Greek leftists say they would apply bailout but fight to ease pain
The leftist Syriza party of former Prime Minister Alexis Tsipras will challenge Greece`s creditors on unresolved aspects of the nation`s bailout but implement unpopular reforms it has already agreed, it said on Sunday.
Aug 30, 2015, 20:51 PM IST
Greek economy grew by 0.9% in Q2
Greece`s economy grew by 0.9 percent in the second quarter, official date showed Friday, improving on the 0.8 percent figure reported in a flash estimate earlier in August.
Aug 28, 2015, 15:48 PM IST
Greek privatisations to go ahead: outgoing economy minister
"The agreed arrangements have been agreed and will be applied," Georges Stathakis told reporters in answer to a question on the planned privatisation of Piraeus port, the national railway company and a string of other ports and airports.
Aug 26, 2015, 21:39 PM IST
Greece repays ECB as snap poll pressure rises
Greece repaid a huge slice of debt to the ECB on Thursday, effectively starting its third mammoth bailout, as deepening political rifts in Athens put pressure on Prime Minister Alexis Tsipras to call snap elections.
Aug 20, 2015, 21:00 PM IST
Greece to receive 23 bn euro cash injection ahead of key repayment
Greece is set to receive the first instalment of its third multi-billion-euro bailout Thursday, just as a key repayment to the European Central Bank falls due.
Aug 20, 2015, 09:56 AM IST
Eurozone approves first tranche of Greek bailout funds
Eurozone finance ministers on Wednesday formally approved the first tranche of a new 86 billion euro ($95-billion) bailout for Greece after parliaments in member states backed the move.
Aug 19, 2015, 23:52 PM IST
German parliament backs Greek bailout with large majority
The German parliament voted by an overwhelming majority Wednesday to back a third bailout for Greece, with Chancellor Angela Merkel spared a major rebellion of deputies opposing the aid.
Aug 19, 2015, 17:27 PM IST
Merkel girds for right-wing revolt in Greece bailout vote
Approval of the latest 86 billion euro ($95 billion) emergency rescue plan for Athens is seen as assured given the 504 seats Merkel`s left-right "grand coalition" holds in the 631-seat Bundestag lower house.
Aug 19, 2015, 11:17 AM IST
ECB cuts funding for Greek banks as liquidity improves
The European Central Bank cut emergency liquidity assistance (ELA) for Greek banks on Tuesday, in line with a request from Athens, several sources said, a positive sign that lenders are stabilising their operations and building cash reserves.
Aug 19, 2015, 00:18 AM IST
Greek government slightly eases capital controls
The Greek government on Tuesday revealed it was easing slightly the capital controls imposed on the debt-hit country by allowing individuals to transfer 500 euros ($550) per month abroad.
Aug 19, 2015, 00:16 AM IST
Spanish parliament to approve new Greece bailout
Spanish lawmakers were Tuesday to approve Greece`s third international bailout, which Prime Minister Mariano Rajoy decided to put to a vote in parliament ahead of a year-end general election.
Aug 18, 2015, 18:15 PM IST
Greek bailout: German lawmakers debate as Merkel faces rebellion
German lawmakers broke off their holidays on Tuesday to debate Greece`s third bailout plan before approving it, though Chancellor Angela Merkel faces a rebellion in a vote shaping up as her last chance to keep Athens in the eurozone.
Aug 18, 2015, 17:40 PM IST
Greece approves deal for German firm to run 14 regional airports
The Greek government on Tuesday approved a 1.23 billion euro ($1.36 billion) deal for Germany’s Fraport-Slentel consortium to run 14 regional airports, publishing the decision in its official gazette.
Aug 18, 2015, 17:00 PM IST
Germany praises Greek stance shift in debt talks
Germany`s hardline finance minister Wolfgang Schaeuble on Sunday hailed a change in tone in talks with Greece over its next bailout but warned Europe would closely monitor the pace of reforms in Athens.
Aug 16, 2015, 19:45 PM IST
Eurozone ministers approve Greek bailout deal
Eurogroup President Jeroen Dijsselbloem said late Friday that the finance ministers` meeting on Greece turned out "positive" and Greece is expected to get a new loan worth up to $95 bn.
Aug 15, 2015, 02:50 AM IST
Greek lawmakers back 3rd bailout after all-night debate
Greek lawmakers approved their country's draft third bailout in a parliamentary vote on Friday that relied on opposition party support and saw the government coalition suffer significant dissent.
Aug 14, 2015, 15:43 PM IST
Greece`s Tsipras: Bridging loan would be a `return to crisis without end`
Greek Prime Minister Alexis Tsipras warned Friday that a German proposal to give his debt-ridden country a bridging loan rather than agree a new bailout would be "a return to a crisis without end".
Aug 14, 2015, 13:07 PM IST
Greek lawmakers debate third bailout deal
Greek lawmakers were preparing to vote Friday on the terms of the country`s third international bailout since 2010, a deal which has split the ruling radical left Syriza party and met with a wary response in Berlin.
Aug 14, 2015, 07:19 AM IST
Greek economy grew 0.8% in Q2, averted recession in Q1
The figures showed second quarter growth up 1.4 per cent compared to the same period the previous year.
Aug 13, 2015, 19:01 PM IST
Greece bailout deal `will not work`: Varoufakis
Greece`s former finance minister Yanis Varoufakis on Wednesday warned that the latest bailout deal was doomed to fail despite Prime Minister Alexis Tsipras saying he was "confident" of ending economic uncertainty.
Aug 12, 2015, 23:55 PM IST
