A senior eurozone figure says it’s ‘impossible’ to work with Greece and they’ll miss their deadline for a deal

Greece's bailout negotiations resume again today, and the outlook is no better. According to Süddeutsche Zeitung, one of Germany's biggest newspapers, a senior eurozone official told them that it is "simply impossible" to work with the Greek government.  According to the report the mood in Europe's institutions is between "frustration and resignation," and the official suggests that there will be no deal by the time European finance ministers meet for the Eurogroup Summit on April 24, Read more [...]

Eurozone ministers meet to discuss Greek bailout – live updates

Rolling business and financial news, as eurozone finance ministers gather in BrusselsDijsselbloem: Greece must stop wasting timeMinisters start arriving.....Schauble: Greece must talk to the TroikaSummary: Another Eurogroup meetingGreek opposition: Varoufakis must be replaced 3.05pm GMT OK, all the eurozone ministers have arrived for this afternoon’s eurogroup.The running theme as they arrived was that Greece needs to hurry up and deliver firm reforms, so this could be a testy meeting...Eurogroup Read more [...]

Eurozone break-up fears hit two-year high – business live

Rolling economic and financial news, as a new survey finds that investors are more concerned about Greece leaving the eurozoneBank of England’s Carney and Habgood at TSCLatest: Greek reform bills could be delayedSentix: 38% of investors see eurozone break-up this yearGrexit fears highest since autumn 2012Stunning German retail sales figures Continue reading... Business | The Guardian Read more [...]

Eurozone ministers gather for crucial Greece talks – live updates

Eurozone finance ministers meet in Brussels to decide whether to accept or reject Greece’s bailout proposals 3.18pm GMT Austria’s finance minister said there was still much to discuss as he arrived for the eurogroup meeting in Brussels. Hans Joerg Schelling said the Greek proposals left much to interpretation, suggesting clarity and more detail would be needed before an agreement is possible.Austria’s Schelling: “We have a letter. This letter has many sentences with much space for interpretation. Read more [...]

Eurozone business growth hits 16-month low; UK suffers blow in bankers bonus fight – business live

All the latest business and economic news, as Eurozone growth falters and the ECJ’s main advisor rejects Britain’s pleas over bank bonus rulesECJ advisor recommends rejecting UK pleas over bonus capWhat the experts saySummary: Eurozone growth weakensChinese factory growth stalls Continue reading... Business | The Guardian Read more [...]

Eurozone private sector growth hits nine-month low; UK public finances disappoint – business live

Rolling business and financial news, as weak eurozone output figures suggest the European economy is strugglingLatest: UK deficit still growingEurozone business sector struggling French private sector output falls againGerman factories close to stagnation, but services sector strongerChinese PMI beats forecasts, but employment levels fallTesco gets finance director after gardening leave cannedAstraZeneca shares slide on US tax inversion clampdownTate & Lyle profit warning hits sharesComing up Read more [...]

Eurozone recovery branded ‘very fragile’ as ECB meets – business liveblog

Rolling business and financial news through the day, including the monthly ECB meeting and press conference this afternoon.Latest: Jeroen Dijsselbloem says Euro recovery is very fragile and unevenIntroduction. All eyes on the ECBGerman industrial orders jump 4.6%Analysts reckon no QE todayCo-op Group names new CEO as profits slide Continue reading... Business | The Guardian Read more [...]