Greek crisis

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.

BRUSSELS (AFP) – Top EU economic affairs official Pierre Moscovici heads to Athens for talks with Greek Prime Minister Alexis Tsipras on Wednesday in an effort to unblock bailout negotiations.

IMF funds are no longer necessary for an international bailout of Greece due to reduced loan requirements and the Washington-based lender’s “unconstructive” position, the country’s prime minister argued Monday. “I have the impression that IMF funding is not necessary” for

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

Speaking of an EU coup in Greece, Former Greek finance minister Yanis Varoufakis has warned Europe will no longer exist as a monetary union if it fails to reform. In a recent interview he also accused the architects of the new

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

FRANKFURT, July 29 (Reuters) – The European Central Bank said on Wednesday that the euro zone’s founding members had diverged economically, a “disappointing” outcome that goes against the premise that a common currency would let laggards slowly catch up. Central

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

The Greek government has at last confirmed what has long been suspected; it is planning a €2bn gas pipeline with Russia. The move is likely to cause concern in other EU member states and allies such as the United States who fear the

Greek Prime Minister Alexis Tsipras is taking fire from many quarters today as he attends the Eurogroup meetings to discuss his country’s debt crisis. He can, however, take solace from the fact that one titan of international politics is on

With the European Commission President Jean-Claude Juncker dampening expectations of a speedy resolution to the Greek economic crisis, analysts are again giving apocalyptic visions of the country’s future. PA reports Neil MacKinnon, global macro strategist at VTB Capital, setting out exactly how bad

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

BERLIN, July 5 (Reuters) – Bundesbank chief Jens Weidmann has warned Angela Merkel’s cabinet that a Greek exit from the euro zone would rip billions of euros out of the German budget, German business daily Handelsblatt reported on Sunday, citing

Greek voters headed to the polls Sunday to decide their country’s cooperation with the terms of an international bailout. The truth is that Greece has actually been in default of its debt obligations for more than half of the last two centuries.

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

Side-effects of the euro crisis are spreading beyond Greek borders into Bulgaria, Romania and Macedonia. Once seen as their poverty-stricken northern neighbours, Greeks are now looking to Bulgaria for some relief. Euobserver reports that with Greek banks closed and the state in

As talks between Greek officials and members of the IMF and European Union approach their conclusion before a potential exit of the Hellenic nation from the eurozone, Chinese officials are suggesting they could play a role in helping Greece pay back its debts. The Greek crisis has negatively affected the Chinese economy, which has invested millions in Greece.