Euro firms after Greece passes bailout reforms
The euro traded higher against the dollar and the yen on Thursday as Greece`s parliament passed legislation on reforms crucial to securing bailout funds from its creditors.
Jul 23, 2015, 08:29 AM IST
Recent developments in the Greek debt crisis
Greece reaches agreement with eurozone creditors on terms for a third rescue package after 17 hours of negotiations. Greek Prime Minister Alexis Tsipras agrees to tough reforms in return for talks on a three-year bailout worth up to 86 billion euros ($93 billion).
Jul 22, 2015, 23:36 PM IST
Greece bailout deal by mid-August: EU`s Moscovici
Greece and its creditors aim to finalise a deal for the country`s third bailout by mid-August in time for Athens to make a huge payment to the ECB, EU Economic Affairs Commissioner Pierre Moscovici said Wednesday.
Jul 22, 2015, 21:08 PM IST
Greek bailout vote puts Syriza party rebellion to the test
Greece`s leftist government tried on Wednesday to contain a rebellion in Prime Minister Alexis Tsipras` Syriza party ahead of a vote in the evening on reforms required to start talks on a rescue deal.
Jul 22, 2015, 19:03 PM IST
Greece to vote on second bailout bill in test for Tsipras
Greek lawmakers are on Wednesday set to vote on a second batch of reforms that must pass if Athens is to receive its third huge international bailout, in a key test of Prime Minister Alexis Tsipras` authority.
Jul 22, 2015, 11:26 AM IST
Standard & Poor`s raises Greece`s credit rating to CCC+
Standard & Poor`s on Tuesday raised Greece`s credit rating by two notches to CCC+ after the debt-laden country began paying billions of euros to its creditors and reopened its banks.
Jul 22, 2015, 07:03 AM IST
Greece wants final bailout deal by August 20
The Greek government said Tuesday that it wants to see a final deal on its international bailout hammered out by August 20, as it presented parliament with more draft legislation on the cash-for-reforms agreement.
Jul 22, 2015, 06:59 AM IST
Greece seeks bailout deal by August 20, sends bill to parliament
The Greek government said Tuesday that it wants to see a final deal on its international bailout hammered out by August 20, as it presented parliament with more draft legislation on the cash-for-reforms agreement.
Jul 21, 2015, 18:13 PM IST
Banks reopen, taxes rise as Greece pays billions to creditors
Greece`s government hiked taxes and paid billions of euros to its creditors on Monday, as banks reopened just days after the debt-laden country reached a reforms-for-cash deal with its European partners.
Jul 21, 2015, 08:17 AM IST
Banks reopen, taxes rise as Greece pays billions to creditors
Greece`s government hiked taxes and paid billions of euros to its creditors on Monday, as banks reopened just days after the debt-laden country reached a reforms-for-cash deal with its European partners.
Jul 20, 2015, 23:01 PM IST
Greece makes overdue payments, no longer in default: IMF
The International Monetary Fund said Monday that Greece was no longer in default on its loans after remitting about two billion euros ($2.2 billion) to make up for missed debt payments.
Jul 20, 2015, 20:09 PM IST
Greek banks reopen as Tsipras eyes return to normal
Queues formed outside bank branches in central Athens as people waited to take care of business frozen during the three week-long bank holiday.
Jul 20, 2015, 11:28 AM IST
Banks to reopen, taxes hiked as Greece prepares to reboot economy
Greek banks prepared to reopen Monday after a three-week shutdown, but capital controls remained largely in place while citizens also face widespread price hikes.
Jul 20, 2015, 08:57 AM IST
Greece prepares to reopen banks, apply tax hikes
Banks are set to reopen Monday after a three-week shutdown estimated to have cost the economy some 3.0 billion euros ($3.3 billion) in market shortages and export disruption.
Jul 19, 2015, 17:12 PM IST
More than half of Germans think planned Greek deal is bad: Poll
Lawmakers in Germany, the biggest contributor to euro zone bailouts, on Friday gave their go-ahead for the currency bloc to negotiate a third bailout for Greece that could total 86 billion euros ($93 billion) over three years.
Jul 19, 2015, 09:09 AM IST
Greek banks to reopen Monday but capital controls remain
Greek banks will reopen Monday after a three-week closure and withdrawal limits have been relaxed, but capital controls remain in place, a government decree said Saturday.
Jul 18, 2015, 18:55 PM IST
Greek bank shutdown cost economy 3 billion euros: Report
The three-week shutdown of Greek banks has cost the country`s struggling economy some 3.0 billion euros ($3.3 billion) not counting lost tourism revenue, a report said Saturday.
Jul 18, 2015, 14:32 PM IST
Distraction of Greece aside, is all well with the world economy?
The race is on between the U.S. and British central banks to be the first major economy to raise interest rates after a long period of unprecedented monetary generosity.
Jul 18, 2015, 09:32 AM IST
Key events in Greek bailout crisis since referendum
Following is a timeline of events in the Greek crisis from the July 5 referendum on austerity to Friday`s thumbs up by German lawmakers to talks on a third bailout.
Jul 18, 2015, 09:25 AM IST
Counting the cost for Greece and Europe
When Greek leaders began a shift in policy last year to ease themselves out from under the tutelage of foreign creditors, they hoped it would bring economic as well as political gains.
Jul 18, 2015, 09:22 AM IST
