IMF said Greece needs 'unconditional' debt relief from EU creditors
A new IMF report on Greece`s financial situation said the country needs unconditional debt relief from European Union creditors over the long term to rebuild its financial strength.
May 23, 2016, 23:52 PM IST
`Grexit` fears loom without solid Greek reforms: IMF
Fears that Greece will exit the eurozone, a "Grexit", could revive if Greek authorities do not come up with "credible" reforms, notably on pensions, a senior IMF official said Thursday.
Feb 12, 2016, 05:08 AM IST
International creditors back in Athens to review reforms
Greece's international creditors held talks early Wednesday with Finance Minister Euclid Tsakalotos to review progress on reforms demanded from the debt-ridden government in exchange for bailout funds.
Oct 21, 2015, 21:57 PM IST
Alexis Tsipras to back Greek bailout with Tsakalotos as FM
Greek Prime Minister Alexis Tsipras will reappoint Euclid Tsakalotos as finance minister, a senior source in his leftist Syriza party said on Tuesday, to offer continuity in bailout talks with international lenders.
Sep 22, 2015, 19:04 PM IST
Weary Greeks brace for more economic pain after Tsipras victory
Weary Greece braced for more painful austerity Monday as left-wing prime minister-elect Alexis Tsipras worked on forming a coalition to drive through unpopular reforms agreed with the nation`s international creditors.
Sep 21, 2015, 21:54 PM IST
Greeks want a government and hope to shake off capital controls
Greek elections Sunday may cause little change to its broad economic policy, dictated by the terms of its latest international bailout.
Sep 19, 2015, 15:32 PM IST
Greece raises 1.4 bn euros in six-month treasury bill sale
Greece raised Wednesday 1.137 billion euros ($1.280 billion) in an auction of six-month treasury bills at the same 2.97 percent interest rate it last sold them at last month, the Greek Public Debt Management Agency said.
Sep 02, 2015, 18:49 PM IST
Greek leftists say they would apply bailout but fight to ease pain
The leftist Syriza party of former Prime Minister Alexis Tsipras will challenge Greece`s creditors on unresolved aspects of the nation`s bailout but implement unpopular reforms it has already agreed, it said on Sunday.
Aug 30, 2015, 20:51 PM IST
Greece will tumble back into deep recession in 2015: EU
The Greek economy, which crawled out of a six-year recession only in 2014, will shrink 2.3 percent in 2015 and another 1.3 percent in 2016, the sources said.
Aug 12, 2015, 18:30 PM IST
Greece, creditors fine-tune third bailout
Athens and its creditors were set today to put the finishing touches to a third international bailout agreement aimed at saving Greece's stricken economy from collapse.
Aug 12, 2015, 18:25 PM IST
''Greek economy to be one third smaller than at peak level''
A leading economic think tank on Wednesday forecast that Greece`s GDP will shrink this year by three percent and 2.3 percent next year. Thus it will eventually be nearly a third smaller than it was at its peak.
Aug 05, 2015, 23:19 PM IST
ECB leaves stopgap funding for Greek banks unchanged
The European Central Bank decided Wednesday to leave its emergency credit lifeline for Greece unchanged for the next two weeks, said a source close to the matter who asked not to be identified.
Aug 05, 2015, 21:59 PM IST
Greece in 'final stretch' for deal with creditors: Alexis Tsipras
Greece is in the "final stretch" of talks for a deal with creditors on a new bailout, Prime Minister Alexis Tsipras said Wednesday.
Aug 05, 2015, 18:45 PM IST
Greece loosens capital restrictions on businesses
Greece started loosening restrictions on foreign transfers by businesses on Friday, unblocking imports held up after the country introduced capital controls last month.
Jul 24, 2015, 19:36 PM IST
Greece seeks bailout deal by August 20, sends bill to parliament
The Greek government said Tuesday that it wants to see a final deal on its international bailout hammered out by August 20, as it presented parliament with more draft legislation on the cash-for-reforms agreement.
Jul 21, 2015, 18:13 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
S&P could upgrade Greece "pretty quickly" if deal sticks
Standard and Poor`s could upgrade Greece`s rock bottom credit rating "pretty quickly" if Monday`s plan for a third euro zone bailout in five years looks like holding, the rating agency`s top European sovereign analyst said.
Jul 14, 2015, 00:40 AM IST
Eurozone, Greece agree 86 billion euros bailout deal
Eurozone leaders made Greece surrender much of its sovereignty to outside supervision on Monday in return for agreeing to talks on an 86 billion euros bailout to keep the near-bankrupt country in the single currency.
Jul 13, 2015, 22:03 PM IST
Germany mulls five-year 'temporary' Greece exit plan from Eurozone
Germany has drawn up plans for a temporary five-year Greek exit from the euro if it fails to improve its bailout proposals, a European source told AFP Saturday as eurozone finance ministers met in Brussels.
Jul 11, 2015, 23:05 PM IST
Greece faces 'difficult' talks to stay in eurozone
Eurozone finance chiefs warned that last-ditch talks Saturday on a bailout deal to stop Greece crashing out of the euro would be "extremely difficult", blaming a collapse of trust in the government in Athens.
Jul 11, 2015, 23:00 PM IST
