Greece and its lenders should quickly approve a review of reforms the indebted country must take in return for unlocking new loans, a senior European Union official said on Sunday, warning of financial instability in the euro zone if the issue lingers.
Greek lawmakers are under pressure from the International Monetary Fund to overcome the current impasse in its debt negotiations.
Even as global stock markets climb, concerns are building that debt problems in Greece and Italy will put additional strain on the euro.
Europeans are more confident about their economy than they’ve been in six years, but you wouldn’t know it by looking at the markets.
U.S. President Donald Trump wants to stimulate the American economy, but he has shown no interest in existing trade deals or in the basic rules of economics. It is a dangerous cocktail for German industry.
Greece’s public debt and financing needs will prove “explosive” in decades to come unless Europe overhauls its bailout program to ease the load, the International Monetary Fund says in a draft report as the country seeks a fresh loan payout.
Consumer prices across the euro area reached a high not seen for almost four years, jumping 1.1 percent in December, official figures say.
British consumer borrowing increased by the biggest amount in more than 11 years in November, boosting the unexpectedly robust post-Brexit vote economy in what could prove to be a big spending spree ahead of an expected rise in prices.
This Sunday’s referendum in Italy could kick off another banking crisis in Europe, according to one economist.
The Brexit vote stunned markets in June, and Donald Trump shocked investors in November. The Italians may be next.