Greek bailout

BRUSSELS (AFP) – Under pressure from the IMF, eurozone finance ministers will consider major debt relief and fresh aid for Greece on Monday despite the deep reservations of bailout-weary Germany. Ministers from the 19-member single currency bloc must confront the

ATHENS, Greece (AP) — Greece’s government has called on Germany to drop what it described as “irrational” budget demands in the country’s bailout program, a day after Greece and its European creditors agreed to resume talks on new reforms.

ATHENS, Greece (AP) — The European Union’s financial affairs chief is in Greece for talks on the bailout-dependent country’s slow-moving negotiations with its international creditors.

ATHENS, Greece (AP) — An independent Greek parliamentary report has warned that Greece faces an increased risk of a fourth bailout – or even a default – if delays in negotiations with bailout lenders are not overcome in the next few weeks.

The German government is blocking a Greek bailout in fear of being democratically replaced by the populist, Eurosceptic Alternative for Germany (AfD) Party. In “AfD is the major hurdle in the Greek bailout”, Die Welt’s deputy economics editor, Jan Dams, has

The EU-Turkey migrant deal could cost bankrupt Greece a staggering €4 billion this year alone — two per cent of their gross domestic product (GDP) — at a critical point in their financial bail out, HSBC has warned. The estimated €4 billion

ATHENS (AFP) –  Greece’s prime minister on Sunday said his government will not give in to “unreasonable” demands as the debt-ridden country braces for critical negotiations with international creditors on the thorny issue of pension reform. The warning came just days

Former Greek Prime Minister Alexis Tsipras played down fears on Sunday that a snap election in two weeks would produce a fractured result, saying there were enough undecided voters to produce a clear winner on the day. Tsipras resigned last

The left-wing Syriza party says Yanis Varoufakis and others who voted against Greece’s latest bailout package will not be allowed to run for parliament under the Syriza banner in the upcoming snap election. For his part, Varoufakis said he would stand

Between 2010 and 2015 Germany profited from the ongoing Greek debt crisis to the sum of €100 billion, according to a new study. The billions consists of money saved by lower interest payments on funds the German government borrowed amid investor “flights

ATHENS/GENEVA, Aug 7 (Reuters) – Greece’s infrastructure cannot handle the thousands of people landing on its shores from places like war-torn Syria and Afghanistan and needs European Union help, Prime Minister Alexis Tsipras said on Friday. “Now is the time

NAXOS, Greece (Reuters) – A jovial potato farmer whose family has tilled the fertile land on the island of Naxos for over 200 years, Stelios Vathrokilis is unfazed by all that he believes a farmer must inevitably face: God, inclement

BRUSSELS, Belgium (Reuters) – Talks with Greece on a third bailout are moving ahead in a satisfactory way and reaching an agreement is possible before August 20, the European Commission said on Thursday. The Commission comments were in response to

ATHENS, Aug 3 (Reuters) – Greece’s stock market plunged nearly 23 percent on Monday when it opened after a five-week shutdown brought on by fears the country was about to be dumped from the euro zone. The main Athens stock

From Der Spiegel: After the Greek bailout disaster, Paris, Berlin and Brussels want to reform the euro zone by creating an economic government and a special tax for the currency area. German Finance Minister Schäuble is in favor, but Chancellor

Greece may seek 24 billion euros in a first tranche of bailout aid from international lenders in August to prop up its banks and repay debts falling due at the ECB, a pro-government Greek newspaper said in its early Sunday

LAMIA, Greece (Reuters) – Wild boar and power cuts were Greek cotton farmer Mimis Tsakanikas’ biggest worries until a bank shutdown last month left him stranded without cash to pay suppliers, and his customers without money to pay him. Squeezed on

ATHENS, July 29 (Reuters) – Greek Prime Minister Alexis Tsipras said on Wednesday he may have to call an early election to bolster a parliamentary majority that has been strained by bailout reforms demanded by creditors. About three dozen of his

From Reuters: 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. Rehabilitating the country’s banks poses a difficult question. Should the euro zone

