Greeks face bankruptcy as cash runs out for wages and pensions

Greece will go bust next week, potentially pushing the highly indebted country into default and out of the eurozone and plunging the European Union into an unprecedented crisis. (The Times)

Merkel says Germany will continue to push eurozone overhauls

Germany will continue to push for fiscal consolidation and economic overhauls in the eurozone despite international pressure to back down, German Chancellor Angela Merkel said, pointing to former bailout-out country Ireland as proof that the efforts pay off. (Wall Street Journal)

Dutch state secretary outlines plans for pensions communication Bill

Jetta Klijnsma, state secretary for the Dutch Social Affairs Ministry, has suggested all official channels for pensions communication should provide information in ‘layers’, with the most essential data on top. (Investment & Pension Europe)

European countries focus aid on ex-colonies

France, the UK, Belgium, Spain, Germany and Portugal are spending the bulk of their Official Development Assistance (ODA) budgets on their former colonies. (EurActiv)

France to miss 2017 deficit goal, jobless rate to dip slowly

France’s economy is pulling out of the doldrums but not quickly enough to meet its European deficit-reduction commitments or claim significant progress in the battle to cut unemployment by 2017, an election year, a Reuters poll shows. (Reuters)