European Zone lenders have affirmed their desire to strengthen and empower Greece regarding its tax and pension reforms. It has further been noted that the sector calls for the nation to act and adopt the new system to ensure the nation's stability and attain success for all of its undertakings.
The European Union is looking at creating rules on how to deal with financial firms outside the banking industry that run into trouble, including clearing houses, insurers and asset managers, the EU's financial services chief said on Friday.
The Frankfurt-listed shares of Internet companies Yahoo (YHOO.O) andFacebook (FB.O) outperformed those of rival Google (GOOG.O), after media reports thatGoogle would face anti-trust action from the European Union.
Greek lawmakers voted on Tuesday in favor of setting up a committee to examine the circumstances under which Greece agreed to bailouts totaling 240 billion euros ($260 billion) with the European Union and International Monetary Fund.
Billionaire financier George Soros is ready to invest $1 billion in Ukraine, if Western countries help private investment there. He also put the odds of Greece leaving the euro at a third, in an interview with Austrian newspaper Der Standard.
Euro zone leaders will tell Greece on Thursday that time and patience are running out for its leftist-led government to implement agreed reforms to avert a looming cash crunch that could force it out of the single currency.
EU chief executive Jean-Claude Juncker and Greek Prime Minister Alexis Tsipras called on Friday for European governments to show solidarity with Greece and resolve a credit crunch that risks dumping it out of the euro zone.
The European Union's financial affairs chief Pierre Moscovici told German radio on Friday, just before a Bundestag vote on a bailout extension for Greece, that allowing any country to leave the euro zone would simply raise the question "who's next?".
Greece will make every effort to reach an agreement with its euro zone partners at Monday's meeting of euro zonefinance ministers on how to transition to a new support program, its government spokesman said on Friday.