Paul Taylor

Support grows for lengthening Greek debt payback

January 31, 2011

PARIS/ATHENS (Reuters) – Support is gaining ground in the euro zone for giving Greece more time to pay back its EU bailout to avoid default and ease the worst-indebted EU state’s debt burden, although details still have to be pinned down.

Tough times for diplomacy in post-WikiLeaks world

January 30, 2011

DAVOS, Switzerland (Reuters) – If ministers and diplomats have learned a single lesson from the WikiLeaks saga, it is this: write nothing down.

Stay in our economy and out of our politics-Tunisia

January 29, 2011

DAVOS, Switzerland, Jan 29 (Reuters) – Tunisia’s new
government sent a high-level delegation to Davos on Saturday
with a message to the world’s business and power elite: please
stay in our economy and keep out of our politics.

Euro zone crisis seen turning corner

January 29, 2011

DAVOS, Switzerland, Jan 29 (Reuters) – European policymakers
and international bankers at the Davos forum said on Saturday
the euro zone’s debt crisis had turned a corner and any doubt
about the survival of the single currency area had passed.

EU may extend Greek, Irish bailouts to 30 years-source

January 28, 2011

DAVOS, Switzerland, Jan 28 (Reuters) – European Union
officials are considering extending euro zone bailout loans to
Greece and Ireland to 30 years in a bid to draw a line under the
bloc’s debt crisis, two euro zone sources said on Friday.

Ukraine hits Russia gas plans, inks Azeri deal

January 28, 2011

DAVOS (Reuters) – Ukraine’s president clinched energy pacts with Azerbaijan on Friday and attacked Russia for plans to bypass his country in supplying gas to Europe, reviving market fears of regular spats between Moscow and Kiev.

Europe may hold early euro summit in March

January 28, 2011

BERLIN/DAVOS, Jan 28 (Reuters) – Europe signalled increased
urgency on the eurozone crisis on Friday with the possibility of
a special summit sooner than expected, while Germany aired the
reforms it might want in exchange for more emergency support.

France open to increasing EFSF size, bond buys “an option”

January 28, 2011

DAVOS, Switzerland (Reuters) – Europe’s rescue fund should be increased in size if needed to tackle the region’s debt crisis, and could be retooled so that it can buy bonds, French Economy Minister Christine Lagarde said on Friday.

Greek finmin: discussing buying back bonds below par

January 28, 2011

DAVOS, Switzerland, Jan 28 (Reuters) – Greek Finance
Minister George Papaconstantinou said on Friday that allowing
the country to buy back government bonds at a discount on the
market was worth considering but would require funding.

Sarkozy tells JP Morgan’s Dimon banks “defied common sense”

January 27, 2011

DAVOS, Switzerland (Reuters) – French President Nicolas Sarkozy clashed with the chief executive of U.S. investment bank JP Morgan Chase at the Davos forum on Thursday, telling him bankers had done things which defied common sense.