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Economic Regions PIIGS

  • *Greece estimates it at 3.5 pct, higher than 0.5 pct target. BRUSSELS, March 24- Euro zone lenders estimate Greece had a primary surplus between 2 and 3 percent of its gross domestic product last year, much higher than the target set under its bailout programme and more than previously forecast, an EU official told Reuters on Friday. Under Greece's 86 billion euro...

  • LISBON, March 24- Portugal slashed its budget deficit last year by more than half to 2.1 percent of gross domestic product, the lowest level since its return to democracy in 1974 and beating the 2.5 percent target agreed with Brussels. Official data showed on Friday the budget gap ended for the first time below the European Union's 3 percent threshold,...

  • BRUSSELS, March 24- By upsetting southern Europeans with remarks about drinking and womanising, Eurogroup president Jeroen Dijsselbloem has damaged his hopes of retaining his job and raised the possibility of a round of horse-trading over key economic posts in the euro zone. Known for his firm line on bailout terms for Greece, he was clear favourite until this...

  • The size of Greece's primary surplus- the budget balance before debt-servicing costs- is a source of contention between euro zone governments and the International Monetary Fund, which believes the surplus in 2016 was only 0.9 percent. Under Greece's 86 billion euro bailout programme, the third since 2010, Athens was supposed to reach a primary surplus of 0.5...

  • WELLINGTON, March 24- New Zealand Prime Minister Bill English on Friday announced a renewed push to promote free trade in his first major trade policy announcement since taking over as leader last December. New Zealand's $180 billion economy depends on exports, and the country lobbied hard in favour of the Trans-Pacific Partnership trade deal.

  • BRUSSELS, March 23- Italy should draw up ambitious reforms to address its economic weaknesses, one of the European Commission's vice presidents said on Thursday, increasing pressure on the government to press on with unpopular measures before next year's elections. Italy, alongside other EU states, is preparing to send Brussels details of its medium-term...

  • ROME/ BRUSSELS, March 22- Italy's plans to bail out two regional banks pose a dilemma for European regulators, who are still considering whether Monte dei Paschi qualifies for state aid, three months after giving a preliminary green light. Italy is already seeking to use the scheme for its fourth biggest bank, Monte dei Paschi, where the state is expected to inject...

  • ROME/ BRUSSELS, March 22- Italy's plans to bail out two regional banks pose a dilemma for European regulators, who are still considering whether Monte dei Paschi qualifies for state aid, three months after giving a preliminary green light. Italy is already seeking to use the scheme for its fourth biggest bank, Monte dei Paschi, where the state is expected to inject...

  • ROME/ BRUSSELS, March 22- Italy's plans to bail out two regional banks pose a tough dilemma to European regulators, who are still considering whether Monte dei Paschi qualifies for state aid, three months after giving a preliminary green light. Italy is already seeking to use the scheme for its fourth biggest bank Monte dei Paschi, where the state is expected to...

  • Italy hosts the annual meeting of seven of the world's biggest industrialised economies in the town of Taormina in Sicily on May 26-27. "Japan and Europe must collaborate with the United States to continue to hold high the free-trade flag," Abe said. As well as Japan, Italy and the United States, the G7 comprises Britain, France, Canada and Germany.

  • BERLIN, March 20- The European Stability Mechanism-- the euro zone's bailout fund-- should ultimately be turned into a European version of the International Monetary Fund, the head of euro zone finance ministers said on Monday in a German newspaper. He said that would also mean that Greece's current "troika" of lenders- the European Commission, European Central Bank...

  • BADEN-BADEN- European Central Bank Board Member Benoit Coeure and ECB President Mario Draghi will participate in G20 Finance and Central Bank Deputies meeting in Baden-Baden. BRUSSELS- European Central Bank Board Member Benoit Coeure will participate in Eurogroup meeting in Brussels, Belgium. NEW YORK- Chicago Fed President Charles Evans to speak before...

  • BADEN-BADEN- European Central Bank Board Member Benoit Coeure and ECB President Mario Draghi will participate in G20 Finance and Central Bank Deputies meeting in Baden-Baden. BRUSSELS- European Central Bank Board Member Benoit Coeure will participate in Eurogroup meeting in Brussels, Belgium. NEW YORK- Chicago Fed President Charles Evans to speak before...

  • LONDON- Bank of England Chief Economist Andy Haldane gives lecture at London School of Economics- 1820 GMT. NEW YORK- Chicago Fed President Charles Evans to speak before the New York Association for Business Economics. WASHINGTON- Federal Reserve Deputy Director for Division of Bank Supervision and Regulation Maryann Hunter will attend American Bankers...

  • LONDON- Bank of England Chief Economist Andy Haldane gives lecture at London School of Economics- 1820 GMT. NEW YORK- Chicago Fed President Charles Evans to speak before the New York Association for Business Economics. WASHINGTON- Federal Reserve Deputy Director for Division of Bank Supervision and Regulation Maryann Hunter will attend American Bankers...

  • BADEN-BADEN, GERMANY- European Central Bank Board Member Benoit Coeure will participate in G20 Finance and Central Bank Deputies meeting in Baden-Baden. FRANKFURT- German Finance Minister Wolfgang Schaeuble and IMF Managing Director Christine Lagarde speak at a conference in Frankfurt- 1230 GMT. BRUSSELS- European Central Bank Board Member Peter Praet...

  • BADEN-BADEN, GERMANY- European Central Bank Board Member Benoit Coeure will participate in G20 Finance and Central Bank Deputies meeting in Baden-Baden. FRANKFURT- German Finance Minister Wolfgang Schaeuble and IMF Managing Director Christine Lagarde speak at a conference in Frankfurt- 1230 GMT. BRUSSELS- European Central Bank Board Member Peter Praet...

  • FRANKFURT- European Central Bank Board Member Peter Praet will participate in panel of 9th Annual IIF G20 Conference "The G20 Agenda Under the German Presidency" organized by the Institute of International Finance in Frankfurt, Germany- 0930 GMT. FRANKFURT- Federal Banking Symposium "Banking Supervision in Dialogue"- 0800 GMT. FRANKFURT- Riksbank Governor...

  • FRANKFURT- European Central Bank Board Member Peter Praet will participate in panel of 9th Annual IIF G20 Conference "The G20 Agenda Under the German Presidency" organized by the Institute of International Finance in Frankfurt, Germany- 0930 GMT. FRANKFURT- Federal Banking Symposium "Banking Supervision in Dialogue"- 0800 GMT. FRANKFURT- Riksbank Governor...

  • STOCKHOLM- The Riksdag Committee on Finance will hold an open hearing on monetary policy with Riksbank Governor Stefan Ingves and Riksbank Deputy Governor Henry Ohlsson- 0900 GMT. FRANKFURT- European Central Bank President Mario Draghi speaks at the conference on "Fostering Innovation and Entrepreneurship in the Euro Area," initiated by ECB and MIT- 1430 GMT.