End of Greek aid to have limited impact on other states - German Finance Minister
German Finance Minister Wolfgang Schaeuble on Monday played down the impact of the end of the Greek aid programme, saying in a letter to German lawmakers that it would have only a limited impact on other states.
Jun 29, 2015, 21:30 PM IST
Juncker says 'No' in Greek referendum would be 'no to Europe'
European Commission head Jean-Claude Juncker told Greek voters on Monday they would be rejecting the European Union if they opposed creditors' reform proposals in Sunday's referendum.
Jun 29, 2015, 21:22 PM IST
Greek crisis threatens European dream: Analysts
Europe`s failure to solve the Greek debt crisis risks lasting damage to the post-war dream of "ever closer union" at a time when it faces new threats on its borders, analysts said.
Jun 29, 2015, 21:02 PM IST
ECB faces tough choice on cash lifeline for Greece
In a bid to keep markets calm, the European Central Bank made a tough choice when it opted to keep open the financial lifeline to Greek banks at the weekend, analysts said on Monday.
Jun 29, 2015, 18:45 PM IST
European banks, bonds shaken by Greek turmoil
European bank stocks and borrowing costs for Italy, Spain and Portugal bore the brunt on Monday of financial markets` fright at the growing risk that Greece will leave the euro.
Jun 29, 2015, 16:24 PM IST
Greece in shock as banks shut after creditor talks break down
Greece has less than 48 hours to pay back 1.6 billion euros (USD 1.77 billion) of International Monetary Fund loans.
Jun 29, 2015, 16:24 PM IST
Chinese shares sink further, Hong Kong hit by Greece crisis
Chinese shares tumbled Monday after a rollercoaster ride, extending losses of the past two weeks, while Hong Kong also sank on expectations Greece will default on its debt and possibly crash out of the eurozone.
Jun 29, 2015, 15:35 PM IST
Global markets plunge as Greece shuts banks after run on ATMs
Markets across the world tumbled Monday as Greece ordered its banks to shut for a week and imposed capital controls after its citizens emptied ATMs.
Jun 29, 2015, 15:22 PM IST
Greece crisis may trigger outflows from India: Finance Secretary
The economic crisis in Greece may trigger capital outflows from India and the government is consulting the RBI to deal with the situation, Finance Secretary Rajiv Mehrishi said on Monday.
Jun 29, 2015, 13:09 PM IST
EU to make latest proposals on Greek crisis on Monday: Moscovici
The president of the European Commission will make his latest proposals later on Monday to try to avoid a Greek default, the EU commissioner of economic affairs said, adding that there was still room to negotiate over the crisis.
Jun 29, 2015, 12:40 PM IST
Greece orders banks closed for a week after run on ATMs
Greece announced early Monday it will shut banks for a week and impose capital controls, pleading for calm after anxious citizens emptied cash machines in a dramatic escalation of the country`s debt crisis.
Jun 29, 2015, 11:42 AM IST
Spooked by Greece, Sensex tumbles 535 points, Nifty dips below 8,300-mark
The NSE Nifty slipped below the 8,300 mark by skidding 166.45 points, or 1.99 percent, to 8,214.65.
Jun 29, 2015, 10:11 AM IST
Sensex falls nearly 2%, bonds retreat on Greece worries
India`s stock markets fell nearly 2 percent on Monday and bond yields rose as Greece looked set to default on its debt repayment this week, sparking concerns about foreign selling in emerging markets.
Jun 29, 2015, 09:36 AM IST
Greece imposes capital controls as crisis deepens
Greece closed its banks and imposed capital controls on Sunday to check the growing strains on its crippled financial system, bringing the prospect of being forced out of the euro into plain sight.
Jun 29, 2015, 09:27 AM IST
ECB set for emergency talks as `Grexit` looms
The European Central Bank was set to hold emergency talks Sunday on whether to keep or cut its financial lifeline to Athens, as France warned of a "real risk" Greece will leave the euro.
Jun 28, 2015, 16:36 PM IST
Merkel urges Greece to accept 'extraordinarily generous' offer
German Chancellor Angela Merkel urged Greece today to accept an "extraordinarily generous" offer from its EU-IMF creditors, which includes at least 12 billion euros (USD 13.4 billion) in further rescue cash over the next five months.
Jun 26, 2015, 23:29 PM IST
Greece creditors offer five-month bailout extension
Greece's international creditors on Friday offered Athens a five-month, 12-billion-euro (USD 13.4-billion) extension of its bailout programme but said it must seal a deal this weekend to avoid an IMF default next week.
Jun 26, 2015, 19:20 PM IST
Greece creditors ready to disburse 1.8 bn euros once parliament backs reforms: Document
Greece`s creditors are ready to disburse 1.8 billion euros in financial aid to help it meet a crucial IMF payment if parliament votes in favour of a reform deal, a negotiating document seen by AFP said Friday.
Jun 26, 2015, 17:04 PM IST
Eurozone loans to private sector growing again: ECB
After long months of contraction, the volume of loans to private businesses and households increased by 0.5 percent May compared with the same month in 2014, the ECB said in a statement.
Jun 26, 2015, 14:02 PM IST
Greece may cause churn in Indian stocks, debt market: Assocham
The fallout of Greece crisis has largely been factored in by markets even though an immediate jolt is not ruled out and India can be impacted with upheavals expected in stocks and debt markets, Assocham has said.
Jun 25, 2015, 17:09 PM IST
