Greece talks 'difficult', 'major issue of trust': Dijsselbloem
Talks between eurozone finance ministers on Greece`s last-ditch bailout request will be "quite difficult" given the crucial need to rebuild trust with Athens, Eurogroup chief Jeroen Dijsselbloem said Saturday.
Jul 11, 2015, 19:41 PM IST
Goldman Sachs could be sued for helping hide Greece's debts: Report
If Greece follows the advice of a former Goldman Sachs banker, the global investment banking firm could face legal action for helping hide the European country`s debts through complex transactions, a media report said on Saturday.
Jul 11, 2015, 19:29 PM IST
Factbox: Eurozone has tight timeline for deal to save Greece
Eurozone countries have set a tight timeline for any deal to save Greece from economic collapse that could catapult it out of Europe`s common currency.
Jul 10, 2015, 00:16 AM IST
Deadline looms for Greece to submit bailout plan
Greece was to submit a detailed bailout request to its eurozone partners Thursday in a last-ditch effort to save its collapsing economy and its place in the euro, in an unprecedented test of EU cohesion.
Jul 09, 2015, 22:11 PM IST
Deadline puts Greece`s euro membership, debt on the table
Greece was to submit a detailed bailout request to its eurozone partners Thursday in a last-ditch effort to save its collapsing economy and its place in the euro, with the EU president urging creditors to compromise on debt relief.
Jul 09, 2015, 19:31 PM IST
Greek crisis: Key events since referendum
Following is a timeline of events in the Greek crisis since Sunday`s referendum:
Jul 09, 2015, 18:43 PM IST
EU's Donald Tusk urges creditors to give Greece debt relief
EU President Donald Tusk said Greece`s creditors must make a "realistic" proposal for managing the country`s huge debt, as Athens faces a midnight deadline to submit reform plans for an international bailout.
Jul 09, 2015, 18:24 PM IST
Greece needs debt restructure, sustainable debt plan: US
US Treasury Secretary Jacob Lew said Wednesday that Greece`s creditors need to give the country a path for debt sustainability and growth.
Jul 09, 2015, 00:40 AM IST
Greece vows pension, tax reforms from next week in return for loan
Greece on Wednesday promised it would start pension and tax reforms next week, as demanded by creditors, in return for a three-year eurozone loan to drag its financial system back from the brink of collapse.
Jul 08, 2015, 18:05 PM IST
'Grexit' scenario threatens to tarnish Angela Merkel's legacy
Chancellor Angela Merkel`s tough stance on Greece plays well with German voters but carries a huge risk, analysts warn -- history would likely blame her for a catastrophic "Grexit".
Jul 08, 2015, 17:56 PM IST
Eurozone bailout fund receives Greek aid request
The eurozone`s bailout fund said Wednesday Greece had formally submitted a request for a new aid programme, just days before a final deadline to reach a debt deal.
Jul 08, 2015, 17:52 PM IST
Greece will face chaos, riots if deal not struck: France
France`s central bank chief on Wednesday said Greece will descend into "riots and chaos" if no debt deal is found soon, media reported.
Jul 08, 2015, 17:35 PM IST
Greece seeks new bailout as deadline looms
Greece asked for a new international bailout on Wednesday as Prime Minister Alexis Tsipras said he was confident debt-stricken Athens could meet a weekend debt deal deadline to stay in the euro.
Jul 08, 2015, 17:30 PM IST
European stocks edge higher on Greek hopes
European stocks rebounded slightly Wednesday, despite heavy losses in China, on optimism over the Greek crisis after European leaders slapped Athens with a deadline to submit new bailout reform proposals.
Jul 08, 2015, 17:28 PM IST
Lack of new Greek proposals leaves eurozone leaders on edge
Greek Prime Minister Alexis Tsipras strode into a summit of eurozone leaders with a beaming smile Tuesday, but was met with anger when it became clear he had no written proposal on how to save his country from financial ruin.
Jul 08, 2015, 00:43 AM IST
Eurogroup meeting ends fruitless, Greece insists it tabled proposals
An emergency Eurogroup meeting in Brussels on the Greek debt deal ended inconclusive on Tuesday, with lenders saying that they expected to discuss Greece`s proposals on Wednesday during a Eurogroup teleconference.
Jul 08, 2015, 00:23 AM IST
Greece faces last chance to stay in euro as cash runs out
Greek Prime Minister Alexis Tsipras had a final chance to present credible reform proposals to an emergency euro zone summit on Tuesday to persuade sceptical creditors to reopen aid talks before his country`s banks run out of money.
Jul 07, 2015, 12:46 PM IST
Asian markets mostly up but Shanghai tumbles again
The euro held its ground after Greece`s weekend vote against creditors` austerity proposals, with dealers hoping contagion will be limited if a bailout reform deal cannot be reached.
Jul 07, 2015, 08:25 AM IST
Grexit threat puts Europe in tricky position after `No` vote
Vote `Yes` or leave the euro: European leaders talked tough ahead of Greece`s momentous referendum, but that threat could seriously complicate a return to the negotiating table after Greeks said an emphatic `No` to more austerity.
Jul 07, 2015, 01:05 AM IST
Greek banks to stay closed until Wednesday: Official
Greek banks will remain closed until Wednesday with limits on daily withdrawals unchanged, the state news agency reported today, citing officials.
Jul 07, 2015, 01:03 AM IST
