Economic Regions PIIGS

  • *Greece has enacted series of reforms to get funds. ATHENS, May 30- Greece has told its European and International Monetary Fund creditors it cannot implement some of the extra changes sought in exchange for fresh bailout loans, three sources close to the talks said on Monday. Last week, after months of negotiations, Greece and its lenders concluded a key bailout...

  • ATHENS, May 30- Greece has told its European and International Monetary Fund creditors it cannot implement some of the extra changes sought in exchange for fresh bailout loans, three sources close to the talks said on Monday. The move, if confirmed, could further delay the disbursement of the bailout funds which Athens badly needs to pay off IMF loans in June and...

  • ATHENS, May 26- Greece's finance minister said on Thursday he hoped Athens could swiftly qualify for the European Central Bank's quantitative easing program after the successful conclusion of its first bailout review this week. After six months of tense talks, Greece reached a deal with its foreign creditors which will unlock desperately needed bailout...

  • *Greece to get 10.3 bln euros new cash, 7.5 bln of it in June. BRUSSELS, May 25- Euro zone governments on Wednesday offered Greece debt relief in 2018, but left key details for later in a bid to bridge Germany's view that no immediate action was needed and the International Monetary Fund's call for decisions now. But the bigger step forward was the debt relief deal...

  • Traders say several polls show Britain will vote strongly to stay in the European Union. *Euro zone finance ministers agreed with Greece and the International Monetary Fund on a deal that will address Athens' requests for debt relief. *Fed speakers scheduled to speak later on Wednesday include Federal Reserve Bank of Philadelphia President Patrick Harker,...

  • LONDON, May 25- European equities jumped to a four-week high on Wednesday, with banks buoyed after politicians made progress on talks over securing a debt relief deal for Greece, and energy shares rising on the back of a rally in oil. Greek shares rose 0.7 percent after euro zone finance ministers agreed with Greece and the International Monetary Fund on a deal...

  • *Greece to get 10.3 bln euros new cash, 7.5 bln of it in June. BRUSSELS, May 25- The euro zone gave Greece its firmest offer yet of debt relief in what finance ministers called a breakthrough deal that won a provisional commitment from the IMF to return to taking part in the bailout for Athens, heartening investors. After talks that lasted into the small hours of...

  • *Rising support for Europe in Britain helps pound. TOKYO/ SINGAPORE, May 25- Asian shares jumped on Wednesday, taking cues from sharp gains in European and U.S. markets, while the dollar firmed as upbeat U.S. home sales supported the view that the economy may be strong enough for the Federal Reserve to raise interest rates in coming months. MSCI's broadest index of...

  • *Greece to get 10.3 bln euros new cash, 7.5 bln of it in June. BRUSSELS, May 25- The euro zone gave Greece its firmest offer yet of debt relief in what finance ministers called a breakthrough deal that won a commitment from the IMF finally to return to taking part in the bailout for Athens. After talks that lasted into the small hours of Wednesday, the Eurogroup ministers...

  • *Spot gold was little changed at $1,226.41 per ounce by 0033 GMT. *Further interest rate hikes by the U.S. central bank will be "good news" for the world because they will show its largest economy is in good health, though they could pose a challenge for emerging markets, European Central Bank Vice President Vitor Constancio said on Tuesday. *Euro zone finance...

  • BRUSSELS, May 25- Euro zone finance ministers agreed with Greece and the International Monetary Fund on Wednesday on a deal that will address Athens' requests for debt relief, French Finance Minister Michel Sapin said. "This agreement is act of confidence in today's Greece," he told reporters as he left a meeting in Brussels in the early hours.

  • WEDNESDAY, MAY 25 HOUSTON, United States- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer session before the Greater Houston Partnership Thought Leader Series- 1700 GMT. MADRID- European Central Bank Chief Economist Peter Praet speaks at the 2016 IIF Spring Membership Meeting on "Monetary Policy...

  • MONDAY, MAY 23 BEIJING- Federal Reserve Bank of St. Louis President James Bullard gives Beijing City Lecture on the U.S. economy and monetary policy before the Official Monetary and Financial Institution Forum- 0930 GMT. ROME- IMF head of mission Rishi Goyal and vice director for Europe Thanos Arvanitis hold a news conference to discuss their latest annual...

  • BEIJING, China- Federal Reserve Bank of St. Louis President James Bullard gives Beijing City Lecture on the U.S. economy and monetary policy before the Official Monetary and Financial Institution Forum- 0930 GMT. PHILADELPHIA- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook at event, "An Evening with Federal...

  • WASHINGTON, May 19- Signaling a tough stance on Greek debt relief talks, a senior International Monetary Fund official said on Thursday that the negotiations should focus on a long grace period, maturity extensions and "very low interest rates". Euro zone finance ministers are due to meet next Tuesday to try to clinch a deal with Greece on a package of contingency...

  • BRUSSELS, May 18- The euro zone and International Monetary are struggling with Greece's debt crisis- not with Athens this time, but with each other over when to give Greece a break on its future massive debt repayments. The euro zone has begun talks on debt relief for Greece but wants to postpone the final decision until 2018; the IMF insists Greek debt repayment is...

  • FRANKFURT- The European Central Bank Governing Council meeting. STAVANGER, Norway- Norges Central Bank Governor Oystein Olsen will give a lecture on the topic "Monetary policy then and now"- 0715 GMT. STAVANGER, Norway- Norges Bank Investment Management Chief Executive Yngve Slyngstad will give a lecture on the topic "oil fund- savings for future generations"- 0715...

  • ATHENS, May 16- Greece's parliament will vote on a new package of tax hikes and reforms demanded by its international lenders on Sunday, two days before euro zone finance ministers assess whether Athens qualifies for much-needed bailout loans. Passing the reforms before the Eurogroup meeting on May 24, is a demand of international lenders to wrap up the review...

  • *Athens hopes to finish bailout review on May 24. ATHENS, May 14- Greece will return to credit markets next year if the country's international creditors offer debt relief measures at a crucial May 24 meeting of euro zone finance ministers, Prime Minister Alexis Tsipras told a newspaper on Saturday. Tsipras's government aims to conclude a review of its progress...

  • DUBLIN, May 13- Finance ministers from the world's largest developed economies met in Germany a year ago against a backdrop of faltering global growth, scant inflationary pressures and the latest chapter in the Greek debt crisis. Only unusually smooth talks between Athens and its lenders may keep Greece off the agenda this time around. Whether explicitly on...