Euro Zone

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Eurogroup head warns against a game of chicken with Greece

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WASHINGTON - Greece and the euro zone should not play a game of chicken to see who can hold out longer in negotiations about more lending to Athens in exchange for reforms, the chairman of euro zone finance ministers Jeroen Dijsselbloem said on Friday.

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No cash for Greece until reforms agreed -Dombrovskis 17 Apr 2015

WASHINGTON - Despite tightening liquidity, Greece is unlikely to get any money from euro zone finance ministers at an April 24 meeting because it is dragging its feet on reforms, European Commission Vice President Valdis Dombrovskis said on Friday.

Greek debt relief a possibility once bailout reforms in place - Eurogroup head 17 Apr 2015

WASHINGTON - Euro zone lenders could deliver on their 2012 promise to help ease Greece's debt burden only once Athens implements reforms agreed under its international bailout, the chairman of euro zone finance ministers Jeroen Dijsselbloem said.

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Prices start to rise in euro zone, easing deflation fears 17 Apr 2015

BRUSSELS - Consumer prices in the euro zone rose for the second straight month in March, not enough to pull annual inflation out of negative territory but another positive sign as the currency bloc looks to escape prolonged deflation.

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Germans downbeat on chances of Greek deal next week 16 Apr 2015

NEW YORK/ATHENS - Germany's finance minister said on Wednesday there was no prospect of the euro zone reaching a deal with Athens next week on economic reforms that would unlock bailout funds, potentially leaving Greece perilously short of money.

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Germans downbeat on chances of Greek deal next week 16 Apr 2015

NEW YORK/ATHENS - Germany's finance minister said on Wednesday there was no prospect of the euro zone reaching a deal with Athens next week on economic reforms that would unlock bailout funds, potentially leaving Greece perilously short of money.

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Schaeuble says markets have priced in all scenarios for Greece 15 Apr 2015

NEW YORK - German Finance Minister Wolfgang Schaeuble said on Wednesday that there were no signs that financial markets were worried about a possible Greek default or exit from the euro zone, saying it appeared that all scenarios for the country were already "priced in".

ECB's Draghi says euro zone economy to keep strengthening 15 Apr 2015

FRANKFURT - European Central Bank President Mario Draghi said on Wednesday the euro zone's economy had gained momentum since the end of 2014 and that the recovery would gradually strengthen and broaden.

Germany says aid payout to Greece in April unrealistic 15 Apr 2015

BERLIN - The German government said on Wednesday that it was unrealistic to expect euro zone countries to be able to pay out a new tranche of aid to Greece this month.

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Slovak finance minister sceptical on Greece deal in Riga next week 15 Apr 2015

BRATISLAVA - Greece is moving ever closer to the abyss and there are not big chances of a breakthrough at a meeting of euro zone finance ministers in Riga next week, Slovak Finance Minister Peter Kazimir said on Wednesday.

EU finance chief says capital market reform benefits Germany too

LONDON - Despite scepticism in Germany about a need for EU financial liberalisation, some innovative German entrepreneurs struggle to raise funds and would benefit from a more open, pan-EU capital market, EU finance commissioner Jonathan Hill said on Friday.

French far-right party founder Le Pen in hospital after operation

PARIS - The 86-year-old founder of France's National Front, Jean-Marie Le Pen, was under observation in hospital on Thursday after an operation, in the midst of a feud with his daughter Marine, now leader of the far-right party.

Italian navy takes back fishing boat seized near Libya

PALERMO, Italy - Italian navy personnel on Friday boarded a Sicilian fishing boat and took custody of a Libyan soldier on board after the vessel was seized overnight off the coast of the North African state, the defence ministry said.

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