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Economic Regions PIIGS

  • LONDON, Dec 6- Greece's 10- year government bond yield hit an eight-year low below 5 percent on Wednesday as recent upbeat economic data and a deal struck with its lenders encouraged investors to snap up Greek debt. Greece and its euro zone creditors reached a preliminary agreement at the weekend on reforms Athens needs to roll out under its bailout programme, a...

  • ATHENS, Greece— Demonstrators broke their way into Greece's Labor Ministry and clashed with riot police outside the prime minister's office Tuesday, in protest against a new agreement between the country and bailout creditors that includes limiting the right to strike. The labor unions also called a general strike for Dec. 14. Earlier, demonstrators forced...

  • LONDON, Dec 5- Britain's economy is ending 2017 lagging the euro zone's strong recovery as the effects of last year's Brexit vote weigh on shoppers and on businesses, according to a range of data released on Tuesday. Companies have meanwhile slowed investment as they wait to see what leaving the European Union means for them, potentially adding to Britain's weak...

  • New Eurogroup President Portuguese Finance Minister Mario Centeno gestures during a press conference on his election as new Eurogroup chief at the European Council in Brussels, Belgium on December 4, 2017.

    Portuguese Finance Minister Mario Centeno has won the race to be the next voice of the 19-country eurozone.

  • LISBON, Portugal— When he played rugby as a student at Lisbon University, Mario Centeno earned a reputation for being quick on his feet. That talent has proved invaluable as Portugal's finance minister for the past couple of years— while having to keep the moderate Socialist government's radical allies from the left happy, Centeno has also had to keep a firm hand...

  • BRUSSELS— Eurozone finance ministers on Monday backed a plan for Greece to secure upcoming bailout loans, with the end of the country's massive rescue program now just eight months away. Bailout negotiators reached the provisional agreement in Athens on Saturday, and officials in Brussels said finance ministers from countries using the euro planned to...

  • Following his victory, Centeno said he hoped to promote "inclusive" growth policies that will help "put an end to a period that was very difficult for Europe." "We have a very unique time window to further prepare our economies and our societies better," Centeno said after seeing off the challenge from Luxembourg's Pierre Gramegna, Slovakia's Peter Kazimir and...

  • Greek Finance Minister Euclid Tsakalotos holds a draft of a reform bill at a parliamentary session in Athens, July 22, 2015.

    Greece and its euro zone creditors reached a preliminary deal on Saturday on reforms Athens needs to roll out under its bailout program.

  • ATHENS/ BRUSSELS, Dec 2- Greece and its euro zone creditors reached a preliminary deal on Saturday on reforms Athens needs to roll out under its bailout programme, a move that could pave the way for the country to leave the aid plan in August. The agreement on a range of often politically sensitive measures- covering fiscal issues, energy and labour market reforms,...

  • THESSALONIKI, Greece— Budget airline easyJet says runway maintenance work at the airport in Greece's second city of Thessaloniki is forcing it to reroute passengers through alternative airports until Dec. 21 at least. An easyJet statement says Thessaloniki flights will be operated through Athens airport until Dec. 6, and Kavala airport from Dec. 7-21.

  • ROME/ ANKARA, Nov 30- China is financing billions of dollars worth of Chinese-led projects in Iran, making deep inroads into the economy while European competitors struggle to find banks willing to fund their ambitions, Iranian government and industry officials said. Freed from crippling nuclear sanctions two years ago, Iran is drawing unprecedented Chinese...

  • BRUSSELS, Nov 30- Finance ministers from Latvia, Portugal and Slovakia bid on Thursday to replace Jeroen Dijsselbloem as the powerful head of euro zone finance ministers, the Eurogroup, ahead of a vote next week among the 19 countries sharing the euro. The president of the Eurogroup chairs monthly meetings of finance ministers and heads the euro zone bailout...

  • MADRID, Nov 30- Spain's economy minister on Thursday shrugged off short-term effects on the economy from the secessionist crisis in Catalonia, a political convulsion that has prompted an exodus of thousands of companies and a slump in retail sales. Catalonia, an industrial powerhouse, is worth around a fifth of Spain's economy, with output similar to that of...

  • LONDON- Bank of England Governor Mark Carney gives a speech on market regulation to the FICC Markets Standards Board 1400 GMT. WASHINGTON- Federal Reserve Chair Janet Yellen testifies on the economic outlook before the congressional Joint Economic Committee- 1500 GMT. TOKYO- Bank of Japan Deputy Governor Hiroshi Nakaso gives a speech at the Jiji Press Kin'yu...

  • LONDON- Bank of England Governor Mark Carney gives a speech on market regulation to the FICC Markets Standards Board 1400 GMT. WASHINGTON- Federal Reserve Chair Janet Yellen testifies on the economic outlook before the congressional Joint Economic Committee- 1500 GMT. TOKYO- Bank of Japan Deputy Governor Hiroshi Nakaso gives a speech at the Jiji Press Kin'yu...

  • ATHENS, Greece— Greece's biggest labor unions have called a new general strike next month against bailout-linked austerity policies, as the government launches new talks with its international rescue creditors. The bailout program is set to end in August 2018, after which Greece must finance itself by selling government bonds. Tuesday's talks in Athens with...

  • **LONDON- Deputy Governor of the Bank of England for Financial Stability Jon Cunliffe, Bank of England's Monetary Policy Committee members Ian McCafferty, Michael Saunders and Gertjan Vlieghe: Treasury Select Committee Hearing on the November Inflation Report 1000 GMT. FRANKFURT- ECB Executive Board member Benoit Coeure chairs Policy Panel "Economic...

  • **LONDON- Deputy Governor of the Bank of England for Financial Stability Jon Cunliffe, Bank of England's Monetary Policy Committee members Ian McCafferty, Michael Saunders and Gertjan Vlieghe: Treasury Select Committee Hearing on the November Inflation Report 1000 GMT. FRANKFURT- ECB Executive Board member Benoit Coeure chairs Policy Panel "Economic...

  • BERKELEY, California- Federal Reserve Bank of San Francisco President John C. Williams participates in a panel discussion on interest rates at the 2017 Clausen Center Conference on Global Economic Issues- 2100 GMT. FRANKFURT- European Central Bank executive board member Sabine Lautenschlager speaks at IIF European CRO Forum in Frankfurt- 1215 GMT.

  • BERKELEY, California- Federal Reserve Bank of San Francisco President John C. Williams participates in a panel discussion on interest rates at the 2017 Clausen Center Conference on Global Economic Issues- 2100 GMT. FRANKFURT- European Central Bank executive board member Sabine Lautenschlager speaks at IIF European CRO Forum in Frankfurt- 1215 GMT.