Greek membership of eurozone not in doubt
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BRUSSELS - Greece&#39;s membership of the eurozone is not in doubt despite a damaging review of its budget data stretching back five years, a European Commission official said Monday.
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Athens Olympics organizers have  vehemently denied any financial improprieties in the run-up to  this year's Games as suggested in an audit report this week.
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NICOSIA, Cyprus It used to be that European politicians could count on Greece to stand in the way of Turkey&#39;s aspirations to join the European Union.
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The eurozone interest rate is raised to 3.5% as the European Central Bank keeps a close rein on inflation.
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A top European Union (EU) economic official said on Monday that the current level of the euro against the US dollar posed no threat to the eurozone economic recovery.
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BRUSSELS: The European Commission said yesterday it was unlikely to punish EU members which breached the bloc's budget deficit limit as a result of granting aid to survivors of the Asian tsunami disaster.
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Cypriot President Tassos Papadopoulos said Monday he would not oppose Turkish European Union accession talks provided Turkey met European standards.
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The European Central Bank is set this week to express confidence in the underlying strength of the eurozone economy even if, as expected, it shelves plans for a rise in interest rates.
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EU data arm Eurostat is sending a mission to Athens to investigate Greece's pre-euro economic data, but Greek membership of the zone is not in doubt, officials said.
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European Central Bank (ECB) Governing  Council member Christian Noyer said in an interview released on  Sunday euro zone growth might be weaker than hoped as a result  of market turmoil but he saw no "big setback."
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Olympic champion Kostas Kenteris, who is likely to be expelled from the Olympics for missing a doping test, said Tuesday that he is not a drugs cheat.
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European Union newcomer Lithuania has said it was unlikely to enter the eurozone before 2010 as the European Commission warned new member states not to expect the criteria for adopting the euro to be relaxed.
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THE European Commission yesterday concluded today that the Cyprus was on track for correcting its budget deficit. âI am comforted to note that the Czech Republic, Cyprus, Malta, Poland and
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European regulators said on Tuesday they do not intend objecting to the proposed merger of Euronext and the NYSE, removing a hurdle to the completion of the $10 billion transatlantic alliance.
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With little fanfare, Greece has become one of Europe's best-performing economies and stock markets.
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The European Central Bank keeps eurozone interest rates unchanged at 2% for the fourteenth month in a row.
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The Eurozone will be able to withstand world economic problems in 2007, the European Commission says.