Bloomberg Euro-area officials are weighing a proposal to purchase loans that member states made to Greece in a move that would ease the nation’s debt burden, a precondition for the International Monetary Fund’s involvement in a bailout program. Senior finance ministry officials from the currency bloc held a conference call on Wednesday evening to discuss ways to make Greece’s ...

  Bloomberg The pound has shaken off an unwanted label. It’s no longer the worst-performing Group-of-10 currency of 2016, after surging this week as polls signaled a receding risk of a Brexit following the European Union referendum in June. Sterling cemented its lead over the Australian and New Zealand dollars on Thursday as retail-sales data showed there’s still life in ...

  Bloomberg The European Central Bank is likely to exceed its inflation goal for a while after a long period of near-stagnant prices, Governing Council member Erkki Liikanen said. “You can never have average inflation close to 2 percent if you are never above 2; it’s arithmetic,” Liikanen, the Bank of Finland governor, said in an interview in Helsinki on ...