Specialist Desk Editor, World Desk, London
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Aug 14, 2015

Euro ministers give blessing to Greek bailout, wooing IMF on debt

BRUSSELS/ATHENS, Aug 14 (Reuters) – Finance ministers from
the euro zone gave their final blessing to lending Greece up to
86 billion euros ($95.5 billion) after the parliament in Athens
agreed to stiff conditions overnight.

After six hours of talks in Brussels, ministers said in a
statement: “The Eurogroup considers that the necessary elements
are now in place to launch the relevant national procedures
required for the approval of the ESM financial assistance.”

Jul 17, 2015

Insight – Irked by U.S., but EU keeps own spy projects quiet

BRUSSELS (Reuters) – Revelations of U.S. spying in Europe have soured transatlantic relations, prompting a White House apology and, as leak followed leak over the past two years, have fostered feelings of moral superiority among Europeans.

Yet EU governments are stepping up surveillance of their own citizens: last month France, smarting from Islamist attacks in January, passed intrusive laws on the very day it learned U.S. agents tapped French presidents’ phones; this week, the European Parliament gave ground in a fight to block powers to track and share air passenger records among member states.

Jul 17, 2015

Irked by U.S., but EU keeps own spy projects quiet

BRUSSELS, July 17 (Reuters) – Revelations of U.S. spying in
Europe have soured transatlantic relations, prompting a White
House apology and, as leak followed leak over the past two
years, have fostered feelings of moral superiority among
Europeans.

Yet EU governments are stepping up surveillance of their own
citizens: last month France, smarting from Islamist attacks in
January, passed intrusive laws on the very day it learned U.S.
agents tapped French presidents’ phones; this week, the European
Parliament gave ground in a fight to block powers to track and
share air passenger records among member states.

Jul 15, 2015

EU, Britain settle row over aid to Greece

BRUSSELS (Reuters) – European Union officials appeared to have defused a row with London on Wednesday, in which efforts to keep Greece in the euro zone risked fuelling demands in Britain to quit the EU altogether.

A call for EU cash to tide Athens over until a euro zone bailout angered London, three weeks after Prime Minister David Cameron made a formal demand to reform Britain’s relationship with the EU. It became an early test of Brussels’ determination to avoid provoking Britain before it holds a referendum on whether to remain in the EU.

Jul 15, 2015

EU publishes Greece assessment, sees debt reprofiling

BRUSSELS (Reuters) – The European Commission published on Wednesday its assessment of Greece’s bailout request, taking a different view of Athens’ debt sustainability than the IMF, but also signaling a possibility of debt relief.

A day after the IMF published its latest assessment, saying Greece would require extensive debt relief from its mostly euro zone sovereign creditors, the EU executive’s note said the Greek debt-to-GDP ratio would be 150 percent in 2022 if Athens implemented reforms, but could reach 176 percent if it did not.

Jul 13, 2015

Insight – Darkness at dawn: the fragile plan to rescue Greece

BRUSSELS (Reuters) – As a feeble sun came up out of a grey Brussels dawn on Monday, for a time it looked like it might be about to set on Greek hopes of clinging on to the euro.

Alexis Tsipras was “close to walking out”, a source close to the euro zone summit said. The prime minister told other leaders that if he accepted one final bailout condition, fellow Greeks would brand him a sell-out and he “may as well not go home”.

Jul 13, 2015

Darkness at dawn: the fragile plan to rescue Greece

BRUSSELS (Reuters) – As a feeble sun came up out of a grey Brussels dawn on Monday, for a time it looked like it might be about to set on Greek hopes of clinging on to the euro.

Alexis Tsipras was “close to walking out”, a source close to the euro zone summit said. The prime minister told other leaders that if he accepted one final bailout condition, fellow Greeks would brand him a sell-out and he “may as well not go home”.

Jul 13, 2015

Anti-German backlash as social media tweets denounce Greece ‘coup’

BRUSSELS (Reuters) – A list of demands handed to the Greek government in order to secure a European bailout inspired a social media backlash against Germany and its hawkish finance minister, Wolfgang Schaeuble.

#ThisIsACoup was the second top trending hashtag on Twitter worldwide – and top in Germany and Greece – as euro zone leaders argued through the night to convince Greek Prime Minister Alexis Tsipras to take the deal or face bankruptcy and his country’s expulsion from the EU’s common currency area.

Jul 12, 2015

‘Kindergarten’ as weary euro ministers divide over Greece

BRUSSELS (Reuters) – Caught between the rock of throwing good taxpayers’ money after bad in Greece and the hard place of opening a dangerous crack in their common currency, tempers are fraying among euro zone ministers meeting in Brussels.

So heated did arguments become after nine hours of their sixth emergency council in three weeks that the chairman called a surprise halt just before midnight on Saturday in the hope talks which resumed on Sunday could proceed with clearer heads.

Jul 11, 2015

Greek PM gets backing for bailout; EU, IMF give green light

ATHENS/BRUSSELS, July 11 (Reuters) – Greek Prime Minister
Alexis Tsipras won backing from lawmakers on Saturday for
painful reform proposals aimed at obtaining a new international
bailout, but he faced a rebellion in his own party that could
threaten his majority in parliament.

The measures, which received an initial green light from the
European Union and International Monetary Fund before a crucial
meeting of the 19 euro zone finance ministers in Brussels, were
passed with the support of pro-European opposition parties.

    • About Alastair

      "Editor for political and general news across Europe, the Middle East and Africa. In 21 years with Reuters, have reported widely on conflict, elections, society, economics, culture and sport from postings in Paris, Moscow, Berlin, London, Baghdad and Jerusalem."
      Joined Reuters:
      1990
      Languages:
      English, French, Russian, German, Italian
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