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Debt crisis
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The Brief from Brussels: Eurogroup approves cash for Athens, Nadiya Savchenko freed
This is the Brief from Brussels, a daily show with all the stories making waves across Europe.This is the Brief from Brussels, a daily show with all the stories making waves across Europe.
Eurozone ministers agree "breakthrough" deal with Greece
Eurozone finance ministers have agreed to offer Greece debt relief in 2018.Eurozone finance ministers have agreed to offer Greece debt relief in 2018.
Difficult austerity vote is key to more Greek bailout cash
With Greece fast running out of money and loan repayment deadlines looming, the parliament is heading towards another austerity vote - a major test for Prime Minister Alexis Tsipras.With Greece fast running out of money and loan repayment deadlines looming, the parliament is heading towards another austerity vote - a major test for Prime Minister Alexis Tsipras.
Greek parliament votes through austerity tax and pension reforms
After two day’s of debate in Greece’s parliament, MPs voted on Sunday evening to pass a controversial austerity package. The reforms, which will seeAfter two day’s of debate in Greece’s parliament, MPs voted on Sunday evening to pass a controversial austerity package. The reforms, which will see
Protests turn violent as Greek parliament prepares to vote on new austerity measures
Masked protesters clashed with riot police in Athens, ahead of a vote on a unpopular reform package to secure much-needed bailout funds.Masked protesters clashed with riot police in Athens, ahead of a vote on a unpopular reform package to secure much-needed bailout funds.
Greece and international lenders suspend bailout review talks as splits remain
Talks between Greece and its international lenders on a crucial bailout review have been suspended until next Monday. The main sticking point appearsTalks between Greece and its international lenders on a crucial bailout review have been suspended until next Monday. The main sticking point appears
Argentina passes deal ending debt battle with hedge funds
After a drawn-out debate, Argentina’s Senate approved a deal that should put an end to a 14-year-old dispute with U.S. creditors over the nation’sAfter a drawn-out debate, Argentina’s Senate approved a deal that should put an end to a 14-year-old dispute with U.S. creditors over the nation’s
Argentina strikes deal with US 'holdout' creditors
Argentina agrees in principle to a deal with US hedge funds ending a 15-year-old dispute over repayment of billions of dollars worth of bonds.Argentina agrees in principle to a deal with US hedge funds ending a 15-year-old dispute over repayment of billions of dollars worth of bonds.
As oil prices slide, Venezuela raises fuel prices by up to 6,000%, devalues currency
With his country mired in an economic crisis because of very low oil prices Venezuela's President Nicolás Maduro has devalued the currency and massively raised heavily subsidised fuel prices.With his country mired in an economic crisis because of very low oil prices Venezuela's President Nicolás Maduro has devalued the currency and massively raised heavily subsidised fuel prices.
EU auditors slam 'weak' Commission over bailouts
The European Commission’s handling of some bailouts for crisis-hit countries was “generally weak” and inconsistent, according to a new reportThe European Commission’s handling of some bailouts for crisis-hit countries was “generally weak” and inconsistent, according to a new report
No money for Moscow as Ukraine refuses to repay $3bn to Russia
Ukraine says it will not repay the $3bn debt owned by Russia due this weekend. Kyiv claims Moscow has refused to discuss restructuring proposalsUkraine says it will not repay the $3bn debt owned by Russia due this weekend. Kyiv claims Moscow has refused to discuss restructuring proposals
Greek parliament narrowly approves 2016 austerity budget
The Greek parliament has narrowly approved a 2016 budget which includes sharp cuts in spending and some tax increases. The measures were conditionsThe Greek parliament has narrowly approved a 2016 budget which includes sharp cuts in spending and some tax increases. The measures were conditions
Portugal's President to nominate Prime Minister after post-election talks break down
Portugal’s caretaker prime minister says he expects the president to give the go-ahead to his centre-right coalition to form a new government. PPortugal’s caretaker prime minister says he expects the president to give the go-ahead to his centre-right coalition to form a new government. P
How do countries decide how much they can afford to borrow?
