ECB boosts emergency funding as Greek banks bleed, Tsipras calm
The European Central Bank expanded emergency funding for Greek banks as savers pulled out 1.2 billion euros in a single day on Friday, bankers said, but Prime Minister Alexis Tsipras insisted the nation`s future in the euro was secure.
Jun 19, 2015, 22:02 PM IST
Greece gets temporary lifeline for banks amid uncertainty
Greece got a temporary lifeline for its banks today to help them cope with a deposit drain in the run-up to a summit of the eurozone's 19 leaders that could determine the country's future in the euro.
Jun 19, 2015, 20:28 PM IST
European stocks open lower as IMF halts Greek talks
"European equities are trading moderately lower this morning after yesterday`s rally had come to an abrupt halt on the back of reports that the IMF has halted negotiations with Greece due to a lack of progress," said analyst Markus Huber at brokerage Peregrine & Black.
Jun 12, 2015, 15:07 PM IST
EU pushes Greece for deal as protests erupt
Fresh protests erupted meanwhile in Athens at the prospect of new austerity cuts demanded by Greece`s international creditors in return for money to stave off default.
Jun 11, 2015, 16:42 PM IST
Greece talks of compromise as Merkel warns time is short
Three days after Prime Minister Alexis Tsipras told his parliament the latest proposal from the EU and IMF was "absurd", the Greek government said it was ready to negotiate a settlement acceptable to both sides by the end of this month - when Greece`s bailout programme expires and it faces the prospect of default on its debts.
Jun 09, 2015, 10:43 AM IST
Merkel says ''there isn''t much time left'' for Greece
The German chancellor confirmed her intention to meet again with Greek Prime Minister Alexis Tsipras in Brussels on June 17 under the auspices of the EU summit meeting with the Community of Latin American and Caribbean States, or CELAC.
Jun 09, 2015, 10:28 AM IST
Golbal Economy Weekahead: Pick-up continues as Greek drama plays on
Athens delayed a key debt payment to the International Monetary Fund on Friday, branding as "absurd" the terms of a proposed aid deal from lenders.
Jun 07, 2015, 16:02 PM IST
Greek PM rejects 'absurd' offer from lenders, delays IMF payment
Tsipras made no mention of elections in an address that focussed on attacking the aid plan offered by euro zone and IMF creditors.
Jun 06, 2015, 08:18 AM IST
Greece ducks Friday deadline by bundling IMF payments
"The Greek authorities have informed the (IMF) today that they plan to bundle the country`s four June payments into one, which is now due on June 30," IMF spokesman Gerry Rice said, citing rules allowing debtor countries to regroup "multiple principal payments falling due in a calendar month."
Jun 05, 2015, 10:34 AM IST
Greece in last-ditch EU talks to break debt deadlock
"It is not a take-it-or-leave-it document but an initiative to accelerate talks as the timing to get a deal in time for the end of the month is getting tight," a European source close to the negotiations told AFP.
Jun 03, 2015, 16:53 PM IST
Greece mixes messages on expectations for deal
With fears that a payment default could trigger a chain of events that could result in a messy exit from the euro, Greek officials have in recent days signalled they are hopeful a deal could be reached by Sunday, although its creditors are more sceptical.
May 29, 2015, 17:41 PM IST
Greece will not make IMF payment on June 5 without a deal: lawmaker
Athens faces several payments totaling about 1.5 bn euros to the IMF next month and it is in talks with the European Union and the International Monetary in order to clinch a cash-for-reforms deal before it runs out of cash.
May 20, 2015, 12:45 PM IST
Greek economy slips back into recession
Greece`s economy contracted by 0.2 percent in the first quarter of this year, preliminary data from the national statistics agency ELSTAT showed Wednesday, pushing the country back into recession.
May 13, 2015, 15:51 PM IST
Eurogroup chairman says more time need for Greece deal
Greece is hoping the meeting will make a "positive statement" on negotiations.
May 08, 2015, 16:54 PM IST
Greece defies euro zone on pension, labour reform
Greece defied its international creditors on Thursday by sticking to "red lines" on pension and labour market reforms and urging lenders to give ground, dimming prospects of progress next week towards securing desperately needed financial aid.
May 07, 2015, 18:25 PM IST
Greece cites progress in talks with EU/IMF lenders, aims for May deal
Prime Minister Alexis Tsipras`s three-month-old government is under growing pressure at home and abroad to reach an agreement with European and IMF lenders over reforms to avert a national bankruptcy.
May 04, 2015, 08:37 AM IST
Greek economy minister sees deal with EU/IMF on reforms next week
Greece should reach a deal with its euro zone partners and the International Monetary Fund next week on a package of reforms, which will help to unlock remaining bailout funds, the country`s economy minister said on Wednesday.
Apr 01, 2015, 17:27 PM IST
Greek reform list yet to take shape as talks with lenders continue
Greece will run out of money by April 20 if it does not secure funding from its European partners.
Mar 30, 2015, 09:36 AM IST
Tokyo shares at 8-year peak, Greek talks loom
Oil prices faded after an early spurt, while the major currencies stayed locked in recent tight ranges.
Feb 16, 2015, 08:39 AM IST
Greece, EU see need for "national reform plan" to fix economy
Greece has agreed with its European partners that there needs to be a "national reform plan" to deal with decades-long issues of the economy, its government spokesman said on Sunday.
Feb 15, 2015, 18:42 PM IST
