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Update news Eurozone
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.
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.
Calls for European Central Bank action to help protect the eurozone's fragile recovery have grown after the release of inflation and jobless data.
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 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.
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.
Eurozone finance ministers meet Thursday amid sharp differences over banking sector reforms -- trying to resolve whether taxpayers or creditors pay for future bailouts.
The European Central Bank (ECB) on Thursday cut the benchmark refinancing rate by 25 basis points to a record low of 0.5 percent.
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.
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.