Debt sustainability has become a critical issue for both governments and international investors during the past half-decade of financial crisis. AsDebt sustainability has become a critical issue for both governments and international investors during the past half-decade of financial crisis. As
Greek caretaker government sworn in ahead of early elections
The new Greek caretaker government has been sworn in as the country prepares for early elections next month: the third time it has gone to the pollsThe new Greek caretaker government has been sworn in as the country prepares for early elections next month: the third time it has gone to the polls
Russia turns down Ukraine debt relief
Russia has refused to accept the same terms as Ukraine’s private sector creditors who have agreed to write down a chunk of the government’sRussia has refused to accept the same terms as Ukraine’s private sector creditors who have agreed to write down a chunk of the government’s
Ukraine debt deal agreed with creditors
After five months of talks with creditors Ukraine has agreed to a debt restructuring deal as it attempts to get the war-torn economy back on trackAfter five months of talks with creditors Ukraine has agreed to a debt restructuring deal as it attempts to get the war-torn economy back on track
Where does the Greek debt come from? Part 3/3: The crisis of 2008
Greece’s debt has been a concern for the European Union since 2009. Little by little, attention was drawn away from the first countries within theGreece’s debt has been a concern for the European Union since 2009. Little by little, attention was drawn away from the first countries within the
Where does Greece's debt come from? Part 1/3: the Greek source
Greece’s debt has been a concern for the European Union since 2009. Little by little, attention was drawn away from the first countries within theGreece’s debt has been a concern for the European Union since 2009. Little by little, attention was drawn away from the first countries within the
German parliament votes to back third Greek bailout
The German parliament on Wednesday backed a third bailout program for Greece. A total of 454 MPs voted in favour, whilst 113 rejected the eurozoneThe German parliament on Wednesday backed a third bailout program for Greece. A total of 454 MPs voted in favour, whilst 113 rejected the eurozone
Where does the Greek debt come from? Part 2/3: European roots
Greece’s debt has been a concern for the European Union since 2009. Little by little, attention was drawn away from the first countries within the euro zone to have austerity measures imposed – Ireland, Spain and Portugal – and eventually, the focus came to rest on Greece. But where does its debt coGreece’s debt has been a concern for the European Union since 2009. Little by little, attention was drawn away from the first countries within the euro zone to have austerity measures imposed – Ireland, Spain and Portugal – and eventually, the focus came to rest on Greece. But where does its debt co
Greece: bailout approved but Syriza is divided
The Greek parliament has approved the details of the country’s third multi-billion euro bailout by foreign creditors in five years. It followed hoursThe Greek parliament has approved the details of the country’s third multi-billion euro bailout by foreign creditors in five years. It followed hours
Anti-austerity protests in Athens ahead of crunch bailout vote
Thousands of protesters have been out on the streets of Athens, ahead of a crunch parliament vote on a controversial bailout deal which will bringThousands of protesters have been out on the streets of Athens, ahead of a crunch parliament vote on a controversial bailout deal which will bring
Greece agrees fresh bailout terms: Greek finance minister
Greece has agreed fresh bailout terms with its international creditors according to the country’s finance minister. But Euclid Tsakalotos said “twoGreece has agreed fresh bailout terms with its international creditors according to the country’s finance minister. But Euclid Tsakalotos said “two
Puerto Rica in default after missing debt payment
It is the most indebted territory or state per capita in the United States and now Puerto Rica is in default. The government has confirmed itIt is the most indebted territory or state per capita in the United States and now Puerto Rica is in default. The government has confirmed it
Tsipras warns Syriza anti-bailout rebels of possible early Greece election
The Greek Prime Minister Alexis Tsipras has warned rebels in his Syriza party that he could be forced to call early elections if he no longer has aThe Greek Prime Minister Alexis Tsipras has warned rebels in his Syriza party that he could be forced to call early elections if he no longer has a
Greek PM attempts to keep his government together as new bailout talks begin
The Greek PM has been holding urgent talks with his Syriza Party, ahead of the start of new bailout talks with creditors on TuesdayThe Greek PM has been holding urgent talks with his Syriza Party, ahead of the start of new bailout talks with creditors on Tuesday
Greek bailout talks set for Monday, as loan request sent to IMF
A letter was sent from the Greek Finance Ministry ahead of talks expected on Monday between Athens and its creditorsA letter was sent from the Greek Finance Ministry ahead of talks expected on Monday between Athens and its creditors
Europe Weekly: Greece passes more reforms as banks reopen
In this edition of Europe Weekly, Greek lawmakers pass a second round of reforms, as banks finally reopen across the country. Meanwhile in BrusselsIn this edition of Europe Weekly, Greek lawmakers pass a second round of reforms, as banks finally reopen across the country. Meanwhile in Brussels
Greek lawmakers pass second reform package
After heated debate Greece's parliament approves second set of bailout measures which this time deals with failed banks and introduces judicial changes.After heated debate Greece's parliament approves second set of bailout measures which this time deals with failed banks and introduces judicial changes.