Europe

Tue
07
Jul

Greece debt crisis: France presses to keep Greece in eurozone

Photo Source: bbc.co.uk

France will do all it can to keep Greece in the eurozone, because allowing it to leave would be too risky, PM Manuel Valls has said.
"The basis for a deal exists," he said, ahead of an emergency eurozone summit in Brussels.
However, Germany has warned against any unconditional debt write-off.
Eurozone ministers have called on Greece to put forward fresh proposals after Greek voters rejected the latest draft bailout deal in a referendum.
Greek Prime Minister Alexis Tsipras met Greek political party leaders on Monday and headed to Brussels on Tuesday morning, where he is expected to present new proposals.
His plan is said to include a demand for Greece's vast €323bn ($356bn; £228bn) debt to be cut by up to 30%, with a 20-year grace period.
Greece's teetering banks are to stay closed on Tuesday and Wednesday.

Mon
06
Jul

Princess Charlotte is christened at a Sandringham church

Photo Source: bbc.co.uk

Princess Charlotte has been christened at a church in Sandringham after the Cambridges made their first public outing as a family of four.
The Duke and Duchess of Cambridge pushed the princess in a pram the Queen used for two of her own children.
Several thousand well wishers greeted the royals, while Prince George delighted the crowds on foot.
The royal couple announced ahead of the christening that they had chosen five godparents for the princess.
The christening was held at the Church of St Mary Magdalene, and attended by guests including the Queen and Duke of Edinburgh.
Other attendees included Prince Charles and the Duchess of Cornwall, Catherine's parents Michael and Carole Middleton and her two siblings, Pippa and James.
The baptism, conducted by Archbishop of Canterbury the Most Reverend Justin Welby, was held in private.
Princess Charlotte has two fewer godparents than her brother George, and none from within royal circles.

Mon
06
Jul

Greece debt crisis: Finance Minister Varoufakis resigns

Photo Source: bbc.co.uk

Greece's outspoken finance minister has resigned, hours after voters backed his call to reject creditors' demands for more austerity in a referendum.
Yanis Varoufakis said it was felt his departure would be helpful in finding a solution to the country's debt crisis.
Eurozone finance ministers, with whom he repeatedly clashed, had wanted him removed, Mr Varoufakis explained.
Meanwhile, global financial markets have fallen over fears that Greece is heading for an exit from the euro.
The European Central Bank (ECB) is to discuss whether to raise its emergency cash support for Greek banks, which are running out of funds and on the verge of collapse.

Thu
02
Jul

Greece crisis: Eurozone rules out talks until after referendum

Photo Source: bbc.co.uk

Eurozone finance ministers have ruled out any further talks on a fresh bailout for Greece until the country holds its referendum on Sunday.
Greeks will be asked to accept or reject proposals made by creditors last week, with Prime Minister Alexis Tsipras urging a "No" vote.
Finance Minister Yanis Varoufakis accused the creditors of blackmail.
But he pledged a deal would be reached soon after the vote and that current limits on bank withdrawals would ease.
Greek banks did not open this week after the European Central Bank froze their liquidity lifeline.
Withdrawals from cash machines are capped at just €60 (£43; $66) a day but some bank branches have reopened to allow pensioners - many of whom do not use bank cards - a one-off weekly withdrawal of up to €120.
Long queues formed outside banks for a second day on Thursday morning.

Wed
01
Jul

Russia halts gas supplies to Ukraine after talks breakdown

Photo Source: bbc.co.uk

Russian gas firm Gazprom has confirmed it has halted gas supplies to Ukraine after a breakdown on pricing talks.
It comes a day after Ukraine's state energy firm Naftogaz announced it was suspending gas purchases from Russia.
That announcement came after EU-brokered talks aimed at keeping supplies running for three to six months broke down without agreement.
Gazprom said it halted the supply because Ukraine did not make an "advance payment" for July's delivery.
CEO Alexei Miller said Russia stopped delivering gas to Ukraine at 10:00 local time (07:00 GMT) on Wednesday.
"Gazprom won't deliver gas to Ukraine at any price without prepayment," he was quoted by Russian media as saying.

