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Business news and information from the European Union

Report Greek deposits may be seized is 'malicious rumour': minister 04 July 2015, 00:47 CET
A Financial Times report that Greek savers could lose 30 percent of their bank deposits to shore up their country's banking system is a "malicious rumour," Greek Finance Minister Yanis Varoufakis said Friday.

Report Greek deposits may be seized is 'malicious rumour': minister 04 July 2015, 00:42 CET
A Financial Times report that Greek savers could lose 30 percent of their bank deposits to shore up their country's banking system is a "malicious rumour," Greek Finance Minister Yanis Varoufakis said Friday.

Greek PM is hero and villain at rival rallies in divided Athens 04 July 2015, 00:40 CET
A warrior for the "No" supporters, an "emperor with no clothes" for the "Yes" camp -- thousands of people demonstrated at rival rallies in Athens Friday where Prime Minister Alexis Tsipras was both hero and villain.

Greek deposits may be seized to save banks: FT 04 July 2015, 00:17 CET
Greek savers could lose at least 30 percent of their bank deposits which could be seized to help shore up the country's banking system as fears grow of financial collapse, the FT reported Saturday.

IMF gives Greece something to mull over 03 July 2015, 23:12 CET
Reviled in Greece for pushing the bitter medicine of austerity, the IMF has nonetheless thrown Athens a bone by urging European countries to cough up more money to ease Greece's titanic debt load.

'Yes' or 'No' -- post-referendum scenarios for Greece 03 July 2015, 22:52 CET
What will happen after Greeks vote in the Sunday referendum on the terms of an international bailout? How will the country's creditors react? What options would the government have? Here are some ways that the crisis might develop.

Tusk urges EU to avoid 'dramatic messages' on Greece vote 03 July 2015, 21:42 CET
EU president Donald Tusk urged the bloc to avoid sending any "dramatic messages" even if the Greeks were to vote against bailout conditions in their weekend referendum.

Top Greece court rules referendum can go ahead 03 July 2015, 21:34 CET
Greece's top administrative court ruled Friday that a weekend referendum asking voters whether or not they support bailout conditions can go ahead, rejecting a challenge by two individuals.

Rival rallies in Greece, PM sees slipping support for vote 03 July 2015, 21:33 CET
Rival rallies swelled in central Athens late Friday ahead of a referendum the Greek government called to bolster it in its struggle with creditors, even though polls now show public support swinging against it.

Eight days in the Greek debt crisis 03 July 2015, 21:22 CET
Greece and the entire eurozone are in limbo as the country gets set for a referendum on bailout conditions on Sunday.

Greece PM urges 'No' vote to 'live with dignity in Europe' 03 July 2015, 21:22 CET
Greek Prime Minister Alexis Tsipras on Friday urged thousands of supporters gathered in Athens to vote "No" in the weekend referendum to "live with dignity in Europe".

Leftist Spanish parties back 'No' vote in Greek referendum 03 July 2015, 21:19 CET
Six Spanish leftist parties and platforms on Friday backed a "No" vote in Sunday's Greek referendum on its bailout terms.

Greek banks say have sufficient liquidity until Tuesday 03 July 2015, 17:42 CET
Greek banks have enough liquidity up to their reopening as expected early next week after the country's bailout referendum at the weekend, the bank association said Friday.

IMF debt figures on Greece 'outdated': Dijsselbloem 03 July 2015, 17:32 CET
Eurogroup chief Jeroen Dijsselbloem said Friday an IMF analysis on Greek debt restructuring was based on "outdated" figures, as he criticised comments by Greece's finance minister that a debt deal was "in the offing".

Greece declared in default ahead of knife-edge referendum 03 July 2015, 17:15 CET
Greece was officially declared in default on Friday, injecting even more urgency into a make-or-break weekend referendum that new polls suggested was too close to call.

PM urges Greece to vote 'No' as support slips away 03 July 2015, 17:14 CET
Greek Prime Minister Alexis Tsipras on Friday urged voters to ignore European scaremongering and vote 'No' in this weekend's referendum as polls showed support swinging behind the 'Yes' campaign.

Post-referendum talks with Greece would take 'a while': Schaeuble 03 July 2015, 15:32 CET
German Finance Minister Wolfgang Schaeuble said Friday that any new debt negotiations with Athens would take time to produce results, even if Greeks vote 'Yes' in a weekend referendum.

Berlin sees no automatic need for Greek debt restructure 03 July 2015, 14:17 CET
Germany said Friday that figures released by the International Monetary Fund on Greece's critical financing needs "by no means" automatically necessitate restructuring of its huge debt.

Greece's Varoufakis says debt deal 'in the offing' 03 July 2015, 13:43 CET
Greek Finance Minister Yanis Varoufakis said Friday that a debt deal for Athens with its international creditors was "in the offing."

'Yes', 'No' voters worlds apart in sleepy Greek town 03 July 2015, 13:41 CET
In the sleepy town of Argos in southern Greece, the 'No' and 'Yes' camps ahead of a historic bailout referendum are worlds apart. For one it's about rejecting austerity, the other is haunted by a possible return of the drachma.

EU leaders 'unlikely' to attend China military parade 03 July 2015, 13:40 CET
China's huge military parade to mark the World War II victory over Japan risks stirring resentment, the European Union's ambassador to Beijing said Friday, adding it was "unlikely" top EU institution leaders would attend.

Stability at stake in Northern Ireland as 'Brexit' risk grows 03 July 2015, 13:40 CET
The only part of Britain to share a land border with the rest of the European Union, Northern Ireland is anxiously awaiting a referendum on EU membership that could spell economic and sectarian trouble.

Greek position will be 'dramatically weakened' by 'No' vote: Juncker 03 July 2015, 13:22 CET
Greece's negotiating position with creditors would be "dramatically weakened" in the event of a 'No' vote in Sunday's bailout referendum, European Commission chief Jean-Claude Juncker said Friday.

Germany's Schaeuble soars in polls amid Greek crisis 03 July 2015, 11:58 CET
German Finance Minister Wolfgang Schaeuble's hardline stance in the Greek debt crisis has boosted his approval ratings, a new poll showed Friday.

Berlin's firm stance on Greece exposes divergence with Paris 03 July 2015, 11:42 CET
Germany has broken ranks with Paris and Brussels in slamming the door on talks with the Greek government on a new bailout deal before Sunday's crucial referendum, analysts say.