Euro Zone

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Greek PM says wants 'honest compromise' but not at any cost

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ATHENS - Prime Minister Alexis Tsipras on Monday appealed for an "honest compromise" with lenders but warned Greece would not agree to an "unconditional" one, after its biggest creditor demanded it do more to show commitment to reform. | Video

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Greek PM says wants 'honest compromise' but not at any cost 30 Mar 2015

ATHENS - Prime Minister Alexis Tsipras on Monday appealed for an "honest compromise" with lenders but warned Greece would not agree to an "unconditional" one, after its biggest creditor demanded it do more to show commitment to reform. | Video

Greek PM says wants 'honest compromise', debt relief 30 Mar 2015

ATHENS - Greek Prime Minister Alexis Tsipras said on Monday his government was ready to implement a deal struck with euro zone lenders in February but would not do it at any cost.

Greek PM says debt relief talks to start in June 30 Mar 2015

ATHENS - Greek Prime Minister Alexis Tsipras said on Monday that the country's euro zone lenders had agreed to start debt relief talks in June and reiterated that a third bailout would not be under discussion after the current programme expires.

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Confidence in euro zone economy near a four-year high 30 Mar 2015

BRUSSELS - Confidence in the euro zone's economy rose for a fourth straight month in March to its highest since July 2011, a European Commission survey showed on Monday, suggesting the weak euro and lower oil prices are spurring the recovery. | Video

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ECB slows bond-buying pace a touch in plan's third week 30 Mar 2015

FRANKFURT - The European Central Bank eased the pace of its bond-buying slightly in the programme's third week, but is still on target to inject 60 billion euros (43.8 billion pounds) into the euro zone economy each month until September 2016.

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Higher German prices could help spur euro zone inflation 30 Mar 2015

BERLIN - German consumer prices rose in March for the first time this year when harmonised to compare with other European Union countries, and could help spur euro zone inflation.

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Bank of England to stress test banks for global slump scenario 30 Mar 2015

LONDON - Britain's seven biggest lenders will have to show they can cope with a global economic slump triggered by a sharp slowdown in China and a crash in the euro zone in this year's round of stress tests conducted by the Bank of England.

EU Commission - There may be a Euro Working Group on Greece this week 30 Mar 2015

BRUSSELS - Euro zone deputy finance ministers may hold talks this week to discuss if a Greek reform plan now under discussion between Brussels and Athens meets the criteria needed to unlock new lending to the country, the European Commission said on Monday.

Portugal pushes for closer euro zone integration 28 Mar 2015

BRUSSELS - Portugal has presented proposals for closer economic coordination between the countries of the euro zone as the bloc tries to put crises over Greece and other big debtor states behind it.

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Allianz pencils in $300 million cost for Germanwings crash - sources

FRANKFURT - Germany's Allianz has estimated insurers will pay $300 million (202.7 million pounds) in claims and costs stemming from the crash of a Germanwings plane in the French Alps last week, insurance industry sources said on Monday.

France presses at U.N. for Islamic State to face world court

UNITED NATIONS - France said on Friday it would push the United Nations Security Council to refer the Islamic State militant group to the International Criminal Court for possible prosecution of war crimes and crimes against humanity.

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Sollecito may seek compensation after Kercher murder acquittals

ROME - Amanda Knox's ex-boyfriend Raffaele Sollecito may seek reparations after his second acquittal for the 2007 murder of British student Meredith Kercher brought to an end a marathon journey through Italy's justice system. | Video

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