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Thursday, June 18, 2015

No Greek Deal At Eurogroup Meeting – Euro Summit On Monday

Greece’s game of reaching a bridging deal with its European partners during the meeting of Eurozone Finance Ministers on Thursday afternoon in Luxembourg seems to have been lost and plans are currently underway for a top political level meeting this coming Monday. European Commissioner for the Euro and Social Dialogue Valdis Dombrovskis was the first to announce that the clock has started to tick away for Greece on his personal Twitter account. According to his tweet, no agreement was reached in today’s Eurogroup and Greece should seriously engage in negotiations. European Council President Donald Tusk confirmed rumors a few minutes later, announcing that Eurozone leaders will meet to discuss the impasse in reform-for-cash talks with Greece on Monday at 5.00 pm local time. Eurogroup President Jeroen Dijsselbloem revealed that there was some flexibility on the part of the institutions to examine the economic situation in Greece and allow the country to send counterproposals replacing some of the measures, but “unfortunately the proposals sent by Athens are not reliable and cannot be included in an agreement,” he said. After the Eurogroup, European Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici made it clear that there is not much time left for Greece. “We are now at the end of the game. It’s the time we must act and decide. Not much time left to avoid the worst. The situation is extremely serious and critical. During the last weeks, we have been trying to avoid obstacles. It is to everyone’s benefit to keep the euro project united,” he stated. Yanis Varoufakis: “There is Enough Time to Reach an Agreement.” Speaking after a meeting of finance ministers in Luxembourg that failed to break an impasse between Greece and its international creditors over reforms Athens must undertake in exchange for sustained financial aid, Mr Varoufakis said he presented a proposal on planned overhauls “that can, if accepted, resolve the Greek crisis once and for all.” The Greek proposal, which was presented by officials in negotiations in recent weeks has been deemed as insufficient by creditors, who say differences over spending cuts and other concessions Greece would make remain high. Mr Varoufakis said that while there isn’t much time left, “there is enough time to reach an agreement.”


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Justice minister defends cohabitation agreements

A day after Archbishop Ieronymos, the head of the Church of Greece, attacked cohabitation agreements as a “poor imitation” of marriage, Justice


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Teachers scoff at plan for conscripts to help with school staff shortages

Greece’s secondary school teachers’ union (OLME) dismissed as a “joke” on Thursday the idea of conscripts in the armed forces helping plug teacher shortages at schools.


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Greece faces another hefty fine, this time over sewage

After being slapped with an 11.4-million-euro fine in May for failing to shut down dozens of illegal landfills, Greece may face an additional penalty of at least 14.5 million euros on Tuesday if the European


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NASDAQ RECORD HIGH: Here's what you need to know (SPY, DJI, IXIC, USD, EUR, IBB, DWGC, USD, GLD, SLV, IBB)

The Nasdaq reached a 15-year intraday high and closed at a record peak on the best day for the US stock market this week.  First, the scoreboard: Dow: 18,139.76, +204.02, (1.14%) S&P 500: 2,122.28, +21.84, (1.04%) Nasdaq: 5,134.21, +69.33, (1.37%) And now, the top stories on Thursday: There is "no agreement yet is in sight" between Greece and its creditors. Eurogroup president Jeroen Dijsselbloem said this in a press conference after a meeting of Eurogroup finance ministers. Greece is due to pay €1.5 billion ($1.70 billion) to the IMF in less than two weeks, and most likely doesn't have the funds. Today's meeting had been considered the landmark moment preceding a serious fallout. There was a huge rally in Athens to press for a deal. After the press conference, Bloomberg reported that Dijsselbloem said Greece is headed for a Euro exit. The euro climbed to a one-month high of 1.1436 against the dollar. The Athens Stock Exchange General Index fell more than 18% to a three-year low before the meeting. Fitbit soared 52% above its IPO price of $20 per share at the open on its first day of trading. The opening price valued the company at about $6.3 billion. The company had raised its price range to $17 - $19 from $14 - $16 and the number of shares on offer, after investors showed strong demand. The average insider owns the stock at $0.37 a share, according to CNBC. Fitbit is trading on the New York Stock Exchange with the ticker FIT. On Thursday we also go our final 3 pieces of major economic data for the week: Inflation rose less than expected in May. Headline consumer prices rose 0.4% month-over-month and 0.1% year-over-year. Prices were flat month-over-month, and up 1.7% year-over-year on a "core" basis. May marked the first month since February that headline inflation didn't fall year-over-year, although the plunge in gas prices is still a factor. "We think that the brief and energy-driven deflation period in US inflation is likely behind us, and we expect inflation to gradually pick up in H2 15," Barclays economists wrote in a client note after the release. Initial jobless claims fell more than expected last week. Claims for unemployment insurance fell 12,000 to 267,000, marking the 15th straight week that the number read below 300,000. The four-week moving average now stands at 276,750, down 2,000 from the previous week.  The Philadelphia Fed's latest manufacturing report came in at 15.2, crushing expectations for a reading of 8.0. This was the highest reading for the measure since December. The report showed that demand for manufactured goods increased as employment expanded, and the number of firms increasing hiring exceeded the number of firms trimming staff.  Gold and silver rallied more than 2%. Gold crossed the key $1,200 per ounce level to around $1,205, the highest level in three weeks. Silver climbed to as high as $16.40 an ounce.  The iShares Nasdaq Biotechnology ETF rallied as much as 3% to a record high. The ETF, which tracks stocks in the industry, has seen two big plunges this year, including a major correction in April. It's up more than 50% since mid-July 2014, when Federal Reserve chair Janet Yellen said biotech stock valuations "appear substantially stretched." Some Wall Street firms including Citi have voiced concern that the industry is in a bubble. DON'T MISS: Here's when 17 Wall Street gurus think the Fed will hike rates »Join the conversation about this story » NOW WATCH: Two models in Russia just posed with a 1,400-pound bear


