European Crisis

Greek crisis could hurt eurozone recovery: OECD economist

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Uncertainty faces eurozone economy just when it was becoming a bright spot again.

Tsipras makes 'no' vote pitch

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Embattled PM says IMF report endorses his government's demand for debt relief ahead of hasty referendum.

Deal 'in the offing': Varoufakis

by AFP
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Finance Minister says 'very decent proposals' have been made this week from European leaders.

Iceland shows capital controls risks for Greece

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Controls put in place in the wake of global financial crisis are still there.

Greece leans towards 'yes' vote

by AFP
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Poll favours 'yes' vote, but too close to call. Tsipras, Varoufakis talk tough ahead of referendum.

Eurozone gives Greece breathing room on loan repayment

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European Financial Stability Facility reserves right to take later action on loans to Greece.

Eurozone business activity hits 4-yr high

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Markit survey shows sturdy economic growth in second quarter, momentum tipped to continue.

Greece bailout tougher either way: Belgium

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Finance minister says a third bailout would be tougher than previous programs, regardless of referendum result.

Greece can't have parallel currency: ECB

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Nowotny says Greece could only issue IOUs as short-term measure while in eurozone.

Eurozone retail sales lift in May

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Official data shows better-than-expected gain supported by improving labour market, low inflation.

Whatever happens to Greece, the euro is unsustainable

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Without greater fiscal and political union, the eurozone will just keep stumbling from crisis to crisis.

Varoufakis confident of deal

by AFP
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Greek Finance Minister says '100% chance' Athens will reach a deal after referendum.

The damage caused by Syriza's delusional gamble

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Whatever the outcome of Greece's bailout referendum, the damage done to the economy and banking system might already be too great.

Greece's top court to rule on referendum

by AFP
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The Council of State will rule on legality of the govt's rushed bailout referendum on Friday.

Greek govt may resign if vote is 'yes'

by AFP
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Stakes rise in Greek referendum as 'yes' and 'no' camps state their case; likely result uncertain.

Spain raises growth forecast

by AFP
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Madrid raises growth forecast for both this year and next, as jobless data improves for fifth month.

Greece needs €50bn more: IMF

by AFP
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New report suggests Greece needs significant influx of cash to stabilise its finances.

EU warns against Greek 'no' vote

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Dijsselbloem says move wouldn't mean automatic exit, but may remove basis for support of economy.

ECB to 'look through' market volatility

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Central bank minutes suggest officials not overly concerned about rising bond yields, euro.

Global inflation low despite stimulus

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OECD data shows inflation across the G20 rose to 0.6 per cent in May.

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