Greece, creditors say still no deal ahead of eurozone meeting
Greece and its EU-IMF creditors prepared to submit rival proposals to end a five-month debt row, indicating there was still no deal ahead of a meeting of eurozone finance ministers on Thursday, sources said.
Jun 25, 2015, 16:47 PM IST
IMF boss Lagarde says ready to 'consider' 2nd term
Christine Lagarde has said she is ready to consider a second term as head of the International Monetary Fund in an interview with a French magazine to be published Thursday.
Jun 24, 2015, 22:37 PM 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
Greek PM summoned to Brussels for debt deal talks
Greek Prime Minister Alexis Tsipras was summoned to Brussels for a decisive meeting with key EU-IMF creditors Wednesday as eurozone finance ministers try to finalise a debt deal and avoid a default by Athens.
Jun 24, 2015, 15:15 PM IST
Greece in `final stretch` of talks: Varoufakis
Crisis-hit Greece is in the "final stretch" of negotiations with creditors and could reach agreement shortly, Finance Minister Yanis Varoufakis indicated Wednesday.
Jun 24, 2015, 15:13 PM IST
Greek debt countdown to June 30
Greece along with its eurozone peers and creditors have just one week from Tuesday to nail down the detailed debt deal needed to keep the country afloat and safely in the single currency bloc.
Jun 23, 2015, 17:16 PM IST
Greece offer lifts hopes for debt deal this week
Greece`s international lenders raised hopes for a desperately needed bailout agreement this week to save Athens from default and a possible euro exit, despite failing to reach a deal at crucial talks on Monday.
Jun 22, 2015, 21:53 PM IST
Greek banks `cannot afford` no deal: Eurobank chief
Greek banks "cannot afford" the current uncertainty, the chairman of one of Greece`s biggest lenders said on Monday, warning that failure to reach an agreement with creditors would be "disastrous".
Jun 22, 2015, 21:51 PM IST
Eurozone welcomes new Greek debt proposals, more work to do
Eurozone finance ministers welcomed new Greek proposals for a cash-for-reform deal on Monday but said they required detailed study and it would take several days to determine whether they can lead to an agreement to avert a default.
Jun 22, 2015, 19:54 PM IST
Greece's proposals target VAT, retirement, taxes: Reports
Greece`s latest proposals to reach a debt deal with its creditors are focused on VAT rates, early retirement measures and tax increases, which aim to cover a good part of the country`s budgetary gap, Greek press reported Monday.
Jun 22, 2015, 18:43 PM IST
EU`s Tusk calls eurozone summit on Greece on Monday
EU President Donald Tusk called an emergency summit of the eurozone`s national leaders on Monday in a bid to solve the Greek debt crisis after finance ministers` talks ended without a breakthrough.
Jun 19, 2015, 00:26 AM IST
Greece, creditors 'must find solutions that do not expand poverty': Austria
Greece and its creditors must reach a loan agreement that does not deepen poverty in the recession-hit country, the Austrian chancellor said on Wednesday as the critical talks appeared to have hit a wall.
Jun 17, 2015, 19:06 PM IST
Gold under pressure ahead of Fed as dollar firms
The lack of sustainable safe-haven bids from the ongoing Greek debt crisis also dragged on prices.
Jun 17, 2015, 08:37 AM IST
Greeks seek debt relief as EU steps up warnings
Greek negotiators were expected to press the country`s international creditors for debt relief on Sunday as Europe stepped up pressure on Athens to offer major concessions on austerity and reform or face dire consequences.
Jun 14, 2015, 18:03 PM IST
Greece delivers reform plan to EU, warns on cost of failure
Greece handed its creditors new proposals on unlocking funds to keep the country from default, with Prime Minister Alexis Tsipras offering hope for a deal and warning the cost of failure would be enormous.
Jun 09, 2015, 16:59 PM IST
Greece`s Varoufakis says it`s time to reach a debt deal
Greece`s finance minister said on Monday it was time the finger-pointing in debt talks with its EU-IMF creditors stopped and that both sides "come to an agreement".
Jun 08, 2015, 22:51 PM IST
Obama tells Greeks it`s time to make tough decisions
US President Barack Obama weighed in Monday on the Greece crisis, telling Greeks they need to make tough choices to save the country from a default and possible messy euro exit.
Jun 08, 2015, 22:01 PM IST
Greece, EU to continue talks as debt payment looms
Greece and the EU said Thursday talks would continue towards a deal on disputed reforms needed to unlock bailout loans as Athens began to feel the heat of a wave of June debt repayments.
Jun 04, 2015, 21:58 PM IST
Creditors` proposal, not Greek plan, basis for talks: Germany
Germany said Wednesday that talks this week on a deal to prevent a Greek debt default would be based on a proposal put forward by creditors, not by Athens.
Jun 03, 2015, 21:15 PM IST
ECB holds rates steady as Greece debt deadline looms
The European Central Bank held its key interest rates steady, as expected, on Wednesday, but investors were listening for what ECB chief Mario Draghi had to say about Greece.
Jun 03, 2015, 20:50 PM IST
