Not exact matches
Wall Street stock futures are looking lower Friday following news that Greece's parliament has approved a third bailout
for the
country after an all - night session, but said it still must be approved by fellow
euro zone countries that have problems trusting Athens.
The latest flash estimates
for gross domestic product (GDP) in the second quarter of 2015 show that the economy expanded 0.3 percent in the 19 -
country euro zone, and by 0.4 percent in the 28 - member European Union, from the previous quarter.
The Greek crisis rumbled on Friday, as
euro zone finance ministers arrived in Brussels
for yet another round of discussions on the
country's debt problems.
PARIS (Reuters)- Finance ministers of other southern
euro zone countries on Wednesday talked up the chances of reaching a cash -
for - reforms deal with Greece, with Spain's Luis de Guindos saying he was certain it would happen.
Instead of struggling to keep the
euro zone together, default may be less painful in the long run
for the people of overindebted
countries
«Any revision of the treaty is
for deeper integration of the
euro area but also
for a stronger European Union,» Commission President Jose Manuel Barroso told the European Parliament on Wednesday, a bid to keep the process inclusive of all 27
countries in the EU, not just the 17 in the
euro zone.
If the
euro -
zone countries do give in, the pressure
for reform will also decline in the other crisis - ridden
countries.
This remains in debate, but most
countries who require or ask
for proof of coverage specify a minimum of 30,000
euros which is the standard requirement of Schengen
zone countries.