Euro zone

Euro zone finance ministers on Wednesday decided to suspend short-term debt relief measures for Greece in response to extra spending on pensions announced by Greek Prime Minister Alexis Tsipras. "The institutions have concluded that the actions of the Greek government appear...

"The implementation of tough measures is the only way, since Greece decided to remain in the euro zone," said German Finance Minister Wolfgang Schaeuble. Schaeuble spoke after a meeting of European Union finance ministers (ECOFIN) held in Brussels, saying that,...

Greece is broadly on track to meet fiscal targets for 2016 set by euro zone creditors and its primary surplus goal for next year is also within reach, European Commission Vice President Valdis Dombrovskis said on Monday. Dombrovskis spoke to...

Greeks lost 30 percent of their wealth since 2007, while in the rest of western Europe households are much better off economically in 2015 than in 2007, a report says. The Allianz Global Wealth Report, by German insurance giant Allianz, says...

It would be better for Greece to leave the euro zone, said Nobel Prize winner economist Paul Krugman while in Athens. The renowned economist, who is also a New York Times columnist, is one of the panelists in the Athens...

Euro zone finance ministers urged Greece to complete the implementation of required reforms by October's end in order to receive the next bailout tranche. Friday's Eurogroup in Bratislava did not go as the Greek side would wish, since creditors asked...

The creation of a new fund to shield the euro zone from financial shocks will be discussed at a Eurogroup meeting scheduled for Friday; the fund policies might put Greece under permanent fiscal supervision. According to Reuters, the Slovak European Union presidency...

The euro zone will not give the green light for bailout funds to Greece in September at the Bratislava Eurogroup on Friday, according to German financial newspaper Handelsblatt Global. The report cites European Commission officials who argue that the reason...

Prime Minister Alexis Tsipras has called on Europe to offer debt relief to Greece, on the 63rd anniversary of the generous debt write-off to Germany (August 8, 1953). In a message he posted on Facebook, the Greek prime minister reminds...

Greece is not on the agenda of today's (Monday) meeting of euro zone finance ministers, but European Commission officials warn Greece that September will be tough. The second review of Greece's bailout program will take place in September and it...