ECB holds Greek emergency funds steady as withdrawals slow
The European Central Bank on Wednesday left the amount of emergency funds available to Greek banks unchanged at 80.2 billion euros amid signs of slowing depositor withdrawals, a Greek banking source said.
May 27, 2015, 23:57 PM IST
ECB holds Greek emergency funds steady as withdrawals slow
The European Central Bank on Wednesday left the amount of emergency funds available to Greek banks unchanged at 80.2 billion euros amid signs of slowing depositor withdrawals, a Greek banking source said.
May 27, 2015, 19:33 PM IST
Greek concerns haunt euro, stocks
The euro slid Tuesday and European stock markets struggled on concerns over Greece`s ability to meet looming repayment deadlines, dealers said.
May 26, 2015, 19:46 PM IST
Greece says it will default in June without aid from lenders
Greece will not be able to make a payment to the International Monetary Fund due on June 5 unless foreign lenders provide more aid, a senior ruling party lawmaker said on Wednesday, the latest warning from Athens that it is on the verge of default.
May 21, 2015, 09:58 AM IST
Greece warned of cash shortage ahead of deadline: Report
Prime Minister Alexis Tsipras had warned foreign officials that Athens would not be able to pay the 750 million euros ($845 million) due this month to the International Monetary Fund, Greek newspapers said Sunday.
May 17, 2015, 15:29 PM IST
EU prevents Greece from implementing reforms: Finance minister
Greek Finance Minister Yanis Varoufakis said on Thursday that its European partners have prevented the Greek government from legislating many necessary reforms, and stressed that he would only sign an agreement that aims at economic sustainability, Efe news agency reported.
May 14, 2015, 21:40 PM IST
Germany`s Schaeuble says Greek referendum could help
German finance minister Wolfgang Schaeuble raised the prospect Monday of Greece holding a referendum on its EU-IMF bailout, saying it could finally resolve the drawn-out crisis.
May 11, 2015, 19:48 PM IST
Greece expects no `final agreement` at May 11 Eurogroup: Varoufakis
Greek Finance Minister Yanis Varoufakis said Athens expected no deal on its debt crisis at talks with his counterparts in Brussels on May 11, but added that it would be a step towards a final agreement.
May 05, 2015, 21:03 PM IST
Greece pushes for deal as EU slashes outlook
Greece`s growth outlook was slashed by Brussels Tuesday after months of fruitless debt talks, as ministers toured European capitals to push for a bailout deal that will save Athens from bankruptcy.
May 05, 2015, 19:30 PM IST
EU economy chief cheers shuffle of Greek negotiators
EU Economics Commissioner Pierre Moscovici on Wednesday hailed the shake-up of the team handling Greece`s fractious bailout negotiations with its creditors, but warned that reaching a deal soon was "urgent."
Apr 29, 2015, 19:23 PM IST
ECB raises Greek bank emergency funding by 1.4 billion euros
The European Central Bank on Wednesday raised the maximum emergency funding that Greek banks can obtain by 1.4 billion euros ($1.5 billion), a banking source said.
Apr 29, 2015, 18:28 PM IST
Greece must be realistic in debt talks: Dijsselbloem
Greece needs to be realistic when negotiating debt relief, Eurogroup chief Jeroen Dijsselbloem cautioned on Tuesday, as Athens runs out of time and money to settle a deal.
Apr 28, 2015, 23:02 PM IST
Greek govt reshuffles EU/IMF negotiating team after Riga debacle
Greek Prime Minister Alexis Tsipras on Monday reshuffled his team handling talks with European and IMF lenders, after his finance minister was sharply criticized for his performance at a euro zone meeting last week.
Apr 27, 2015, 17:55 PM IST
Greece, creditors to hold more debt talks Saturday
Greece and its international creditors will meet Saturday in Paris to discuss Athens` massive debt bailout programme and reforms it must adopt in exchange for urgently needed funds, sources said.
Apr 18, 2015, 08:53 AM IST
Greece unveils modest cuts in government spending
Facing tough negotiations with the European Union over a crucial debt financing deal, Greece`s hard-left government revealed Thursday it will seek millions in savings through spending cuts to ministerial budgets.
Apr 16, 2015, 23:33 PM IST
Thousands of Greek miners protest feared job losses
Around 4,000 miners demonstrated in Athens Thursday to protest job cuts they fear will result from the hard-left government`s opposition to continued exploitation of their gold mine in northern Greece.
Apr 16, 2015, 22:39 PM IST
S&P cuts Greece rating into vulnerable to default range
Standard and Poor`s on Wednesday cut its long-term credit rating for Greece by one notch to CCC+, a level at which borrowers are considered as being vulnerable to default, saying it needs further reforms and help.
Apr 15, 2015, 23:05 PM IST
Greece`s 2014 deficit more than double forecasts: Official
Greece`s budget deficit was 3.5 percent of GDP in 2014, the official statistical agency said Wednesday, more than doubling forecasts.
Apr 15, 2015, 17:02 PM IST
Greek crisis `cannot be ruled out`: IMF
The International Monetary Fund`s chief economist warned Tuesday that Greece`s negotiations with official creditors could still fail and force it from the eurozone, hitting global financial markets.
Apr 14, 2015, 21:51 PM IST
Greek finance minister rules out `accident`, says some radical reforms could wait
Greece`s combative finance minister has ruled out a default "accident" and said the new radical left government could put on hold the implementation of some of its campaign promises to build confidence among its creditors.
Mar 14, 2015, 19:15 PM IST
