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Wednesday, August 23, 2017
eurozone
Italian PM Renzi routed in referendum resigns

Italy’s Prime Minister Renzi To Resign After Referendum Rout

Financial markets bounced as European officials played down the prospect of a broader euro zone crisis due to the resignation of Renzi.

December 5, 2016

In Germany, 60 Conservative MPs Oppose Merkel Course On Greece

The test ballot – a non-binding vote – showed 56 ‘no’ votes and 4 abstentions on Tuesday.

August 18, 2015

New Greek Bailout Talks Start, Creditors Seek More Action

Talks between Greece and its international creditors on a third bailout began in Athens.

July 27, 2015

Euro Zone Strikes Greek Deal With Tough Conditions

Euro zone leaders made Greece surrender much of its sovereignty to outside supervision on Monday.

July 13, 2015

Thomas Piketty: Germany’s Position On Greek Debt A ‘Huge Joke’

Thomas Piketty is calling out Germany, describing the country’s strident moral position on Greece’s debt as hypocritical and a “huge joke.”

July 7, 2015
euro bank

Germans See Dim Prospects For Reaching New Greece Bailout Deal

Merkel has long said she wants to see Greece remain in the eurozone, but “not at any price.”

July 6, 2015
greece bank

Greek Finance Minister Resigns After Anti-Austerity Vote

Yanis Varoufakis, Greece’s flamboyant finance minister, abruptly resigned Monday morning despite a national referendum that delivered a rousing endorsement to his anti-austerity policies just hours earlier.

July 6, 2015

In Landslide 61 Percent To 39 Percent Vote, Greece Says ‘No’ To Bailout Deal

The resounding rejection of an international bailout deal by voters in Greece raised fears Sunday of the collapse of the country’s banking system, a catastrophic government default, an eventual exit from the euro and potential social unrest.

July 6, 2015

Greek PM Urges Greece To Vote ‘No’ As Support Slips Away

Many Greeks fear EU leaders’ warnings that a “no” vote could mean Greece’s exit from the euro — a Grexit.

July 3, 2015

Greece Misses Debt Payment, Is Cut Off From Financial Lifelines

A last-minute request by Athens for an extension of its current bailout, which expired late Tuesday, was rejected by the other 18 nations that use the euro currency.

July 1, 2015
greece bank

Analysis: The Biggest Danger Of A Greek Default Could Be Political Instability

As Greece once again peers over the precipice of expulsion from the Eurozone common currency club, millions worldwide are wondering what consequences lie ahead for other countries and investors if, as now appears likely, Athens defaults on its bailout debts on Tuesday.

June 30, 2015

As Greece Closes Banks, Fear Spreads Of A Eurozone Implosion

As the Greek debt drama hurtles toward a nail-biting climax, fears are mounting that the outcome could sink not just Greece but the euro and the idea of the European Union itself.

June 29, 2015

Spanish PM Hails ‘Rebuilt’ Economy

Madrid (AFP) – Spanish Prime Minister Mariano Rajoy boasted of a “rebuilt” economy Thursday as fresh data showed the nation’s strongest growth rate since a job-wrecking 2008 property crash. The eurozone’s fourth-largest economy expanded by 0.4 percent on a quarterly basis in the first three months of 2014, the sharpest increase in six years, the […]

April 24, 2014

Greece Ends Market Exile With Triumphant Bond Auction

Athens (AFP) – Bailed-out Greece returned to bond markets with a bang on Thursday after a four-year exile, raising three billion euros and sending a major signal that the eurozone debt crisis is fading. Greece’s EU-IMF creditors hailed the move which the Greek prime minister said had “opened the way for cheaper borrowing” for the […]

April 10, 2014

E.U. Calls On France, Greece To Stick To Reforms

Athens (AFP) – Eurozone officials urged France’s incoming government on Tuesday to stick to reform pledges, and Greece to capitalize on its austerity sacrifices in return for a long-delayed 6.3-billion-euro slice of bailout cash. The loan disbursal announced at a two-day meeting of European finance ministers, after seven months of tough talks between Greece and […]

April 1, 2014

Euro Debt Deal Requires Unprecedented Greek Default

BRUSSELS (AP) — Eurozone leaders on Thursday agreed to a sweeping deal that will grant Greece a massive new bailout — but likely make it the first euro country to default — and radically reshape the currency union’s rescue fund, allowing it to act pre-emptively when crises build up. The eurozone countries and the International […]

July 21, 2011