Euro zone economy picks up pace but Germany lags
A slowdown in Germany weighed on the euro zone in the first quarter, but the bloc's economy still grew at its fastest in almost two years as cheap food and fuel boosted spending and a central bank stimulus program kicked in.
Chances Greece will leave euro zone less than one in four, traders say
The chances Greece will leave the euro zone are slightly less than one in four, according to a Reuters poll of traders, but if Athens defaults on a 750 million-euro debt repayment to the IMF on Tuesday the likelihood will increase.
Eurogroup to issue statement encouraging Greece to accelerate debt talks
Euro zone finance ministers will issue a short statement on Greece on Monday and will welcome progress made so far with creditors but will also warn that more time and effort is needed to overcome difficulties in talks with creditors, two EU officials said.
China cuts interest rates for third time in six months as economy sputters
China cut interest rates for the third time in six months on Sunday in a bid to lower companies' borrowing costs and stoke a sputtering economy that is headed for its worst year in a quarter of a century.
Greece will easily make upcoming payments-senior euro zone official
Greece will easily make the upcoming payments to the International Monetary Fund even though its liquidity situation is poor, a senior euro zone official said on Friday.
France's Sapin says Greece belongs in euro, solution will be found
French Finance Michel Sapin said on Thursday that euro zone states would find a solution to the Greek debt crisis and that Greece should remain in the currency union.
No deal with Greece on Monday, but mood positive: Dijsselbloem
Many issues remain unsolved between Greece and its lenders and agreement at next Monday's Eurogroup meeting of euro zone finance ministers is now not possible, Eurogroup chair Jeroen Dijsselbloem said.
Euro zone not discussing Grexit, may offer concessions-Portugal finmin
Greece's euro zone partners are not discussing the prospect of the country leaving the currency union and might offer concessions to Athens' original bailout program, Portugal's finance minister said on Tuesday.
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