Europe Top News and Analysis Greece

  • Greek Agriculture Minister Makis Voridis discusses the impending U.S. tariffs on EU goods and says any European countermeasures must target small American producers.

  • If you want to work remotely and within walking distance of a state park, consider Niagara Falls.

  • LONDON, Oct 15- A growing number of private equity firms are taking advantage of Europe's buoyant bond market to extract money from companies they hold by loading them with debt, prompting some investors to warn the fixed income rally is nearing its peak. Britain's Pinewood Studios, owned by Aermont Capital, and Spanish gaming company Cirsa, owned by Blackstone,...

  • *Turkey condemns move, says will review cooperation with EU. LUXEMBOURG, Oct 14- European Union agreed on Monday to limit arms exports to Turkey over its offensive in northern Syria, prompting condemnation from Ankara, even as they stopped short of a bloc-wide embargo against a NATO ally. Italy, the top arms exporter to Turkey last year, said it would join a ban on...

  • *EU sold 45 mln euros in arms, ammunition to Turkey in 2018. LUXEMBOURG, Oct 14- European Union governments agreed on Monday to limit arms exports to Turkey over its offensive in northern Syria, stopping short of a bloc-wide embargo on a NATO ally. Italy, the top arms exporter to Turkey last year, said it would join a ban on selling weapons and ammunition to Ankara after a...

  • FRANKFURT, Oct 10- The European Central Bank can buy just over one year's worth of German bonds under its new asset-purchase program and must bend its own rules to keep the scheme running longer, risking fresh internal and legal conflict, two sources familiar with the process said. That opened a rift in a normally collegial Governing Council-- conservative...

  • *Optimism around U.S./ China trade talks, Brexit deal. LONDON, Oct 10- Euro zone government bond yields rose to three-week highs on Thursday on optimism around trade U.S./ China trade talks and after the British and Irish prime ministers said they still saw a path to a Brexit deal. Chinese Vice Premier Liu He said on Thursday that China is willing to reach an agreement...

  • BRUSSELS/ ATHENS, Oct 10- Plans to cut bad loans at Greek banks by up to 30 billion euros gained approval on Thursday from the European Union, which said they did not violate state aid rules. Banks in Greece have been working to reduce a pile of about 75 billion euros in bad loans, the legacy of a financial crisis that shrank the country's economy by a quarter.

  • *All eyes on U.S.- China trade negotiations, Brexit talks. LONDON, Oct 10- Euro zone government bond yields increased on Thursday as investors hoped to hear of some progress in U.S.- China trade talks and a crunch meeting between the British and Irish leaders over Brexit. Top trade negotiators from the United States and China were set to meet on Thursday for the...

  • *All eyes on U.S.- China trade negotiations, Brexit talks. LONDON, Oct 10- Euro zone government bond yields rose slightly on Thursday as investors waited to hear on any progress in U.S.- China trade talks and a crunch meeting between the British and Irish leaders over Brexit. Top trade negotiators from the United States and China were set to meet on Thursday for the...

  • LONDON, Oct 8- Government bond yields across the euro area rose on Tuesday after news of an unexpected rise in German industrial output suggested the bloc's powerhouse economy may yet skirt a recession. Greece was also in focus, expected to reopen a 10- year bond as early as this session. "The 0.3% increase in German industrial production comes as a relief, and a bit...

  • LONDON, Oct 7- Portuguese government bonds outperformed on Monday after a credit rating upgrade and elections over the weekend that didn't deliver any surprises. The election followed a credit rating upgrade from DBRS on Friday, which lifted Portugal's rating to BBB. "The polls did suggest the results for the elections and I don't think markets are...

  • BRUSSELS, Oct 7- The slowing euro zone economy needs pre-emptive fiscal stimulus from cash-rich countries like Germany and the Netherlands or it will face a long period of low growth, the European Commission will tell euro zone ministers next week. The Commission addressed its call mainly to Germany and the Netherlands, usually referred to as "countries with...

  • *Athens to deliver 3.5% of GDP primary surplus. Unemployment is forecast to drop to 15.6% next year from 17.4% in 2019, while Athens projects public debt will fall to 167.8% of GDP, or 331 billion euros, in 2020 from an expected 173.3% of GDP this year. Greece has promised to deliver a primary budget surplus-- which excludes debt servicing costs-- of 3.5 percent of GDP in...

  • ATHENS, Oct 4- Greece has received two bids for a license to build and operate a casino resort in a long-delayed tourist development in Athens, the country's gaming commission said on Friday. Bids were submitted by Hard Rock International and by U.S. casino operator Mohegan Gaming& Entertainment jointly with Greek contractor GEK Terna, the commission said.

  • LONDON, Oct 2- Euro zone bond yields inched up on Wednesday after another speech from outgoing ECB Chief Mario Draghi calling for fiscal stimulus to boost the region's sluggish economy. However, euro zone finance ministers are not planning any joint spending, while lead economy Germany has been dragging its feet about providing fiscal stimulus to its economy,...

  • Greece in a 'relatively favorable spot,' IMF Europe director says

    Poul Thomsen, director of the International Monetary Fund (IMF)'s European Department, discusses the Greek economy.

  • ROME, Sept 28- Italy will target its budget deficit at around 2.2% of gross domestic product next year, falling to 1.8% in 2021 and 1.4% in 2022, a political source said on Saturday. The new government of the anti-establishment 5- Star Movement and the center-left Democratic Party intends to avoid an increase in sales tax worth some 23 billion euros scheduled for...

  • ATHENS, Sept 27- Greece needs to agree with its euro zone lenders on a lower fiscal target path to achieve a sustainable economic and social recovery, the International Monetary Fund said on Friday after a mission visit to Athens. Greece, which emerged from bailouts in August last year, has committed to meet a 3.5% of GDP primary budget surplus, excluding debt...

  • FRANKFURT, Sept 26- Sabine Lautenschlaeger's shock resignation from the European Central Bank illustrates the deep divisions that Christine Lagarde will have to heal when she takes over next month, with some policymakers in open revolt over a new stimulus package. Lautenschlaeger, Germany's appointee to the board of the ECB, said on Wednesday she would step...