Investment strategy correspondent, London
Ingrid's Feed
Feb 3, 2015

Greece cannot play France off against Germany -minister

PARIS (Reuters) – France’s finance minister warned Athens against any attempt to play Paris off against Berlin over Greece’s debt crisis, saying a Franco-German agreement was key to striking a deal that would help Greeks and ensure they met their commitments.

Greece’s demand for time to negotiate a “new deal” with its EU peers is reasonable as long as it comes up quickly with the basis for a reform plan that can be gradually beefed up, Michel Sapin told Reuters in an interview a day after he met Athens’ new finance minister.

Feb 1, 2015

Greece starts drive to sell new debt deal to doubting Europe

PARIS/ATHENS, Feb 1 (Reuters) – Greece’s leftist government
began its drive to persuade a sceptical Europe to accept a new
debt agreement on Sunday while it starts to roll back on
austerity measures imposed under its existing bailout agreement.

After a turbulent first week in office, the new government
has made clear it wants to end the existing arrangement with the
European Union, the European Central Bank and International
Monetary Fund “troika” when its aid deadline expires on Feb. 28.

Feb 1, 2015

Greece wants time for new deal, “cold turkey” on debt

PARIS, Feb 1 (Reuters) – Greece’s new government on Sunday
offered to produce proposals within a month for a revised debt
agreement with its sceptical international partners, insisting
it would not take on any more loan tranches in the meantime.

The proposal came after talks in Paris where French Finance
Minister Michel Sapin offered his Greek counterpart Yanis
Varoufakis backing to craft a deal possibly including some
alleviation of its debt load but no outright cancellation.

Jan 29, 2015

France: no waiver for Greece, maybe more time to pay debts

PARIS, Jan 29 (Reuters) – Greece could be given more time to
pay off its debt if it keeps its budget in balance and maintains
promised reforms, French officials said on Thursday.

In a series of statements spelling out Paris’s position days
before talks with the new government of Alexis Tsipras, senior
French officials ruled out any prospect of an outright
cancellation of Greek debt.

Jan 27, 2015

EU agrees 1.8 billion euros for Ukraine, to consider more

BRUSSELS, Jan 27 (Reuters) – EU finance ministers agreed on
Tuesday to loan Ukraine 1.8 billion euros ($2.0 billion) to help
save it from bankruptcy, leaving open the option of increasing
aid at a later stage.

Diplomats at the meeting in Brussels said several European
governments including Britain pushed for as much as 2.6 billion
euros in medium-term loans for this year and 2016.

Jan 26, 2015

EU open to later Greek debt repayment, not forgiveness

BRUSSELS, Jan 26 (Reuters) – Europe showed a willingness on
Monday to give Athens more time to pay its debts, but little
sign that it would yield to a new Greek government’s demands for
debt forgiveness.

European Union leaders and policymakers responded to Greek
anti-bailout party Syriza’s election victory on Sunday with
warnings that a debt reduction for Greece would be against euro
zone rules and would send the wrong message to other members of
the single currency.

Jan 25, 2015

All eyes on Fed, Greece after ECB fires bazooka

PARIS (Reuters) – After the surprises from central banks which rocked markets at the start of the year, the U.S. Federal Reserve will be watched as closely as ever this week to see that it doesn’t stray from its own policy path.

The atmosphere will already be tense as the fallout from Sunday’s snap election in Greece settles and concern has grown in some quarters that central banks, which played such a big part in guiding economies through the financial crisis, are becoming less predictable.

Jan 25, 2015

Global Economy Weekahead: All eyes on Fed, Greece after ECB fires bazooka

PARIS (Reuters) – After the surprises from central banks which rocked markets at the start of the year, the U.S. Federal Reserve will be watched as closely as ever this week to see that it doesn’t stray from its own policy path.

The atmosphere will already be tense as the fallout from Sunday’s snap election in Greece settles and concern has grown in some quarters that central banks, which played such a big part in guiding economies through the financial crisis, are becoming less predictable.

Jan 16, 2015

NATO, EU set diverging tones on approach to Russia

VILNIUS/PARIS, Jan 16 (Reuters) – A top NATO official said
on Friday it was the wrong time to talk about mending relations
with Russia, but EU chief Jean-Claude Juncker sounded more
conciliatory, saying the bloc must begin to engage with Moscow
again in areas of common interest.

The comments indicated diverging approaches by two key
Western organisations on how to deal with Russia 10 months after
it annexed Ukraine’s Crimea region, provoking the worst
East-West crisis since the Cold War.

Jan 15, 2015

France says spending cuts likely kept 2014 deficit on target

PARIS (Reuters) – France cut state spending in 2014 meaning it likely met its public deficit target, Finance Minister Michel Sapin told Reuters on Thursday, with Paris hoping this will boost its chances to avoid EU budget sanctions.

The euro zone’s second-largest economy has repeatedly missed fiscal targets and its 4.4 percent public deficit-to-GDP ratio goal, even if respected, will be higher than initial pledges.