This is a discussion on EUR News within the Analytics and News forums, part of the Trading Forum category; As the clock ticks on, the European Union and Athens are once again lining up last minute efforts to prevent ...
As the clock ticks on, the European Union and Athens are once again lining up last minute efforts to prevent Greece from going over the cliff into the unknown and etch a sorry chapter in the 16-year history of the euro. The Greek government has submitted a request for a two-year bailout, along with debt restructuring. Eurogroup is set to hold an emergency conference call at 7 pm Brussels time.
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Greek Prime Minister Alexis Tsipras addressed the nation on television on Wednesday and said that the July 5 referendum on whether to accept or reject creditors' proposals was not about the country's euro membership and asserted that a 'no' vote did not mean exit from the euro and Europe.
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While Greece is geared up for the Sunday referendum, Prime Minister Alexis Tsipras and Finance Minister Yanis Varoufakis are recommending Greeks to vote 'No' to the bailout proposals after the government showed willingness to accept the bailout offer with various conditions.
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Greece's jobless rate dropped as expected in April, figures from the Hellenic Statistical Authority showed Thursday.
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The European Central Bank raised the emergency funding it extends to Greek banks on Thursday after Eurozone finance ministers agreed to provide a short-term loan to Greece following the overwhelming approval for tough austerity measures in the national parliament to secure a third bailout.
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German lawmakers on Friday gave their approval to open talks for a new bailout for Greece, a crucial backing for the controversial proposal that averted an imminent exit of Greece from the euro area. The EU also announced that everything was in place to begin negotiations for a fresh loan for the country.
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Eurozone money supply growth held steady in June, defying economists' expectations for a slight increase, data from the European Central Bank showed Monday.
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Greece's producer prices declined for the twelfth straight month in June and at a faster pace from the previous month, figures from the Hellenic Statistical Authority showed Thursday.
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Eurozone producer prices declined as expected in June, largely due to cheaper energy costs, figures from Eurostat showed Tuesday.
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Germany's factory orders increased at a faster-than-expected pace in June, after falling in the previous month, preliminary figures from Destatis showed Thursday.
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