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Greece's Varoufakis says 'accident' in debt row is 'dangerously close'

Greek Finance Minister Yanis Varoufakis warned on Thursday that "an accident" in the bitter dispute between Greece and its EU-IMF creditors over unlocking vital bailout cash for Athens was drawing "dangerously close."


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Police make seven arrests in crackdown on tobacco racket

Seven people aged between 28 and 59 were arrested in coordinated raids across Attica on Thursday, in an operation launched by the Economic Police to crack down on an international network smuggling illegal tobacco products into the European Union through a base in Greece.


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SYRIZA’s Makri takes legal action against Stournaras for Grexit threat

Outspoken SYRIZA MP Rachil Makri on Thursday took legal action against Bank of Greece Governor Yannis Stournaras, accusing the banking chief of “possible malice” as regards his monetary policy report on


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Greece faces banking crisis after eurozone meeting breaks down

Emergency summit of leaders called for Monday as fears rise for Greek financial system if a deal cannot be reachedGreece is facing a full-blown banking crisis after a meeting of eurozone leaders broke down in acrimony and recrimination on Thursday evening, bringing the prospect of Greek exit from the eurozone a step nearer.Some €2bn of deposits have been withdrawn from Greek banks so far this week – including a record €1bn yesterday – triggering fears that a breakdown in talks would spark a further flight of funds. The German leader Angela Merkel, French president Fran├žois Hollande and Greek prime minister Alexis Tsipras agreed to stage an emergency EU summit on Monday as a last critical attempt to prevent Greece going bankrupt. A representative of the European Central Bank told the meeting it was unsure whether Greek banks would have the funds to be able to open on Monday. Related: Eurozone talks end without deal as Greek proposals rejected Continue reading...


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Greece hopes Monday euro zone summit productive

ST PETERSBURG, Russia (Reuters) - The Greek government hopes Monday's last-ditch summit of euro zone leaders to resolve the standoff between Athens and its creditors can help produce a result, an official said on Thursday. "We hope that Monday's summit is productive," said the official, who was travelling with Prime Minister Alexis Tsipras on a visit to St Petersburg. He gave no other details. (Reporting by Renee Maltezou)


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Greece's Varoufakis says euro zone 'dangerously close' to 'accident'

Greek Finance Minister Yanis Varoufakis said on Thursday the euro zone was "dangerously close" to a state of mind "that accepts an accident," slamming other ministers, whom he said did not want to discuss his proposal to set up an automatic break on the country's public deficit. Varoufakis said the "radical proposal" for an independent fiscal council monitoring budget execution, with an automated hard deficit break, was Greece's "gesture of goodwill to our partners," to show it is keen to reform. Varoufakis said all political leaders had a responsibility to work on finding a solution, adding that Eurogroup chief Jeroen Dijsselbloem was focusing "unfortunately" only on Greece's responsibilities.


