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Economic Regions PIIGS

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  • July 14- Greece will need far bigger debt relief than euro zone partners have been prepared to envisage so far due to the devastation of its economy and banks in the last two weeks, a confidential study by the International Monetary Fund seen by Reuters shows. European countries would have to give Greece a 30- year grace period on servicing all its European debt,...

  • July 14- Greece will need debt relief far beyond what euro zone partners have been prepared to consider due to the devastation of its economy and banks in the last two weeks, a confidential study by the International Monetary Fund seen by Reuters shows. The updated debt sustainability analysis was sent to euro zone governments late on Monday, hours after Athens...

  • ATHENS, July 14- Lawmakers from Greece's ruling Syriza party and their allies were arguing behind closed doors on Tuesday about whether to back sweeping reforms the government must ram through parliament as it races to meet the terms of an unpopular bailout deal. Having staved off financial meltdown with a new agreement from Greece's creditors, Prime...

  • *Greece to open talks on third bailout worth 86 billion euros. BRUSSELS/ ATHENS, July 13- Greece's leftwing Prime Minister Alexis Tsipras faces a showdown with rebels in his own party on Tuesday furious at his capitulation to German demands for one of the most sweeping austerity packages ever demanded of a euro zone government. Just hours after a deal that saw...

  • *Greece to open talks on third bailout worth 86 billion euros. BRUSSELS/ ATHENS, July 13- Greece's leftwing Prime Minister Alexis Tsipras faces a showdown with rebels in his own party on Tuesday furious at his capitulation to German demands for one of the most sweeping austerity packages ever demanded of a euro zone government. Just hours after a deal that saw...

  • *Greece needs 3.5 bln euro by July 20 to avoid defaulting on ECB. BRUSSELS, July 13- Euro zone finance ministers asked experts on Monday to prepare options of bridge financing for Greece during four-week talks on a third bailout and expect to decide on one of them by Wednesday morning, the chairman of the ministers said. The opening of talks on a new Greek bailout of 82-...

  • *Oil up slightly as Iran nuclear deal looms. NEW YORK, July 13- World equity prices climbed on Monday as investors welcomed a conditional agreement to open talks aimed at keeping Greece afloat with a bailout and within the euro zone. European equities jumped almost 2 percent while Wall Street gained about 1 percent after euro zone leaders made Greece surrender...

  • *Greece to open talks on third bailout worth 86 billion euros. BRUSSELS, July 13- Euro zone leaders made Greece surrender much of its sovereignty to outside supervision on Monday in return for agreeing to talks on an 86 billion euros bailout to keep the near-bankrupt country in the single currency. The terms imposed by international lenders led by Germany in...

  • *Oil tumbles as Iran nuclear deal looms. LONDON/ NEW YORK, July 13- World equity markets climbed on Monday, welcoming new talks to keep Greece afloat with a bailout and within the euro zone, even as the single European currency weakened with a final Greek deal yet to be agreed. European equity markets rose more than 1 percent and Wall Street gained almost as much after...

  • Eurogroup to discuss bridge financing for Greece Monday, 13 Jul 2015 | 10:41 AM ET

    *Greece needs 3.5 bln euro by July 20 to avoid defaulting on ECB. BRUSSELS, July 13- Euro zone finance ministers will discuss on Monday how to keep Greece financed during the time it will need to agree a third bailout, but none of the options under consideration appear easy, officials said. Greece hopes to start talks on a bailout of up to 86 billion euros at the end of the...

  • *Greece to open talks on third bailout worth 86 billion euros. BRUSSELS, July 13- Euro zone leaders made Greece surrender much of its sovereignty to outside supervision on Monday in return for agreeing to talks on an 86 billion euros bailout to keep the near-bankrupt country in the single currency. The terms imposed by international lenders led by Germany in...

  • LONDON, July 13- A bailout deal for Greece and Chinese shares' bounce to two-week highs helped lift emerging stocks by 1 percent on Monday, with the sharpest gains seen in eastern Europe. Euro zone leaders agreed on a roadmap to a possible third bailout for Greece after night-long haggling, sparking gains on equity and peripheral bond markets, even though the deal...

  • *Greece to open talks on third bailout worth 86 billion euros. BRUSSELS, July 13- Euro zone leaders clinched a deal with Greece on Monday to negotiate a third bailout to keep the near-bankrupt country in the euro zone after all-night talks at an emergency summit. However, the terms imposed by international lenders led by Germany may put more pressure on leftist...

  • European shares surge on Greek debt deal, banks lead Monday, 13 Jul 2015 | 4:32 AM ET

    *Euro STOXX 50 up 1.4 pct, FTSEurofirst 300 up 1.3 pct. LONDON, July 13- European shares surged on Monday after euro zone leaders reached an agreement to move forward with a bailout loan for Greece following all-night talks in Brussels. Germany's DAX, France's CAC and Britain's FTSE 100 rose 0.7 to 1.6 percent.

  • BRUSSELS, July 13- Euro zone leaders clinched a deal with Greece on Monday to negotiate a third bailout to keep the near-bankrupt country in the euro zone after a whole night of haggling at an emergency summit. All ready to go for ESM program for Greece with serious reforms and financial support, " European Council President Donald Tusk announced on Twitter,...

  • BRUSSELS, July 13- Euro zone leaders argued through the night with near-bankrupt Greece about terms for a third bailout to keep the country in the euro zone but the emergency summit was still deadlocked at breakfast time on Monday. As the hours ticked away overnight, most of the leaders were forced to cool their heels, playing computer games or taking a nap in their...

  • *Euro zone says Greece must pass reform laws before bailout talks. *Without third bailout, bankrupt Greece will lose the euro. BRUSSELS, July 13- Euro zone leaders argued late into the night with near-bankrupt Greece at an emergency summit, demanding that Athens enact key reforms this week to restore trust before they will open talks on a financial rescue to keep it...

  • BRUSSELS, July 13- A list of demands handed to the Greek government in order to secure a European bailout inspired a social media backlash against Germany and its hawkish finance minister, Wolfgang Schaeuble. #ThisIsACoup was the second top trending hashtag on Twitter worldwide- and top in Germany and Greece- as euro zone leaders argued through the night to...

  • FOREX-Euro unnerved as Greek deal remains elusive Sunday, 12 Jul 2015 | 7:08 PM ET

    *Euro zone says Greece must pass reform laws before bailout talks. SYDNEY, July 13- The euro fell broadly early on Monday after a weekend emergency summit billed as the' final meeting on Greece' ended with no deal but just more deadlines, dealing a blow to investors who had hoped for some kind of resolution to Athens' debt crisis. The inconclusive talks on Sunday, which...

  • BRUSSELS, July 12- The Eurogroup of finance ministers offered their leaders a choice of wording on Sunday if a deal cannot be struck on a bailout for Greece- giving Athens a "time-out" from the euro zone and possible debt writeoffs. A four-page document from the ministers, being reviewed at a summit of euro zone leaders and seen by Reuters, concludes a long list of...