The prominent Italian economist and former government minister, Paolo Savona, has said that Italy “must have a plan B” to exit the euro. He added that the Greek bailout deal was “badly constructed” and warned packages like it, designed to exert economic control

BERLIN, July 17 (Reuters) – German lawmakers gave their go ahead on Friday for the euro zone to negotiate a third bailout for Greece, heeding a warning from Chancellor Angela Merkel that the alternative to a deal with Athens was

Today the Greek bailout plan comes before the German parliament (the Bundestag), the latest approval hurdle for the third bailout package which nobody believes will work. Ratification of the €86 million rescue deal is expected, notwithstanding yesterday’s comments from Germany’s Federal Finance Minister Wolfgang

In the early hours of this morning Greece’s parliament passed the austerity measures demanded by its creditors in order to open talks on a new Greek bailout. Prime Minister Alexis Tsipras, deserted by many in his own Syriza party who believe the

A leaked IMF study of the Greek debt crisis, ignored by creditors at the weekend, warns Greece may need a 30 year moratorium to pay off European debt, including new loans, and a dramatic extension on the maturity of its debts. The

Britain could face a bill of up to £850m for latest Greek bailout as European leaders desperately search for money for the heavily indebted nation. Although Britain is signed up to an emergency EU fund, Prime Minister David Cameron believes

Greek Prime Minister Alexis Tsipras has flown home after an epic 17-hour crisis meeting with Eurozone leaders to sell the austerity package he has agreed to his own party – who may attempt to block it. Tsipras must push several unpalatable measures

The seemingly final deadline for serious Greek proposals in the debt showdown was Friday morning, and some paperwork was indeed delivered on schedule, inducing some optimism that a Greek exit from the Euro would be averted. Depending on who you ask, the deal is either a stunning triumph or disastrous capitulation for either Greece or its creditors.

All sorts of deadlines have come and gone during the Greek debt crisis—as the basket-case nation’s European creditors repeatedly blinked and decided to grant one extension after another—unwilling to precipitate the pan-European (and possibly global) financial earthquake of a “Grexit” from the Euro.

China is teetering on the edge of a 1929-style stock market meltdown, and Greece might be about to exit the Euro. China is worried about what the Grexit, or an even larger collapse of the Euro, might do to its house-of-cards stock market. Everybody else is worried about what a Chinese collapse could do to their markets, especially since Western socialists have sold so much of their own nations to China over the years.

“The European Project is begging to die” and a “new Berlin Wall…called the euro” is dividing the continent Nigel Farage told the European Parliament this morning. He was speaking directly after Greek Prime Minister Alexis Tsipras, whom he praised as “very brave”

The eurozone’s former communist nations, including Estonia, Latvia, Lithuania and Slovakia, have themselves endured painful reforms and austerity programmes within living memory. Perhaps as a result, they are now among those taking the hardest line on Greece following that country’s

Despite fears some had of an inconclusive and divisive knife-edge verdict, Greece delivered a resoundingly strong ‘No’ vote in yesterday’s referendum. The country partied last night, but today faces the hangover. Some of London’s leading think tanks have given Breitbart London their

Germany is demanding new coercive powers to legally compel, or “force member states,” to abide by structural reforms and binding EU-IMF fiscal “programmes”. This pits Europe’s economic powerhouse against France, a country with a record of failing to follow EU

The Economist Intelligence Unit has pinned its colours to the mast: The EIU forecast victory for the “No” camp as soon as the referendum was called. We are sticking to that call. — The EIU Europe (@TheEIU_Europe) July 5, 2015

ATHENS, July 5 (Reuters) – Greeks voted on Sunday in a referendum that could determine their future in Europe’s common currency, with banks shuttered, the treasury empty and a population desperate, angry and so deeply split that the outcome was

Greece’s referendum day is upon us. After five long months of bitter debate with creditors and one quick week of frantic campaigning, the Greeks are now voting. Up until the close of campaigning the left-wing government urged voters to reject the bailout deal that had