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Lagarde remote control makes Europeans doubt IMF role in Greek deal

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BRUSSELS Another sleepless night in Brussels before another debt deal with Greece. So far, so routine in the euro zone crisis.

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Euro zone, IMF reach compromise deal on Greek debt relief 26 May 2016

BRUSSELS Euro zone governments on Wednesday offered Greece debt relief in 2018, but left key details for later in a bid to bridge Germany's view that no immediate action was needed and the International Monetary Fund's call for decisions now. | Video

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After six years' austerity, Greeks feel no joy from new debt deal 26 May 2016

ATHENS Greece's government trumpeted a debt relief deal with other euro zone countries on Wednesday as the beginning of the end of its bruising six-year financial crisis but Greeks remained sceptical and markets were cautious.

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Brexit one of bigger risks to EU economy, says euro zone head 25 May 2016

BRUSSELS A British vote to leave the European Union in a referendum on June 23 poses one of the bigger risks to the European economy in the short term, the chairman of euro zone finance ministers said on Wednesday.

Germany does not see fourth Greek bailout, says Schaeuble 25 May 2016

BRUSSELS As things stand, Germany does not expect there to be a fourth Greek bailout programme, Finance Minister Wolfgang Schaeuble said on Wednesday after euro zone countries agreed a deal overnight that offers Athens its firmest offer yet of debt relief.

Germany does not need parliament to back Greek deal - Schaeuble 25 May 2016

BRUSSELS Germany's parliament does not need to approve an overnight euro zone deal with Greece that offers Athens its firmest offer yet of debt relief, German Finance Minister Wolfgang Schaeuble said on Wednesday.

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ECB should not consider 'helicopter money' - economists 25 May 2016

The European Central Bank is not likely to ease monetary policy again this year, according to a slight majority of economists in a Reuters poll, and a strong majority say it should not consider "helicopter money" as a future stimulus measure.

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ECB needs to maintain sub-zero rates - Praet 25 May 2016

MADRID Euro zone banks have so far coped with sub-zero European Central Bank rates, and their weak earnings are a bigger obstacle to the sector's recovery, ECB chief economists Peter Praet said on Wednesday.

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Germany's Gabriel welcomes euro zone debt relief offer to Greece 25 May 2016

BERLIN German Vice Chancellor Sigmar Gabriel on Wednesday welcomed an overnight euro zone deal with Greece that offers Athens its firmest offer yet of debt relief.

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Greece likely to get 10.3 billion euros in next loan payout - officials 25 May 2016

BRUSSELS Euro zone finance ministers are likely to approve new loans to Greece of 10.3 billion euros (£8 billion), according to a draft statement seen by euro zone officials. | Video

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Islamic State has Euro 2016 in its sights, German spy chief says

BERLIN Islamic State militants have the Euro 2016 football tournament in their sights though there is no concrete evidence at the moment of an attack being planned, the head of Germany's domestic intelligence agency has said.

Managers take over operations, reopen pipes at French oil hub

PARIS Managers have taken over operations and reopened pipes at the CIM oil port terminal in Le Havre, northern France, after union members decided to extend their strike on Friday, a CGT union official said.

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More than 2,000 boat migrants rescued off Italy, 45 dead

ROME At least 45 migrants died in a shipwreck and more than 2,000 were rescued from boats in the Mediterranean on Friday, the coastguard said, as the number of immigrants coming to Europe via Italy soared again.

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