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.
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.
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.
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.
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."
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.
October 04, 2014 8:17 am
Private spending will resume when expectations on the future change, when the economy resumes growth.
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.
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.
September 24, 2013 3:50 pm
The report said the average annual default between FY05 and FY13 was 2.6 pct.
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