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EU, Greece to start technical loan talks Wednesday

Warning Greece it had "no time to lose", euro zone ministers agreed technical talks between finance experts from Athens and its international creditors would start on Wednesday with the aim of unlocking further funding.


Greece must reform and forget Syriza's 'false promises:' ECB's Coene

Greece must realize there is no other way than to reform, European Central Bank governing council member Luc Coene said in an interview published on Saturday, telling Greeks they had been sold "false promises" by radical leftists now in power.

Premature to talk about third Greek bailout: EU's Juncker

It is too early to discuss a third bailout package for Greece, European Commission President Jean-Claude Juncker said on Wednesday, stressing the focus of talks with Athens was implementing measures already agreed with the euro zone.

Energy cost plunge pulls down euro zone producer prices in January

Euro zone producer prices fell by more than expected in January, pulled down by plunging costs of energy, data from the European Union's statistics office Eurostat showed on Tuesday.


Latest News

Euro zone finance ministers agreed in principle on Friday to extend Greece's financial rescue by four months, averting a potential cash crunch in March that could have forced the country out of the currency area.
Euro zone gross domestic product (GDP) grew by more than expected in the final three months of 2014, data from the European statistics agency Eurostat showed on Friday, as the German economy accelerated.
Reaching a deal on Greece's emergency financing will be possible at the technical level, but a political agreement with the country's new leftist-led government will be "very difficult" the chairman of euro zone finance ministers said on Thursday.
Greece's new leftist government and its international creditors failed to agree on a way forward on the country's unpopular bailout and will try again on Monday, with time running out for a financing deal.
A panel of experts appointed by Google to advise it on a European court ruling ordering it to remove some personal information from search results is leaning toward limiting the application to European websites only.
EU finance ministers agreed on Tuesday to loan Ukraine 1.8 billion euros ($2.0 billion) to help save it from bankruptcy, leaving open the option of increasing aid at a later stage.
Euro zone finance ministers said they were ready to work with the new anti-bailout government Greek government, but warned the country that its deep economic problems had not changed because of an election, the chairman of the ministers said on Monday.
European antitrust regulators believed Amazon's (AMZN.O) arrangement with Luxembourg to minimise its tax bill did constitute state aid and expressed doubt that such aid was lawful, according to a document released on Friday.
In the heart of western Europe, the Belgian-Dutch-German rust belt has been dealt another blow. Two car plants closed this month as companies sought cheaper labor elsewhere, the final chapter of a manufacturing boom that began when coal mines fuelling Europe's industrialization shut in the 1960s.
The European Central Bank should start buying government bonds to tackle poor investor confidence and low inflation in the euro zone, governing council member Luc Coene said in an interview published on Saturday.
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