Specialist Desk Editor, World Desk, London
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Jul 10, 2015

TSX rebounds as Greece, China hopes calm markets

TORONTO, July 10 (Reuters) – Canada’s main stock index
jumped on Friday, with investors shrugging off heavy losses from
earlier in the week as worries over the Greek debt crisis abated
and once-slumping Chinese equities gained strongly for a second
straight session.

The Toronto Stock Exchange’s S&P/TSX composite index
ended up 132.58 points, or 0.93 percent, at 14,411.07.
It fell 1.8 percent over the course of a volatile week.

Jul 10, 2015

‘Homeless’ Brussels opera rides Rachmaninov troika

BRUSSELS (Reuters) – Shutting its opera house for renovation was hard enough. But Brussels’ La Monnaie has raised the bar by choosing an ambitious and rare reworking of Rachmaninov to launch a year of innovation in ad hoc venues.

The consciously Wagnerian vision of “Troika”, a first ever staging of the late-Romantic Russian symphonist’s only three operatic works as a single evening’s performance, has stretched creativity, in design as well as musically, in the restrictive modern confines of the Belgian capital’s Theatre National.

Jul 8, 2015

Greece seeks new EU loan deal in race to avert collapse

STRASBOURG/BRUSSELS (Reuters) – A race to save Greece from bankruptcy and keep it in the euro gathered pace on Wednesday when Athens formally applied for a three-year loan and European authorities launched an accelerated review of the request.

Greek Prime Minister Alexis Tsipras called in a speech to the European Parliament for a fair deal, acknowledging Greece’s historic responsibility for its plight, after EU leaders gave him five days to come up with convincing reforms.

Jul 7, 2015

currency would put Greece in line to quit euro

FRANKFURT/ BRUSSELS (Reuters) – The thinning oxygen supply to Greek banks could leave Athens with little choice but to introduce a form of second currency, European officials believe, a temporary means of freezing its membership of the bloc but one that risks its ultimate exit.

The idea of putting Greece’s euro membership on hold – a temporary ‘Grexit’ – was recently raised by Germany’s finance minister Wolfgang Schaeuble.

Jul 4, 2015

Insight – A Greek challenge for ‘Mr Europe’ Juncker

BRUSSELS (Reuters) – It’s sultry early July and an emotional Jean-Claude Juncker is on the stump, calling for a ‘Yes’ vote in a referendum on which he says hangs the future of Europe – and his own career.

“A ‘Yes’ … would have a significance … well beyond Europe,” he tells voters. “We can show we’re getting moving again, that the process of European unification goes on.”

Jul 4, 2015

A Greek challenge for ‘Mr Europe’ Juncker

BRUSSELS (Reuters) – It’s sultry early July and an emotional Jean-Claude Juncker is on the stump, calling for a ‘Yes’ vote in a referendum on which he says hangs the future of Europe – and his own career.

“A ‘Yes’ … would have a significance … well beyond Europe,” he tells voters. “We can show we’re getting moving again, that the process of European unification goes on.”

Jul 2, 2015

Greece’s Tsipras digs in against bailout

ATHENS/BRUSSELS (Reuters) – A defiant Prime Minister Alexis Tsipras urged Greeks on Wednesday to reject an international bailout deal, wrecking any prospect of repairing broken relations with European Union partners before a referendum on Sunday that may decide Greece’s future in Europe.

Less than 24 hours after he wrote a conciliatory letter to creditors asking for a new bailout that would accept many of their terms, Tsipras abruptly switched back into combative mode in a television address.

Jul 1, 2015

Euro zone tells Greece new loan talks depend on vote result

BRUSSELS, July 1 (Reuters) – Euro zone finance ministers
piled pressure on Greek voters and their government on Wednesday
by warning that negotiations on a new bailout would depend on
the result of Sunday’s referendum on previous EU credit terms.

“We will come back to your request for financial stability
support from the ESM (European Stability Mechanism) only after
and on the basis of the outcome of the referendum,” Jeroen
Dijsselbloem, who chairs the Eurogroup, wrote to leftist Greek
Prime Minister Alexis Tsipras, who is calling for a No vote.

Jul 1, 2015

Euro zone finance ministers put Greece on hold

BRUSSELS, July 1 (Reuters) – The Greek government’s attempt
to kick-start talks on a new credit package got short shrift
from euro zone finance ministers, who decided to put all
discussion with Athens on hold until after a referendum on
Sunday.

They took the decision in a scheduled conference call that
began an hour after leftist Prime Minister Alexis Tsipras
delivered another fiery condemnation of “blackmail” by creditors
and called again for Greeks to vote “No” to a bailout deal that
has in fact already been taken off the table.

Jul 1, 2015

Greece offers conditional okay to bailout, Germany skeptical

ATHENS/BRUSSELS (Reuters) – Prime Minister Alexis Tsipras has told international creditors Athens could accept their bailout offer if some conditions were changed, but Germany said it could not negotiate while Greece was headed for a referendum on the aid-for-reforms deal.

In exchange for the conditional acceptance, the leftist leader, who has so far urged Greeks to reject the bailout terms in a referendum planned for Sunday, asked for a 29 billion euro loan to cover all its debt service payments due in the next two years.

    • 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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