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Euro zone

Reuters: Germany Prepares for Grexit

Germany is preparing for the possibility that Greece will depart from the euro zone if leftist SYRIZA wins the elections and comes to a collision with its European partners. With SYRIZA leading the polls based on promises that it will...

Keep Lending Us Money, But Don't Tell Us What to Do

After the announcement of the presidential election by the Greek coalition and the political upheaval that followed, some European Union officials expressed opinions that were characterized by many as indirect or direct intervention in Greek politics. First, EU Commission President...

Eurogroup Will Not Decide Today on Greek Bailout Extension, Moscovici Says

The euro zone finance ministers will not decide today on any extension of Greece ’s bailout program, said EU Commissioner for Economics and Financial Affairs Pierre Moscovici ahead of the meeting. “What we really want is to reach good agreements...

Simitis: Europe is Sacrificing Greece

The former Prime Minister of Greece, Kostas Simitis, in an article in the newspaper "To Vima," comments on the role of Greece in the European crisis and the future of the Euro zone. Simitis refers to Greece as the "Iphigenia...

Eurozone Sets 2.8B Euros Loan For Greece

As the Greek Parliament readied for a debate on April 28 whether to pass another list of reforms demanded by international lenders in return for rescue aid, Eurozone officials were to meet the next day and expected to release...

Stournaras Sees Greek Recovery Late 2013

Greece's economy recession is expected to continue for a sixth straight year in 2013, but there may be signs of growth after the second half of the following year, the country's finance minister said Saturday in a Greek newspaper. "After...

Schaeuble Says Greek Debt Out of Control

German Finance Minister Wolfgang Schaeuble has sent a letter to the President of the German Parliament in which he stated that Greek debt will be higher than estimated in a recent Eurozone meeting that agreed to release 44 billion...

Euro zone Looking for Greece to Buy back 40 Billion Euros of Debt

The euro zone is hoping Greece will be able to repurchase at least 40 billion euros of its own bonds in a buyback operation with private investors, two euro zone officials said on Friday. Euro zone finance ministers expect Athens...

Olli Rehn Sees Definitive Deal on Greek Aid on Monday

Greece has taken all the steps necessary to secure its next tranche of aid and euro zone finance ministers should be able to sign off definitively on the assistance on Monday, the European commissioner for economic affairs said on...

Citibank Sees Greece Euro Exit by 2014

Citibank reports that Greece will leave the Eurozone  by 2014. Citbank examined the reports of international financial institutions in a number of countries and said that it is now looks inevitable that Greece can not stay in the bloc...