News about economy

Madrid's mantra: Spain is not Greece Greece's economic turbulence is dominating political debate in Spain ahead of a year-end general election, with the ruling conservatives pointing to Syriza's difficulties to discredit its Spanish ally Podemos.

08 July 2015 14:12

Merkel: 'still no basis' for talks on new Greek bailout German Chancellor Angela Merkel said that there was still no basis for talks on a new Greek bailout, as she arrived in Brussels for an emergency summit of eurozone leaders.

08 July 2015 10:35

Nursultan Nazarbayev hails Eurasian integration Nursultan Nazarbayev says Eurasian integration is the way of progress and success.

07 July 2015 18:03

'Can't take risk' of Greece leaving euro: French PM France can't take the risk of Greece leaving the eurozone, which would have an effect across the globe, the prime minister said on Tuesday.

07 July 2015 13:40

IMF 'ready to assist Greece if requested': Lagarde International Monetary Fund chief Christine Lagarde said that the global crisis lender would assist Greece if asked, a day after Greek voters rejected a prior bailout plan.

07 July 2015 11:35

'Europe without Greece? Joke,' says Greek foreign minister Greek Foreign Minister Nikos Kotzias ruled out his country's exit from the EU and called for calm after Greek voters rejected bailout terms of international creditors.

07 July 2015 11:27

Euro picks up after Greek finance minister quits The euro rose after Greece's Finance Minister Yanis Varoufakis announced his shock resignation, just hours after the cash-strapped nation rejected creditors' austerity demands in a landmark weekend referendum.

06 July 2015 14:51

Yanis Varoufakis: Greece's 'erratic Marxist' Yanis Varoufakis, Greece's finance minister resigned despite the government having secured a resounding victory in a weekend referendum.

06 July 2015 13:44

Greek 'No' wins referendum with over 61% of votes: near-complete results More than 61 percent of Greek voters rejected fresh austerity demands by the country's EU-IMF creditors in a historic referendum.

06 July 2015 12:09

Moscow sees Greece 'closer to euro exit' after bailout referendum Greece has moved a step closer towards a eurozone exit as early results from a crucial bailout referendum suggested Greeks had overwhelmingly rejected creditors' demands for more austerity.

06 July 2015 10:47

Greece would need new currency if votes 'No': Schulz Greece will have to introduce another currency if it votes 'No' in Sunday's referendum on its potential bailout terms, European Parliament president Martin Schulz said.

06 July 2015 10:26

Tusk urges EU to avoid 'dramatic messages' on Greece vote 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.

04 July 2015 14:16

Greek banks say have sufficient liquidity until Tuesday Greek banks have enough liquidity up to their reopening as expected early next week after the country's bailout referendum at the weekend.

04 July 2015 12:04

Malaysian PM dismisses funds report as 'political sabotage' Malaysia's premier Najib Razak on Friday dismissed as "political sabotage" a report that a probe into a state-owned investment fund had found hundreds of millions of dollars were transferred to his personal bank accounts.

03 July 2015 14:48

Greece won't leave eurozone, says Italian PM Greece will not exit the eurozone regardless of the outcome of the country's referendum this weekend, Italian Prime Minister Matteo Renzi said.

03 July 2015 12:01

IMF: Greece needs 36 bn euros more from EU Greece needs 50 billion euros over the next three years, including 36 billion euros more from EU lenders, to stabilize its finances even under existing creditor plans.

03 July 2015 10:53

Defiant Greek PM vows referendum will go ahead Greek Prime Minister Alexis Tsipras vowed to press ahead with a controversial bailout referendum as European leaders ruled out any fresh debt offer before Sunday's vote.

02 July 2015 15:57

Greece: IMF says payment delays no help to nations in crisis The International Monetary Fund said that allowing a borrower to delay repayment, as Greece has requested, is generally ineffective in helping a country overcome crisis.

02 July 2015 11:42

Ukraine suspends Russian gas purchases in new price row Ukraine announced the immediate suspension of all Russian gas purchases after EU-mediated negotiations aimed at keeping supplies running for at least three more months broke down.

01 July 2015 13:05

Eurozone refuses Greek bailout extension, more talks Wednesday Eurozone finance ministers declined to extend Greece's bailout Tuesday hours before its expiry and a possible IMF default.

01 July 2015 11:35

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