Eurozone

Showing of 21 - 40 from 429 results
Eurozone - Total results - 429
As anti-austerity coalition takes power in Lisbon, is Portugal about to go down the same road as Greece?
World

As anti-austerity coalition takes power in Lisbon, is Portugal about to go down the same road as Greece?

An anti-austerity alliance including radical leftist parties takes power in Portugal. A shaky economy and huge debts menace the national economy. The rest of Europe watches with a wary eye.

Oil prices fall on global glut fears, slowing US jobs growth
World

Oil prices fall on global glut fears, slowing US jobs growth

Oil prices have seesawed in recent weeks due to turmoil in global stock markets after a devaluation of its currency and weaker economic data raised concerns about a slowing Chinese economy.

The global economy is crashing and here's how India can benefit from it
Business

The global economy is crashing and here's how India can benefit from it

If the rest of the world economy is going down, India will remain an obvious magnet. If the rupee falls, FII selling becomes uneconomic and inflows attractive.

Greece Parliament approves harsh reforms with huge majority; bailout talks to begin soon
World

Greece Parliament approves harsh reforms with huge majority; bailout talks to begin soon

Following repayments to European creditors and the International Monetary Fund, Eurostat said Greece's debt fell to 301 billion euros at the end of the first quarter from 317 billion at the end of 2014

Greek lawmakers back bailout package ahead of EU, ECB talks
World

Greek lawmakers back bailout package ahead of EU, ECB talks

Greek lawmakers have backed a deeply contentious bailout package, clearing the first hurdle towards securing a rescue hours before fresh talks between eurozone ministers but leaving the radical left government in Athens weakened.

Crisis in Greece resolved as eurozone leaders reach unanimous deal
World

Crisis in Greece resolved as eurozone leaders reach unanimous deal

The Greek government has made getting some form of debt relief a priority and hopes that a comprehensive solution will involve European creditors at least agreeing to delayed repayments or lower interest rates.

Impact of Greek developments will be indirect, says finance secretary
World

Impact of Greek developments will be indirect, says finance secretary

Greece's leftist Prime Minister Alexis Tsipras has agreed to tough reforms in return for a three-year bailout worth up to €86 billion ($96 billion), the country's third rescue programme in five years.

Greece debt crisis: Compromise for bailout in the works; erozone to vet proposals
Business

Greece debt crisis: Compromise for bailout in the works; erozone to vet proposals

Eurozone proposals insist on the International Monetary Fund having a part in any future bailout, and call for Greece to park assets of up to 50 billion euros ($56 billion) for privatisation

Deadline for EU bailout ends today: Will Greece default again?
Business

Deadline for EU bailout ends today: Will Greece default again?

Greece was to submit a detailed bailout request to its EU partners in the eurozone on Thursday in a last-ditch effort to save its collapsing economy and its membership in the European single currency.

Greece races against clock to submit reform proposal
World

Greece races against clock to submit reform proposal

Tsipras insisted last Sunday's referendum result, in which voters soundly rejected a previous creditors' reform proposal, does not mean a break with Europe.

Cautious SBI may delay $1.5 bn bond sale fearing Greek crisis spillover
Business

Cautious SBI may delay $1.5 bn bond sale fearing Greek crisis spillover

The bank raised $750 million with 5-year tenure at US treasury interest rate plus 205 basis points, while it priced the 10-year $500 million issue at 225 basis points over the treasury.

Reality check: After Greece's overwhelming 'no', eurozone will have to shrink further
World

Reality check: After Greece's overwhelming 'no', eurozone will have to shrink further

Greece's overwhelming "no" vote in the referendum on its creditors' demands is a lesson to present and future creators of global economic groupings: supra-national bodies must have supra-national authority to enforce their fiscal rules or else they will ultimately fail.

A big, fat Greek no: What the rejection of bailout terms means for the country
Business

A big, fat Greek no: What the rejection of bailout terms means for the country

Greeks overwhelmingly rejected conditions of a rescue package from creditors on Sunday, throwing the future of the country's euro zone membership into further doubt and deepening a standoff with lenders. After five years of bailouts, it could become the first country to leave the eurozone.

With 61% votes, Greece defies Europe: Says an overwhelming 'No' to more austerity
World

With 61% votes, Greece defies Europe: Says an overwhelming 'No' to more austerity

Greeks overwhelmingly rejected creditors' demands for more austerity in return for rescue loans in a critical referendum Sunday, backing Prime Minister Alexis Tsipras, who insisted the vote would give him a stronger hand to reach a better deal.

Euro has always been a shaky concept with or without Greece
Business

Euro has always been a shaky concept with or without Greece

The Eurozone was essentially a monetary union without being a political one.

Eurozone in limbo as Greece votes on high-stakes bailout referendum today
Economy

Eurozone in limbo as Greece votes on high-stakes bailout referendum today

Greece and the entire eurozone are in limbo as the country votes in a crucial referendum on bailout conditions on Sunday.

Obama calls Francois Hollande to discuss ways to help debt-ridden Greece
World

Obama calls Francois Hollande to discuss ways to help debt-ridden Greece

US President Barack Obama and his French counterpart Francois Hollande have agreed to combine their efforts to work on a package that will return the financial crisis-hit Greece to the path of recovery.

The dollar, Russia and China: Three reasons Greece exiting Eurozone will worry US
World

The dollar, Russia and China: Three reasons Greece exiting Eurozone will worry US

The biggest implication of the Greek default is for the world’s sole superpower, the United States, as it would significantly weaken the euro against the dollar.