FRANKFURT, Germany (AP) — European governments have decided to put forward World Bank official Kristalina Georgieva from Bulgaria as their candidate to replace Christine Lagarde as head of the...
PARIS (AP) — The eurozone's new leader says he hopes to use his term to bring the 19 countries that use the currency closer together and make them more resistant to crises.
Outgoing leader Jeroen Dijsselbloem of the Netherlands formally handed over power Friday of the eurogroup — in the form of a symbolic bell — to Portugal's Mario Centeno in a ceremony in Paris. Centeno's mandate starts Saturday.
BRUSSELS (AP) — Portuguese Finance Minister Mario Centeno has won the race to be the next voice of the 19-country eurozone, a victory that marks a move away from the austerity mantra that has marked the recent crisis-ridden years in the single currency bloc.
Centeno, the overwhelming favorite, came out on top after two rounds of voting among his peers and will officially succeed Dutchman Jeroen Dijsselbloem on Jan. 13. His term as eurogroup president will last for two and a half years.
LISBON, Portugal (AP) — When he played rugby as a student at Lisbon University, Mario Centeno earned a reputation for being quick on his feet.
That talent has proved invaluable as Portugal's finance minister for the past couple of years — while having to keep the moderate Socialist government's radical allies from the left happy, Centeno has also had to keep a firm hand on spending.
BRUSSELS (AP) — The Latest on the election of the next president of the eurogroup (all times local):
Portuguese Finance Minister Mario Centeno has been elected the new head of the so-called eurogroup, the body made up of the single currency bloc's finance ministers.
In a tweet following the election, the European Union said he had been elected as the eurogroup's new president and that he will take up his post on Jan. 13.
BRUSSELS (AP) — The finance ministers from Portugal, Luxembourg, Slovakia and Latvia are in Monday's runoff to seek the presidency of the eurogroup, the informal group of finance chiefs of the 19 nations that use the euro.
The influential group needs a new head after socialist Jeroen Dijsselbloem was beaten in Dutch elections and was kept out of the new coalition government.
Now, Mario Centeno from Portugal, also a socialist, is considered a favorite.
THE HAGUE, Netherlands (AP) — Jeroen Dijsselbloem, the head of the 19-country eurozone, is leaving Dutch politics after 12 years as a lawmaker and nearly five as the Netherlands' finance minister.
Dijsselbloem said in a letter published Wednesday on his Labor Party's website that he will leave Parliament later this month, but will complete his mandate, which ends in January, as chairman of the eurogroup.
KAVOURI, Greece (AP) — The eurozone's top official said Monday that Greece and its European creditors are on a good path to completing the latest round of bailout talks, with a view to a "clean exit" from strict fiscal supervision.
Jeroen Dijsselbloem said the recession-battered country is regaining credibility, with a "very strong" fiscal performance in 2016 and 2017.
BRUSSELS (AP) — Greece and its European creditors failed to clinch a deal Monday that would have seen the cash-strapped country get its next batch of bailout loans and secure an agreement on the sort of debt relief measures it can expect to get when its current bailout program ends next year.
BRUSSELS (AP) — The Latest on European Union finance ministers' meeting on Greek debt (all times local):
The eurozone's top official says an agreement to give Greece the next batch of bailout cash it needs before a summer repayment bump has not been reached, but that it's close.
THE HAGUE, Netherlands (AP) — The Dutch government says it had a budget surplus last year for the first time since the financial crisis in 2008, thanks to lower than expected spending and higher than forecast revenues.
The government said Wednesday in its financial report for 2016 that, as well as a surplus of 2.9 billion euros ($3.2 billion), the national debt of 434 billion euros last year was 32 billion euros lower than the government had earlier calculated.
THE HAGUE, Netherlands (AP) — The eurozone's top official said "fatigue may have played a role" for comments he made last month that unleashed a storm of criticism across southern Europe.
In an interview with Dutch newspaper De Volkskrant, published Monday, Jeroen Dijsselbloem said the scale of the backlash made it look like "I committed a war crime."
BRUSSELS (AP) — Greece and its international creditors took a big step Friday toward an agreement that will ensure the country gets the money it needs to avoid a potential bankruptcy this summer but which could spell more pain for austerity-weary Greeks.
ATHENS, Greece (AP) — Three Greek cabinet officials have returned to Brussels for emergency meetings on delayed bailout negotiations, officials from Greece's government and the European Union said late Tuesday.
Greek Finance Minister Euclid Tsakalotos, deputy George Chouliarakis, and Labor Minister Effie Achtsioglou traveled to the Belgian capital to meet with representatives of bailout lenders ahead of a Friday meeting of Eurozone finance ministers in Malta.
