Eurozone
Eurozone could put up €240bn in COVID-19 aid - head
Mario Centeno, who is also Portugal's finance minister, said the funds would be made available via the European Stability Mechanism. Centeno said any credit...
Italy’s European Affairs Minister Paolo Savona had said on Tuesday that Rome should be prepared for 'all eventualities' regarding the survival of the euro.
The leaders met to prepare for a summit of EU leaders on 28 and 29 June, with Emmanuel Macron keen to push through wide-ranging reforms to strengthen the eurozone.
The eurozone is also considering leaving Greece with enough cash so that it does not have to borrow from the market for the next 18 to 24 months.
The euro, bonds and stocks initially rallied on Monday after President Sergio Mattarella vetoed Savona’s nomination, but relief turned to fear over snap elections.
Angela Merkel and Emmanuel Macron held out the prospect in December of presenting Franco-German proposals to strengthen the 19-member single currency bloc
The pro-business Free Democrats unexpectedly pulled out after more than four weeks of negotiations with Angela Merkel’s conservative bloc and the ecologist Greens.
The deal, agreed to just a week ago, reduces the interest burden on the country’s debts.
Joseph Stiglitz also blames the euro and German austerity policies for Europe's economic problems.
Prime among the disagreements for Greeks is protection for poorer families in danger of losing their homes.
Alexis Tsipras has until Wednesday night to get those measures adopted in the assembly.
An IMF study shows that Greece needs far more debt relief than Europe has been willing to contemplate so far.
Hugo Dixon says Greece’s immediate prospects are bleak.
Alexis Tsipras faces a showdown with rebels in his own party on Tuesday.
Eurozone leaders at a marathon emergency summit on Greece have reached an agreement.
Eurozone leaders meeting ran into the early hours of Monday as they tried to reach an agreement on a new, third bailout for Greece.
European leaders told Greece current conditions did not allow for further negotiations on a rescue plan.