Europe’s economy is now hitting its stride, according to the International Monetary Fund. But, as Ciara lee reports, a disruptive Brexit could result in “appreciably” lower growth for Britain and the euro zone. Continue reading
(EBS) – Euro zone leaders clinched a deal with Greece on Monday (July 13) to negotiate a third bailout to keep the near-bankrupt country in the euro zone after a whole night of haggling at an emergency summit.
IMF Managing Director says on leaving mammoth talks in Brussels that an agreement has been found to move forward with a third Greece bailout deal.
Eurogroup ministers gathering in Brussels hope for progress as “difficult” Greece negotiations resume and the European Union’s president cancels a planned summit of all 28 EU leaders that would have been needed in case of a “Grexit”.
European Parliament President Martin Schulz doubts Greek banks will reopen this week, calls for emergency humanitarian aid for Greece and demands the government make meaningful proposals on its debt to stave off ‘dramatic’ times.