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Thousands rally in Athens for Greece to stay in euro zone

By Angeliki Koutantou ATHENS (Reuters) - Several thousand demonstrators chanting "Europe! Europe!" rallied in front of parliament in Athens on Thursday calling for Greece to keep the euro, as the country edged nearer to a default that could force it out of the single currency zone. Greece's future in the bloc and even in the EU has hung in the balance as the leftist government of Prime Minister Alexis Tsipras, which swept to power five months ago on a platform of resisting austerity, has reached deadlock with its creditors. "This is the first demonstration I've joined in for the last five years because it's the first time that we've been at risk of quitting the euro," said Alexandra Spei, a 50-year-old accountant.


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Night vision: Greek coast guard searches seas off Lesvos island nightly amid migrant crisis

In the dead of night, a Greek coast guard patrol boat slips its moorings, heading out across the bay toward the Aegean Sea that separates the island of Lesvos from the nearby Turkish coast.


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Greece crisis: No deal over Greece bailout

Bailout talks with Greece have yielded very little and no agreement is in sight yet, the eurozone's top official has said. Eurogroup president Jeroen Dijsselbloem said Greek finance minister Yanis Varoufakis presented too few measures that were credible ...


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Eurozone leaders to hold emergency summit on Greece

LUXEMBOURG (AP) — The eurozone's 19 leaders will meet in an emergency summit next week to seek a breakthrough in Greece's bailout after talks Thursday ended in acrimony, intensifying fears that the country was heading for bankruptcy and an exit from the ...


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Grexit! Then What?

Reasonable questions and serious concerns about the future of Greece's economy have resulted in some presenting a Greek exit from the euro zone as if it were redemption for the Greek people, the ideal mean for the relaunch of the Greek economy. Obviously, fueled by obsessions or other motives, they overlook the views of the overwhelming majority of analysts, that point to the exact opposite conclusion. More specifically, in the case of a Greek exit from the euro zone, the rate of our new national currency will be much worse than the one appointed when we joined the common currency. There is an even more worrying prediction that immediately after exiting the euro zone our new national currency will be devalued further at least by half, with a respective reduction of the purchasing power of Greek households. Furthermore, it is obvious that the Greek banks will no longer have access to the Emergency Liquidity Assistance (ELA), which covers the dramatic outflow of deposits. In such a case, an inevitable consequence will be the enforcement of capital controls over the banking system on the part of the government, in order to prevent the massive fleeing of those deposits that are still in the Greek banks. Another negative consequence will be the dramatic surge of inflation, resulting in outrageous prices for basic goods. This will happen because, with the rapid devaluation of our national currency, imports will become very expensive and the high prices will be diffused to the economy, creating a suffocating framework of unbearable accuracy. In such a negative economic environment, it is certain that a large number of enterprises will close and unemployment will exceed even the most pessimistic forecasts. Apart from the many issues stated above, while the internal debt could convert to the new national currency, it is not allowed to do the same with our external debt, which will remain in euros. However, since the tax base of the Greek economy will be based on our devaluated new national currency, it will become prohibitive even to pay the interest on our loans in euros. According to recent data, Greece will remain trapped in a vicious circle of recession, since a relevant study by the IMF forecasts further recession of 8 percentage points in case of default. Moreover, the Greek public system, not being able to satisfy the demands of the holders of Greek bonds that were issued after the process of the PSI, will be led to lengthy litigations, just as in the case of Argentina. The only ones who would benefit from a potential Grexit, would be the foreigners, since after a Greek default, they would buy real estate, companies and other assets of the private and the public sector at a bargain price. The consequences of a Grexit would cause a huge shock to the economy and society, while there is unrest in the Balkans, the Turkish provocations in the Aegean intensify, scores of irregular migrants are flooding the country and crucial national issues remain open. Some might characterize the above predictions as excessive or as a product of alarmism. I hope that the discussion on Grexit will remain at a theoretical level and that the Greek people will not experience the real consequences of a default, because these consequences may eventually prove to be even worse than what I mentioned above. Greeks have already gone through unprecedented sacrifices in order to avoid an exit from the euro zone. If the potential Grexit is a big problem for Europe, for Greece it is nothing short of a disaster. This post first appeared in HuffPost Greece and was translated into English. -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.


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Euclid Tsakalotos – Greece's secret weapon in credit negotiations

Oxford-educated economist is well qualified as the point man in negotiations between Athens and international creditorsFor those who thought the battle to save Greece was all about a rag tag bunch of leftists finally seeing the light, Euclid Tsakalotos has made many think again.At the eleventh hour, the Oxford-educated economist has emerged as Athens’ secret weapon, sounding every inch the man he was raised to be: a public school member of the British establishment. “It is rather surprising to the other side,” he says, the Greek parliament framed in the window of his eighth floor office. “But so, too, is the fact that I understand their economic arguments.” Phlegmatic, professorial, mild-mannered, Tsakalotos has spent the best part of 30 years in the ivory towers of Britain and Greece “engaging critically” with neoclassical economic thinking. Related: Eurozone talks end without deal as Greek proposals rejected Continue reading...


