Greece bailout extension backed by eurozone
Eurozone finance ministers backed a four-month extension to Greece`s financial lifeline Tuesday after approving a list of reforms demanded by creditors to keep the country afloat and in the single currency.
Feb 24, 2015, 23:59 PM IST
Greece delivers `comprehensive` reforms list
Greece delivered to Brussels on Tuesday a delayed but what it called "very comprehensive" list of reforms that Athens hopes will secure a four-month extension to its financial lifeline.
Feb 24, 2015, 14:52 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
Gold near seven-week low on Greek debt deal, China holiday
Spot gold was little changed at $1,202.10 an ounce by 0225 GMT, after dropping to $1,197.95 in the previous session as safe-haven bids receded. The metal recorded its fourth straight weekly decline on Friday.
Feb 23, 2015, 10:12 AM IST
Greece says reaches draft accord with euro zone creditors on loan
Euro zone finance ministers drafted an outline agreement on Friday that could form the basis for extending Greece`s financial rescue package, officials on both sides said.
Feb 21, 2015, 00:03 AM IST
Greek PM confident on extension, calls for "historic" political decision
Greek Prime Minister Alexis Tsipras told Reuters on Friday he is "certain" his government`s request for a six-month loan extension would be accepted despite Berlin`s objections and called for a "historic political decision" to seal a deal.
Feb 20, 2015, 17:57 PM IST
Germany holds up Greek bid for euro zone loan extension
Germany rejected a Greek proposal for a six-month extension to its euro zone loan agreement on Thursday, saying it was "not a substantial solution" because it did not commit Athens to stick to the conditions of its international bailout.
Feb 19, 2015, 23:32 PM IST
ECB would like Greece to impose capital controls: Report
European central bankers would like Greece to impose capital controls to stop the banking sector from hemorrhaging funds, a German newspaper reported Thursday, but the ECB denied any official discussions or proposals.
Feb 19, 2015, 16:21 PM IST
Greece to run out of cash by end-March without new aid: Source
Greece will be able to repay a 1.5 billion euro loan from the International Monetary Fund that falls due in mid-March.
Feb 18, 2015, 23:39 PM IST
Greece eyes EU loan deal without painful bailout duties
Greece will ask to extend its European loan agreement without signing up to the loathed duties of a full-blown bailout, its finance minister said Tuesday, as Brussels pressures Athens for a deal.
Feb 18, 2015, 09:12 AM IST
Greece will not compromise with eurozone: Alexis Tsipras
A combative Greek Prime Minister Alexis Tsipras said on Tuesday his government would not succumb to blackmail from its euro zone partners and was in no hurry to reach a new debt agreement.
Feb 17, 2015, 22:08 PM IST
Greece rejects 'blackmail' in eurozone debt deal row
Europe and Greece are racing to come to an agreement and avoid a catastrophic Greek exit from the eurozone, after talks ended bitterly on Monday with both sides digging into their positions.
Feb 17, 2015, 21:58 PM IST
Greeks in fighting mood warn EU of price to pay if bailout fails
In the streets of Athens, Greeks are clinging to hope of a bailout deal after a dramatic stand-off with Brussels, but warn they would not be the only ones to pay the price of failure.
Feb 17, 2015, 19:20 PM IST
Greece `will not accept ultimatums` in EU talks
Greece "will not accept ultimatums" in last-ditch EU talks over the future of its reforms and cash support, a government source said Tuesday.
Feb 17, 2015, 17:34 PM IST
Greece in race to reach eurozone debt deal
Greece and Europe raced to scrape together a last minute debt deal for Athens on Tuesday and avoid a catastrophic Greek exit from the eurozone a day after talks ended bitterly.
Feb 17, 2015, 17:33 PM IST
Greece, eurozone in high-stakes debt stand-off
Greece and its sceptical eurozone partners traded barbs Monday over rewriting the country`s massive bailout programme, deepening a bitter stand-off ahead of a make-or-break meeting in Brussels.
Feb 16, 2015, 19:50 PM IST
Greek PM says `confident` about eurozone talks: report
Prime Minister Alexis Tsipras said he was "confident" about progress in renegotiating Greece`s debt at a crucial eurozone meeting on Monday, in an interview with German media.
Feb 15, 2015, 19:58 PM IST
Nikkei closes at highest level in 7-1/2 years
The Nikkei benchmark gained 1.9 percent to 17,979.72, the highest closing level since July 2007.
Feb 12, 2015, 12:25 PM IST
Gold ticks up from five-week low as Greek debt drama unfolds
Spot gold fell to $1,216.45 an ounce, its lowest since Jan. 9, before recovering to trade up 0.1 percent at $1,220 by 0326 GMT.
Feb 12, 2015, 10:28 AM IST
Greece debt talks should be within framework of existing programme: EU
Talks with Greece over its debt crisis should take place within the framework of its existing economic bailout programme, the EU's economic and financial affairs commissioner Pierre Moscovici said.
Feb 11, 2015, 01:58 AM IST
