Greece mixes defiance, compromise as lending deal slips away
Greece on Thursday sounded a mix of defiance and willingness to compromise with its international creditors on reforms required to unlock more loans, as it faces running out of money ahead of debt repayments next month.
Apr 17, 2015, 06:37 AM IST
Greek finance minister says cannot sign existing loan deal
Greece cannot simply sign up for an existing agreement on its debt that will not solve its economic problems, Finance Minister Yanis Varoufakis said on the sidelines of the International Monetary Fund meetings on Thursday.
Apr 17, 2015, 04:03 AM IST
IMF's Lagarde says Greece should not delay payments
The head of the International Monetary Fund on Thursday signalled that the IMF would not agree to let Greece delay a scheduled bailout payment, saying the Fund needed to protect its sterling reputation as a global lender.
Apr 17, 2015, 04:02 AM IST
Greece may have blown best hope of debt deal
Prime Minister Alexis Tsipras` leftist-led government has so thoroughly shattered creditors` trust that solutions which might have been on offer a few weeks ago now seem out of reach.
Apr 13, 2015, 16:17 PM IST
Euro zone sets Greece reform deadline ahead of IMF repayment
EU officials said Athens made an urgent plea for cash at a meeting of deputy finance ministers in Brussels on Wednesday night but was told there must first be progress on the stalled list of measures to make its public finances sustainable.
Apr 09, 2015, 17:53 PM IST
Greece needs deal with lenders on April 24 finance minister to paper
"At the Eurogroup (meeting) of April 24 there must be a preliminary conclusion (of the talks), as per the Eurogroup accord on Feb. 20," Yanis Varoufakis told daily Naftemporiki.
Apr 06, 2015, 18:31 PM IST
EU warns Greece reform push 'not there yet'
"We`re not there yet," European Commission spokesman Margaritis Schinas told reporters when asked about the progress of the talks.
Mar 30, 2015, 19:07 PM IST
EU deal on reforms, loans next week: Greek minister
Greece`s economy minister on Thursday said the country would next week reach a long-awaited accord with its creditors providing funds vital to avert a state default.
Mar 26, 2015, 17:21 PM IST
Merkel rules out Greece breakthrough at EU summit
German Chancellor Angela Merkel squashed hopes of a breakthrough on Greece`s debt troubles at a European summit in Brussels on Thursday despite pleas from Athens for bold action to end the crisis.
Mar 19, 2015, 22:26 PM IST
Greek economy contracts more than first thought: Official data
Greece`s troubled economy contracted by 0.4 percent in the fourth quarter of 2014 instead of the 0.2-percent figure given earlier this month, the state statistics agency said on Friday.
Feb 27, 2015, 18:08 PM IST
Tensions with Germany over 'greedy' Greece's debt
Tensions emerged Thursday between Greece and Germany as attention turned to Athens`s huge debt pile two days after the stricken eurozone country secured an extension of its bailout.
Feb 26, 2015, 19:29 PM IST
Greece in tough climbdown on radical debt promises
Greece`s radical left government was at pains Saturday to put a positive face on an EU compromise deal that is sharply at odds with its anti-austerity ambitions.
Feb 21, 2015, 15:30 PM IST
Greece to present creditors with proposal, Germany skeptical
Germany, the main European creditor, was quick to say it was deeply skeptical, while the European Commission said it would like to see precisely what the proposal entailed.
Feb 18, 2015, 22:15 PM IST
Greece `blinks first` on bailout crisis but Germany stands its ground
Athens will send a letter to Jeroen Dijsselbloem, the head of the Eurogroup, requesting an extension on its European loan agreement while sidestepping the duties of a full-blown bailout, Greek public television said.
Feb 18, 2015, 18:05 PM IST
Oil tops $60 for first time in 2015
The price of Brent crude collapsed from $115 in June to $45.19, the lowest in almost six years, in January due to oversupply.
Feb 13, 2015, 18:06 PM IST
Greece refuses to bow to German pressure, no bailout extension: PM
Greece`s prime minister Alexis Tsipras said Tuesday that the country "cannot return to an age of bailouts and suppression," ahead of critical talks with Athens`s EU creditors.
Feb 11, 2015, 05:04 AM IST
Waiting for 'sustainable proposal' from Greece: Angela Merkel
German Chancellor Angela Merkel said Monday that Athens needs to present a "sustainable" plan as eurozone finance ministers prepare to meet later this week on the Greek debt crisis.
Feb 10, 2015, 01:11 AM IST
Bond raters S&P, Moody`s step up pressure on Greece
The top credit rating agencies piled more pressure Friday on Greece as the country scrambles to negotiate a new debt deal with its European creditors.
Feb 07, 2015, 04:57 AM IST
Standard & Poor`s downgrades Greece to just above default vulnerable
Standard and Poor`s downgraded Greece`s credit rating on Friday to B-, just one notch above the range indicating vulnerability to a default, warning Athens had limited time to reach a deal on its massive debts with creditors.
Feb 07, 2015, 00:55 AM IST
Greek finance minister met with 'scepticism' in Berlin talks
Greece's finance minister has faced criticism and a stern reminder of his commitments to his EU partners as he met his tough-talking German counterpart for the first time to ask for debt forgiveness.
Feb 06, 2015, 04:36 AM IST
