Peterson Institute

The Trump administration has set a collision course with the auto industry as it launches renegotiations of the 23-year-old NAFTA trade pact this week, aiming to shrink a growing trade deficit with Mexico and tighten the rules of origin for cars and parts.

The International Monetary Fund insists on its position that the target for Greece's primary budget surplus should be reduced further after 2022.

US Treasury Secretary Jack Lew insisted Thursday that restructuring is the only answer to Greece's unsustainable debt.

Speaking during an event at the Peterson Institute for International Economics in Washington DC, Lew said that "the only consistent answer to a non-sustainable debt is its restructuring."

European Commissioner on Economic and Financial Affairs Pierre Moscovici said the economic outlook for the Eurozone for the immediate future was worse than the initial projections, during a speech at the Peterson Institute for International Economics in Washington, Thursday. He said that the Eurozone’s GDP would rise in the first quarter of 2016, but added that the figure was revised downward.

By Theophilos Argitis & Marcus Bensasson

Greek Prime Minister Alexis Tsipras turned Tuesday to shoring up support at home for his plan to end a five-month standoff with creditors that has brought his nation to the edge of default.

Sales tax on catering may be the largest difference between Greece and its creditors as they negotiate rescue arrangements this week, according to two European Union officials.

By Ben Sills & Flavia Krause-Jackson

Greek Prime Minister Alexis Tsipras has four days to capitulate to demands to keep Greece in the euro -- or prepare for a messy divorce.

By Birgit Jennen and Rainer Buergin

German Finance Minister Wolfgang Schaeuble raised the possibility that Greece may need a parallel currency alongside the euro if the country?s talks with creditors fail, people familiar with his views said.

By Paul Taylor

Even if it survives the next three months teetering on the brink of bankruptcy, Greece may have blown its best chance of a long-term debt deal by alienating its eurozone partners when it most needed their support.

Reuters business writer Paul Taylor takes a dim view of the Greek leftist government’s first months in power, and especially its dealing with its EZ creditors, saying a lack of credibility on the part of the SYRIZA government means a deal on the debt now appears as impossible.