Tag: Euro
No bailout funds for Greece as eurozone finance chiefs fail to agree deal
IMF and eurozone states fail to bridge divide over Greek debt relief raising prospect of a summer crisis for the single currency if Athens misses repayment. Eurozone finance ministers have failed to agree a debt relief plan for Greece, raising the prospect of a summer crisis for the single currency bloc if Athens misses a […]
Euro will fail in 10 years without reform Emmanuel Macron
French presidential candidate says currency amounts to a weak Deutsche Mark that has failed to unify EU states and stand up to the US dollar. The euro may not exist in 10 years time if Paris and Berlin fail to bolster the single currency union, French presidential candidate Emmanuel Macron has said, adding that the […]
Pound continues to fall against dollar amid ‘hard Brexit’ fears
Sterling falls 0.3% to $1.2395 as City worries persist about UK’s economic prospects outside EU. The pound has continued to fall against the US dollar as worries persist over the UK’s economic prospects outside the EU. Sterling suffered sharp losses last week as ministers at the Conservative party conference signalled they would opt for a […]
A year after the crisis was declared over, Greece is still spiralling down
The historic third bailout awarded to Athens after weeks of brinkmanship last year was supposed to have secured its future in the EU. But little has changed In a side street in the heart of Athens, two siblings are hard at work. For the past year they have run their hairdressing business an enterprise that […]
Eurozone officials hope to give Greece next tranche of bailout
Greeces creditors are still at odds over whether the recession-hit country has taken enough measures to unlock delayed 10bn of bailout funds European officials are preparing to unlock 10bn in bailout money for Greece, as an ongoing row between the countrys creditors threatens to plunge the eurozone back into crisis. Greeces international creditors remain deadlocked […]