Euro Zone

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Tsipras presses for May debt deal, threatens referendum


ATHENS - Greek Prime Minister Alexis Tsipras said on Tuesday he was confident of an outline deal with international creditors within two weeks, after shaking up his negotiating team and sidelining his finance minister who has infuriated euro zone partners.


Cyprus sells bonds as Greece struggles with euro zone future 2:08pm BST

LONDON (Reuters/IFR) - Bailed-out Cyprus sold one billion euros (0.71 billion pounds) in seven-year bonds on Tuesday, highlighting its economic recovery and the gulf with Greece, whose future in the euro zone is in doubt.

Cyprus Central bank head says ready to act if Greece spills over 1:22pm BST

FRANKFURT/NICOSIA - Cyprus is ready to react to any spillover from the crisis in Greece, the governor of the island's central bank said on Tuesday, adding the two countries were decoupling in the eyes of international markets.

ECB's Coeure says Grexit not a scenario ECB is working on - magazine 11:00am BST

FRANKFURT - The European Central Bank is making no plans for a Greek exit from the euro zone, ECB Executive Board Member Benoit Coeure said in a magazine interview.

Half of investors expect Greece to leave euro zone within 12 months - Sentix 8:51am BST

BERLIN - Around half of investors expect Greece to leave the euro zone within the next 12 months, a survey by German research group Sentix showed on Tuesday.


Santander first-quarter profit jumps nearly a third amid lending drive 8:32am BST

MADRID - Santander has reported a 32 percent jump in first-quarter net profit, helped by improving earnings in Britain and Brazil as the euro zone's biggest bank makes a major push to increase lending.


Reuters poll - 40 percent chance Greece exits the euro zone: traders 27 Apr 2015

BENGALURU - There is a 40 percent chance Greece will leave the euro zone, according to a Reuters poll of money market traders in which just over half said the country could stay in the bloc even if it defaults on its debt payments.


Spain to bid for euro zone chair in challenge to Dijsselbloem 25 Apr 2015

RIGA - Spain will make a bid to EU leaders in the coming weeks to take over as chair of euro zone finance ministers' meetings, Spanish Economy Minister Luis de Guindos said on Saturday, seeking a post that shapes key policies in the single currency bloc.


Euro zone warns Greece no cash till full reform deal 24 Apr 2015

RIGA - Euro zone finance ministers warned Greece on Friday that its leftist government will get no more aid until it agrees a complete economic reform plan, as Athens lurches closer to bankruptcy. | Video


European governments have largely failed to reform - EU document 24 Apr 2015

RIGA - European governments have failed to implement most of the reforms that could help bring down the EU's chronic unemployment problem and are doing less as the euro zone crisis ebbs, according to an EU document presented to finance ministers.

Immigrants slow population decline in Germany - statistics office

BERLIN - Germany's population will shrink more slowly than expected over the next 45 years thanks to high levels of immigration, the country's statistics office said on Tuesday.

Orange confirms 2015 targets despite weak first-quarter profit

PARIS/FRANKFURT - France's largest telecom company, Orange SA , posted slightly lower than expected first quarter core profits after growth in mobile and Internet subscribers and cost cuts failed to offset price declines and higher spending on networks.


Italy PM defies critics with confidence vote on election law

ROME - The Italian government said on Tuesday it would put its bitterly contested electoral reform to a confidence vote in parliament, forcing rebels in Prime Minister Matteo Renzi's centre-left Democratic Party (PD) to back him or face new elections.

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