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German Fin Ministry: We Need to Wait for Troika Report

The German government declined Monday to comment on reports in the German media about a widening gap in the funding need for Greece that...

S&P Cuts Greek Outlook to ‘Negative’

ATHENS - Standard & Poor's ratings agency has downgraded Greece's debt outlook to negative, blaming the worsening economy and warned that political challenges could...

Troika Likely to Seek Cyprus Cut in State Payroll

International lenders negotiating a bailout for cash-strapped Cyprus are likely to seek cutbacks in its public payroll and some increases in taxation, the Cypriot...

German Economy Minister: “Horror” of a Greek Euro Exit Has Faded

German Economy Minister Philipp Roesler on Sunday reiterated his doubts about whether debt-mired Greece would be able to stay in the euro zone, saying...

China and Europe Cut Key Lending Rates in the Aftermath of the Greek Crisis

Two of the world's biggest economies - China and the 17-nation euro currency bloc - are cutting key lending rates in a new effort...

ECB Official: Greece Must Deliver “100%”

A top European Central Bank official says that Greece must fulfill its austerity and reform targets "100 percent" to stay in the euro and...

Jens Weidmann: Greece Must Keep Bailout on Track

Greece must get its reform program back on track if the so-called troika of the European Union, IMF and European Central Bank judges that...

One-in-Three Chance Greece will Leave Eurozone, Warns S&P

Standard & Poor's Ratings sees 1 in 3 chance of the Hellenic country exiting the euro area in the coming months according to a...

Private Sector Deposits in Greek Banks Increased 0.5 Percent in March

Firms and consumers stopped pulling their money out of Greek banks in March, European Central Bank data showed on Monday, giving some respite to...

Greek Lenders To Get Temporary Capital Boost Ahead of Final Recap

Greek lenders will get a temporary capital boost from the state in the form of bonds until the country finalizes a bank recapitalization plan...

ECB’s Asmussen Sees Greek Growth From 2014

European Central Bank Executive Board member Joerg Asmussen said he expects Greece to return to growth in 2014 provided it implements its austerity program,...

EU Commission Denies Reports of New Troika Talks on Greek Cuts

The European Commission on Monday denied Greek media reports that officials from the country's international lenders were in Athens for talks on further budget...

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