Wed
01
Jul

Greece debt crisis: Tsipras in new bailout 'concessions'

Photo Source: bbc.co.uk

Greece's Prime Minister Alexis Tsipras has offered new concessions to the country's creditors.
A letter to creditors obtained by the Financial Times says Mr Tsipras is prepared to accept most conditions that were on the table before talks collapsed and he called a referendum.
On Tuesday, eurozone finance ministers refused to extend the previous bailout.
But Germany says a new agreement on a bailout would not be possible until after the referendum this weekend.
The Financial Times says that Mr Tsipras was prepared to accept a deal made by creditors last weekend, if a few changes were agreed.
Greece's national broadcaster ERT says Mr Tspiras would accept a deal with only minor requests for changes.
Lenders' proposals - key sticking points

Tue
30
Jun

Greece debt crisis: 'Last-minute talks after new offer'

Photo Source: bbc.co.uk

The Greek government is in last-minute talks over whether to accept an offer that would let Greece repay part of its debt, local media say.
Greece is hours away from a deadline to repay a €1.6bn (£1.1bn) loan to the International Monetary Fund (IMF) - one it may miss.
One of Greece's creditors, the European Commission (EC), said it made a last-minute proposal of reforms on Monday.
If Athens accepts the deal, it will free up cash to repay the €1.6bn.
A European Commission spokesman said the EC's president, Jean-Claude Juncker, was called by Greek Prime Minister Alexis Tsipras on Monday night.
Mr Juncker then offered Greece the latest deal, with a midnight deadline. That has since expired.
However, Greek media say the government is still in talks over the offer.
The national broadcaster, ERT, said on Tuesday morning that discussions about the proposals were taking place "at the highest level" in Athens.

Wed
24
Jun

Greek debt crisis: Tsipras seeks to thrash out deal

Photo Source: bbc.co.uk

The Greek Prime Minister, Alexis Tsipras, is to hold fresh talks with his country's creditors as he tries to secure an urgent deal on Athens' debt.
Greece must repay €1.6bn (£1.1bn) to the International Monetary Fund (IMF) by the end of the month, or face default and possible exit from the EU.
European Union leaders have broadly welcomed Greece's latest proposals for reforms - but obstacles remain.
Eurozone finance ministers are due to finalise a deal on Wednesday evening.
The agreement being formed is believed to include:

Wed
24
Jun

NSA spying: France summons US envoy over Wikileaks claims

Photo Source: bbc.co.uk

France has summoned the US envoy in Paris over claims that the US spied on President Francois Hollande and his two predecessors, officials say.
Whistleblower website Wikileaks reports the US National Security Agency (NSA) spied on Mr Hollande, Nicolas Sarkozy and Jacques Chirac between 2006-12.
Mr Hollande called an emergency meeting and said France would "not tolerate" acts that threaten its security.
The US said it would not comment on "specific intelligence allegations".
Ned Price, a spokesman for the US National Security Council, added that the US was "not targeting and will not target the communications of Mr Hollande".
The NSA has previously been accused of spying on German Chancellor Angela Merkel and on Brazilian and Mexican leaders.

Tue
23
Jun

Greek debt crisis: Eurozone leaders hopeful of deal

Photo Source: bbc.co.uk

Eurozone leaders have broadly welcomed new proposals for Greek reforms amid hopes a deal can be struck within days to stop Greece defaulting on its debt.
German Chancellor Angela Merkel said Greece's latest offer constituted "some progress". But she said more work was needed and "time is short".
Greece must repay a €1.6bn (£1.1bn) International Monetary Fund (IMF) loan by the end of the month.
If it fails to do so, it risks crashing out of the euro and possibly the EU.
Although no deal has been struck, key obstacles appear to have been cleared, the BBC's Damian Grammaticas reports from Brussels.
The deal being formed is believed to include:

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