testament to how his defiance of Europe has struck a chord with a nation fed up with sacrifices imposed from outside. As Greece's economy tanked under his...

  • UPDATE 1-Greece looks to seal bailout deal in weeks Tuesday, 21 Jul 2015 | 8:48 AM ET

    ATHENS, July 21- Greece should wrap up bailout talks with international lenders by August 20, once parliament approves the second package of measures demanded by creditors on Wednesday, the government's spokeswoman said. But he said last week he aimed to seal the bailout accord, which could offer Greece up to 86 billion euros in new loans to bolster its tottering...

  • ATHENS, Greece— Greece's government spokeswoman says talks with the country's creditors for a new multibillion-euro rescue package will begin right after parliament approves laws on propping up and winding up banks. She said negotiations on the new bailout will conclude on Aug. 20. Gerovasili said Greece already met other conditions outlined by creditors...

  • ATHENS, Greece— How much did you say? Giorgos Kavvathas, head of Greece's Small Business Association, reckons the tax hikes will burden an average Greek family's budget by 60 euros per month. MEAT: For lovers of one of Greece's staple fast-foods— the classic souvlaki— Monday's changes should not cost you anymore as the sales tax on pork has been left at 13 percent.

  • ATHENS, Greece— Greece set a series of landmarks Monday it hopes will shore up its battered economy following months of crisis that threatened its place in the euro. Banks reopened after more than three weeks, and the cash-strapped country got enough money from European creditors to pay around 2 billion euros it owed to the International Monetary Fund.

  • SINGAPORE, July 20- The dollar hit a three-month high against a basket of major currencies on Monday, after solid U.S. inflation and housing data supported expectations for the Federal Reserve to raise interest rates in coming months. The greenback is coming off its best weekly performance in about two months, having risen last week after Fed Chair Janet Yellen...

  • SINGAPORE, July 20- The dollar hit a three-month high against a basket of major currencies on Monday, after solid U.S. inflation and housing data supported expectations for the Federal Reserve to raise interest rates in coming months. The greenback is coming off its best weekly performance in about two months, having risen last week after Fed Chair Janet Yellen...

  • UPDATE 1-Italy PM says will abolish home tax from 2016 Saturday, 18 Jul 2015 | 9:19 AM ET

    ROME, July 18- Italian Prime Minister Matteo Renzi on Saturday pledged to abolish a much-hated property levy next year and make further tax cuts in the future, and said his plan to bolster growth would not upset public finances. Speaking at a party assembly outside Milan, Renzi said he would eliminate a tax on primary residences from 2016. Renzi did not say how much...

  • *Greece and the Eurozone on Eikon: http://tmsnrt.rs/1LlrwQw. BERLIN, July 17- German lawmakers gave their go-ahead on Friday for the euro zone to negotiate a third bailout for Greece, but a warning from Chancellor Angela Merkel that the alternative was chaos failed to prevent a hefty rebellion in her own party. Merkel's finance minister, Wolfgang Schaeuble, had...

  • BERLIN, July 17- German lawmakers gave their go ahead on Friday for the euro zone to negotiate a third bailout for Greece, heeding a warning from Chancellor Angela Merkel that the alternative to a deal with Athens was chaos. Popular misgivings run deep in Germany, the euro zone country which has already contributed most to Greece's two bailouts since 2010, about...

  • BERLIN, July 17- German lawmakers gave their go ahead on Friday for the euro zone to negotiate a third bailout for Greece, heeding a warning from Chancellor Angela Merkel that the alternative to a deal with Athens was chaos. Popular misgivings run deep in Germany, the euro zone country which has already contributed most to Greece's two bailouts since 2010, about...

  • BERLIN, July 17- Chancellor Angela Merkel called on German lawmakers on Friday to back negotiations for a third Greek bailout, saying the alternative was chaos and that suggestions Athens might leave the euro temporarily wouldn't work. Schaeuble himself has suggested Greece might be better off taking a "time-out" from the euro zone to sort out its daunting...

  • ATHENS, Greece— Greece's proposed bailout cleared further key hurdles Friday after German lawmakers overwhelmingly gave their backing to another financial rescue and the European Union said it would release a short-term loan to ensure Athens avoids a debt default. In a statement, the European Stability Mechanism said it approved a "decision to grant, in...

  • BERLIN, July 17- German lawmakers are expected to give the government their clear backing on Friday to start negotiations on a third bailout programme for Greece, despite Finance Minister Wolfgang Schaeuble questioning whether it will succeed. The positive soundings from lawmakers came despite popular misgivings in Germany about funnelling more aid to...

  • METALS-London copper eyes lower close for a second week Thursday, 16 Jul 2015 | 9:07 PM ET

    MELBOURNE, July 17- London copper was set to close lower for a second week on Friday as a seasonal demand lull and concerns over China's stockmarket stability kept risk appetite in check. *Europe moved to re-open funding to Greece's stricken economy on Thursday after the parliament in Athens approved a new bailout programme in a fractious vote that left the...

  • MANILA, July 17- Gold held near its lowest level in eight months on Friday and is set to extend its losing run to a fourth week, pressured by expectations that the Federal Reserve will raise interest rates this year. *Spot gold was little changed at $1,143.96 an ounce by 0043 GMT, not far above Thursday's trough of $1,142.10, its lowest since November 2014.

  • ATHENS, July 16- European creditors moved cautiously towards re-opening funding to Greece's stricken economy on Thursday, hours after a fractious Greek parliament approved a tough bailout program aimed at preventing a chaotic exit from the euro. Prime Minister Alexis Tsipras won the backing of parliament in the early hours of Thursday for the stringent...

  • LONDON, July 16- Stocks jumped and euro zone bond yields fell on Thursday after Greece's parliament approved a bailout plan, while the dollar hit a six-week high after Federal Reserve Chair Janet Yellen reinforced expectations for a U.S. rate hike. Relief was the dominant sentiment ahead of the European Central Bank's policy decision, as Athens's approval of...

  • *Spain, Italy have one trillion euros to fund by 2017. LONDON, July 16- At 86 billion euros, Greece's latest bailout package is less than 10 percent of the sum Italy and Spain need to borrow on markets before the end of 2017. The euro zone's debt problems are far from over. No one is predicting investors will shun the likes of Spain and Italy, as they have with Greece.