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
Greece ducks Friday deadline by bundling IMF payments
"The Greek authorities have informed the (IMF) today that they plan to bundle the country`s four June payments into one, which is now due on June 30," IMF spokesman Gerry Rice said, citing rules allowing debtor countries to regroup "multiple principal payments falling due in a calendar month."
Jun 05, 2015, 10:34 AM IST
