Irish finance minister Michael Noonan

Greek banks would have collapsed in days without deal - Irish finance minister

Greece`s banking system would have collapsed within days had Athens not compromised significantly and struck a funding agreement with euro zone ministers, Irish Finance Minister Michael Noonan said on Saturday.

Feb 21, 2015, 21:39 PM IST

Tsipras declares victory as Greece dodges financial collapse

Greek Prime Minister Alexis Tsipras declared victory on Saturday after agreeing a last-minute conditional financial rescue deal with Europe, despite making big concessions to avert financial collapse within days.

Feb 21, 2015, 21:21 PM IST