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Thursday, August 06, 2020

eurozone

EUROZONE NEWS

Eurozone economy suffers record drop during lockdown months

July 31, 2020 5:43 pm

European governments are countering the recession with massive stimulus measures. EU leaders have agreed on a 750 billion-euro recovery fund backed by common borrowing to support the economy from 2021.

EU ministers make breakthrough on coronavirus economic response

April 10, 2020 4:48 pm

Finance ministers of eurozone countries reached an "excellent accord" on fighting the pandemic-triggered recession. Europe has proven itself to be "a match" for the crisis, said French representative Bruno La Maire.

Greece seeks bailout, debt breakthroughs

June 15, 2017 12:07 pm

IMF chief Christine Lagarde and the eurozone's 19 finance ministers meet in Luxembourg with hopes riding high that the talks will secure the release of the latest tranche of Greece's 86-billion euro (USD 97 billion) bailout agreed in 2015.

Greece has 'basically achieved' its reform goals: Juncker

May 08, 2016 8:18 am

Greece's creditors carried out the review intended to evaluate progress on reforms by the Athens government as it hopes to unlock the next tranche of its 86-billion-euro ($95 billion) bailout agreed in July.

Greek crisis not due to 'mean Germans': Italy

July 07, 2015 4:28 pm

German Chancellor Angela Merkel said yesterday that conditions for a new Greek rescue package "have not yet been met."

Eurozone leaders Merkel, Hollande press Greece to make fast, credible proposals

July 07, 2015 8:17 am

By voting decisively against tough bailout conditions, as PM Alexis Tsipras had urged them to do, Greeks have strengthened his negotiating hand. But the crisis remains acute.

Still backsliding

October 04, 2014 8:17 am

Private spending will resume when expectations on the future change, when the economy resumes growth.

ECB leaves rates on hold despite inflation worries

April 04, 2014 1:16 am

Data released on Monday showed the annual inflation rate across the eurozone dropped to 0.5 per cent in March — down from 0.7 per cent in February.

Euro zone business starts 2014 on a high, China falters

January 24, 2014 2:44 am

Surveys on Thursday showed stronger growth across the now 18-member euro zone was marred only by an ongoing contraction in France.

FY13 corporate defaults jump to decadal high of 4.5 pct: India Ratings

September 24, 2013 3:50 pm

The report said the average annual default between FY05 and FY13 was 2.6 pct.