Greek bailout

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

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

Defiant Greek PM Alexis Tsipras vows referendum will go ahead

Greek Prime Minister Alexis Tsipras vowed Wednesday to go ahead with a controversial bailout referendum despite pressure from European leaders as they declined to consider any fresh debt offer before Sunday`s vote.

Jul 02, 2015, 03:42 AM IST

Merkel says Germany won't negotiate new deal with Greece before referendum

She said that this applied regardless of whether new offers were made on Tuesday, suggesting it was now too late to vet them. Merkel placed the blame on the Greek government for allowing its bailout programme to expire tonight.

Jun 30, 2015, 23:59 PM IST

Some 17,000 anti-bailout demonstrators rally in Greece

Some 17,000 people took to the streets of Athens and Thessaloniki on Monday to say `No` in an upcoming referendum on the latest bailout proposals, accusing Greece`s international creditors of blackmail.

Jun 30, 2015, 01:47 AM IST

`Plan B` looms after Greece and Europe fall out

With Greece`s creditors refusing to extend its bailout, attention has turned swiftly to preventing massive capital flight as worried Greek citizens pull cash from ATMs.

Jun 28, 2015, 05:07 AM IST

Greece on the brink after Europe refuses bailout

Greece hurtled closer to the catastrophic possibility of a euro exit Saturday after Europe responded to the government`s call for a referendum by refusing to extend Athens`s desperately needed bailout.

Jun 28, 2015, 02:42 AM IST

Euro slips ahead of crunch weekend in Greece crisis

The euro edged lower Friday ahead of a make-or-break weekend for Greece, with the country under warning to accept the new deal from creditors or be left to default on its debts.

Jun 27, 2015, 07:25 AM IST

Debt relief key as Greek bailout talks near deadline

A deal between Greece and its international creditors is being held up by a standoff over the central issue of debt relief, Economy Minister George Stathakis said on Wednesday, ahead of meetings in Brussels aimed at clinching an accord.

Jun 24, 2015, 17:25 PM IST

Euro rises on hopes for Greek debt deal

The single currency climbed to $1.1396 and 139.87 yen in Tokyo from $1.1349 and 139.23 yen in New York late Friday. The dollar fetched 122.73 yen against 122.69 yen in US trade.

Jun 22, 2015, 11:05 AM IST

Euro turns up as Greek bailout talks drag on

Athens managed to garner enough money to repay the International Monetary Fund 750 million euros and avoid a default, keeping it from tumbling out of the eurozone for now.

May 12, 2015, 08:58 AM IST

EU`s Juncker says not enough progress on Greece bailout

EU Commission chief Jean-Claude Juncker complained Friday about a lack of progress in talks on Greece`s bailout, but insisted there was no chance of a failure that could drive the country out of the eurozone.

Mar 13, 2015, 15:21 PM IST

EU focused on current Greek bailout: Angela Merkel

German Chancellor Angela Merkel said Wednesday that the EU was focused on completing Greece`s current bailout, playing down any talk of a third rescue package for debt-hit Athens.

Mar 04, 2015, 21:23 PM IST

German parliament approve Greek bailout extension

Germany`s parliament approved an extension of Greece`s bailout on Friday after Finance Minister Wolfgang Schaeuble, who has voiced doubts about whether Athens can be trusted, promised he would not let Greece "blackmail" its euro zone partners.

Feb 27, 2015, 17:59 PM IST

Schaeuble urges German lawmakers to extend Greek bailout

German Finance Minister Wolfgang Schaeuble urged parliament on Friday to take what he acknowledged was a difficult decision and approve an extension of Greece`s bailout.

Feb 27, 2015, 14:47 PM IST

Greece to send reform list to EU Tuesday, misses Monday deadline

Greece will submit a list of reforms to the Eurogroup of euro zone finance ministers on Tuesday morning, a Greek government official said on Monday.

Feb 24, 2015, 00:16 AM IST

Greek bailout jitters push stock markets off highs

World stocks eased off five-month highs on Friday and the euro fell before a European finance ministers` meeting that could potentially cut Greece adrift and set it on the path to exiting the euro zone.

Feb 20, 2015, 15:26 PM IST

Greece to present creditors with proposal, Germany skeptical

Germany, the main European creditor, was quick to say it was deeply skeptical, while the European Commission said it would like to see precisely what the proposal entailed.

Feb 18, 2015, 22:15 PM IST

Greek PM Alexis Tsipras easily wins confidence vote, EU showdown looms

Greek Prime Minister Alexis Tsipras comfortably won a confidence vote on his plan to cancel a deeply unpopular bailout programme and challenge European leaders as both sides prepare for a showdown at meetings in Brussels this week.

Feb 11, 2015, 07:06 AM IST