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Finance and Monetary Affairs in the EU

Latest news on economic and monetary affairs in the European Union.

Greece vote set for Sept 20 as Syriza takes poll lead 28 August 2015, 20:19 CET
Greece geared up Friday for a snap election next month, with an opinion poll showing leftist party Syriza ahead despite a wave of defections over the country's massive new bailout.

German inflation data could threaten Euro gains - Euro Currency update 28 August 2015, 12:06 CET
The common currency gained across the board at the beginning of the week as the global stock market slump saw investors unwind carry trades.

Greece's top judge takes over as caretaker PM ahead of snap vote 27 August 2015, 21:06 CET
Greece's top judge on Thursday became the country's first female prime minister, taking over a caretaker administration to organise early elections next month, the fifth in the crisis-hit country in six years.

Greece's Tsipras rules out forming national unity govt 26 August 2015, 22:12 CET
Outgoing Greek Prime Minister Alexis Tsipras on Wednesday ruled out forming a national unity government should he fail to win a outright majority in snap elections triggered after he resigned last week.

Greek privatisations will go ahead: outgoing economy minister 26 August 2015, 20:34 CET
A major sell-off of Greek public assets promised as part of its huge international bailout will go ahead as planned, the outgoing economy minister said Wednesday, despite looming snap elections.

Syriza plans programme to ease 'negative' impact of Greek bailout 26 August 2015, 00:16 CET
Greece's ruling radical left Syriza party is preparing a "parallel" programme to help ease the "negative consequences" of the tough austerity reforms that were required to obtain its latest international bailout.

New blow for Greece's Syriza as rebels try to form gov't 24 August 2015, 18:43 CET
Greece's embattled ruling Syriza party suffered another blow Monday when its secretary quit, as eurosceptic rebels were given a mandate to try to form a government.

Greek eurosceptics to take government mandate amid early election row 23 August 2015, 22:42 CET
A breakaway eurosceptic faction of Greece's Syriza party was to attempt to form a government Monday as the country headed for a likely September 20 snap ballot.

Greek political leaders row over snap election 23 August 2015, 20:38 CET
An unprecedented war of words has broken out between Greece's outgoing government, the parliament chief and the president over early elections likely to be held on September 20.

Greece rebels form new party ahead of snap polls 21 August 2015, 23:33 CET
Rebels from Greece's Syriza party on Friday formed a breakaway parliamentary group after Prime Minister Alexis Tsipras resigned, paving the way for the crisis-hit country's fourth election in three years.

Lafazanis: Greek rebel with a eurosceptic cause 21 August 2015, 16:47 CET
Greek rebel leader Panagiotis Lafazanis is an outspoken former Communist whose staunch opposition to the latest bailout deal split the ruling Syriza party and ultimately forced new elections.

EU 'not surprised' by Greece snap election call 21 August 2015, 14:32 CET
The EU on Friday said the decision by Greek premier Alexis Tsipras to hold snap elections was "not a surprise" and that it remained confident the reforms promised by Athens would be implemented.

Germany says expects Athens to implement bailout reforms 21 August 2015, 13:17 CET
Germany said Friday it expects Athens to implement reforms agreed under a massive bailout, as Greek Prime Minister Alexis Tsipras's resignation has not changed anything agreed under the European rescue plan.

Cyprus church 'disposes assets' to pay EUR 100m loans 21 August 2015, 12:59 CET
The Church of Cyprus, heavily hit by the country's financial crisis two years ago, will dispose of assets to help pay off 100 million euros owed to banks, its head said on Friday.

Eurozone business activity strengthens in August: survey 21 August 2015, 12:09 CET
Eurozone business activity rose in August, the closely watched Markit survey said on Friday, on the back of solid growth in Germany and despite sluggishness in France.

Key dates in Greek debt crisis 21 August 2015, 01:17 CET
Here are some key dates in the Greek debt crisis, after Prime Minister Alexis Tsipras announced his resignation and called for snap elections to tackle a revolt within his party over the country's new bailout.

Alexis Tsipras: PM locked in an endless Greek drama 20 August 2015, 23:31 CET
Prime Minister Alexis Tsipras knew all too well that Greece's huge bailout would appall many in his radical leftist party -- but now the hard-fought rescue has cost him his government.

Tsipras resigns, calls snap polls to beat party revolt 20 August 2015, 23:10 CET
Greek Prime Minister Alexis Tsipras announced his resignation and called for snap elections on Thursday, as he went on the offensive to defend the country's massive bailout after it triggered a rebellion within his own hard-left party.

Malawi discovers new mineral deposits, eyes investors 20 August 2015, 21:43 CET
Impoverished Malawi announced Thursday that new mineral deposits had been discovered in a $30-million geophysical survey sponsored by the World Bank and the European Union.

European Stability Mechanism Programme for Greece 20 August 2015, 20:45 CET
The European Commission signed the Memorandum of Understanding (MoU) with Greece for a new stability support programme on 19 August. The European Stability Mechanism (ESM), Europe's firewall established in 2012 in response to the global financial crisis, will be able to disburse up to EUR 86 billion in loans over the next three years, provided that Greek authorities implement reforms to address fundamental economic and social challenges, as specified in the MoU.

Greece repays ECB as snap poll pressure rises 20 August 2015, 18:45 CET
Greece repaid a huge debt to the ECB on Thursday, effectively starting its third mammoth bailout, as deepening political rifts in Athens pressured Prime Minister Alexis Tsipras to call snap elections.

Greece to receive EUR 23 bn cash injection ahead of key repayment 20 August 2015, 10:26 CET
Greece is set to receive the first instalment of its third multi-billion-euro bailout Thursday, just as a key repayment to the European Central Bank falls due.

Greece gets go-ahead for third multi-billion euro bailout 20 August 2015, 00:42 CET
Greece got the green light on Wednesday to start repaying its debts and reviving its economy after eurozone finance ministers formally approved a third reforms-for-rescue of up to 86 billion euros.

Greek PM wants European Parliament to join creditors quartet 20 August 2015, 00:41 CET
Greek Prime Minister Alexis Tsipras on Wednesday asked that the European Parliament join the group of creditors overseeing the recently-approved bailout deal.

Dutch PM grilled on Greece, beats no-confidence bid 19 August 2015, 21:11 CET
Dutch Prime Minister Mark Rutte received a grilling Wednesday in parliament for his cabinet's support for debt-ridden Greece's third international bailout, as he fended off a bid for a no-confidence vote on the issue.