Euro Zone

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U.S. urging parties to press forward on Greek negotiations

WASHINGTON - The United States is closely monitoring the situation in Greece and will keep urging all parties to help put Athens on a path to growth within the euro zone, the Treasury Department said on Tuesday.

Dijsselbloem says Greece's stance must change for new bailout 30 Jun 2015

THE HAGUE - The chairman of the Eurogroup said on Tuesday Greece was on track to default at midnight and Athens' stance towards its creditors would have to change before its euro zone partners could consider any additional financial assistance.

Greece signalled could change tack on vote for loan deal - euro zone sources 30 Jun 2015

BRUSSELS - The Greek government indicated in a call on Tuesday with euro zone finance ministers that it could change its stance on the referendum it has called for Sunday if a request for a new loan could be agreed, euro zone sources said.

Euro zone unable to extend Greek programme - Slovakia's Kazimir 30 Jun 2015

BRUSSELS - Euro zone finance ministers decided on Tuesday they could not extend Greece's bailout programme beyond midnight (2200 GMT), Slovak Finance Minister Peter Kazimir said on Twitter following the end of a Eurogroup conference call.

Greece says euro zone finance ministers to reconvene Wednesday 30 Jun 2015

ATHENS - Euro zone finance ministers are expected to reconvene on Wednesday morning to discuss the Greek government's latest proposals to creditors on reforms, Greek officials said on Tuesday.

Greek aid programme expires at midnight -euro zone bailout fund 30 Jun 2015

BRUSSELS - Greece will lose access to a 1.8 billion euro loan tranche, as well as 10.9 billion euros for recapitalising banks, when the country's financial aid package expires at midnight (2200 GMT), the euro zone's bailout fund said on Tuesday.

French PM hopes for "fruitful" talks on Greek proposals 30 Jun 2015

PARIS - French Prime Minister Manuel Valls said on Tuesday that he hoped ongoing euro zone finance ministers' talks on proposals to end the Greek debt crisis would be "fruitful."


Euro zone inflation softens in June on energy dip 30 Jun 2015

BRUSSELS - Euro zone inflation softened in June, moving away from the European Central Bank's target as energy costs weakened and the price rises of food and services eased after a spike in May. | Video


FTSE falls to 5-1/2 month low, supermarkets sink 30 Jun 2015

LONDON - The FTSE hit its lowest level since mid-January on Tuesday, pulled down by miners and supermarkets and underperforming even euro zone shares despite Greece being hours away from a repayment default.

"No way" Eurogroup will release funds for Greek IMF payment - source 30 Jun 2015

BRUSSELS - There is "no way" euro zone finance ministers will release funds for Greece to meet a crucial payment to the International Monetary Fund due by midnight (2200 GMT) to avoid a default, a euro zone official said on Tuesday.

Factbox: A guide to nuclear talks between Iran and six major powers

- Iran and six world powers - the United States, Britain, France, Germany, Russia and China - are in what may be the final phase of negotiations aimed at securing a deal on sanctions relief in exchange for limits on Iranian nuclear activities.

Ferry workers plan more action after blocking Calais port

CALAIS, France - Ferry workers on Tuesday threatened to continue their protest on Wednesday after blocking Calais' port for two days, forcing the closure of the Channel Tunnel linking France and England for several hours.

Italy recovers first bodies from deadliest migrant shipwreck

ROME - Italy's navy said on Tuesday it had retrieved the first bodies from the wreck of a boat that sank in the Mediterranean three months ago, killing up to 800 migrants attempting to cross from Libya to Europe.

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