Greece makes overdue payments, no longer in default: IMF
The International Monetary Fund said Monday that Greece was no longer in default on its loans after remitting about two billion euros ($2.2 billion) to make up for missed debt payments.
Jul 20, 2015, 20:09 PM IST
German economy minister due in Iran with business leaders
German Economy Minister Sigmar Gabriel flew to Iran Sunday as the first top Western official to visit the country since world powers and Tehran reached a historic nuclear deal.
Jul 19, 2015, 17:48 PM IST
Greece prepares to reopen banks, apply tax hikes
Banks are set to reopen Monday after a three-week shutdown estimated to have cost the economy some 3.0 billion euros ($3.3 billion) in market shortages and export disruption.
Jul 19, 2015, 17:12 PM IST
Greek bank shutdown cost economy 3 billion euros: Report
The three-week shutdown of Greek banks has cost the country`s struggling economy some 3.0 billion euros ($3.3 billion) not counting lost tourism revenue, a report said Saturday.
Jul 18, 2015, 14:32 PM IST
Distraction of Greece aside, is all well with the world economy?
The race is on between the U.S. and British central banks to be the first major economy to raise interest rates after a long period of unprecedented monetary generosity.
Jul 18, 2015, 09:32 AM IST
Key events in Greek bailout crisis since referendum
Following is a timeline of events in the Greek crisis from the July 5 referendum on austerity to Friday`s thumbs up by German lawmakers to talks on a third bailout.
Jul 18, 2015, 09:25 AM IST
Counting the cost for Greece and Europe
When Greek leaders began a shift in policy last year to ease themselves out from under the tutelage of foreign creditors, they hoped it would bring economic as well as political gains.
Jul 18, 2015, 09:22 AM IST
German hardline finance chief Schaeuble, Europe's 'new boss'?
Germany`s Finance Minister Wolfgang Schaeuble insists he is deeply pro-European, but for many his unbending stance on Greece has cast him as a villain in the struggle to save Athens from crashing out of the euro.
Jul 17, 2015, 22:27 PM IST
EU approves emergency loan of 7.16 bn euros for Greece
The EU approved a short-term loan of 7.16 billion euros ($7.8 billion) to Greece allowing it to meet a huge payment to the ECB and repay the IMF while a new bailout is still being ratified, the EU`s top official for the euro said Friday.
Jul 17, 2015, 19:52 PM IST
Greece`s Eurobank to buy Alpha Bank branches in Bulgaria: Source
Greece`s Eurobank will buy out the Bulgarian branches of another top Greek lender Alpha Bank for the symbolic price of one euro, a Eurobank source said Friday.
Jul 17, 2015, 18:25 PM IST
German lawmakers back Angela Merkel on Greece bailout plan
German lawmakers gave Chancellor Angela Merkel the green light Friday to resume talks on a new EU-IMF bailout deal for Greece, after she passionately argued it was the last chance to prevent "chaos" in the crisis-hit country.
Jul 17, 2015, 17:56 PM IST
Germany to vote on Greek bailout in crucial test for deal
Germany`s parliament prepared to vote on a fresh Greek bailout Friday, a crucial test of support for the deal after ECB boosted emergency aid to the crisis-hit country and eurozone nations agreed to crucial short-term funding.
Jul 17, 2015, 11:36 AM IST
On the brink, EU leaders clinched bailout deal with an SMS
As dawn broke in Brussels on Monday, Europe's frazzled leaders gazed into an abyss: the looming exit of Greece from a common currency that symbolized European unity.
Jul 17, 2015, 10:29 AM IST
Europe moves to restore funding to Greece after bailout vote
Prime Minister Alexis Tsipras won the backing of parliament in the early hours of Thursday for the stringent reform measures demanded by the creditors led by Germany, but was left weakened by a revolt in his left-wing Syriza party.
Jul 16, 2015, 19:18 PM IST
Greek parliament vote satisfies bailout deal terms: EU
"The authorities have legally implemented the first set of four measures agreed at the eurosummit in a timely and overall satisfactory manner," spokeswoman Annika Breidthardt told reporters.
Jul 16, 2015, 17:36 PM IST
Greece licks wounds after bailout vote, ECB move expected
The vote, vital to unlocking emergency financing from European partners as early as Thursday, left Prime Minister Alexis Tsipras weakened by a revolt in his leftist Syriza party but clinging to power for now.
Jul 16, 2015, 13:20 PM IST
Greek parliament approves bailout measures as Syriza fragments
Speaking in parliament before the vote, Tsipras made clear he was supporting the package against his will but there was no alternative if Greece was to avoid financial collapse.
Jul 16, 2015, 09:09 AM IST
Greek PM Tsipras tells lawmakers he needs their support to stay
"I am prime minister because I have a parliamentary group that supports me. If I do not have its support, it will be difficult to be prime minister the day after," he told the lawmakers, according to the official.
Jul 15, 2015, 23:46 PM IST
Greece to vote on bailout after explosive IMF report
Greece on Wednesday geared up for a parliamentary vote on tough reforms demanded by eurozone creditors in exchange for a huge new bailout, just hours after a bombshell IMF report criticised the deal.
Jul 15, 2015, 19:53 PM IST
Greek government suffers defections as austerity vote looms
The vote will almost certainly see large numbers of Syriza lawmakers dissent and vote against the package, raising questions of the government's survival in its current form.
Jul 15, 2015, 18:02 PM IST