LISBON, Portugal (AP) — Portugal's prime minister said Tuesday the country's finance minister was recently asked whether he would be available to become the eurozone's top official, replacing Jeroen Dijsselbloem.
Antonio Costa said in an interview with Lisbon's Radio Renascenca that Portugal rejected the approach because Finance Minister Mario Centeno is still guiding the country out of its recent financial crisis.
BRUSSELS (AP) — Portugal led calls on Wednesday for the eurozone's top official to resign for what many saw as derogatory comments about debt-ridden southern nations spending foolishly and relying on their northern partners to bail them out.
Portuguese Prime Minister Antonia Costa said he was outraged by comments earlier this week from Jeroen Dijsselbloem, the Dutch finance minister who chairs discussions of his peers in the 19-country eurozone.
ATHENS, Greece (AP) — Police in Greece were contacting Tuesday the targets of eight parcel bombs addressed to European finance officials and businesses in various European countries, after the devices were discovered and neutralized at a postal sorting office near Athens.
Authorities were not officially releasing information on who the devices were being sent to until those targeted had been informed. The parcels had been falsely labeled as being sent from academic institutions.
BRUSSELS (AP) — Greece and its international creditors are stepping up talks on issues holding up the release of more loans to keep the country's debt-wracked economy afloat.
Eurogroup chairman Jeroen Dijsselbloem said finance ministers from the 19 nations that used the shared euro currency agreed Monday on more talks "intensified in the coming days here in Brussels."
He said the aim is to "clear those last big issues out of the way," including tax, pension and labor market reforms.
BRUSSELS (AP) — Greece and its European creditors agreed Monday to resume talks on what economic reforms the country must make next in order to get the money it needs to avoid bankruptcy and a potential exit from the euro this summer.
The creditors also hinted that they would temper their demands for budget cuts — a welcome thought for austerity-weary Greeks who have seen poverty and unemployment spike as their economy shrank by a quarter over the recent crisis-ridden years.
BRUSSELS (AP) — The eurozone's top official said Tuesday that next week's meeting between Greece and its international creditors will not yet provide a full breakthrough on the country's bailout program because more negotiations on reforms are needed.
"It really will take more time," said Jeroen Dijsselbloem, the Dutchman who chairs the regular gathering of eurozone finance ministers, known as the eurogroup.
BRUSSELS (AP) — Greece's finance minister and international creditors made "substantial progress" Friday in narrowing their differences over the bailout program keeping the Greek economy afloat, amid renewed tensions about the country's future in the euro.
BRUSSELS (AP) — Greece and its international creditors failed Thursday to bridge their differences and move toward finishing an important review of the bailout program that is keeping the country's economy afloat.
BRUSSELS (AP) — The eurozone's top official says he's hopeful that Greece and its creditors can make progress on an important review of the bailout program that is propping up the country's debt-laden economy.
Arriving to chair a meeting of eurozone finance ministers, Jeroen Dijsselbloem said "I'm sure we will find a way to take steps."
He said it's important that talks between Greece and its creditors resume in Athens, saying "that's what we need to restart now."
LONDON (AP) — British Foreign Secretary Boris Johnson is offering Britons an unrealistic and unachievable vision of the U.K.'s future outside the European Union, Dutch Finance Minister Jeroen Dijsselbloem has said.
It's the latest sign that Britain's effort to woo EU leaders before formal exit negotiations is meeting with skepticism.
BRUSSELS (AP) — Finance ministers from the nations using the euro single currency gave their green light Monday for new loans to Greece to help bolster its debt-stricken economy.
BRATISLAVA, Slovakia (AP) — The Dutch finance minister urged Apple on Saturday to "get ready" to pay up.
Jeroen Dijsselbloem and his counterparts from other EU nations lined up behind a finding that the technology company owes billions of euros due to more than a decade of improperly low taxation.
Apple's bill could reach 19 billion euros ($21 billion) with interest, and both the company and Ireland, Apple's European headquarters, are appealing the European Commission ruling.
BRATISLAVA, Slovakia (AP) — European creditors urged the Greek government Friday to speed up the implementation of a series of economic reforms so it can get its hands on the next batch of bailout cash before the end of October.
BRUSSELS (AP) — New rules governing the rescue of imperiled banks in the 19-country eurozone that seek to protect taxpayers won't be fudged, officials from the single currency bloc insisted Monday amid growing concern about some of Italy's lenders.
Worries over the financial health of Italy's banks have grown more acute since the June 23 referendum result in Britain and the country's premier, Matteo Renzi, is looking for a way to rescue them from a pile of bad loans that...