Greece postpones IMF payment; snap elections possible
Greece delayed repayment of an IMF loan on Friday and a deputy minister said the government might call snap elections if its creditors do not soften their terms, an option that an opinion poll showed four of ten Greeks support.
Jun 05, 2015, 19:03 PM IST
Europe shares set for worst week of 2015
The pan-European FTSEurofirst 300 index was down 1.2 percent by 1057 GMT as euro zone bond yields rose, especially on the bloc`s periphery, while the euro consolidated this week`s hefty gains.
Jun 05, 2015, 17:22 PM IST
Eurogroup chief says 'not enough' progress in Greek debt talks
Eurogroup chief Jeroen Dijsselbloem on Tuesday said he was unimpressed with the progress made in debt talks with Greece, after Athens claimed to have submitted a "realistic" plan to its creditors.
Jun 02, 2015, 21:19 PM IST
Greece, creditors agree on need for quick deal as talks continue
Athens and its euro zone and International Monetary Fund (IMF) creditors have been locked in talks for months on a reforms agreement. Without a deal, Athens risks default or bankruptcy in weeks.
Jun 01, 2015, 09:53 AM IST
Greek leader discusses bailout deal with Hollande, Merkel
The 35-minute call with French President Francois Hollande and German Chancellor Angela Merkel on Sunday "went very well," and it was agreed that a deal must be completed very soon, the officials said.
Jun 01, 2015, 08:49 AM IST
Crunch time for Greece, US and Chinese data in focus
Years of uncertainty and economic pain spent keeping Greece in the euro zone boils down in June to a handful of make-or-break debt repayments, while a raft of key data in the next few days will point to the progress of the global economy.
May 31, 2015, 15:01 PM IST
Euro lower on Greek worries
The common European currency fell to $1.0937 and 133.15 yen in Tokyo trade from $1.0980 and 133.60 yen Monday.
May 26, 2015, 08:12 AM IST
Merkel, Tsipras, Hollande focussed on Greece completing current bailout
German Chancellor Angela Merkel and French President Francois Hollande held "friendly and constructive" talks with Greek Prime Minister Alexis Tsipras that focussed on Athens` completing its current bailout, a German government spokesman said on Friday.
May 22, 2015, 09:12 AM IST
Greece says must strike debt deal in May as money runs low
Despite its precarious position, Athens said it would not abandon its "red lines" in talks with the International Monetary Fund and euro zone partners.
May 19, 2015, 00:33 AM IST
Fitch keeps Greece`s high-risk rating as default looms
Fitch Ratings affirmed the "CCC" rating it gave the debt-riddled eurozone country in late March in a two-notch downgrade from "B."
May 16, 2015, 04:01 AM IST
Greece risks deep recession if talks with creditors fail: EBRD
Greece would likely fall back into a major recession, the size and duration of which are difficult to quantify now.
May 14, 2015, 15:14 PM IST
Greece resorts to emergency account to repay IMF debt
Greece was forced to tap into an emergency account in order to meet a debt repayment of 750 million euros ($845 million) due Tuesday to the International Monetary Fund, a central bank source told AFP.
May 12, 2015, 16:48 PM IST
Euro turns up as Greek bailout talks drag on
Athens managed to garner enough money to repay the International Monetary Fund 750 million euros and avoid a default, keeping it from tumbling out of the eurozone for now.
May 12, 2015, 08:58 AM IST
Greece seeks eurozone backing for reforms
French Finance Minister Michel Sapin said on his way to Brussels that the talks "must show there is movement, but that more work is needed."
May 11, 2015, 16:08 PM IST
Greece to plead leeway as IMF cash crunch looms
The eurozone`s 19 ministers meet in Brussels one day before Greece must pay a 750 million euro debt bill to the IMF that some fear the Mediterranean nation cannot afford.
May 11, 2015, 09:49 AM IST
EU slashes Greece growth outlook
The EU on Tuesday sharply slashed its growth outlook for Greece this year due to its ongoing battle with its international creditors, dampening an otherwise improved outlook for the eurozone.
May 05, 2015, 15:28 PM IST
Greece told to move `urgently` on detailed debt plan
Greece was told Saturday to urgently deliver a detailed fiscal and debt plan to official lenders as the IMF-World Bank spring meetings wound up amid escalating worries of a looming default.
Apr 19, 2015, 04:33 AM IST
US Treasury secretary urges Greece to reach debt deal
Global finance officials are urging Greece to reach a deal with its creditors and avoid a catastrophic default that would stagger a world economy still emerging from recession.
Apr 19, 2015, 02:06 AM IST
US: Greek deal failure would spur economic uncertainty
US Treasury Secretary Jacob Lew warned Friday that the European and global economies could face uncertainty if EU negotiations on more financing for Greece fail.
Apr 18, 2015, 03:23 AM IST
No cash for Greece until reforms agreed: Dombrovskis
Despite tightening liquidity, Greece is unlikely to get any money from euro zone finance ministers at an April 24 meeting because it is dragging its feet on reforms, European Commission Vice President Valdis Dombrovskis said on Friday.
Apr 18, 2015, 03:06 AM IST
