ATHENS/BRUSSELS (Reuters) – Germany all but buried negotiations to keep Greece from default on Saturday, saying a surprise decision by Greek Prime Minister Alexis Tsipras to call a referendum had left nothing to discuss but how to cope with failure.
Worried the country could default and even leave the euro zone, some Greeks queued up at cash machines to withdraw funds, though there were no signs of panic in Athens. Many sounded defiant, saying Tsipras had offered them an important chance to determine their own fate.
BRUSSELS, June 26 (Reuters) – Fractious European leaders
argued into the early hours on Friday over how to handle over a
migrant crisis in the Mediterranean, agreeing a plan to share
out the care of desperate people fleeing war and poverty in
North Africa and the Middle East.
Determined not to be dragged into negotiations over Greece’s
debt debacle at their summit in Brussels, leaders instead found
themselves sparring for seven hours about whether to take in
40,000 Syrian and Eritrean asylum seekers now in Italy and
Greece and another 20,000 people currently outside the EU.
BRUSSELS, June 25 (Reuters) – Italian Prime Minister Matteo
Renzi rebuked fellow EU leaders on Thursday for failing to agree
a plan to take in 40,000 asylum-seekers from Italy and Greece,
saying they were not worthy of calling themselves Europeans.
EU leaders are divided over a growing migrant crisis in the
Mediterranean and have largely left Italy and Greece to handle
thousands of people fleeing war and poverty in Africa and the
BRUSSELS (Reuters) – EU leaders will agree on Thursday to take in 40,000 asylum-seekers from Italy and Greece to confront a growing migrant crisis in the Mediterranean but delay a decision on how to share them out, according to a draft final summit statement.
Stung by the deaths this year of almost 2,000 migrants trying to reach Europe by boat, the European Union has promised an emergency response but not national quotas for housing people fleeing war and poverty in Africa and the Middle East.
BRUSSELS (Reuters) – European Union leaders faced a daunting list of crises as they began their summit on Thursday, notably migrants crowding in at their southern borders, Russia growling in the east, Britain’s threat to quit and a desperate need to create jobs.
But a battle of wills between Greece and its creditors that threatens to disrupt the euro single currency looked set to take up part of the 24-hour Brussels summit, despite frustrated leaders’ efforts to push the issue down to their weary finance ministers to solve.
BRUSSELS (Reuters) – Greece failed again to clinch a deal with its international creditors on Thursday, setting up a last-ditch effort on Saturday to avert a default next week amid fears of financial market turmoil.
Euro zone finance ministers ended their third meeting in a week without agreement after the three creditor institutions put a final cash-for-reform proposal on the table in a showdown with Athens’s leftist government.
BRUSSELS, June 24 (Reuters) – The head of NATO said on
Wednesday the alliance would not be forced into a new arms race
with Russia but that what he called Moscow’s aggression in
Ukraine had compelled it to strengthen its defences.
The United States announced plans this week to station tanks
and heavy weapons in NATO member states on Russia’s border,
shortly after President Vladimir Putin said Moscow would add 40
missiles to its nuclear arsenal.
LUXEMBOURG (Reuters) – The European Central Bank told a meeting of euro zone finance ministers on Thursday that it was not sure if Greek banks, which have been suffering large daily deposit outflows, would be able to open on Monday, officials with knowledge of the talks said.
Greek savers have withdrawn about 2 billion euros from banks over the past three days, with outflows accelerating rapidly since talks between the government and its creditors collapsed at the weekend, banking sources told Reuters.
LUXEMBOURG, June 18 (Reuters) – The European Central Bank
told a meeting of euro zone finance ministers on Thursday that
it was not sure if Greek banks, which have been suffering large
daily deposit outflows, would be able to open on Monday,
officials with knowledge of the talks said.
Greek savers have withdrawn about 2 billion euros from banks
over the past three days, with outflows accelerating rapidly
since talks between the government and its creditors collapsed
at the weekend, banking sources told Reuters.
LUXEMBOURG/ATHENS, June 18 (Reuters) – The IMF dashed any
hope on Thursday that Greece could avert default if it fails to
repay a 1.6 billion loan by the end of June, piling pressure on
leftist Prime Minister Alexis Tsipras, who showed no sign of
yielding to creditors’ demands.
Euro zone finance ministers descended on Luxembourg for a
meeting once billed as the final chance to reach a deal, but any
expectation of a breakthrough there had all but vanished with
Athens ruling it out as a forum to discuss new proposals.