Eurozone

Update news Eurozone

Euro zone: more time needed for Greek reforms; Tsipras to seek EU summit

 Euro zone finance ministers will not meet on Thursday and need more time to discuss Greek reforms that would unlock new loans, signaling significant differences remain between Athens and its lenders on bailout targets.

Eurozone: Six days for Greece to offer new reforms

 The eurozone has said only six working days are left for Greece to come up with a revised list of reforms to seal a deal on its next rescue bailout.

Fall in eurozone inflation rate fuels deflation concerns

 Calls for European Central Bank action to help protect the eurozone's fragile recovery have grown after the release of inflation and jobless data.

Global stories that hit the headlines in 2013

 Disputes over territorial sovereignty of the seas between China, Japan and the Republic of Korea (RoK) became more tense on November 23 after Beijing unilaterally declared an air defence identification zone (ADIZ),

Latvia's banking system operations in euro stable

 Latvia said its banking system operations in euros have been stable and smooth since entering the eurozone and became the bloc's 18th member early Wednesday.

EU ministers agree on new bank rescue rules: diplomats

 European Union finance ministers on Thursday agreed a deal on new rules for bank rescues, diplomats said on the sidelines of the talks in Brussels.

EU faces tough talks on bank sector reform, bailouts

 Eurozone finance ministers meet Thursday amid sharp differences over banking sector reforms -- trying to resolve whether taxpayers or creditors pay for future bailouts.

ECB cuts benchmark refinancing rate to record low

The European Central Bank (ECB) on Thursday cut the benchmark refinancing rate by 25 basis points to a record low of 0.5 percent.

Euro finance ministers bid to finalise Cyprus bailout

 Eurozone and EU finance ministers meet from Friday in Dublin to put finishing touches on the Cyprus bailout, and also to consider extending debt repayment dates for Portugal and host Ireland, as well as tackling how to stamp out tax fraud.

Road to recovery now open: Greek PM

 The road to recovery is now open, Greek Prime Minister Antonis Samaras said on Tuesday evening on the results of the agreement clinched between the eurozone and the International Monetary Fund on the Greek bailout and debt.