Eurozone

Eurozone`s poorer nations take hard line on Greece

The eurozone`s poorer former communist nations, having themselves endured painful market reforms and austerity programmes, are taking a hard line on Greece after its people voted to reject bailout terms.

Jul 06, 2015, 21:02 PM IST

Vladamir Putin tells Alexis Tsipras supports Greek people to `overcome difficulties`

Russian President Vladimir Putin on Monday told Greek Prime Minister Alexis Tsipras he supported Greeks in overcoming the "difficulties" they faced after their resounding `No` to creditors` bailout terms, the Kremlin said.

Jul 06, 2015, 20:50 PM IST

Italy PM urges Greek talks to look beyond austerity to growth

Italian Prime Minister Matteo Renzi on Monday called for talks on resolving Greece`s debt crisis to not focus only on austerity but also on strategies to boost growth.

Jul 06, 2015, 20:46 PM IST

Eurozone stability `not in question` after Greek vote: EU

The stability of the eurozone is not at risk after Greeks voted `No` to creditors` austerity demands in a weekend referendum, the European Commission vice president for the euro said Monday.

Jul 06, 2015, 18:45 PM IST

Spain wants Greece to stay in euro, open to new bailout talks

Spain is open to negotiating a new bailout for Greece, which should remain in the eurozone, Economy Minister Luis de Guindos said Monday after Greek voters rejected creditors` austerity demands in a weekend referendum.

Jul 06, 2015, 18:29 PM IST

Yanis Varoufakis: Scourge of Greece`s creditors

Greece`s maverick finance minister Yanis Varoufakis, who announced his surprise resignation on Monday, achieved near-celebrity status with an urban-cool image and visceral attacks on the country`s international creditors.

Jul 06, 2015, 17:15 PM IST

Greek finance minister Yanis Varoufakis steps down

Varoufakis had last week promised to step down if a ‘yes’ vote came out on top in Sunday’s referendum.

Jul 06, 2015, 11:34 AM IST

UK will do `whatever is necessary` to protect its economy after Greek vote

Britain will do "whatever is necessary to protect its economic security", a government spokesman said Monday after Greeks voted overwhelmingly against austerity in a referendum that could send them crashing out of the eurozone with unknown consequences.

Jul 06, 2015, 10:47 AM IST

Oil tumbles in Asia as Greek vote shakes world markets

Oil fell in Asia on Monday as investors digested the implications of Greece rejecting tough austerity demands from creditors which could send the debt- strapped nation crashing out of the eurozone, analysts said.

Jul 06, 2015, 09:06 AM IST

Greece says 'no' to bailout offer

Results showed about 61 per cent voted "no," compared with 39 per cent for "yes," with 100 per cent of the vote counted.

Jul 06, 2015, 08:27 AM IST

Eurozone in tailspin after Greece votes `No` to bailout

Greek voters overwhelmingly rejected international creditors` tough bailout terms in a historic referendum Sunday that immediately sent the euro plummeting out of fear it could trigger a "Grexit" from the eurozone.

Jul 06, 2015, 05:11 AM IST

Greek result `very regrettable`: Eurogroup`s Dijsselbloem

Greece`s `No` vote in its bailout referendum is "very regrettable" and the economy faces tough measures to recover, the head of the Eurogroup of eurozone finance ministers, Jeroen Dijsselbloem, said Sunday.

Jul 06, 2015, 05:04 AM IST

Bailout offer: Greeks defy Europe with overwhelming referendum 'No'

Voters in Greece resoundingly rejected creditors' demands for more austerity in return for rescue loans, backing Prime Minister Alexis Tsipras, who insisted the vote would give him a stronger hand to reach a better deal.

Jul 06, 2015, 03:27 AM IST

Greek referendum final polls show 'No' vote ahead by small margin

Final opinion polls released after the end of voting in Greece`s referendum showed the `No` vote leading by a small margin in Sunday`s vote on a bailout proposal from creditors.

Jul 05, 2015, 21:48 PM IST

Greeks vote for 'destiny' in poll putting euro future in doubt

Greece voted in a tightly fought referendum Sunday that Prime Minister Alexis Tsipras said will determine its "destiny" in the eurozone, as the EU country teetered on the brink of financial collapse.

Jul 05, 2015, 19:06 PM IST

Greeks deciding 'destiny' in referendum: PM Alexis Tsipras

"No one can ignore the will of the people to live, to live with determination, to take its destiny into its own hands," Tsipras, appearing relaxed and wearing an open-necked white shirt, said after casting his ballot in Athens.

Jul 05, 2015, 15:32 PM IST

Polling opens in crucial Greece bailout referendum

The rest of Europe, and international investors, will be watching intently, unsure of the outcome that could greet them on Monday. Polls suggest both the `Yes` and `No` camps are neck-and-neck.

Jul 05, 2015, 10:12 AM IST

Sugar, flour, rice: panicked Greeks stock up on essentials

Greeks were hoarding cash and food amid mounting fears the economy could collapse, cracking open their wallets only to stock up on essentials and stripping supermarket shelves in the process.

Jul 05, 2015, 00:29 AM IST

Greece set to vote in bailout referendum

Greece is set to vote in a referendum on Sunday to decide whether to accept the debt draft deal with international creditors to restart financial aid to the country, or to reject the lenders` programme that requires Greeks to accept further austerity measures and economic reforms.

Jul 05, 2015, 00:22 AM IST