Eurozone

EU, IMF, ECB, eurozone chiefs to speak Friday on Greece: EU source

The heads of the EU, IMF, European Central Bank and the eurozone on Friday will discuss a last-ditch reform plan that Greece submitted in a bid to avert financial collapse and exit from the eurozone, EU sources said.

Jul 10, 2015, 15:44 PM IST

Factbox: Eurozone has tight timeline for deal to save Greece

Eurozone countries have set a tight timeline for any deal to save Greece from economic collapse that could catapult it out of Europe`s common currency.

Jul 10, 2015, 00:16 AM IST

Deadline looms for Greece to submit bailout plan

Greece was to submit a detailed bailout request to its eurozone partners Thursday in a last-ditch effort to save its collapsing economy and its place in the euro, in an unprecedented test of EU cohesion.

Jul 09, 2015, 22:11 PM IST

Deadline puts Greece`s euro membership, debt on the table

Greece was to submit a detailed bailout request to its eurozone partners Thursday in a last-ditch effort to save its collapsing economy and its place in the euro, with the EU president urging creditors to compromise on debt relief.

Jul 09, 2015, 19:31 PM IST

Greek crisis: Key events since referendum

Following is a timeline of events in the Greek crisis since Sunday`s referendum:

Jul 09, 2015, 18:43 PM IST

Draghi said to doubt Greek solution as Tsipras reforms awaited

The ECB is keeping shuttered Greek banks afloat with emergency liquidity capped until the weekend as leaders of the 19-nation euro zone race to find a last-minute third bailout for Athens.

Jul 09, 2015, 15:02 PM IST

Deadline day for 'last chance' Greece bailout plan

Prime Minister Alexis Tsipras vowed yesterday that his country's new plan asking for billions in euros would contain "concrete proposals, credible reforms, for a fair and viable solution".

Jul 09, 2015, 14:56 PM IST

Greece eyes midnight deadline for badly needed new bailout plan

Greek Prime Minister Alexis Tsipras vowed on Wednesday to present "credible" plans to seal more emergency loans from his exasperated European creditors ahead of a summit of all 28 EU leaders on the debt crisis on Sunday.

Jul 09, 2015, 09:45 AM IST

ESM confirms receiving formal aid request from Greece

The European Stability Mechanism (ESM) have received a formal request for bailout aid from Greece to avoid Grexit, a media report said.

Jul 09, 2015, 07:04 AM IST

Greek banks to stay closed until Monday: Finance ministry

Greek banks will remain closed until Monday, the finance ministry said as the government raced to come up with a new proposal to present to creditors in a last-minute drive to avert a eurozone exit.

Jul 09, 2015, 02:57 AM IST

Greece seeks new EU loan deal in race to avert collapse

A race to save Greece from bankruptcy and keep it in the euro gathered pace on Wednesday when Athens formally applied for a three-year loan and European authorities launched an accelerated review of the request.

Jul 09, 2015, 00:42 AM IST

Greece needs debt restructure, sustainable debt plan: US

US Treasury Secretary Jacob Lew said Wednesday that Greece`s creditors need to give the country a path for debt sustainability and growth.

Jul 09, 2015, 00:40 AM IST

Greek PM Alexis Tsipras vows 'credible' reforms as deadline looms

Greek Prime Minister Alexis Tsipras vowed to present "credible" reform plans before a Thursday deadline set by exasperated European leaders, as Athens formally asked for a new bailout to avoid crashing out of the euro.

Jul 09, 2015, 00:24 AM IST

Latest Greek proposals 'balanced', 'positive': French PM

French Prime Minister Manuel Valls said Wednesday fresh proposals made by Athens in exchange for a new European bailout were a step in the right direction.

Jul 08, 2015, 22:34 PM IST

Grexit would pose major security challenge: Experts

As a key security partner for the West and the prime route for migrants arriving in Europe, Greece poses a threat to more than the financial stability of the continent if its crisis deepens.

Jul 08, 2015, 22:33 PM IST

EU`s Tusk says 'last chance' for Greek debt deal

EU President Donald Tusk warned Wednesday that Greece and its European partners now faced the very last chance to reach a rescue deal needed to keep debt-ridden Athens in the eurozone.

Jul 08, 2015, 21:21 PM IST

Greece races against clock to submit reform proposal

Greece submitted a request for aid from Europe's bailout fund today, and is rushing to detail a plan of economic reforms that creditors want to see this week if they are to save the country from financial collapse and keep it in Europe's joint currency.

Jul 08, 2015, 21:20 PM IST