Euro

 Report states that fiscal stability will require a further lightening of the state debt and a return to growth

By Sotiris Nikas

BRUSSELS - Serbia's GDP will increase by 1.1 per cent this year and it will rise by 1.9 per cent in 2015, the European Commission (EC) latest spring forecast shows.

Finance Minister Yannis Stournaras conveyed Greece’s request for a lightening of the country’s debt burden to his eurozone counterparts at a summit in Brussels on Monday but, as expected, foreign officials indicated that a decision on this issue would not be considered until the fall.

 Social discontent and higher uncertainty may hide surprises in the European Parliament election result

By Dimitris Kontogiannis

 Stournaras to put forward suggestions on how to reduce annual repayments at Monday’s Eurogroup

Finance Minister Yannis Stournaras is due to ask his eurozone counterparts Monday to begin considering further debt relief for Greece, with the government already having drafted a number of options to reduce the repayments the country faces in the years to come.

The euro-or-drachma debate should have been settled a long time ago. Even the most vocal doomsayers outside the country have stopped predicting that Greece will be forces to leave the euro area and switch back to its old currency.

LONDON - Peripheral banks, used to paying generous new issue spreads compared to banks from the eurozone core, have become victims of their own success, and overwhelming demand for their bonds has withered in recent weeks as spreads have tightened.

Only 5% of Poles firmly support the idea that their country should join the Eurozone, a survey by the GfK Polonia Institute has shown.

Nearly three-quarters of Polish citizens do not want to abandon the zlota, Poland's national currency, with 42% of them being "strongly against" and 32% being "against" the euro, as Bulgaria's bTV

Public Power Corp SA, Greece’s largest electricity company, is returning to the bond market for the first time since 2000 as recovery takes hold in the nation that set off the euro region’s debt crisis.