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euro zone
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The euro zone may need to spend only 10 billion euros or less to help recapitalize Greek banks, a senior EU official said, after an ECB test showed the sector would need an extra 14.4 billion euros of capital if major risks materialized. -
'No' shapes Greek history, even when it's not the last word
They defied a vast Persian army in 480 BC, rejected Italy's ultimatum during World War Two and told Europe to take a hike when presented with an unpalatable bailout deal in July, risking Greece's place in the euro zone. -
Greek leftist Tsipras returns in unexpectedly decisive vote win
Greek leftist Alexis Tsipras stormed back into office with an unexpectedly decisive election victory on Sunday, claiming a clear mandate to steer Greece's battered economy to recovery. -
Anti-austerity protests in Greece as bank shutdown bites
Tens of thousands of Greeks rallied on Monday to back their leftwing government's rejection of a tough international bailout after a clash with foreign lenders pushed Greece close to financial chaos and forced a shutdown of its banking system. -
Greek officials play down snap election option in debt stand off
Greek government officials on Saturday played down the possibility of early elections to break an impasse with the country's creditors the day after Prime Minister Alexis Tsipras dismissed the lenders' latest cash-for-reforms offer. -
Ally of Germany's Merkel: Britain's EU treaty change plan is unrealistic
An ally of German Chancellor Angela Merkel said on Monday it would be unrealistic for British Prime Minister David Cameron to expect to achieve changes to European Union treaties before the country holds a referendum on its membership of the bloc. -
Tsipras presses for early Greek debt deal but flags referendum
Greek Prime Minister Alexis Tsipras said on Tuesday he was confident of an early deal with international creditors, after shaking up his negotiating team and sidelining his outspoken finance minister who has infuriated euro zone partners. -
Early Greek election, referendum possible if EU rejects debt plan: Varoufakis
Greece could call a referendum or have early elections should its euro zone partners reject its debt and growth plans, Greek Finance Minister Yanis Varoufakis said in a newspaper interview on Sunday. -
Court upholds British challenge to ECB policy on clearing houses
The European Union's second-highest court has ruled the European Central Bank (ECB) was wrong to insist that euro clearing houses should be based in the single currency area, a policy Britain had challenged to defend its financial sector. -
Greek reform list to comprise mainly structural actions: government source
Greece's list of reforms to be submitted to the euro zone on Monday comprises pledges on structural issues such as tax evasion and corruption over the next four months without specific targets, a government official said on Saturday. -
ECB will take time to bed in as bank watchdog: Bundesbank's Dombret
The euro zone's three-month old banking super-regulator won't get everything right straight away as it directly supervises big, complex lenders for the first time, a senior official at Germany's Bundesbank said on Friday. -
Greece formally dissolves parliament ahead of election
Greece formally dissolved parliament on Wednesday ahead of a general election on Jan. 25 that has cast its international bailout into doubt and set financial markets on edge just as the euro zone grapples with renewed signs of weakness. -
Former German top judge says ECB could face more legal challenges
The European Central Bank could face more legal challenges over the policy tools it has deployed to shore up confidence and boost growth in the euro zone, Udo di Fabio, a former judge of Germany's Constitutional Court, said on Wednesday. -
Euro zone ministers upset by broken French budget promises
France faced harsh criticism on Friday for failing to meet a deadline to put its finances in order, as frustrated euro zone ministers struggled to keep alive their post-crisis strategy for the bloc's stagnating economy.
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