Euro

According to a Dow Jones Newswire report on Friday afternoon, eurozone officials have rejected a Greek request to issue 4.5 billion euros worth of T-bills.

Oil prices are demonstrating a steady rise on international markets. Brent was trading at USD 57,11 per barrel of petroleum on Monday morning, while WTI has recorded an increase of 1,41% reaching a price of USD 51,19 per barrel, the BBC reported.

Greece will be able to reach agreement with its European partners and any turmoil poses little risk for Spain where the government is poised to raise its growth forecasts, Spanish Economy Minister Luis de Guindos said.

A European Commission report published on Thursday holds good news for Romania in 2015.

"Economic growth in Romania is forecast to stay above potential at 2.7 per cent in 2015 and 2.9 per cent in 2016, powered by domestic demand and supported by the gradual recovery expected in the global economy," it reads.

According to an official's statements to Bloomberg, the European Central Bank will allow to the Bank of Greece to provided nearly 59.5 billion euro to temporary emergency financing mechanism.

German Vice-Chancellor Sigmar Gabriel proved less diplomatic than Wolfgang Schauble on Thursday when meeting with Greek FinMin Yanis Varoufakis, with the former reportedly saying that "Greece should keep its issues to itself and not convey them to other countries".

The statement was relayed by Reuters.

By Marius Zaharia

Greece's new SYRIZA government spent its first week in power trying to make friends with European policymakers and wary investors. The firm that says it is one of Athens's largest private creditors is already on board.

Greek central bank governor Yannis Stournaras said on Thursday that Greek banks were solid and under control, a day after the European Central Bank denied them use of Greek bonds as collateral for loans.

"Deposits and liquidity are absolutely safe," Stournaras, who is also a member of the European Central Bank's Governing Council, told reporters.

The European Commission foresees a modest growth of 0.8 % for the Bulgarian economy in 2015 and a further 1 % growth in 2016.

This became evident from the Commission's Winter Economic Forecast, which was released on Thursday.

According to it, Bulgaria registered an economic growth of 1.4 % in 2014, which is an increase of 0.2 % compared to an earlier estimate.

By Sarah White & Julien Toyer

MADRID - Greece will be able to reach agreement with its European partners and any turmoil poses little risk for Spain where the government is poised to raise its growth forecasts, Spanish Economy Minister Luis de Guindos said.