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Economic Regions PIIGS

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  • MADRID, July 23- Spain's jobless rate dropped to its lowest level in over three years in the second quarter, offering a boost to Prime Minister Mariano Rajoy as he seeks to persuade voters that an economic recovery is taking root. At 22.4 percent, the unemployment rate is still higher than anywhere else in Europe bar crisis-hit Greece and it has not dipped below a...

  • Spain's jobless rate drops as government eyes elections Thursday, 23 Jul 2015 | 3:42 AM ET

    MADRID— Statistics released Thursday said Spain's unemployment rate dropped to 22.4 percent in the second quarter, welcome news for the governing Popular Party as it prepares for upcoming general elections. Spain's jobless rate is still the second highest in the EU after that of Greece. Prime Minister Mariano Rajoy said Thursday the figures were "excellent,"...

  • South Korea's economy recorded its weakest expansion in six years in the second quarter, battered by a deadly virus outbreak and poor exports, while Japan reported strengthening export growth in June but concern remained about how shipments to China might be affected by its slowing economy. The MSCI's broadest index of Asia-Pacific shares outside Japan...

  • *For Eikon page on Greece and the euro zone, click http://tmsnrt.rs/1LlrwQw. ATHENS, July 23- Greek Prime Minister Alexis Tsipras contained a rebellion in his left-wing Syriza party to win parliamentary approval on Thursday for a second package of reforms required to start talks on a financial rescue deal. The bill that lawmakers voted on early Thursday...

  • *For Eikon page on Greece and the euro zone, click http://tmsnrt.rs/1LlrwQw. ATHENS, July 22- Greece's leftist government tried on Wednesday to contain a rebellion in Prime Minister Alexis Tsipras' Syriza party ahead of a vote in the evening on reforms required to start talks on a rescue deal. "We are making an effort to have fewer dissenters," Health Minister...

  • *For Eikon page on Greece and the euro zone, click http://tmsnrt.rs/1LlrwQw. ATHENS, July 22- Greece's leftist government urged disgruntled lawmakers on Wednesday to back reforms required for talks on a rescue deal to start, as Prime Minister Alexis Tsipras faced his second major test in parliament in a week. "We are making an effort to have fewer dissenters,"...

  • ATHENS, Greece— Greece's radical left-led government emerged bloodied but alive early Thursday from a key vote in parliament, which overwhelmingly approved new creditor-demanded reforms despite a revolt among hardliners in the main coalition partner. Without the money Greece would face financial ruin and forced exit from the euro currency club.

  • Greek PM Tsipras faces key bailout vote test on Wednesday Wednesday, 22 Jul 2015 | 2:43 AM ET

    *For Eikon page on Greece and the euro zone, click http://tmsnrt.rs/1LlrwQw. ATHENS, July 22- Greek Prime Minister Alexis Tsipras faces his second major test in a week in parliament on Wednesday over reforms he wants lawmakers to adopt so bailout talks to keep the country in the euro can begin. Tsipras is likely to need opposition votes again for measures...

  • S&P raised its rating for Greece to CCC+ from CCC-, saying the country's liquidity perspective has improved after euro zone finance ministers last week gave their initial consent to a three-year loan programme to keep the country in the euro. "We think opportunities for Greece to default on commercial debt this year are few," S&P said in a report.

  • ATHENS, July 21- Greek Prime Minister Alexis Tsipras tried to rally his leftwing Syriza party on Tuesday ahead of a vote in parliament on the second package of measures demanded by international creditors as a condition for opening talks on a new bailout deal. Talking to Syriza officials on the eve of the vote, he said he aimed to seal the bailout accord, which could...

  • 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...