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Eurozone reaches 'laborious' tentative deal on Greece; LIVE: Towards a new bailout deal for Greece; Germany showing 'lack of...

Eurozone reaches ‘laborious’ tentative deal on Greece; LIVE: Towards a new bailout deal for Greece; Germany showing 'lack of...
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13-Jul-2015
 

Euro & Finance

 

Recent News

Eurozone reaches ‘laborious’ tentative deal on Greece

Eurozone leaders reached an agreement on a third bailout programme to save Greece from bankruptcy. But a final deal is “still weeks ahead” and will require ratification in several national parliaments, EU officials warned after all-night talks came to a close Monday morning (13 July).

LIVE: Towards a new bailout deal for Greece

Eurozone leaders reached an agreement on a third bailout to save Greece from bankruptcy on Monday (13 July). But a final deal is “still weeks ahead”. EurActiv reports, in real time.

Germany showing 'lack of solidarity' over Greece: Stiglitz

Prominent economist and Nobel laureate Joseph Stiglitz accused Germany on Sunday (12 July) of displaying a "lack of solidarity" with debt-laden Greece that has badly undermined Europe.

China’s bid for EU investment fund trips on complex rules

China could invest up to €10 billion in the EU's new infrastructure fund, but a final decision is being held up by the complex mechanics of a deal to give Chinese technology companies a greater role in Europe, people familiar with the talks say.

Greece bailout talks drag on through the night

The leaders of Greece, Germany, France and the EU have tabled a "compromise" on a bailout deal for Athens at talks through the night, which is now being put to the rest of the eurozone, a European source said early this morning (13 July).

Greece's third bailout request suffers blow at Eurogroup meeting

Greece's efforts to restart negotiations with its creditors for a third bailout programme suffered a blow at a Eurogroup meeting on Saturday (11 July), as it became clear that Germany and Finland, among others, were opposing the idea.

Progress on Greek deal seen as triumph for France

As Greece inches closer to a bailout deal that will keep it in the eurozone, experts have hailed France for playing the role of pacifier in fractious debt talks and putting the brakes on a dreaded "Grexit".

Tsipras wins backing for concessions, but faces rebellion in own camp

Greek Prime Minister Alexis Tsipras won backing from lawmakers today (11 July) for painful reform proposals aimed at obtaining a new international bailout, but he faced a rebellion in his own party that could threaten his majority in parliament.

Greek parliament decides on Grexit tonight

A compromise for a third bailout, which would allow Greece, to stay in the eurozone, is within reach. It is now up to the Greek parliament to have the final word: if Greece stays in the euro, and in the Union, or if it leaves. The vote takes place tonight, 10 to 11 July.

Commission will provide food and medical aid to Greece

The European Commission may not be one of Greece's creditors, but the Vice-President for Budgets has said it will not stand idly by and watch the crisis unfold. EurActiv France reports .

Grexit scenarios: How to leave the eurozone

What will happen if talks between Greece and its creditors fail this weekend? Here is a possible step-by-step scenario.

Ratification hurdles could sink new Greek bailout

Even if European governments agree to a comprehensive package for Greece at the extraordinary EU summit on Sunday (12 July), the bailout still has to be ratified by the German Bundestag as well as by the parliaments of Finland, Slovenia and Estonia.

Greece submits reform plan two hours before midnight deadline

Greece laid out details of a new bailout plan to save it from the brink of financial collapse on Thursday night (9 July), offering a pensions overhaul and tax hikes in return for debt relief and a rescue loan from the eurozone.

Tax evasion to dominate Addis Ababa development conference

Stopping tax evasion in the Global South is a crucial step in raising development finance, but the issue has divided the international community. EurActiv France reports.

Copyright: MEPs ditch plans for Google Tax, tourist photo ban

Members of the European Parliament have struck down two controversial amendments from a report on copyright reform - rules over the right to take photos of buildings and an EU "Google Tax".

Podemos seeks political boost from Syriza victory

Spanish anti-austerity party Podemos, seen by many as the ideologically closest political force to Greece’s Syriza, is scrutinising how Prime Minsiter Alexis Tsipras' intransigent position with international creditors can bring political gains. EurActiv Spain reports.

Role of private sector in development under fire

Governments increasingly are turning to private investors to build infrastructure and deliver public services, but European anti-poverty groups question the benefits of relying on this financing tool to achieve development goals.

Centrist Potami party supports Tsipras

Greece's opposition parties are divided about ongoing negotiations between Athens and its creditors. Potami supports the Syriza-led government’s efforts, while New Democracy and Pasok are taking a hard line. EurActiv Greece reports.

France says letting Greece go means admitting EU’s ‘impotence’

France showed its true colours yesterday (8 July) when Manuel Valls said that a Greek exit from the eurozone would be an admission of the European Union's impotence.

Opposition to Greek bailout growing in Merkel camp

A third bailout Greek package will be decided on before an emergency summit on Sunday (12 July). Opposition to such a measure is growing within Germany’s centre-right. EurActiv Germany reports .

Tsipras faces the heat of the EU machine

Alexis Tsipras found himself under enormous pressure today (8 July), as he was attacked by representatives of the institutions, centre, and centre-right MEPs.

Bitcoin rises as risk of Grexit unsettles markets

The risk of Grexit has caused the markets to plummet, but virtual currencies are cashing in. EurActiv France reports .

Leading economists urge Merkel to cut Greek debt

Renowned economists Thomas Piketty, Jeffrey Sachs and three others urged German Chancellor Angela Merkel yesterday (7 July) to agree to cut Greece's debt to "avoid further disaster".

Europe ready for ‘worst case scenario’ on Greece

Eurozone leaders issue an ultimatum to Greece at a summit in Brussels yesterday (7 July), giving Athens until Thursday to present new cash-for-reform proposals.


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