Alexis Tsipras confident of Greece bailout deal backing
Greek Prime Minister Alexis Tsipras said Wednesday he was confident that international creditors would back a framework bailout deal now being scrutinised by EU states and set for a parliamentary vote in Athens.
Aug 12, 2015, 23:12 PM IST
Greece will tumble back into deep recession in 2015: EU
The Greek economy, which crawled out of a six-year recession only in 2014, will shrink 2.3 percent in 2015 and another 1.3 percent in 2016, the sources said.
Aug 12, 2015, 18:30 PM IST
Greece, creditors fine-tune third bailout
Athens and its creditors were set today to put the finishing touches to a third international bailout agreement aimed at saving Greece's stricken economy from collapse.
Aug 12, 2015, 18:25 PM IST
Greek PM Alexis Tsipras confident of loan support as EU states scrutinise bailout
Greek Prime Minister Alexis Tsipras on Wednesday said he was confident his debt-crippled nation would secure loan support from a third international bailout heading for parliamentary approval this week.
Aug 12, 2015, 18:23 PM IST
Greece's third bailout agreed 'in principle'
"What we don't have is a political agreement," said Commission spokeswoman Annika Breidthardt, hours after Athens suggested that the deal was all but done.
Aug 11, 2015, 19:50 PM IST
Greece reaches deal with creditors
Greece has reached a deal on a multi-billion bailout with its international creditors after marathon talks, a government source said Tuesday.
Aug 11, 2015, 12:15 PM IST
Greece to cut MP tax breaks, minister salaries: Tsipras
"The political system must be responsive to the feelings of society," Tsipras told ministers according to a government note.
Aug 10, 2015, 20:41 PM IST
Greece and creditors `close` to deal on third bailout
Greece and its creditors continued marathon talks into Sunday night with both sides indicating that the terms of a third bailout were close to being finalised.
Aug 10, 2015, 09:07 AM IST
Greece makes loan interest payment to IMF
Greece made a loan interest payment due Thursday to the International Monetary Fund, the institution said, avoiding another default as the debt-riddled country negotiates a third rescue plan.
Aug 07, 2015, 02:43 AM IST
Greek PM sees bailout deal after August 15
Greek Prime Minister Alexis Tsipras and French President Francois Hollande agreed Thursday that Athens and its international creditors "can and must" reach a bailout deal after August 15.
Aug 07, 2015, 01:32 AM IST
Athens stock market gains 3.65% after three-day loss
The Athens stock market on Thursday closed with 3.65 percent gains, its first after three straight days of losses suffered since it was reopened this week following a five-week closure.
Aug 06, 2015, 21:53 PM IST
''Greek economy to be one third smaller than at peak level''
A leading economic think tank on Wednesday forecast that Greece`s GDP will shrink this year by three percent and 2.3 percent next year. Thus it will eventually be nearly a third smaller than it was at its peak.
Aug 05, 2015, 23:19 PM IST
ECB leaves stopgap funding for Greek banks unchanged
The European Central Bank decided Wednesday to leave its emergency credit lifeline for Greece unchanged for the next two weeks, said a source close to the matter who asked not to be identified.
Aug 05, 2015, 21:59 PM IST
India's exports to Greece fall 15% on debt crisis: Govt
The financial crisis in Greece has led to a 15.45 percent fall in India's exports to the European nation during the first quarter of this fiscal, Parliament was informed Wednesday.
Aug 05, 2015, 19:40 PM IST
Greece in 'final stretch' for deal with creditors: Alexis Tsipras
Greece is in the "final stretch" of talks for a deal with creditors on a new bailout, Prime Minister Alexis Tsipras said Wednesday.
Aug 05, 2015, 18:45 PM IST
Greek finance minister says bailout deal possible by August 20
Greek Finance Minister Euclid Tsakalotos expressed confidence Tuesday that Athens and its creditors will reach a deal on a new bailout in time for August 20, when a huge debt payment is due.
Aug 05, 2015, 01:14 AM IST
Greek market divides as banks sink, other shares rise
Greece`s banking stocks plunged for the second day in a row on Tuesday, holding down the main Athens index which otherwise looked as if it was turning the corner after the previous day`s record rout.
Aug 04, 2015, 19:10 PM IST
Greek stocks close with record drop of 16.23%
Greece`s stock exchange closed Monday with a record drop of 16.23 percent on reopening after a five-week shutdown caused by capital controls.
Aug 03, 2015, 22:44 PM IST
Greek stocks take a beating as bourse reopens
The ATHEX plunged nearly 23 percent at the opening before clawing back to losses of around 17 percent in midday trade, with analysts noting that the situation could deteriorate before the market aligns itself.
Aug 03, 2015, 16:40 PM IST
Greeks brace for stock market carnage after five-week shutdown
Trading on the Athens bourse was suspended in late June as part of capital controls imposed to stem a debilitating outflow of euros that threatened to collapse Greece`s banks and hurl the indebted country out of the euro zone.
Aug 03, 2015, 09:31 AM IST