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If Greece and Russia feel humiliated, that’s something Europe cannot ignore

As Tsipras and Putin ratchet up the rhetoric, Europe should try to offer answers, but not full mea culpasListening to the news these days, you’d assume that the politics of humiliation has taken over in Europe. Coming out of Greece and Russia, there is fiery rhetoric about nations being downtrodden, their pride trampled, their wellbeing attacked by hostile external forces.Greek prime minister Alexis Tsipras has accused his country’s creditors of attempting to “humiliate our people”, while Vladimir Putin has announced that 40 intercontinental missiles would be added to his country’s arsenal, as a retaliatory measure against what he claims are western attempts to humiliate and intimidate Russia.There has never been a deliberate intention to crush national pride in these countries Related: Greece blames everybody but itself for its economic woes | Harry Theoharis Continue reading...


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Why Greece might now have the upper hand in crunch talks

Analysis: Alexis Tsipras and his negotiators are not playing by Europe’s established rules – and a Grexit could end up hurting the EU more than themGreece knows it. The International Monetary Fund knows it. Every European finance minister knows it. After the latest failure to secure a deal at the meeting of finance ministers in Luxembourg, the crisis is coming to a head. The unescapable facts are that between Monday and Wednesday, some €2bn (£1.43bn) left the Greek banking system – more than the €1.5bn in additional emergency financing provided by the European Central Bank this week. The banks are losing around 0.5% of their deposits each day and cannot sustain losses of this sort. They are on the brink of collapse. Related: Eurozone talks end without deal as Greek proposals rejected Continue reading...


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U.S. encouraging all sides to work toward resolving Greek crisis

The United States is encouraging all parties in the current Greek debt crisis to work together to find a resolution, a State Department spokesman said on Thursday. "We encourage all parties to continue to work toward resolution here and to do so as expeditiously as possible," State Department spokesman John Kirby told a regular press briefing.


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No 'Adults in the Room', IMF's Lagarde Says as Greek Debt Talks Fail

There have been no results at the last-minute negotiations at a Luxembourg meeting of Eurozone finance ministers also attended by Christine Lagarde of the International Monetary Fund (IMF). About 18:00 local time on Thursday, the meeting ended without yielding any results. Eurogroup head and Dutch FM Jeroen Dijsselbloem said the group is prepared for "eventualities" if no agreement can be reached. IMF Managing Director Christine Lagarde for her part was heard saying that the dialogue could continue only with "adults in the room", according to the Guardian, in an apparent reference to Greek Finance Minister Yanis Varoufakis and Athens' insistence not to accept conditions set by international lenders. Experts believe Greece might have to default on its debt and potentially exit the Eurozone if no deal is reached by the end of June. Eurozone leaders are now set to meet Monday for an extraordinary session dedicated to Greece. Thursday's schedule of the meeting was also surprisingly amended putting Greece last on the agenda.


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The time has come for Tsipras to accept Europe’s deal

The offer from Greece’s creditors is better than the alternative


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IMF chief Christine Lagarde: Greece must pay up

The head of the International Monetary Fund said Greece cannot delay paying its debt after a crucial meeting of eurozone finance ministers ended without a rescue deal being struck. Christine Lagarde, the IMF’s managing director, issued the threat as ...


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Pro-European rally in central Athens

Several thousand people have gathered at Athens' Syntagma square to call for Greece to stay in Europe and reach a deal, however painful, with its creditors. The rally that has as its theme "We are staying in Europe," was ...


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Emergency eurozone summit on Greece called for Monday

European Council president Donald Tusk has announced an emergency summit of eurozone leaders for Monday after no progress was achieved at the Eurogroup meeting of Eurozone finance ministers. European Union President Donald Tusk called the summit to discuss Greece’s plight. “It ...


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Dijsselbloem: Greece must seize 'last opportunity'

Greece needs to seize a "last opportunity" to reach a deal with its creditors, the head of the Eurogroup, Jeroen Dijsselbloem has said. He was speaking after a meeting of European finance ministers that ended with no agreement on Greece's ...


