Europe Top News and Analysis Greece

  • ATHENS, Oct 17- Greece's National Bank said on Wednesday it had ended talks with Shanghai- based Gongbao Group on the potential sale of a majority stake in its wholly-owned insurance subsidiary. The bank, Greece's second-largest by assets, said no further negotiations with Gongbao would be pursued. NBG had put its National Insurance business up for sale as part...

  • Klaus Regling, managing director of the European Stability Mechanism. 

    Over the last eight years during the euro crisis, Italy never lost market access, Klaus Regling, managing director for the European Stability Mechanism, told CNBC at the IMF and World Bank annual meetings in Bali, Indonesia. 

  • Italy was 'always in a much better situation' than Greece: ESM

    Klaus Regling of European Stability Mechanism explains why the comparisons between Italy and Greece are "not quite fair."

  • Italy's Interior Minister, Matteo Salvini arrives on October 8, 2018 to the headquarters of the Unione Generale del Lavoro (UGL, General Union of Labor) trade union in Rome.

    The yield on the 10-year Italian government bond is currently at 3.58 percent — the highest level in over five years.

  • Reaction Inside Frankfurt Stock Exchange Following Global Stock Tumble

    Markets in Europe closed Thursday's sharply lower, weighed down by weakness seen in markets overseas.

  • LONDON, Oct 3- European Union banks should be allowed to continue using British clearing houses for derivatives transactions even under a no-deal Brexit, a top EU regulator said on Wednesday, in an effort to quell rising concern in markets. Cross-border banks fear that if Britain crashes out of the bloc, they could no longer use LCH, a unit of the London Stock...

  • COPENHAGEN, Oct 2- Denmark has proposed a ban on the sale of new petrol and diesel cars from 2030 and hybrid from 2035, joining international efforts to promote electric-only vehicles to reduce air pollution and combat climate change. Britain and France have both pledged to ban new petrol and diesel cars from 2040 in move that could hit the wealth of oil...

  • A woman walks past a graffiti refering to the Greek debt and reading 'Forever a loan' outside the Academy of Athens building on August 28, 2017.

    Greece could be about to start another fight with its creditors and the financial markets.

  • A woman casts her vote at a polling station on September 30, 2018 in Tetovo, Macedonia. Macedonians all across the country went to the polls on Sunday to vote in a referendum to change the country's name to the 'Republic of North Macedonia' and end a long running dispute with Greece.

    Macedonia's prime minister pledged on Sunday to press on with a vote in parliament to change the country's name to resolve a decades-old dispute with Greece, despite failing to secure the 50 percent turnout at a referendum required to make it valid. 

  • LONDON, Sept 17- European shares recovered from a weak start on Monday and closed in positive territory after a choppy session amid reports U.S. The pan-European STOXX 600 reversed early losses to rise 0.1 percent at the close, while Germany's DAX, home to large exporters and carmakers, was down 0.2 percent. "I think the market has digested more or less all this...

  • LONDON, Sept 17- European shares recovered rapidly from a weak start on Monday after reports U.S. Despite China's Foreign Ministry also saying it would respond to Trump's threat, an early fall across European benchmarks evaporated with just Germany's DAX still in the red by 0840 GMT. The pan-European STOXX 600 reversed early losses to rise 0.2 percent, while...

  • Greek Finance Minister Euclid Tsakalotos attends a eurozone finance ministers meeting in Brussels, Belgium May 22, 2017.

    "We will have new easing (of capital controls) very soon," Euclid Tsakalotos was quoted as saying in an interview with Naftemporiki newspaper.

  • *General election due by October 2019 at the latest. *PM gears up for' mother of all battles' in vote. ATHENS, Aug 27- Greek Prime Minister Alexis Tsipras saw his interior minister take up a key post in his leftist Syriza party on Monday, heralding a cabinet reshuffle to shore up waning support after painful bailouts.

  • ATHENS, Aug 27- Workers at Hellenic Petroleum on Monday physically prevented suitors eyeing a majority stake in Greece's biggest oil refiner from entering two of its sites in protest at plans to privatize the utility, a union spokesman said. While privatizations have been a key part of successive bailout agreements Greece has struck since 2010, they have been...

  • ATHENS, Aug 21- Prime Minister Alexis Tsipras hailed the end of a "modern-day Odyssey" on Tuesday after Greece emerged from nine years of bailouts, saying it should never forget the harsh lessons learned under tight financial supervision by its creditors. Looking sombre, Tsipras said: "We will not commit the affront of ignoring the lessons of the bailout on Greece.

  • ATHENS, Aug 21- Prime Minister Alexis Tsipras hailed the end of a "modern-day Odyssey" on Tuesday after Greece emerged from nine years of bailouts, saying it should never forget the harsh lessons learned under tight financial supervision by its creditors. Looking sombre, Tsipras said: "We will not commit the affront of ignoring the lessons of the bailout on Greece.

  • *Greece's primary dealers say large premium not worth it. LONDON, Aug 20- Greece celebrated the end of eight years of bailouts on Monday, but expectations that it will mark its new-found fiscal independence with a much-anticipated bond sale next month may be dashed as wider tensions play out. Three of Greece's primary dealers- banks appointed to buy government...

  • According to one expert, Greece remains in the hands of its creditors and is under an "informal" fourth bailout program.

  • *Greece emerges from biggest financial bailout in history. *Greece turning a corner, says spokesman. ATHENS, Aug 20- Greece emerged from the biggest bailout in economic history on Monday after nine years of creditor-mandated austerity, with European institutions hailing the exit a success but jaded Greeks finding little reason to celebrate.

  • Greece emerges from almost a decade of bailouts

    CNBC's Michelle Caruso Cabrera reports on the country exiting its bailout and what the next steps are for the country.