Greece and China expose limits of 'whatever it takes'
And as long as the Greek government is at loggerheads with its creditors, the central bank can`t wave a magic wand of monetary support without breaking its own rules.
Jul 08, 2015, 11:53 AM IST
Euro resilient as hopes of Greek aid deal persist
The euro steadied early on Wednesday, having climbed off a five-week trough in line with a rebound in risk assets as the latest emergency meeting of European leaders ended with a sliver of hope still left for Greece.
Jul 08, 2015, 08:16 AM IST
Euro edges lower ahead of euro zone summit on Greece
The euro edged slightly lower in early Asian trading on Tuesday, but remained well off lows touched in the previous session ahead of a euro zone summit that investors hope might offer a way for Greece to climb out of its debt crisis.
Jul 07, 2015, 09:09 AM IST
Greek finance minister Yanis Varoufakis steps down
Varoufakis had last week promised to step down if a ‘yes’ vote came out on top in Sunday’s referendum.
Jul 06, 2015, 11:34 AM IST
Defiant PM rejects Grexit fears as he rallies 'No' vote
Greece's Prime Minister Alexis Tsipras got a rock-star welcome at an Athens rally as he sought to revive support for a "No" vote in a referendum called to strengthen his hand in talks with international creditors.
Jul 04, 2015, 09:06 AM IST
Greece officially in default: eurozone stability fund
The European Financial Stability Facility (EFSF) declared "an event of default by Greece", but added that it had "decided not to request immediate repayment of its loans nor to waive its right to action."
Jul 03, 2015, 18:59 PM IST
How to put the Greek economy on the path of recovery
No matter the solution found for Greece`s debt crisis, fixing problems in Greek tax structures, foreign investment flows and export activity must take place for the economy to start growing again.
Jul 03, 2015, 10:37 AM IST
Greece seeks Eurogroup, ECB support after IMF default
Greece was appealing to its euro zone partners and the European Central Bank on Wednesday to keep it afloat after defaulting on its debt to the International Monetary Fund and losing frozen international bailout money.
Jul 01, 2015, 13:34 PM IST
Eurogroup talks on Greece to continue Wednesday: Athens
"The Eurogroup just finished. We will continue tomorrow morning to allow finance ministers to examine the proposals of the Greek government," the source said.
Jul 01, 2015, 00:19 AM IST
As default looms, Merkel rules out more negotiations with Greece
Merkel said there could be no new negotiations until after a July 5 referendum that Greek Prime Minister Alexis Tsipras has called on an offer made last week by creditors, which Tsipras has told Greek voters to reject.
Jun 30, 2015, 22:58 PM IST
Merkel says won't discuss new Greek request before referendum: Lawmaker
Greece on Tuesday requested a two-year rescue deal with the European Union to save the crisis-hit country, just hours before its international bailout expires.
Jun 30, 2015, 21:26 PM IST
Greece declines to pay IMF loan instalment on Tuesday
The Greek minister made the statement outside the finance ministry in Athens when asked by media about the issue with the critical deadline expiring on Tuesday afternoon.
Jun 30, 2015, 19:03 PM IST
Back to the drachma? Greek lawmaker touches a nerve
But there are a growing number of warnings from Greece`s European partners that a `No` vote in a referendum on Sunday on the terms of a bailout deal would lead to a Greek exit from Europe`s common currency.
Jun 30, 2015, 17:51 PM IST
Obama calls Hollande, discusses Greece debt crisis
US President Barack Obama and his French counterpart Francois Hollande have agreed to combine their efforts to work on a package that will return the financial crisis-hit Greece to the path of recovery.
Jun 30, 2015, 14:31 PM IST
Greece takes a toll on Indian companies with exposure to Europe
Shares of Indian companies with exposure to Europe faced selling pressure on Monday amid worries over the Greek debt crisis.
Jun 29, 2015, 21:17 PM IST
Greek debt sustainable, with new bailout: Creditor analysis
Greek debt will miss debt targets set out by creditors in 2012 but an analysis prepared for euro zone finance ministers shows its debt burden is still sustainable without writing off principal -- if Greece gets another three-year bailout.
Jun 26, 2015, 18:19 PM IST
Europe tells Greece to meet debt deadline or risk `chaos`
The leaders of France and Germany on Friday handed Greek Prime Minister Alexis Tsipras a weekend ultimatum to strike a debt deal with EU-IMF creditors or risk default.
Jun 26, 2015, 16:50 PM IST
No deal for Greece, creditors, top-level talks resume Saturday
Greece failed again to clinch a deal with its international creditors on Thursday, setting up a last-ditch effort on Saturday to avert a default next week or start preparing to protect the euro zone from financial market turmoil.
Jun 26, 2015, 08:36 AM IST
Greece crunch debt talks restart after no late-night deal
Tsipras was due to resume meetings with the heads of the European Commission, International Monetary Fund and European Central Bank -- the "troika" of Greece`s main bailout monitors -- at 0700 GMT.
Jun 25, 2015, 11:15 AM IST
ECB again increases emergency liquidity reserve for Greek banks
The European Central Bank (ECB) again increased emergency liquidity funds for Greece`s banks Monday, according to a Greek bank source who said the ECB may renew the hike "at any time" if necessary.
Jun 22, 2015, 15:58 PM IST
