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News Tagged By: European Union

In remarkable about-face, Greece returns to embrace euro
On the weekend, Greece’s exodus from the euro seemed all but assured. By Thursday, in a remarkable turnaround, Greece once again seemed anchored to the common currency.
Posted on 7-16-2015 at 6:59 PM
Euro drops to 7-week low as Mario Draghi leaves rates unchanged
The euro fell to the lowest level in seven weeks against the dollar as European Central Bank President Mario Draghi reiterated his commitment to seeing through the whole course of his bond-buying plan.
Posted on 7-16-2015 at 8:21 AM
Greek bailout approved in Athens as ECB weighs emergency funding
Greek lawmakers passed a bailout agreement that keeps the country in the euro for now, shifting attention to the European Central Bank as it weighs whether to pump more money into the country’s hobbled financial system.
Posted on 7-15-2015 at 7:56 PM
EU chairman Tusk urges debt relief as part of Greek deal
The call was an implicit challenge to Germany, Athens’ biggest creditor, which has so far ruled out any write-offs as illegal and taken a restrictive view of reprofiling the debt to help Greece over a major repayment hump this year.
Posted on 7-09-2015 at 7:26 AM
Greece seeks new EU loan deal in race to avert collapse
Greek Prime Minister Alexis Tsipras called in a speech to the European Parliament for a fair deal, acknowledging Greece's historic responsibility for its plight, after EU leaders gave him five days to come up with convincing reforms.
Posted on 7-08-2015 at 8:47 AM
Long lines for cash as Greeks fear extended bank closures
Long line-ups formed at cash machines as Greeks suspected that the banks would not reopen Tuesday and that the withdrawal limits would be reduced to the point families would have trouble paying for their basic needs.
Posted on 7-06-2015 at 10:29 AM
Euro zone welcomes new Greek debt proposals, more work to do
Euro zone finance ministers welcomed new Greek proposals for a cash-for-reform deal on Monday but said they required detailed study and it would take several days to determine whether they can lead to an agreement to avert a default.
Posted on 6-22-2015 at 10:00 AM
Greek central bank issues 'Grexit' warning if aid talks fail
The ongoing crisis has prompted an outflow of deposits of about 30 billion euros ($33.84 billion) from Greek lenders between October and April, the central bank said.
Posted on 6-17-2015 at 7:36 AM
Greece willing to compromise with EU, IMF
Greece is willing to compromise to reach a deal with its EU and IMF creditors that is acceptable to both sides and is ready to negotiate until the end of June to achieve this, the government said on Monday.
Posted on 6-08-2015 at 8:13 AM
Greek PM rejects 'absurd' proposal from lenders
Athens delayed a 300 million euro payment to the International Monetary Fund on Friday and Prime Minister Alexis Tsipras spurned an "absurd" proposal from lenders in the impasse that threatens to push Greece into bankruptcy and out of the euro.
Posted on 6-05-2015 at 7:12 AM
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