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Economic Regions PIIGS

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  • *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...

  • 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.

  • LONDON, July 16- Stocks rose and euro zone bond yields fell on Thursday as investors welcomed Greek parliamentary approval of 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 across European markets, ahead of the European Central Bank's...

  • ECB to weigh funding boost for Greece Thursday, 16 Jul 2015 | 2:10 AM ET

    FRANKFURT, July 16- Greece's approval of a bailout deal overnight could persuade the European Central Bank to ease its funding squeeze on Athens as soon as Thursday, the first step in reopening banks and returning some normality to its stricken economy. Making a symbolic gesture, the bank could increase Emergency Liquidity Assistance when its Governing...

  • SINGAPORE/ TOKYO, July 16- The euro edged lower on Thursday after Greece's parliament approved the austerity plan demanded by its lenders, while the U.S. dollar firmed as the Federal Reserve chief did not waver from her views that a rate hike was on the cards this year. Worries about Greece exiting the euro zone waned after Athens agreed to a debt deal with its...

  • *Greek PM needed opposition support to pass bailout bill. ATHENS, July 15- The Greek parliament passed sweeping austerity measures demanded by lenders to open talks on a new multibillion-euro bailout package to keep Greece in the euro, but dozens of hardliners in the ruling Syriza party deserted Prime Minister Alexis Tsipras. In exchange for funding worth up to...

  • TOKYO, July 16- The euro edged lower on Thursday after Greece's parliament approved the austerity plan demanded by its lenders, while the U.S. dollar firmed as the Federal Reserve chief did not waver from her views that a rate hike was on the cards this year. The outcome in Athens clears the way for talks on a third bailout from European partners, but clouds the future...

  • BRUSSELS, July 15- The European Commission published on Wednesday its assessment of Greece's bailout request, taking a different view of Athens' debt sustainability than the IMF, but also signalling a possibility of debt relief. A day after the IMF published its latest assessment, saying Greece would require extensive debt relief from its mostly euro zone...

  • *Kuroda upbeat on China, urges Beijing to continue liberalisation. TOKYO, July 15- The Bank of Japan trimmed its economic growth forecast but held off on offering fresh stimulus on Wednesday, anticipating a pick-up in consumption will nudge inflation toward its 2 percent target. While cautiously upbeat on China's growth prospects, he urged Beijing to continue...

  • BOJ trims growth forecast as exports weaken Wednesday, 15 Jul 2015 | 2:52 AM ET

    The Bank of Japan trimmed its economic growth forecast on Wednesday but held off on offering fresh stimulus.

  • TOKYO, July 15- The Bank of Japan trimmed its economic growth forecast on Wednesday but held off on offering fresh stimulus, convinced that an expected pick up in consumption will help accelerate inflation toward its 2 percent target. BOJ Governor Haruhiko Kuroda reiterated his optimism on the global outlook, pointing to data showing China's economy grew a...

  • *Governor Kuroda to brief media 0630 GMT. TOKYO, July 15- The Bank of Japan trimmed its economic growth forecast on Wednesday but held off on offering fresh stimulus, convinced that an expected pick up in consumption will help accelerate inflation toward its 2 percent target. The BOJ's growth forecasts are not too far off the mark, but the inflation forecasts look...