eurozone News

Greece seeks bailout, debt breakthroughs

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

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

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

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

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

ECB leaves rates on hold despite inflation worries

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

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

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

German finance minister says Greece will not default

German finance minister Wolfgang Schaeuble said on Sunday that Greece would not default,but warned that if Athens did exit the eurozone it would be damaging not only for the zone as a whole but also Greece

Merkel travels to eurozone fault line

The German Chancellor makes first visit to Greece since eurozone crisis began here three years ago.