Finance and Monetary Affairs in the EU
Latest news on economic and monetary affairs in the European Union.
- Schulz says faith in Greek government at 'rock bottom' — 02 July 2015, 23:24 CET
European Parliament president Martin Schulz said Thursday his faith in
the Greek government had reached "rock bottom," and if its people vote 'Yes' at this weekend's referendum he expects an interim administration of technocrats to take charge.
- Greece won't leave eurozone, says Italian PM — 02 July 2015, 22:32 CET
Greece will not exit the eurozone regardless of the outcome of the
country's referendum this weekend, Italian Prime Minister Matteo Renzi
- Stakes rise in Greece's bailout referendum — 02 July 2015, 22:25 CET
Greece's government and international creditors raised the stakes Thursday over a weekend referendum that could decide the nearly insolvent EU country's political and financial future.
- Protesters urge Greeks to use fake ballot papers in referendum — 02 July 2015, 22:02 CET
Thousands of Communist Party supporters held a rally in Athens Thursday
calling for people to defy the government and vote with fake ballot
papers at Greece's upcoming bailout referendum.
- IMF: Greece needs EUR 36 bn more from EU — 02 July 2015, 20:20 CET
Greece needs 50 billion euros ($55 billion) over the next three years,
including 36 billion euros more from EU lenders, to stabilize its
finances even under existing creditor plans, the IMF said Thursday.
- Greece's top court to rule on legality of referendum — 02 July 2015, 20:19 CET
Greece's top administrative court, the Council of State, is to rule on
the legality of the government's rushed bailout referendum set for this
weekend, judicial sources said Thursday.
- Greek businesses buffeted by economic storm — 02 July 2015, 20:16 CET
Greece's dive into financial uncertainty is forcing struggling
businesses to take unusual steps to survive, including hoarding euros in
- Greeks waver between 'Yes' and 'No' ahead of bailout vote — 02 July 2015, 20:15 CET
In the shade of oak trees in a dusty Athens park, a fierce debate is
raging. Is it better to vote 'No' in the upcoming referendum and
unshackle Greece from its creditors, or say 'Yes' to Europe?
- Business groups divided over merits of Britain's EU membership — 02 July 2015, 17:06 CET
Opinion is divided among some of the UK’s most vocal business groups over whether or not Britain ought to remain a part of the European Union.
- Greek government 'may resign' if it loses referendum — 02 July 2015, 15:35 CET
Greece's radical left government said Thursday it may resign if it fails
to win a referendum that could decide the country's financial future.
- Poland's conservatives vow no euro if win polls — 02 July 2015, 15:02 CET
Poland's conservative Law and Justice (PiS) party said Thursday it would
not have the country adopt the European single currency if it wins, as
polls currently predict, the autumn general election.
- Hollande warns entering 'unknown' territory if Greece votes 'No' — 02 July 2015, 14:47 CET
French President Francois Hollande warned Thursday that Europe would be
entering "unknown" territory if Greeks voted against tough austerity
conditions attached to a bailout in a make-or-break referendum.
- ECB worries about Greece as source of market volatility — 02 July 2015, 14:12 CET
The European Central Bank worries about the wrangling over a debt deal
with crisis-hit Greece as a source of financial market volatility, said
minutes of a past meeting released Thursday.
- Thai crackdown on illegal fishing threatens industry — 02 July 2015, 13:49 CET
Around 5,000 Thai fishing boats have stopped operating out of fear they
will be prosecuted over new rules, as authorities crackdown to avoid a European Union ban on fish products.
- We take euro deposits, Greek bank pleads as customers withdraw cash — 02 July 2015, 13:37 CET
Capital controls are prompting worried Greeks to withdraw as much cash
as possible but, in an ironic counter-point, the country's National Bank
declared Thursday its ATMs still accepted euro deposits.
- Greek situation 'deteriorating': Dijsselbloem — 02 July 2015, 13:27 CET
Eurogroup chief Jeroen Dijsselbloem warned Thursday that Greece's
financial situation is deteriorating, saying a 'No' vote in Sunday's
crunch referendum would question whether Athens still had a place within
- Even with a bailout, Greece's debt must be tackled — 02 July 2015, 13:12 CET
Write down, write off, restructure, reprofile...whatever term you
choose, if Greece doesn't completely default on its debt, its creditors
will have to address the issue of its massive debt.
- We can't print drachmas, says Greece's finance minister — 02 July 2015, 12:02 CET
With speculation swirling that Greece might be forced out of the euro
and have to print its own money after a weekend referendum, its finance
minister on Thursday said the country no longer had the presses to make
- More volatility expected heading into Greek vote - Euro Currency update — 02 July 2015, 11:27 CET
After Greece failed to repay the International Monetary Fund, the common currency slid against a number of its peers.
- Greek PM urges 'No' vote to strengthen his hand — 02 July 2015, 11:11 CET
Prime Minister Alexis Tsipras urged Greeks to vote 'No' in a referendum
Sunday on bailout proposals after European leaders ruled out any further debt talks until seeing the outcome.
- Young Greeks flee abroad as crisis deepens — 02 July 2015, 05:42 CET
What does the future look like for young people in crisis-hit Greece,
where years of hardship and sky-high unemployment were followed this
week by bank closures? The answer: self-imposed exile.
- Lagarde says Greece talks still need 'more adulthood' — 02 July 2015, 00:22 CET
International Monetary Fund Managing Director Christine Lagarde said
Wednesday that talks between Greece and its creditors still would
benefit from "a bit more adulthood."
- What Greece still owes in 2015 — 02 July 2015, 00:09 CET
Greece has missed a 1.5 billion euro ($1.7 billion) payment to the
International Monetary Fund (IMF) sparking fears it is sliding towards a
messy eurozone exit -- and it still has another 10 billion euros due
- Russia blasts Finland for barring parliament speaker — 02 July 2015, 00:09 CET
Moscow on Wednesday slammed Finland for refusing entry to the speaker of Russia's parliament in the latest high-profile spat between the Kremlin and the European Union over the blacklisting of officials due to the Ukraine crisis.
- Moody's cuts Greece rating deeper into junk territory — 01 July 2015, 23:22 CET
Moody's cut its credit rating for Greece to a deep-junk "Caa3"
Wednesday, warning it is now less likely that official creditors will
support the country, whatever happens in Sunday's referendum.