Bloomberg: Merkel, Hollande Say Time Short for Greek Economic Plan. German Chancellor Angela Merkel and French President Francois Hollande pressed Greece’s government to come up with an economic plan that its creditors can approve, saying time is short. Show More Summary
Warren Buffett isn't sure that Greece leaving the eurozone would be such a bad thing. "I've thought the euro has structural problems from the moment it was put in, which does not necessarily mean it will fail," Buffett said in an interivew...Show More Summary
Mount Athos, in northern Greece, is a place steeped in a truly unique history. The tree-swathed slopes of the “Holy Mountain,” as it is commonly called, encompass 127 miles on the coast of the Aegean Sea. Mount Athos, which operatesShow More Summary
Key markets sink at least 1% by close as investors eye latest EU bailout negotiations.
Greece’s prime minister has told Russian media that his visit to Moscow, scheduled for next week, will lay new foundations for Russian-Greek relations, while speaking warmly of the two countries’ historic “brotherly relations”. In an...Show More Summary
German chancellor again puts pressure on Athens to come up with suitable reform plan.
The ECB's staff is tired.
US stocks give up gains at open as investors continue to focus on Greece, oil prices.
There is a legal concept called "odious debts." It can be traced back more than a century. The US helped create a precedent for it by denying Cuba's responsibility for the debt incurred under Spanish colonial rule. The concept took on added significance...
Investment capital is fleeing mainland China due to increasing combined economic risks and a lack of trust toward the government in Beijing, one of its destinations being Greece.
Mariano Rajoy expressed hopes that EU-Greek negotiations will be successful and will lead to a solution that benefits everyone.
Earlier today, the supposedly resurgent Eurozone reported a February unemployment number of 11.3%, which not only missed consensus but was worse than the highest estimate. This miss meant the recent steady trend of improvement would have halted if January's unemployment print of 11.3% hadn't been revised higher by 10 bps. Show More Summary
BERLIN (Reuters) - A prominent Eurosceptic in German Chancellor Angela Merkel's conservative bloc resigned on Tuesday, saying he had come under pressure to back an extension of Greece's bailout, becoming first high-profile German politician to do so.
Viz Dave Lutz at JonesTrading, here's a super quick guide to what traders are talking about before the market open. Good Morning! US Futures are retreating 60bp, with the S&P back under the 50dma – as European markets get softer. The...Show More Summary
ATHENS (Reuters) - Talks between officials from Greece and its EU/IMF lenders in Brussels have ended without a deal on the country's reform plans and may continue next week, three Greek government officials said on Tuesday.
The Greek government continues to climb down substantively on its promises of resistance to the dictates of its creditors as time pressure intensifies.
IMF and EU experts are scrutinising a list of reforms that Greece has proposed in its bid to get the creditors to release funds. ||| Athens - Greek Prime Minister Alexis Tsipras said he wanted an “honest compromise” as the cash-strapped country wrangled with eurozone creditors over a new package of reforms needed to unlock vital bailout funds. Show More Summary
China Ocean Shipping (Group) Co will bid for a majority stake in Greece's port of Piraeus after the country's new socialist government apparently reversed
Last year, Russian President Vladimir Putin scrapped construction of the South Stream pipeline. This cancellation made way for a new project, dubbed the Turkish Stream pipeline, expected to make landfall in Turkey and then cross into Greece at its eastern border.
Greece's bailout talks aren't going very well. Prime Minister Alexis Tsipras addressed Greece's parliament late on Monday, but gave little new indication on a deal. Greece tentatively agreed to extend its current bailout back in February,...Show More Summary