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World 20 Jul 2015 | 11:40 PM

Greece reopens banks, starts repaying some debts

ATHENS (Reuters) - Greece reopened its banks and ordered billions of euros owed to international creditors to be repaid on Monday in the first signs of a return to normal after last week's deal to agree a tough new package of bailout reforms.

World 27 Jul 2015 | 10:40 PM

Puerto Rico tourism industry lags rivals, offers little relief from debt crisis

(Reuters) - Puerto Rico may sport palm trees, pristine beaches and glorious weather but its tourism industry is losing out to rival Caribbean islands - and that is holding the U.S. territory back at a time when its deeply troubled economy most needs a fillip.

World 10 Jul 2015 | 8:30 AM

Pope calls for new economic order, criticises capitalism

SANTA CRUZ, Bolivia (Reuters) - Pope Francis on Thursday urged the downtrodden to change the world economic order, denouncing a "new colonialism" by agencies that impose austerity programs and calling for the poor to have the "sacred rights" of labour, lodging and land.

World 10 Jul 2015 | 9:40 PM

Eurogroup head says 'major decision' could be taken on Greece on Saturday

THE HAGUE (Reuters) - Eurogroup President Jeroen Dijsselbloem said euro zone finance ministers may make a "major decision" when they hold a special meeting on Saturday to weigh a new Greek proposal for emergency funding.

World 03 Jul 2015 | 8:15 PM

Greek debt better shielded from vultures than Argentina's

LONDON (Reuters) - Greece might be spared the decade-long legal battles Argentina faced if it ends up restructuring its debt, although lawyers say vulture funds might still hold Athens to ransom.

World 03 Jul 2015 | 8:15 PM

Euro zone rescue fund reserves right to call in Greek loans

BRUSSELS (Reuters) - The euro zone's rescue fund, Greece's largest creditor, said on Friday it reserved the right to call in 130.9 billion euros in debt ahead of schedule after Athens defaulted this week on an International Monetary Fund loan.

World 12 May 2015 | 9:55 PM

ECB raises emergency funding cap for Greek banks to 80 billion euros - sources

ATHENS (Reuters) - The European Central Bank raised the cap on emergency liquidity assistance (ELA) that Greek banks can draw from the country's central bank by 1.1 billion euros, taking the ceiling to 80 billion euros (£57.5 billion), two banking sources told Reuters on Tuesday.

World 08 Jan 2015 | 8:25 PM

Soros urges giving Ukraine $50 billion of aid to foil Russia

LONDON (Reuters) - Billionaire financier George Soros has urged the West to step up aid to Ukraine, outlining steps towards a $50 billion (33.22 billion pounds) financing package that he said should be viewed as a bulwark against an increasingly aggressive Russia.

World 08 Jan 2015 | 11:45 PM

Merkel sets high bar for lifting of Russia sanctions

BERLIN (Reuters) - German Chancellor Angela Merkel said on Thursday that Europe could not consider lifting sanctions against Russia until all elements of a 12-point peace agreement signed in September between Ukraine and pro-Russian rebels were fully implemented.

World 17 Jan 2015 | 2:25 AM

Greek leftist Syriza party widens lead over conservatives

ATHENS (Reuters) - Greece's anti-bailout Syriza party has widened its lead over Prime Minister Antonis Samaras' co-ruling conservatives ahead of a Jan. 25 snap election, two polls showed on Friday.