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Eurogroup President Jeroen Dijsselbloem arrives to take part in an Eurogroup finance ministers meeting at the European Council in Brussels on January 26, 2015Eurogroup chief Jeroen Dijsselbloem warned Greece Monday that its euro membership depended on Athens sticking to prior agreements, after the radical left Syriza party won elections with a vow to renegotiate its debts. "Membership of the eurozone means that you comply with everything you have agreed with," Dijsselbloem said as he arrived for talks of eurozone finance ministers in Brussels. Syriza and its 40-year-old leader Alexis Tsipras took 149 seats in the 300-seat parliament in Sunday's election, putting the country on a collision course with its international creditors, especially Germany.


2015-01-26 10:50:30 -0600
By Alex Lawler LONDON (Reuters) - Oil prices at current levels may have reached a floor and could move higher very soon, OPEC's secretary-general said on Monday, his first public comment that oil's second-biggest decline on record may have run its course. Abdulla al-Badri also warned of a risk of a future price spike to $200 a barrel if investment in new supply capacity is too low. "Now the prices are around $45-$50 and I think maybe they reached the bottom and will see some rebound very soon," Badri told Reuters on the sidelines of a conference at Chatham House. Oil prices have fallen almost 60 percent since June to below $49 a barrel on global oversupply.
2015-01-26 10:44:54 -0600