Greece seeks new bailout as deadline looms
Greece asked for a new international bailout on Wednesday as Prime Minister Alexis Tsipras said he was confident debt-stricken Athens could meet a weekend debt deal deadline to stay in the euro.
Jul 08, 2015, 17:30 PM IST
Greece and China expose limits of 'whatever it takes'
And as long as the Greek government is at loggerheads with its creditors, the central bank can`t wave a magic wand of monetary support without breaking its own rules.
Jul 08, 2015, 11:53 AM IST
Greece given Sunday deadline for debt deal
All 28 European Union leaders will examine the plans on Sunday in a make-or-break summit that will either save Greece`s moribund economy, or leave it to crash out of the single currency -- a so-called "Grexit".
Jul 08, 2015, 08:34 AM IST
Greece gets until Sunday for proposals to stave off collapse
Frustrated and angered eurozone leaders gave Greek Prime Minister Alexis Tsipras a last-minute chance to finally come up with a viable proposal on how to save his country from financial ruin.
Jul 08, 2015, 06:12 AM IST
Lack of new Greek proposals leaves eurozone leaders on edge
Greek Prime Minister Alexis Tsipras strode into a summit of eurozone leaders with a beaming smile Tuesday, but was met with anger when it became clear he had no written proposal on how to save his country from financial ruin.
Jul 08, 2015, 00:43 AM IST
Eurogroup meeting ends fruitless, Greece insists it tabled proposals
An emergency Eurogroup meeting in Brussels on the Greek debt deal ended inconclusive on Tuesday, with lenders saying that they expected to discuss Greece`s proposals on Wednesday during a Eurogroup teleconference.
Jul 08, 2015, 00:23 AM IST
Greece exit may destabilise eurozone economy: French PM
French Prime Minister Manuel Valls on Tuesday warned that an eventual Grexit from the eurozone would put the economic recovery of the European bloc on edge and likely trigger political instability in the region.
Jul 07, 2015, 18:15 PM IST
Europe demands new Greek debt plan at crisis summit
European leaders warned Greek Prime Minister Alexis Tsipras to submit new bailout proposals at an emergency summit on Tuesday or risk leaving the euro, after Greeks defiantly voted `No` to further austerity.
Jul 07, 2015, 18:06 PM IST
Grexit cannot be excluded if no reforms: EU`s Dombrovskis
The EU wants Greece in the eurozone but it could be forced out if it does not produce a credible reform package to satisfy creditors, EU Commissioner for the euro Valdis Dombrovskis said Tuesday.
Jul 07, 2015, 17:48 PM IST
Greece faces last chance to stay in euro as cash runs out
Greek Prime Minister Alexis Tsipras had a final chance to present credible reform proposals to an emergency euro zone summit on Tuesday to persuade sceptical creditors to reopen aid talks before his country`s banks run out of money.
Jul 07, 2015, 12:46 PM IST
'Can't take risk' of Greece leaving euro: French PM
France can`t take the risk of Greece leaving the eurozone, which would have an effect across the globe, the prime minister said on Tuesday, adding that the basis for a deal with Athens was there.
Jul 07, 2015, 12:16 PM IST
Eurozone leaders to hold emergency summit on Greece
"It is now up to the government of Alexis Tsipras to make serious, credible proposals so that this willingness to stay in the eurozone can translate into a lasting programme," Hollande said.
Jul 07, 2015, 08:56 AM IST
IMF caught in delicate position between Greece and EU
The global crisis bank is anxious to craft a compromise, but also under pressure to recover the billions it has lent to the country.
Jul 07, 2015, 08:33 AM IST
White House calls on Greece, EU to find compromise
The White House urged Greece and EU leaders Monday to find a compromise to keep the cash-strapped country in the eurozone, after Greeks voted resoundingly to reject an austerity-based bailout.
Jul 07, 2015, 06:41 AM IST
`Door open to discussions` on Greece: Hollande, Merkel
French President Francois Hollande and German Chancellor Angela Merkel said Monday the door was open for a return to debt negotiations with Greece, but called on Athens to make "serious" proposals.
Jul 07, 2015, 02:22 AM IST
Grexit threat puts Europe in tricky position after `No` vote
Vote `Yes` or leave the euro: European leaders talked tough ahead of Greece`s momentous referendum, but that threat could seriously complicate a return to the negotiating table after Greeks said an emphatic `No` to more austerity.
Jul 07, 2015, 01:05 AM IST
Hope dies last in Greece after defiant ''No''
Athens was still standing on Monday. The Parthenon had not crumbled before the coming Apocalypse. And as their left-wing government made tentative overtures to its European partners, Greeks expressed hope catastrophe might yet be averted.
Jul 07, 2015, 01:01 AM IST
Greece unlikely to impact Indian economy, say fund managers
The Greek crisis is unlikely to have any impact on the Indian economy since it has only negligible exposure to the troubled Mediterranean island, fund managers said here today.
Jul 07, 2015, 00:56 AM IST
Grexit not a foregone conclusion despite 'no' vote: DBS
The largest Singaporean lender, DBS Bank, said Monday that the overwhelming Greece vote against austerity measures on Sunday is not a foregone conclusion for its exit from the euro zone.
Jul 07, 2015, 00:02 AM IST
Germany dismisses Greece bid for new bailout after `No` vote
Germany on Monday dismissed Greece`s bid to clinch a quick new debt deal after the country delivered a resounding `No` to more austerity, appearing little moved by the surprise resignation of the Greek finance minister.
Jul 06, 2015, 23:51 PM IST
