Eliminate central government control on the scale of local government bond issues, expand the scale of local government debt issues, Xu wrote... READ MORE›
The European Central Bank is keeping its main interest rates unchanged. The bank's president, Mario Draghi, said on Thursday October 26 the eurozone economy was recovering... READ MORE›
Benoit Coeure, board member of the European Central Bank ECB, is photographed during an interview with Reuters journalists at the ECB headquarters in Frankfurt, Germany, May 17, 2017... READ MORE›
Greece is a faraway country with an economy roughly the size of greater Miami so America has very little direct stake in its ongoing disaster... READ MORE›
'Who will trust Germany after this?' Nobel Prize-winning economist Paul Krugman makes his feelings known... READ MORE›
Trump U.S. will never default 'because you print the money'... READ MORE›
The new bailout package would provide aid of up to EUR86 billion over three years, as well as an economic stimulus package for Greece... READ MORE›
The cause of this continuing trouble for Greece lies in the eurozone's existential crisis... READ MORE›
However, this market is in its infancy, Spajic said of China's corporate credit and government debt... READ MORE›
20 with Tsipras seeking to crush a rebellion in his leftist Syriza party and seal public support for the bailout program Greece's third since 2010 that he negotiated... READ MORE›
Eurozone finance ministers say they expect to hear fresh proposals from Greece after a referendum rejected the terms of an international bailout... READ MORE›
Eurozone ministers have called on Greece to put forward fresh proposals after Greek voters rejected the latest draft bailout deal in a referendum... READ MORE›
Even at this late stage it is possible that Greece will stay in the euro though after the weekend's events this is increasingly problematic... READ MORE›
Elected in January, Mr. Tsipras took office as an anti-austerity renegade, pledging to win a better debt deal for Greece... READ MORE›
Talks between Greece and its creditors broke down last week leading to Greek banks having to shut this week... READ MORE›
But Greek Prime Minister Alexis Tsipras said on Friday that there would be a solution to Greece's debt crisis... READ MORE›
Eurozone chiefs rule out any further bailout talks with Greece until after the country's referendum on Sunday, despite a new approach from Athens... READ MORE›
But if they stand firm, Greece may be forced to leave the eurozone and replace the euro with its greatly devalued former currency, the drachma... READ MORE›
But the shadow climate minister, Barry Gardiner, told the Guardian The European Central Bank should be aligned with Europe's industrial strategy and energy policy... READ MORE›
The moment someone introduces a new currency they exit the euro zone... READ MORE›
The pre-referendum terms have been made tougher, both through the quasi-automatic spending cuts and through the enforced sell-off of Greece's assets... READ MORE›
The banks have been propped up by emergency money from the European Central Bank... READ MORE›
Berlin is therefore doomed to persist with a project which fundamentally Germans don't want and has caused economic ruin throughout much of the rest of Europe... READ MORE›
This is the United States government, Trump told CNN's Chris Cuomo... READ MORE›
A European Commission spokesman emphasized that Greece needed to spell out what actions it will take before any bailout funds can be released... READ MORE›
A Greek Finance Ministry official said the pact would be worth up to 85 billion euros 94 billion in fresh loans over three years... READ MORE›
The Greek government has also issued 15 billion euros in short-term Treasury bills mostly to Greek banks... READ MORE›
Britain, not a member of the euro zone, said it was stepping up preparations for the possibility of Greece falling out of the single currency... READ MORE›
Money has been seeping out of the banks since Greece first had to take a bailout from euro zone governments and the IMF in 2010... READ MORE›
Greece wants debt relief from its European creditors including Germany and France the European Central Bank and the International Monetary Fund... READ MORE›
Germany's Handelsblatt newspaper reported that the IMF believes Greece needs a bigger bailout worth 90 billion euros... READ MORE›
The European Union wants the IMF involved in the bailout, but the latter says it that as things stand it can't because Greece's debt is unsustainable... READ MORE›
It also falls far short of the European Central Bank's target for close to but just under 2 percent over the medium term in the euro zone... READ MORE›
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