Greece may return to economic growth in the middle of 2016 - EU| Reuters
Oct 10, 2015 at 01:30 | Source:
LIMA Greece is likely to return to economic growth around the middle of next year if the government makes a serious effort to regain financial stability, European Vice President for the euro Valdis Dombrovskis said. After years of recession, Greece's...
Euro zone aims to cap Greek debt servicing at 15 percent of GDP | Reuters
Oct 09, 2015 at 04:45 | Source:
LIMA Euro-zone governments, Greece's biggest creditors, agree that debt relief for Athens should be accomplished by capping its debt servicing costs at 15 percent of gross domestic annually, the chairman of the euro zone finance ministers, Jeroen Dij...
Greek government wins confidence vote before first bailout review| Reuters
Oct 08, 2015 at 04:45 | Source:
ATHENS Greek Prime Minister Alexis Tsipras' government comfortably won a confidence vote early on Thursday, starting a race to pass key reform laws before Athens undergoes a crucial first review of its international bailout.Greece has promised to imp...
Greek fin min says recession shallower than lenders forecast| Reuters
Oct 07, 2015 at 01:45 | Source:
ATHENS Greece's economy will suffer a less severe recession this year than its international lenders assumed in drafting the country's new bailout programme, Finance Minister Euclid Tsakalotos said on Tuesday.Tsakalotos gave no figures and said the d...
Risking backlash, Modi to push power price hikes| Reuters
Oct 06, 2015 at 23:30 | Source:
NEW DELHI Prime Minister Narendra Modi is to tell states to raise electricity prices in return for access to a financial bailout package, a politically contentious move that risks a backlash from farmers and consumers long used to free or cheap power...
Greece's Tsipras says debt relief is key to recovery| Reuters
Oct 06, 2015 at 01:30 | Source:
ATHENS Greek Prime Minister Alexis Tsipras told lawmakers on Monday that debt relief is essential for the crisis-hit country to return to growth and regain access to market financing by the first half of 2017. Presenting his four-year plan in parliam...
Greek bank recap, debt talks, can start after review of reforms| Reuters
Oct 06, 2015 at 01:15 | Source:
LUXEMBOURG Greece must complete the first review of agreed reforms, including the governance of its financial sector, before European creditors can pump in more money to recapitalise Greek banks, the chairman of euro zone finance ministers said.Jeroe...
EU holds emergency summit after forcing through migrant deal
Sep 23, 2015 at 09:26 | Source:
Brussels: European Union leaders will gather for an emergency summit on the migration crisis on Wednesday, a day after ministers forced through a controversial deal to relocate 120,000 refugees in a major blow to unity within the bloc.Interior minist...
Alexis Tsipras sworn in as Greek PM after comfortable victory in polls
Sep 22, 2015 at 07:56 | Source:
Athens: Greek Prime Minister Alexis Tsipras on Monday took his oath of office a day after being re-elected ina snap general election.Tsipras took a civil oath "to uphold the constitution andlaws" of the country, and is expected to name a co...
Greece elections: Voters give mandate to Prime Minister Alexis Tsipras
Sep 21, 2015 at 11:14 | Source:
Athens: Jubilant supporters of Alexis Tsipras' left-wing Syriza party cheered, waved party flags and danced today after the party comfortably won Greece's third national vote this year despite a party rebellion over his acceptance of a painful third ...
Greek heavyweights say cannot work together in government| Reuters
Sep 15, 2015 at 03:46 | Source:
ATHENS Greece's two dominant politicians on Monday ruled out working with each other in a coalition, casting doubt on whether a stable government will emerge from an election that polls indicate neither of them can win outright.In the final televised...
Divided on diagnosis, EU ponders euro zone reform| Reuters
Sep 13, 2015 at 15:31 | Source:
VIENNA Overshadowed by Europe's twin dramas over refugees and Greek debt, debate is bubbling up over how to strengthen European monetary union after six years of debilitating crisis.It pits those who believe the 19-nation euro zone needs to take a bo...
Tsipras vows battle to improve bailout after Greek election| Reuters
Sep 08, 2015 at 03:30 | Source:
ATHENS Former prime minister Alexis Tsipras promised on Sunday to fight to improve the terms of Greece's latest bailout as he tried to shore up a rapidly collapsing lead in opinion polls, two weeks before a snap election.In a campaign speech in the n...
Insight: Bad loans haunt Greek banks seeking new start| Reuters
Sep 08, 2015 at 01:30 | Source:
ATHENS Turned down for a 10,000 euro ($11,100) loan, George Sarris is one of hundreds of thousands of small business owners shunned by Greek banks. Pointing to the parliament building overlooking his small cafe in Athens' Syntagma Square, the 35-year...