Euro Zone

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Euro zone gives Greece until Sunday for debt deal

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BRUSSELS - Euro zone members have given Greece until the end of the week to come up with a proposal for sweeping reforms in return for loans that will keep the country from crashing out of Europe's currency bloc and into economic ruin. | Video

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Euro zone gives Greece until Sunday for debt deal 12:45am BST

BRUSSELS - Euro zone members have given Greece until the end of the week to come up with a proposal for sweeping reforms in return for loans that will keep the country from crashing out of Europe's currency bloc and into economic ruin. | Video

Euro zone to ready Greek 'Plan B' if no deal Sunday - Austria's Faymann 07 Jul 2015

BRUSSELS - Austrian Chancellor Werner Faymann said on Tuesday that euro zone leaders would discuss a "Plan B" for Greece if Athens could not reach an agreement with its creditors by Sunday.

ECB to keep Greek banks afloat till Sunday - Merkel 07 Jul 2015

BRUSSELS - European Central Bank chief Mario Draghi assured euro zone leaders on Tuesday the ECB would do the necessary to keep Greek banks afloat until an EU summit on Sunday that will seek a deal on further aid to Greece, German Chancellor Angela Merkel said.

Eurogroup to meet on Greece on Saturday 07 Jul 2015

BRUSSELS - The Eurogroup of euro zone finance ministers will meet on Saturday to review Greece's proposals for a new bailout loan, EU officials said on Tuesday.

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Eurozone summit possible on Sunday to back plan for Greece - sources 07 Jul 2015

BRUSSELS - Euro zone leaders could hold a further emergency summit on Sunday to approve a plan to aid Greece if creditor institutions are satisfied with a Greek loan application and reform commitments, two senior EU sources said.

Greece seeking interim funding solution for July - official 07 Jul 2015

ATHENS - Greece is asking its euro zone partners for an interim solution to its funding needs that would cover the rest of July while a long-term deal is sought, a Greek government official said on Monday.

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Tsipras briefs Obama on bid for euro zone loan - Greece 07 Jul 2015

BRUSSELS - Greek Prime Minister Alexis Tsipras spoke to U.S. President Barack Obama by telephone on Tuesday shortly before an emergency euro zone summit and briefed him on Greece's request for a rescue loan, a Greek government official said.

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Eurogroup to hold conference call on Greek ESM request Wednesday 07 Jul 2015

BRUSSELS - The Eurogroup of euro zone finance ministers will hold a conference call early on Wednesday to discuss an expected Greek request for a medium-term loan from the European Stability Mechanism (ESM), Eurogroup chair Jeroen Dijsselbloem said.

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Greece says made credit proposal based on last week plan 07 Jul 2015

ATHENS/BRUSSELS - Greek officials said on Tuesday they had submitted credit proposals to euro zone partners based on those it put forward last week, rejecting suggestions that Athens had not put forward new proposals for a euro summit.

EU's Oettinger says unity in Athens raises hopes for euro summit

BERLIN - The European Union wants to help Greece and a newly unified negotiating stance from Athens should ensure that Tuesday's euro zone summit makes more progress than the last round of talks, Germany's EU commissioner Guenther Oettinger said.

French forces kill commander with al Qaeda branch in Mali

PARIS/NOUAKCHOTT - France's army confirmed on Tuesday that its special forces had killed a prominent commander with al Qaeda in the Islamic Maghreb (AQIM), the group's north African branch, during a weekend operation in the northern Mali region of Kidal.

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First victims of deadliest migrant shipwreck given funeral in Italy

CATANIA, Italy - Italy held a funeral service on Tuesday for 13 migrants who died in the worst shipwreck in the Mediterranean in recent history, while the navy continued its search for other victims of the disaster. | Video

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