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Euro zone, IMF reach compromise deal on Greek debt relief


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


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.


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.


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.


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.


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.


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


Deficit sanctions still possible for Spain, Portugal - Eurogroup chief 24 May 2016

BRUSSELS Spain and Portugal might yet face economic sanctions for their excessive budget deficits, the head of euro zone finance ministers said on Tuesday, after the European Commission gave them a reprieve last week.


German Foreign Minister Steinmeier says extending Russia sanctions more difficult

VILNIUS An agreement on renewing sanctions against Russia when they run out on July 31 has become more difficult with growing opposition from some EU countries, Germany's foreign minister said on Thursday.

Eurotunnel boss sees no Brexit impact, was joking about duty free boost

PARIS The boss of Eurotunnel said on Thursday that Britain leaving the European Union would have little impact on the under-the-English-Channel business, dismissing as a joke his prediction last year about getting a boost from new duty-free shopping.


Italian mayor breaks with PM's party over lack of help for migrants

ROME A mayor and other officials in a Riviera town have suspended their membership of Italy's ruling party in protest at what they view as government neglect of scores of migrants living rough there.

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