Greece Sinking Economy

'Yes' camp takes slim lead in Greek bailout referendum poll

Supporters of Greece`s bailout terms have taken a wafer-thin lead over the "No" vote backed by the leftist government, 48 hours before a referendum that may determine the country`s future in the euro zone, a poll showed.

Jul 03, 2015, 12:38 PM IST

Greek PM says accepts creditor terms but with conditions: EU sources

Greek Prime Minister Alexis Tsipras has written to creditors saying he is ready to accept bailout terms but has insisted on several further conditions, European sources said Wednesday.

Jul 01, 2015, 18:32 PM IST

Euro zone to discuss handling Greek defaut if no new proposals: Sources

Euro zone finance ministers will discuss how to hand a looming Greek default at a meeting on Monday unless Athens submits new proposals in the loans-for-reforms talks, EU officials said.

Jun 19, 2015, 22:52 PM IST

ECB boosts emergency funding as Greek banks bleed, Tsipras calm

The European Central Bank expanded emergency funding for Greek banks as savers pulled out 1.2 billion euros in a single day on Friday, bankers said, but Prime Minister Alexis Tsipras insisted the nation`s future in the euro was secure.

Jun 19, 2015, 22:02 PM IST

Greece gets temporary lifeline for banks amid uncertainty

Greece got a temporary lifeline for its banks today to help them cope with a deposit drain in the run-up to a summit of the eurozone's 19 leaders that could determine the country's future in the euro.

Jun 19, 2015, 20:28 PM IST

Greek, Ukraine crises loom over G7 summit

Greece`s bailout agreement with its creditors expires at the end of June. Should Athens miss its loan payments and default, many fear this would set off a chain of events that could lead to a messy Greek exit from the euro.

Jun 07, 2015, 17:41 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

Greece in last-ditch EU talks to break debt deadlock

"It is not a take-it-or-leave-it document but an initiative to accelerate talks as the timing to get a deal in time for the end of the month is getting tight," a European source close to the negotiations told AFP.

Jun 03, 2015, 16:53 PM IST

Greece mixes messages on expectations for deal

With fears that a payment default could trigger a chain of events that could result in a messy exit from the euro, Greek officials have in recent days signalled they are hopeful a deal could be reached by Sunday, although its creditors are more sceptical.

May 29, 2015, 17:41 PM IST

Greece signals concessions in crunch talks with lenders

Greece wants an interim deal by next week, hoping this will allow the ECB to ease liquidity restrictions before a 750 million euro payment to the IMF falls due on May 12. Athens has suggested it will struggle to pay the instalment.

May 01, 2015, 15:37 PM IST