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Economic Regions PIIGS

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  • MADRID, July 30- Spain's economy grew at its fastest rate since 2007 in the second quarter with more growth expected ahead, although the pace of recovery may flag as the effect of supportive cheap money and low inflation starts to wear off. Since Spain emerged from a prolonged downturn in mid-2013, economic growth has been driven by a steady rise in consumer...

  • ATHENS/ BRUSSELS, July 28- Conflicting statements and denials flew between Athens and Brussels on Tuesday in a war of nerves highlighting the depth of mutual mistrust over a new round of negotiations on an 86 billion euro bailout that started this week. Differences included the pace and conduct of bailout talks, whether or not Greece needs to enact further laws...

  • BRUSSELS/ ATHENS, July 27- Talks between Greece and its international creditors on a third bailout began in Athens on Monday but the lenders want to see more reforms turned into law before they disburse the first loans to keep the near-bankrupt country afloat. The government of Prime Minister Alexis Tsipras has pushed two packages of measures through...

  • *Iran deal likely boosted industry expectations-economist. BERLIN, July 27- Business confidence in Germany unexpectedly improved in July after two monthly drops as an agreement between Greece and its creditors for talks on a third bailout lifted the mood at firms in Europe's largest economy. Ifo president Hans-Werner Sinn said the easing of the crisis had...

  • BERLIN, July 27- Business confidence in Germany improved in July after two monthly drops as an agreement between Greece and its creditors for talks on a third bailout lifted the mood at firms in Europe's largest economy. Hans-Werner Sinn, president of Ifo think tank, said the easing of that crisis had helped boost sentiment in Germany. Last week Germany and Iran...

  • ATHENS, July 25- Talks between Greece and its international creditors over a new bailout package should go ahead on Monday after logistical issues that delayed meetings this week are resolved, a Greek official said on Saturday. The meetings with officials from the European Commission, European Central Bank and International Monetary Fund had been expected...

  • Greek bailout talks to start on Monday after delay Saturday, 25 Jul 2015 | 8:01 AM ET

    ATHENS, July 25- Talks between Greece and its international creditors over a new bailout package should go ahead on Monday after logistical issues that delayed meetings this week are resolved, a Greek official said on Saturday. The meetings with officials from the European Commission, European Central Bank and International Monetary Fund had been expected...

  • BRUSSELS/ ATHENS, July 24- Talks on tying up a new bailout deal for Greece failed to start on Friday as had been expected, with officials blaming security worries for delaying the negotiations with international creditors who are detested by many Greeks. But representatives of Greece's creditor institutions- the European Commission, the European Central Bank...

  • *PMI points to euro zone Q3 GDP growth of 0.4 pct- Markit. LONDON/ SYDNEY, July 24- The global economy started the second half of the year on shaky ground as business activity in the euro zone was weaker than expected and China's vast factory sector appeared to be contracting at the fastest pace in 15 months in July. Markit's purchasing managers' indexes are one of the...

  • ATHENS, July 23- Greece's most influential think tank warned on Thursday of a sharp drop back into recession in a report that came hours after parliament approved a second package of reform measures aimed at securing a new bailout from international lenders. The report underlined the headwinds facing leftwing Prime Minister Alexis Tsipras, who must...

  • 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...

  • 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,"...

  • 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.

  • 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...