European Union Business News from EUbusiness.com
- Europe demands new Greek debt plan at crisis summit — 07 July 2015, 12:06 CET
European leaders warned Greek Prime Minister Alexis Tsipras to present
new bailout proposals at an emergency summit on Tuesday or risk leaving the euro, after Greeks defiantly voted 'No' to further austerity in a
- Don't heckle, I'm texting Tsipras, Juncker tells MEPs — 07 July 2015, 12:38 CET
Angry Commission chief Jean-Claude Juncker berated Euro-MPs who heckled him for looking at his phone during a parliamentary debate Tuesday, saying he was texting the Greek prime minister.
- Greek crisis not due to 'mean Germans': Italy — 07 July 2015, 12:36 CET
Greeks have their own leaders to blame for the crisis in their country,
and not "mean Germans", Italian Foreign Minister Paolo Gentiloni said on Tuesday.
- Juncker wants 'to avoid Grexit' — 07 July 2015, 12:30 CET
European Commission head Jean-Claude Juncker said Tuesday he was against an exit by Greece from the euro, even though Greeks massively rejected bailout terms in a referendum this weekend.
- 'Can't take risk' of Greece leaving euro: French PM — 07 July 2015, 12:16 CET
France can't take the risk of Greece leaving the eurozone, which would
have an effect across the globe, the prime minister said on Tuesday,
adding that the basis for a deal with Athens was there.
- Eurozone leaders to hold emergency summit on Greece — 07 July 2015, 12:15 CET
Eurozone leaders will hold an emergency summit in Brussels Tuesday to
discuss the fallout from Greek voters' defiant "No" to further austerity
measures, with the country's Prime Minister Alexis Tsipras set to unveil
new proposals for talks.
- Green Austria on warpath against nuclear power in Europe — 07 July 2015, 12:10 CET
Austria's announcement Monday that it would challenge state aid for a
new nuclear plant in Britain marks the latest step in the country's solo
campaign to roll back atomic energy in Europe.
- IMF caught in delicate position between Greece and EU — 07 July 2015, 03:32 CET
Hated in Athens and brushed off by the Europeans, the International
Monetary Fund approaches the next round of negotiations with Greece in a
- White House calls on Greece, EU to find compromise — 07 July 2015, 12:01 CET
The White House urged Greece and EU leaders Monday to find a compromise to keep the cash-strapped country in the eurozone, after Greeks voted resoundingly to reject an austerity-based bailout.
- Amnesty accuses Balkans of abusing EU-bound migrants — 07 July 2015, 12:08 CET
Amnesty International on Tuesday accused Balkan countries of mistreating migrants passing through their territories on the way to the European Union, saying people fleeing war were being "shamefully let down".
- Fidel Castro congratulates Greek PM on referendum result — 06 July 2015, 22:07 CET
Former Cuban president Fidel Castro on Monday congratulated Greek Prime
Minister Alexis Tsipras for his "brilliant political victory" in the
country's referendum, which saw voters deliver a resounding 'No' to more
- Spain PM backs solidarity with Greece but 'not without responsibility' — 06 July 2015, 22:02 CET
Spain's conservative Prime Minister Mariano Rajoy on Monday said he
backed aid for Greece but not without "responsibility" and reforms on
Athens' part, a day after Greeks voted decisively against more austerity
in a referendum.
- IMF 'ready to assist Greece if requested': Lagarde — 06 July 2015, 22:37 CET
International Monetary Fund chief Christine Lagarde said on Monday that
the global crisis lender would assist Greece if asked, a day after Greek
voters rejected a prior bailout plan.
- Greeks 'deserve better': new finance minister — 06 July 2015, 22:44 CET
Greeks declared in a weekend referendum that they "deserve better" and "cannot
accept a non-viable solution" to the country's debt crisis, new Finance
Minister Euclid Tsakalotos said upon taking office on Monday.
- Britain warns tourists of shortages risk in Greece — 06 July 2015, 22:48 CET
Britain warned travellers to Greece that the situation there could "deteriorate
rapidly" if no new debt deal was reached soon, instructing tourists to
take medical supplies in case of shortages.
- 'Europe without Greece? Joke,' says Greek foreign minister — 06 July 2015, 22:47 CET
Greek Foreign Minister Nikos Kotzias on Monday ruled out his country's
exit from the EU and called for calm after Greek voters rejected bailout
terms of international creditors.
- ECB maintains emergency liquidity assistance to Greek banks — 06 July 2015, 20:37 CET
The European Central Bank's governing council has decided to maintain
the emergency liquidity assistance (ELA) lifeline to Greek banks at the
level set on June 26, the Frankfurt-based bank said in a statement.
- Germany, France demand 'serious' proposals from Greece after 'No' vote — 07 July 2015, 11:58 CET
Germany and France on Monday called on Greece to make detailed proposals to revive bailout talks, a day after Greek voters defiantly rejected creditors' demands for further austerity, plunging Europe into crisis.
- Grexit threat puts Europe in tricky position after 'No' vote — 06 July 2015, 22:44 CET
Vote 'Yes' or leave the euro: European leaders talked tough ahead of
Greece's momentous referendum, but that threat could seriously
complicate a return to the negotiating table after Greeks said an
emphatic 'No' to more austerity.
- White House calls on Greece, EU to find compromise — 06 July 2015, 19:52 CET
The White House urged Greece and EU leaders Monday to find a compromise
to keep the cash-strapped country in the eurozone, after Greeks voted
resoundingly to reject an austerity-based bailout.
- Referendum snubs that the EU learned to manage — 06 July 2015, 22:49 CET
The history of the European Union is dotted with plebiscites where the
initial outcome, like this weekend's Greek bailout vote, seemed
catastrophic but was eventually resolved.
- What next for Greece? A timeline — 06 July 2015, 22:38 CET
Leaders from Greece and other eurozone countries are looking to see if
there is a way to resolve the struggling country's ongoing debt crisis,
following a resounding rejection by Greeks of the latest bailout
- Spain's Podemos urges Italy, France to back Athens — 06 July 2015, 19:17 CET
Spain's far-left party Podemos, an ally of Greece's ruling Syriza, on
Monday urged France and Italy's social democratic governments to back
Athens as it bids to negotiate a new debt deal.
- Euclid Tsakalotos, Greece' discreet new finance minister — 06 July 2015, 19:12 CET
Greece's new finance minister Euclid Tsakalotos is as discreet and
tight-lipped as his predecessor Yanis Varoufakis was flamboyant and
- Suspend Greece from euro, says ex French president Giscard — 06 July 2015, 19:02 CET
Former French president Valery Giscard d'Estaing, an architect of
Greece's entry into the European Union (EU) in 1981, said Monday the
country should be suspended from the euro.