“Papademos has now gone in,” one told AFP, after an initial meeting with Finance Minister Evangelos Venizelos. “How much depends on the impact of other elements” to close a 5.5-billion-euro gap on EU and IMF targets for Greek debt sustainability by 2020. After months of acrimonious debate, eurozone ministers and the IMF were locked in
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Arriving for talks with finance ministers considering a 230-billion-euro ($300 billion) bailout, Venizelos said: “I am optimistic but in any case we need clear political approval from the Eurogroup.” After months of bitter debate, approval appeared in the offing, with IMF chief Christine Lagarde praising Greece’s “great efforts” towards economic reform and hardline German Finance
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Conservative Cameron, joined notably by the leaders of Italy, Spain, the Netherlands and Poland, co-signed a letter to European Union president Herman Van Rompuy calling for a new focus on trade with the United States, Russia and China. They also urged work on Europe’s energy market and the digital economy, alongside a call for an
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Debt-laden Kingfisher cancelled 16 flights on Monday from Mumbai and several more from New Delhi and elsewhere, on top of scrapping more than 30 flights the previous day. The airline said it was forced to curtail its services after tax authorities froze its bank accounts reportedly due to its inability to clear its unpaid service
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“Those who grant credit, the banks and the financial institutions, also have to assume those losses” created by debt problems in countries such as Greece, Calderon told senior officials from the G20 nations. “A good part of this crisis originates in erroneous decisions and excessive and abusive risk-taking by private and public financial institutions,” added
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As the eurozone meets on whether to approve a 230-billion-euro ($300 billion) financial lifeline for Greece, De Jager said: “I am in favour of a permanent troika in Athens,” referring to European Union, International Monetary Fund and European Central Bank officials reviewing the country’s finances. De Jager, whose coalition government in The Hague has to
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Here, immigrants push supermarket carts full of metal scraps, while in garages only old cars are being repaired. In this little red house, alongside the railway line, the homeless come to find warmth and shelter, clothing, food or at least psychological support. Klimaka, a non-governmental group formed in 2000 and backed financially by the health,
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After months of acrimonious debate, the ministers began closed door talks at around 1500 GMT over a potential 230-billion-euro ($300 million) rescue of debt-troubled Athens. Greek Finance Minister Evangelos Venizelos said on arrival that he was “optimistic” of a deal and IMF chief Christine Lagarde praised Athens’ “great efforts” to overhaul its economy. But hardline
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After months of acrimonious debate, markets rose as all sides expressed confidence that an agreement would be found to greenlight a 230-billion-euro ($300 billion) financial lifeline, in exchange for strict surveillance of the Athens government over coming years. That despite grinding negotiations with private creditors on the sidelines of talks among finance ministers in Brussels,
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The resolution passed with 304 votes, including the ruling Fidesz party and the opposition socialists. The far right Jobbik party voted, with 42 members, against the resolution and the Greens abstained. The budget pact, which EU leaders agreed in principle in December, calls for signatories to add a “golden rule” requiring balanced budgets to their
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