Italy posts trade surplus of $3.09 billion in June

ROME: Italy's trade balance showed a surplus of 2.52 billion euros ($3.09 billion) in June compared to a 1.7 billion euros deficit a year earlier, suggesting the economy is doing better than previously feared.

No extension to Greece's aid programme: Germany

BERLIN: Germany said on Friday that the terms of a crucial aid package for Greece should not be changed, after a report said Chancellor Angela Merkel would allow Athens "a few weeks" more to meet its commitments.

Germany warns Greece it will halt aid unless it commits to bailout agreements

Germany has threatened to halt vital financial aid to Greece unless a new government commits to the terms of the country’s bail-out agreements.

Merkel says 'big rethink needed'

Germany's Chancellor Angela Merkel has told the World Economic Forum that a "big rethink" is needed in the eurozone within the global economy.