Hope dies last in Greece after defiant ''No''
Athens was still standing on Monday. The Parthenon had not crumbled before the coming Apocalypse. And as their left-wing government made tentative overtures to its European partners, Greeks expressed hope catastrophe might yet be averted.
Jul 07, 2015, 01:01 AM IST
Greek crisis may have impact on global currency market: Nirmala
The government is "very closely" monitoring the developments in Greece as that could have implications on the international currency market, Commerce and Industry Minister Nirmala Sitharaman said today.
Jul 07, 2015, 01:00 AM IST
Greece unlikely to impact Indian economy, say fund managers
The Greek crisis is unlikely to have any impact on the Indian economy since it has only negligible exposure to the troubled Mediterranean island, fund managers said here today.
Jul 07, 2015, 00:56 AM IST
Eurozone stability `not in question` after Greek vote: EU
The stability of the eurozone is not at risk after Greeks voted `No` to creditors` austerity demands in a weekend referendum, the European Commission vice president for the euro said Monday.
Jul 06, 2015, 18:45 PM IST
Spain wants Greece to stay in euro, open to new bailout talks
Spain is open to negotiating a new bailout for Greece, which should remain in the eurozone, Economy Minister Luis de Guindos said Monday after Greek voters rejected creditors` austerity demands in a weekend referendum.
Jul 06, 2015, 18:29 PM IST
Yanis Varoufakis: Scourge of Greece`s creditors
Greece`s maverick finance minister Yanis Varoufakis, who announced his surprise resignation on Monday, achieved near-celebrity status with an urban-cool image and visceral attacks on the country`s international creditors.
Jul 06, 2015, 17:15 PM IST
Sensex, Nifty over 2-month high; extend gains for 3rd week
The domestic bourses, that bucked the global market trend as a result of Greek debt-deal stand-off, closed at two-and-a-half-month high levels.
Jul 04, 2015, 14:52 PM IST
Greece won`t leave eurozone: Italian PM Matteo Renzi
'Greece will not exit the eurozone regardless of the outcome of the country`s referendum this weekend, Italian Prime Minister Matteo Renzi said Thursday.
Jul 03, 2015, 03:02 AM IST
Sweden cuts key interest rate to -0.35%
Sweden`s central bank announced Thursday a 10-basis-point cut to its key interest rate, the repo rate, to -0.35 percent, and increased its bond purchases, citing uncertainty over the Greek crisis.
Jul 02, 2015, 14:45 PM IST
Greece: IMF says payment delays no help to nations in crisis
The International Monetary Fund said today that allowing a borrower to delay repayment, as Greece has requested, is generally ineffective in helping a country overcome crisis.
Jul 02, 2015, 03:48 AM IST
Mutual fund houses see only marginal impact of Greek crisis
Domestic mutual fund houses expect some volatility in the short-term since they expect foreign investors to pull out some money, though they are hopeful that the Greek crisis would not have any long-term impact on the domestic market.
Jul 01, 2015, 22:37 PM IST
India has 'robust' macroeconomic foundation for growth: Jayant Sinha
The country, Minister of State for Finance Jayant Sinha said, is prepared to deal with the aftermath of the Greek crisis.
Jul 01, 2015, 17:07 PM IST
Eurozone refuses Greek bailout extension, more talks Wednesday
Eurozone finance ministers declined to extend Greece`s bailout Tuesday just hours before its expiry and a possible IMF default, but talks will continue Wednesday after Athens asked for a new aid plan, officials said.
Jul 01, 2015, 01:46 AM IST
At least 20,000 pro-bailout supporters rally in Athens
Thousands of people rallied in Athens Tuesday in support of a bailout deal with international creditors which has been rejected by Prime Minister Alexis Tsipras, leaving Greece on the brink of default.
Jul 01, 2015, 01:34 AM IST
India comfortably placed to withstand Greek crisis fallout
India Inc on Tuesday said the country's economy is comfortably placed to deal with risks that might arise in case Greece defaults on the debt repayment due to the International Monetary Fund.
Jun 30, 2015, 21:03 PM IST
Greek default poses new challenge to IMF credibility
Nobody in the halls of the International Monetary Fund in Washington has any illusion: Greece is going to default Tuesday, delivering a new blow to the global crisis bank`s credibility.
Jun 30, 2015, 08:07 AM IST
Greece could seek legal action against euro exit: Report
Greece could seek legal action to stop the country being forced out of the eurozone if it fails to seal a debt deal, The Daily Telegraph reported on Monday.
Jun 30, 2015, 06:07 AM IST
Anti-austerity protests in Greece as bank shutdown bites
Tens of thousands of Greeks rallied on Monday to back their leftwing government`s rejection of a tough international bailout after a clash with foreign lenders pushed Greece close to financial chaos and forced a shutdown of its banking system.
Jun 30, 2015, 05:50 AM IST
S&P cuts Greece rating after referendum called
Standard & Poor`s downgraded Greece`s credit rating deeper into junk territory on Monday, saying the government`s decision to hold a referendum on creditor proposals brought it closer to default.
Jun 30, 2015, 01:57 AM IST
Some 17,000 anti-bailout demonstrators rally in Greece
Some 17,000 people took to the streets of Athens and Thessaloniki on Monday to say `No` in an upcoming referendum on the latest bailout proposals, accusing Greece`s international creditors of blackmail.
Jun 30, 2015, 01:47 AM IST