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Nasdaq tops dotcom high on buoyant data, Greece hopes

(Reuters) - The Nasdaq Composite index surpassed the 15-year all-time high it set during the peak of the dotcom bubble as more data on Thursday showed the U.S. economy was gathering steam.


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Greek coast guard searches seas nightly amid refugee crisis

OFF THE COAST OF LESVOS, Greece (AP) — In the dead of night, a Greek coast guard patrol boat slips its moorings, heading out across the bay toward the Aegean Sea that separates the island of Lesvos from the nearby Turkish coast.


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Euro zone sets emergency summit on Greece as money flees

Finance ministers of the 19-nation currency bloc failed to make any breakthrough on a cash-for-reforms agreement at talks in Luxembourg on Thursday, just 12 days before Greece must make a crucial debt repayment to the International Monetary Fund.


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Greek finance chief Varoufakis says there's still time to reach a bailout deal with creditors.

LUXEMBOURG (AP) — Greek finance chief Varoufakis says there's still time to reach a bailout deal with creditors.


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Would an Argentina-style cure work for Greece? Probably not

The Greek economy would be better off outside the euro, say some, but devaluation may only work in countries with thriving trading partnersThere is a beguiling argument that life for Greece outside the eurozone wouldn’t be so bad. Sure, the immediate economic pain would be severe, but a new drachma, coupled with debt default, might deliver a whoosh of relief in time. Isn’t history full of countries that have devalued their way out of crisis by generating an export boom? Didn’t Argentina recover that way when it abandoned its currency peg to the US dollar in 2002?Taken to its logical extreme, this argument says the real threat to the survival of the eurozone is that Greece leaves and prospers. Come the next crisis, other strugglers might opt to quit, dumping their debts as they go. Continue reading...


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Eurozone talks end without deal as Greek proposals rejected

Meeting called for Monday as finance ministers still cling to hopes for a deal after brittle summit ends without agreement on debt crisisTalks to end the debt crisis that has engulfed Greece broke up early on Thursday, despite Athens presenting a raft of new reform proposals to eurozone finance ministers in a bid to secure a deal. A summit of eurozone leaders was immediately called for Monday in a bid to find a solution to the mounting crisis.The Greek finance minister, Yanis Varoufakis, talked for half an hour at the Luxembourg meeting and distributed a five-page memorandum of fresh policy changes, according to sources at the meeting, but failed to persuade the debt-stricken country’s creditors that they could form the basis for an agreement. Continue reading...


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Agreement between creditors, Greek government nowhere in sight — Eurogroup chief

If the parties to the talks fail to reach agreement by June 30, the program of macrofinancial aid to Greece that still has €7.2 billion of spare money will expire


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Finance chiefs fail to reach Greek debt deal, call for crisis summit

The meeting of eurozone finance ministers has ended without a deal. European Commission VP Valdis Dombrovkis says strong signal sent to Greece to "engage seriously in negotiations."


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Creditors, Greece need to talk like adults

BRUSSELS (Reuters) - Greece and its international creditors must discuss the Greek crisis as "adults", IMF Managing Director Christine Lagarde said on Thursday. "We can only arrive at a resolution if there is a dialogue, and for the moment we are short of the dialogue, so the key emergency in my view is to restore the dialogue with adults in the room," Lagarde told a news conference. (Reporting by Robin Emmott, editing by Jan Strupczewski)


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The final countdown for Greece: EU calls emergency summit

Only 12 more days until potential bankruptcy. EU finance ministers are trying to find a solution in Luxembourg against long odds. Could yet another summit bring a solution? Bernd Riegert reports from Luxembourg.


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Europe fails to get a deal on Greece

European leaders have failed to strike a deal on Greek bailout program, bringing the country dangerously close to a default.


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Exclusive: Deposit withdrawals surge at Greek banks as debt noose tightens

A spokesman for the Greek central bank declined to comment, saying it ... for the country and the banks," one of the Greek banking sources said.


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Euro summit to be held after failure to make Greece deal

Euro zone finance ministers failed to reach a deal on Greece after meetings in Luxembourg, European Commission vice-president Valdis Dombrovskis said. After four hours of deliberations, Greece and its creditors continued their stalemate over the steps ...


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Cash-Strapped Greeks Put Pressure On PM

In the back streets off Koumoundourou Square in central Athens, Demitris Halikas emerges from what looks like a corner store, with a trolley of food in plastic bags. For him, the idea that Greece's government should agree to more of public spending cuts to avoid defaulting on its debts is reasonable, but impossible in practice. Around the corner from the food bank is a charity-run clinic.


