The Local France

Eurozone approves huge new Greek bailout

Sat, 15 Aug 2015 11:38:23 +0200

Eurozone finance ministers approved on Friday a third bailout worth up to €86 billion to keep Greece in the single currency in return for an unprecedented package of reforms that Athens had previously rejected.

Greece faces D-Day as bailout talks resume

Sun, 12 Jul 2015 11:57:34 +0200

Greece on Sunday faced a final EU summit to clinch a deal that would stop Athens crashing out of the euro after divided eurozone ministers halted "very difficult" talks on a new bailout overnight.

As it happened: EU urges Greece 'yes' vote

Mon, 29 Jun 2015 11:42:33 +0200

With 'Grexit' (Greek exit from the euro) looking increasingly likely on Monday, Germany remained at the centre of efforts to keep it in the single currency. Catch up on a day of dramatic action here.

France: we will strive to rescue Greece

Tue, 30 Oct 2012 16:42:00 +0100

The finance ministers of Germany and France pledged on Tuesday to do everything possible to ensure a Greek rescue plan can be sealed next month, and to save the 17-nation eurozone.

France and Germany split on bailout fund: report

Fri, 07 Oct 2011 19:04:00 +0200

Splits have emerged between the eurozone's top two economies on how best to use the beefed-up bailout fund to tackle the debt crisis, German business daily Handelsblatt reported on Friday.

Greece courts Sarkozy after German bail-out win

Fri, 30 Sep 2011 19:53:00 +0200

Greece's Prime Minister George Papandreou brought his campaign to save his economy to Paris on Friday as nervous markets turned their attention to a key international audit of Greek finances.

France denies bailout plan for major banks

Mon, 26 Sep 2011 14:27:00 +0200

France is planning a €10-15 billion recapitalisation plan for five top banks struggling with the debt crisis, a report said on Sunday, sparking a formal denial from the finance ministry.