European stocks rally on hope of Greece deal
Greece`s creditors saw a ray of hope as Prime Minister Alexis Tsipras went into an emergency eurozone summit aimed at finding a deal to save Athens from default and a possible exit from the euro.
Jun 22, 2015, 15:56 PM IST
Greece deal urged as new proposals offered ahead of summit
Greece's new proposals to European leaders ahead of a crunch summit on Monday offered a ray of hope that a deal to end the country's debt crisis can be struck after five months of deadlock.
Jun 22, 2015, 11:52 AM 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
EU welcomes 11th-hour Greek proposals in 'forceps delivery'
It was not immediately clear how far the new proposal yielded to creditors` demands for additional spending cuts and tax hikes, but the offer was a ray of hope that a last-minute deal may yet be wrangled before Athens runs out of cash.
Jun 22, 2015, 08:55 AM IST
Greece offers new proposals ahead of emergency summit
French President Francois Hollande, on a visit to Milan, confirmed Greece had offered new proposals although EU diplomats said no formal written proposal had arrived.
Jun 22, 2015, 08:48 AM IST
Greece mulls next move as clock ticks on debt talks
With its banks hanging on life support from the European Central Bank, and billions of euros being withdrawn daily, Greece may have to impose capital controls within days unless a breakthrough is made at Monday`s summit.
Jun 21, 2015, 09:31 AM IST
Greece says ready to compromise, calls for Merkel decision
Tsipras, who has never hidden his desire that an eventual accord be hashed out between political leaders rather than by negotiating teams of technical advisers will find his European peers waiting expectantly for breakthrough proposals at Monday`s emergency summit.
Jun 20, 2015, 23:29 PM IST
ECB raises emergency liquidity for Greek banks: bank source
The European Central Bank on Friday raised the level of emergency funding for Greek banks by an unspecified amount following a request from the Bank of Greece, a bank source said.
Jun 19, 2015, 18:39 PM IST
ECB to hold emergency meeting on Greek bank funding
The request comes just days after the ECB approved a 1.1-billion-euro increase in the ELA ceiling to 84.1 billion euros.
Jun 19, 2015, 12:33 PM IST
Germany's Merkel convinced Greek deal possible
With eurozone finance ministers holding out little hope of an agreement as they gathered in Luxembourg, Merkel insisted that she wanted to keep Greece in the single currency.
Jun 18, 2015, 15:40 PM IST
Greek PM sticks to hard line as contagion hits euro zone bonds
Yields on bonds issued by other vulnerable euro zone states leapt in one of the most aggressive episodes of contagion since the height of Europe`s debt crisis in 2012.
Jun 16, 2015, 17:11 PM IST
Asian markets subdued on Greek default fears, Fed meeting awaited
MSCI`s broadest index of Asia-Pacific shares outside Japan stood unchanged. Japan`s Nikkei lost 0.3 percent while Australian shares were little changed.
Jun 16, 2015, 08:10 AM IST
Eurozone looks at 'worst case' Greek default scenario
The Athens stock market dropped 6 percent after it emerged that senior eurozone officials meeting in Bratislava on Thursday had war-gamed "worst case" scenarios of Greece not being able to pay its bills.
Jun 12, 2015, 22:04 PM IST
Merkel urges Greece and creditors to keep pushing for deal
German Chancellor Angela Merkel urged Greece and its creditors on Friday to keep pushing for a cash-for-reforms deal after Brussels negotiations hit stalemate, as European leaders heaped pressure on Athens to give ground.
Jun 12, 2015, 17:10 PM IST
IMF says no progress in Greece talks, deal far off
Hours after Greek Prime Minister Alexis Tsipras held talks with Germany`s Chancellor Angela Merkel and France`s President Francois Hollande on a possible new bail-out, the IMF said major differences had not been bridged.
Jun 11, 2015, 21:57 PM IST
Greece insolvency risk increasing daily: Bundesbank chief
"There is a strong determination to help Greece ... But time is running out, and the risk of insolvency is increasing by the day," Bundesbank chief Jens Weidmann told a London investment seminar as Greece and its European partners intensify efforts for a bailout deal to prevent Athens from defaulting.
Jun 11, 2015, 15:21 PM IST
Merkel and Hollande to tell Tsipras to reach terms with creditors
The leaders of Germany, France and the European Commission told Greece on Wednesday it must reach a deal with its creditors and stop seeking softer terms in a political fix to unlock desperately needed funds.
Jun 11, 2015, 08:54 AM IST
Greek leader seeks party backing as EU warns on cash deal hopes
Greek Prime Minister Alexis Tsipras called on his fractious Syriza party to rally behind the government on Tuesday as time runs critically short to unlock funding from international lenders and avert a debt default.
Jun 10, 2015, 08:58 AM IST
No Greek deal would be beginning of the end for eurozone: Tsipras
The Greek Prime Minister said failure to reach a deal to rescue Greece from a looming default would be the "beginning of the end" for the eurozone, an Italian daily reported Tuesday.
Jun 09, 2015, 14:35 PM IST
Obama tells Greeks it's time to make tough decisions
Obama said yesterday after a meeting with fellow G7 leaders that there is a "sense of urgency in finding a path to resolve the situation."
Jun 09, 2015, 09:56 AM IST
