Eurozone

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Eurozone - Total results - 429
Greece hit by closed banks, warnings from eurozone as talks break down
World

Greece hit by closed banks, warnings from eurozone as talks break down

Anxious pensioners swarmed closed bank branches on Tuesday and long lines snaked outside ATMs as Greeks endured the first day of serious controls on their daily economic lives ahead of a 5 July referendum.

Pensioners queue outside Greek banks amid withdrawal limits
World

Pensioners queue outside Greek banks amid withdrawal limits

Banks and ATM machines were shut throughout Greece on Monday, the first day of capital controls announced by the government in a dramatic twist in the country's five-year financial saga.

Crisis deepens as Greek central bank warns of euro exit
World

Crisis deepens as Greek central bank warns of euro exit

The Greek central bank warned for the first time on Wednesday that the country could suffer a "painful" exit from the eurozone and even the EU if it fails to reach a bailout deal with international creditors.

Greece averts cash crunch as Eurozone agrees to four-month loan extension
World

Greece averts cash crunch as Eurozone agrees to four-month loan extension

Euro zone finance ministers agreed in principle on Friday to extend Greece's financial rescue by four months, averting a potential cash crunch in March

Sensex gains 41 points in fifth day of rise, eyes glued on Greece
Business

Sensex gains 41 points in fifth day of rise, eyes glued on Greece

The 30-share Sensex hit a session high of 29,325.35 in the first half but succumbed to profit-booking at fag-end and slipped into the negative zone as it hit a low of 29,083.40.

France stands firm, says 'no question' of annulling Greece's debt
Business

France stands firm, says 'no question' of annulling Greece's debt

France has said that it will not write off Greece's debt, though French Finance Minister Michel Sapin said they could discuss ways to reduce the debt burden.

Markets are not panicking over Greece exiting the Eurozone. Here's why
Business

Markets are not panicking over Greece exiting the Eurozone. Here's why

In case of Greece deciding to leave the euro, Greeks will start withdrawing their euros from their banks. This would happen primarily because the new currency (probably drachma in Greece’s case) would be less valuable than the euro

Bond buying: European Central Bank just joined the money printing party
Business

Bond buying: European Central Bank just joined the money printing party

The ECB has decided to buy bonds worth € 60 billion ($69 billion) every month from March 2015 to September 2016. This bond buying is referred to as “asset purchases” by central banks, “quantitative easing” by most of the Western press and economists and “money printing” by people who want to call a spade a spade.

Swiss shocker: Central banks aren't God; they can't revive growth without fiscal backing
Business

Swiss shocker: Central banks aren't God; they can't revive growth without fiscal backing

The Swiss National Banks' decision to abandon the euro exchange rate ceiling last week shows the limits to central bank power in turning the tide against deflation, It is time for fiscal policy to step in.

World Bank cuts 2015 global growth forecast despite low oil prices
World

World Bank cuts 2015 global growth forecast despite low oil prices

The World Bank lowered its global growth forecast for 2015 and next year due to disappointing economic prospects in the euro zone, Japan and some major emerging economies that offset the benefit of lower oil prices.

Oil price rebounds, as China, Eurozone, Japan growth worries
Economy

Oil price rebounds, as China, Eurozone, Japan growth worries

Oil prices rebounded in Asia today after falling sharply to fresh five-year lows in the previous session after OPEC cut its forecast for demand 2015 and US stockpiles saw a surprise surge.

Why Arun Jaitley should not develop a fiscal deficit obsession in budget 2015-16
Economy

Why Arun Jaitley should not develop a fiscal deficit obsession in budget 2015-16

Europe and Japan have followed the US in easing up monetary policy while trying to run a tighter fiscal ship. It has resulted in less growth and more asset inflation. India should avoid the same trap.

IMF Chief Christine Lagarde explains why low oil prices will boost global economy
Economy

IMF Chief Christine Lagarde explains why low oil prices will boost global economy

For the United States, low energy prices would help accelerate the economic growth to a 3.5 percent next year from the October forecast of 3.1 percent, she said, adding that Europe is also expected to benefit from lower oil prices.<br />

Services shuts down across Greece amid nationwide general strike
World

Services shuts down across Greece amid nationwide general strike

Greece has been dependent on billions of euros from international bailouts from the eurozone and International Monetary Fund since 2010.

Recession a possibility in Europe, warns German Chancellor
International

Recession a possibility in Europe, warns German Chancellor

German Chancellor Angela Merkel Tuesday warned that Europe could slide back into recession, media reported.

European Parliament may force Google to break up
Corporate

European Parliament may force Google to break up

In a move to curb the dominance of the search giant, the European Parliament is poised to call for a break-up of Google, the Financial Times reported.

Japan committed to fight deflation, may expand stimulus plan
Economy

Japan committed to fight deflation, may expand stimulus plan

Bank of Japan Governor Haruhiko Kuroda on Tuesday stressed the bank's readiness to expand stimulus further to meet its price goal

EU cuts eurozone growth forecast, deflation threat still lingers
Economy

EU cuts eurozone growth forecast, deflation threat still lingers

The eurozone will need another year to reach even a modest level of economic growth, the European Commission said on Tuesday, calling on Germany to help as Chancellor Angela Merkel again rejected a spending spree.<br />

25 of 130 top Eurozone banks fail health checks, but most capital holes plugged
International

25 of 130 top Eurozone banks fail health checks, but most capital holes plugged

Painting a brighter picture than had been expected, the ECB found the biggest problems in Italy, Cyprus and Greece but concluded that banks' capital holes had since chiefly been plugged, leaving only a modest 10 billion euros ($12.7 billion) to be raised.

Biggest fall in over 2 months: Sensex crashes more than 400 pts on global growth concerns
Money

Biggest fall in over 2 months: Sensex crashes more than 400 pts on global growth concerns

Indian markets today suffered a big jolt with Sensex crashing 431 points and Nifty plunging 129 points in their worst drop in two-and-a-half months following a sell-off in overseas markets on concerns over global growth.