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Greek crisis News

23 May 2016

IMF said Greece needs 'unconditional' debt relief from EU creditors

A new IMF report on Greece`s financial situation said the country needs unconditional debt relief from European Union creditors over the long term to rebuild its financial strength.

Greece debt crisis

11 Feb 2016

`Grexit` fears loom without solid Greek reforms: IMF

Fears that Greece will exit the eurozone, a "Grexit", could revive if Greek authorities do not come up with "credible" reforms, notably on pensions, a senior IMF official said Thursday.

21 Oct 2015

International creditors back in Athens to review reforms

Greece's international creditors held talks early Wednesday with Finance Minister Euclid Tsakalotos to review progress on reforms demanded from the debt-ridden government in exchange for bailout funds.

22 Sep 2015

Alexis Tsipras to back Greek bailout with Tsakalotos as FM

Greek Prime Minister Alexis Tsipras will reappoint Euclid Tsakalotos as finance minister, a senior source in his leftist Syriza party said on Tuesday, to offer continuity in bailout talks with international lenders.

21 Sep 2015

Weary Greeks brace for more economic pain after Tsipras victory

Weary Greece braced for more painful austerity Monday as left-wing prime minister-elect Alexis Tsipras worked on forming a coalition to drive through unpopular reforms agreed with the nation`s international creditors.

Greek elections

19 Sep 2015

Greeks want a government and hope to shake off capital controls

02 Sep 2015

Greece raises 1.4 bn euros in six-month treasury bill sale

Greece raised Wednesday 1.137 billion euros ($1.280 billion) in an auction of six-month treasury bills at the same 2.97 percent interest rate it last sold them at last month, the Greek Public Debt Management Agency said.

30 Aug 2015

Greek leftists say they would apply bailout but fight to ease pain

The leftist Syriza party of former Prime Minister Alexis Tsipras will challenge Greece`s creditors on unresolved aspects of the nation`s bailout but implement unpopular reforms it has already agreed, it said on Sunday.

12 Aug 2015

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.

12 Aug 2015

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.

05 Aug 2015

''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.

05 Aug 2015

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.

05 Aug 2015

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.

24 Jul 2015

Greece loosens capital restrictions on businesses

Greece started loosening restrictions on foreign transfers by businesses on Friday, unblocking imports held up after the country introduced capital controls last month.

21 Jul 2015

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.

19 Jul 2015

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.

Standard and Poor`s

13 Jul 2015

S&P could upgrade Greece "pretty quickly" if deal sticks

Standard and Poor`s could upgrade Greece`s rock bottom credit rating "pretty quickly" if Monday`s plan for a third euro zone bailout in five years looks like holding, the rating agency`s top European sovereign analyst said.

13 Jul 2015

Eurozone, Greece agree 86 billion euros bailout deal

Eurozone leaders made Greece surrender much of its sovereignty to outside supervision on Monday in return for agreeing to talks on an 86 billion euros bailout to keep the near-bankrupt country in the single currency.

11 Jul 2015

Germany mulls five-year 'temporary' Greece exit plan from Eurozone

Germany has drawn up plans for a temporary five-year Greek exit from the euro if it fails to improve its bailout proposals, a European source told AFP Saturday as eurozone finance ministers met in Brussels.

11 Jul 2015

Greece faces 'difficult' talks to stay in eurozone

Eurozone finance chiefs warned that last-ditch talks Saturday on a bailout deal to stop Greece crashing out of the euro would be "extremely difficult", blaming a collapse of trust in the government in Athens.

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