greece crisis

Euro zone looks to help Greece on debt after it passes reforms

The euro zone turned its attention tentatively on Monday to helping Greece tackle its huge debt repayments, with a view to a deal on May 24, after Greek lawmakers passed unpopular pension and tax reforms one critic called "a

Veteran Greek leftist Panagiotis Lafazanis parts ways with Alexis Tsipras

Veteran Greek leftist Panagiotis Lafazanis parted ways with his old comrade Alexis Tsipras on Friday, founding a new party dedicated to finishing off the country's bailout before the bailout finishes off the country.

Greek opposition tries to form government but election looms

Greece's president asked the main opposition party Friday to try to form a new government, a day after Prime Minister Alexis Tsipras resigned and called an early election next month to deal with a governing party rebellion ov

Greece crisis: PM Alexis Tsipras resigns, paving way for snap Greek election

Prime Minister Alexis Tsipras resigned on Thursday, hoping to strengthen his hold on power in snap elections after seven months in office...

greece crisis

Agnela Merkel says migrants bigger challenge for EU than Greece crisis

Chancellor Angela Merkel today condemned a surge in German attacks on refugee shelters and warned that the issue of asylum could become a bigger challenge for the European Union than the Greece crisis.

Greece’s creditors praise Athens’ cooperation before Friday’s Eurogroup

Greece's creditors praised the government's cooperation during negotiations to clinch a third bailout deal worth 85 billion euros ($94.78 billion) ahead of a meeting of euro zone finance ministers in Brussels on Friday.

Greece to get 6 bn euros in bridge loans if no agreement at Eurogroup: Report

Greece could get 6.04 billion euros in bridge financing if euro zone finance ministers cannot agree on the planned third bailout for Athens when they meet on Friday, according to German newspaper Bild, citing a European Commi

Greece agrees steps to tackle banks’ bad loans

Greece will take steps to tackle the mountain of bad loans weighing on its banks as part of its deal with international creditors, a draft of the agreement obtained by Reuters showed on Wednesday.

Refugees stream into Greek island, meet wretched conditions

Dozens of boat people from the Middle East reached the Greek island of Kos from nearby Turkey Wednesday, joining thousands already camped in wretched conditions on what is normally a tourist playground known for its sun and b

Greece and lenders agree bailout after all-night talks

Greece and its international lenders reached an 85 billion euro bailout agreement on Tuesday after nailing down the terms of new loans needed to save the country from financial ruin.

Greece bailout deal broadly agreed, says Finance Minister

Greek finance minister Euclid Tsakalotos has said that the country has broadly agreed to the substance of a bailout deal with its creditors.

Germany gained $109 billion from Greece crisis: Study

Germany, which has taken a tough line on Greece, has profited from the country's crisis to the tune of 100 billion euros ($109 billion), according to a new study.

Greece’s battered economy threatens to sink further

Greece's bruising fight with its international creditors sent economic sentiment to its lowest level in nearly three years in July and knocked manufacturing activity down to record lows.

Greece Economy

Eyes on banks as Greek stock exchange to reopen

Attention will be focused on Greece's embattled banks tomorrow when the Athens stock exchange reopens after a six-week shutdown over the country's debt crisis.

Greece stock exchanges

Greece crisis: Stock market to reopen Monday after five-week shutdown

Greece's stock market will reopen on Monday after a five-week shutdown caused by capital controls, but local investors will face restrictions aimed at stemming capital flight, a bourse spokeswoman said on Friday.

Debt conundrum to keep Greek banks in months-long freeze

Greek banks are set to keep broad cash controls in place for months, until fresh money arrives from Europe and with it a sweeping restructuring, officials believe.

Greece crisis: PM Alexis Tsipras under pressure over covert Syriza drachma plan reports

Some members of Greece's leftist government, led by Alexis Tsipras wanted to raid central bank reserves and hack taxpayer accounts to prepare a return to the drachma.

Greece Alexis Tsipras

Greek store closures spike as recession, austerity return

Shop-owners in the central Athens neighbourhood, one of the capital city's most financially diverse, are finding it a lot more difficult to get by.

Greek government has ‘no intention’ of calling early election

Greece's government has "no intention" of calling early elections while in the throes of finalising a deal with its eurozone partners on a new bailout, a spokeswoman for Prime Minister Alexis Tsipras has said.

Alexis tsipras

Could discuss Greek debt changes after review of new bailout: Angela Merkel

German Chancellor Angela Merkel said on Sunday it would be possible to talk about changing the maturities of Greece's debt or reducing the interest Athens...

Greece Crisis Eurozone

Criticism for German idea that Greece take a euro ‘timeout’

Germany's vice chancellor is criticizing the country's finance minister for suggesting that Greece could take a five-year ''timeout'' from the shared euro currency...

Alexis tsipras

IOUs for RIPs: Greece’s cash crisis hurts funeral industry

Greece's cash crisis has disrupted all aspects of daily life - death included.

Greece funeral

Angela Merkel ally urges German MPs who voted against Greece aid talks to rethink

The general secretary of Chancellor Angela Merkel's Christian Democrats have urged lawmakers who voted against opening talks on a third financial rescue for Greece to reconsider.

angela merkel

Greece does about-face, pledges big privatization push

Work was supposed to begin next year on a 7 billion euros ($7.6 billion) waterfront urban renewal project almost twice the size of New York's Central Park...

Greece Crisis

Europe moves to restore funding to Greece after bailout vote

Europe moved to re-open funding to Greece's stricken economy on Thursday after the parliament in Athens approved a new bailout programme in a fractious vote that left the government without a majority.

greece crisis

Greece seeks relief from lenders after first bailout test

Greece's troubled left-wing government was seeking urgent relief from European lenders Thursday, after it pushed a harsh austerity package through parliament, triggering a revolt in the governing party

greece bailout

Asian shares rise as Greek deal gets cautious nod

Asian shares rose on Tuesday on hopes that Greece's conditional bailout agreement would bring to an end that country's debt crisis, though caution kept broad gains in check.

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