Finance News – Greece, European Union, U.S. Treasury, Greece set to win more bailout aid, may seek greater debt relief
By Luke Baker and George Georgiopoulos BRUSSELS/ATHENS (Reuters) – Greece received a clean bill of health from its international creditors on Monday, securing more rescue aid and prompting its finance minister to say he would ask for much more debt relief if Athens keeps meeting its bailout targets. Athens is on course to contain its debt and pull itself out of a crippling recession next year, the creditors said, adding that the next disbursement of aid to the country, of at least 2.8 billion euros (.7 billion), should be approved soon. …
Germany puts brakes on EU bank union with treaty call
Germany said European banking union will require changes to EU law, in a call that could slow completion of the plan designed to underpin the euro currency. Speaking after a meeting of European Union finance …
French finance minister calls off meeting with U.S. treasury secretary
BRUSSELS (Reuters) – French Finance Minister Pierre Moscovici has canceled a meeting in Paris with U.S. Treasury Secretary Jack Lew that had been scheduled for Tuesday, a Treasury official said.