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World Business Report: Greece Battles to Stay in Eurozone

Picture: Greece's Future in the Eurozone is Under Debate; Credit: Getty

19/06/2015

Greece Battles to Stay in Eurozone

BBC World Service - World Business Report, Greece Battles to Stay in Eurozone

ECB provides more emergency funds to Greek banks as savers withdraw billions of euros.

Greek PM says there is still time for a deal to keep Greece in the eurozone and the Netherlands is to export powdered eggs to the US to alleviate shortages caused by bird flu.

The European Central Bank has agreed to provide additional emergency funding to Greek banks. The decision follows several days of unusually high levels of withdrawals by savers who fear Greece may default on its debts. 

Meanwhile, the Greek Prime Minister, Alexis Tsipras, has said there is still time for a deal to prevent Greece defaulting and leaving the eurozone. His comments come ahead of an emergency summit of leaders from eurozone nations. We talk to the Finnish finance minister, Alexander Stubb, about how successful he expects Monday's meeting in Brussels to be. 

The Netherlands has been given the green light to export 420,000 kilos of powdered egg to the US, the economic affairs ministry confirmed on Monday. It is the first time the Netherlands has been licensed to export egg products to the US since 2002. The US has been hit by a bird flu epidemic and some 40m laying hens have been killed because of the outbreak.

Also on the programme, we take our regular look back over the week in the world of business. Picture: Greece battles to stay in eurozone; Picture credit: Milos Bicanski/Getty Images

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