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Greek crisis deepens as eurozone talks end with no deal

Crunch European talks to end the standoff over Greece's debt ended without a deal on Thursday, as the IMF warned Athens it would get no leeway to meet a payment at the end of the month and avoid default.


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Why it's so hard to predict the impact of Greece

The impact on those financial institutions or sovereign entities holding Greek bonds could be quite sharp. "The critical thing is, you just don't know who ...


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Everything You Ever Wanted to Know About Greek Debt Relief: Q&A

After months of talks, Greece says it won't agree to any deal with its creditors that omits a commitment to debt relief. The two sides are at loggerheads, ...


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Euro Resilient Amid Greek Crisis

Instead, fund managers are focusing on the volatility in financial markets caused by the Greek uncertainty, which is prompting them to scale back bets ...


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Greek debt crisis: Desperate Prime Minister says 'Wife will leave me if I surrender to EU'

Mr Tsipras told French Prime Minister Francois Hollande that he risks losing everything if he agrees to spending cuts on Greek pensions and labour ...


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The Eurogroup just finished with no deal for Greece (GREK)

The meeting Eurogroup finance ministers finished up early Thursday evening with no deal for Athens. In less than two weeks, Greece owes €1.5 billion ($1.70 billion or £1.08 billion) to the IMF that the government almost certainly doesn't have. Ahead of this meeting, both Greece and its European creditors had circled it as the time for a deal to be reached before anything goes seriously wrong in Greece.  And as of Thursday, it looks like a deal is still out of reach. According to headlines from Reuters, there is now a summit of euro-area leaders scheduled for Monday.  In a press conference following Thursday's meeting, Eurogroup president Jeroen Dijsselbloem said that "no agreement yet is in sight" between Greece and its European creditors.  Dijsselbloem added that the ball is "clearly in the Greek court," and that a deal must be "credible" from the point of view of Greece and the European Union as a whole. Dijsselbloem added that given the current state of negotiations, it would be "unthinkable" for Greece to receive aid by June 30.  IMF president Christine Lagarde added simply, "We are waiting." Lagarde said the proposals put to Greece were easier than they had been previously and said this process cannot be about "smoke and mirrors," reiterating that anything offered by Greece must be credible. Lagarde later added, in response to a question, that a dialogue on Greece can only proceed with "adults in the room." Though almost everyone went into today's meeting insisting that a deal was very unlikely, markets spiked and slumped on reports coming out of the summit.  Germany's Die Zeit reported an offer originally — saying that the European Commission and European Central Bank would sign off on shifting €10 billion (£7.18 billion, $11.40 billion) earmarked for bank recapitalisation to the government to use for everyday spending, while Athens would be allowed to issue another €2 billion (£1.44 billion, $2.28 billion) in bonds, which would be bought by Greece's banks.  EU Commission vice president Valdis Dombrovskis quickly poured cold water on this report, however, saying that no deal was struck. According to Politico's Ryan Heath, Greek finance minister Yanis Varoufakis presented five pages of proposals to the group — that could be a positive thing, with new ideas, or it could be simply a restatement of what's already gone.  The uncertainty is causing some pretty choppy movements in the euro-dollar exchange rate, which had been basically stable through the day:  Join the conversation about this story » NOW WATCH: Forget the Apple Watch — here's the new watch everyone on Wall Street wants


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Greek Debt Talks Are Again Fruitless

Eurozone finance ministers said on Thursday that they had failed to reach a deal on Greece’s international bailout.


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Greek Debt Talks Are Again Fruitless

Eurozone finance ministers said on Thursday that they had failed to reach a deal on Greece’s international bailout.


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Aegean Airlines Voted Best Regional Airline in Europe

Greece’s Aegean Airlines was named best regional airline in Europe for the fifth consecutive year during the presentation of the Skytrax World Airline Awards 2015. Moreover, Aegean Airlines, member of Star Alliance, secured the second place in the category “World Regional Airline.” The ceremony was held during the Paris International Airshow. The World Airline Awards are the top awards of excellence and prestige in the international airline industry and is one of the most important awards for an air carrier because they are based just on passenger votes. (source: ana-mpa)


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The latest on Greece: Demonstration held in Athens in favor of Greece staying in the euro

Amid concerns that Greece could fall out of the euro, at least 6,000 people have gathered outside Parliament in central Athens in a peaceful demonstration backing the country's membership in the currency zone and the European Union. Scores of demonstrators ...


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