Greek creditors seek third wave of reforms before loan| Reuters
Jul 28, 2015 at 00:30 | Source:
BRUSSELS/ATHENS International creditors want Greece to enact a third wave of politically sensitive reforms before they will release any money to keep the near bankrupt country afloat under a third bailout they began negotiating on Monday.The governme...
Debt conundrum to keep Greek banks in months-long freeze| Reuters
Jul 26, 2015 at 14:45 | Source:
FRANKFURT/ ATHENS 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...
IMF confirms receiving Greek request for new loan | Reuters
Jul 25, 2015 at 22:45 | Source:
WASHINGTON The International Monetary Fund said on Friday it had received a letter from Greece seeking a loan facility."We will discuss with the Greek authorities and with our European partners the timing and the modalities for the discussions,&...
Security worries delay start of Greece's new bailout talks| Reuters
Jul 24, 2015 at 23:45 | Source:
BRUSSELS/ATHENS Talks on tying up a new bailout deal for Greece failed to start on Friday as had been expected, with officials blaming security worries for delaying the negotiations with international creditors who are detested by many Greeks.Greek g...
Obama urges Britain to stay in the European Union
Jul 24, 2015 at 12:25 | Source:
Washington:US President Barack Obama has urged Britain to stay in the European Union, cautioning remaining in the bloc was necessary to help preserve the nation's global influence.Obama's comments, during an interview with the BBC aired on Thursday,c...
Merkel says Greece must act fast as banks prepare to reopen| Reuters
Jul 20, 2015 at 00:15 | Source:
ATHENS Greece will reopen its banks on Monday for the first time in three weeks, but with restrictions on withdrawals still in place, German Chancellor Angela Merkel said the government would have to move fast on any new bailout terms.The cautious re...
More than half of Germans think planned Greek deal is bad - poll| Reuters
Jul 19, 2015 at 08:45 | Source:
BERLIN More than half of Germans think the planned deal with Greece is bad and many would have preferred that the crisis-stricken country left the euro zone rather than getting the chance for further aid, according to an opinion poll.Lawmakers in Ger...
Greek banks to re-open Monday as Tsipras eyes new start| Reuters
Jul 18, 2015 at 19:15 | Source:
ATHENS The Greek government ordered banks to open on Monday, three weeks after they were shut down to prevent the system collapsing under a flood of withdrawals, as Prime Minister Alexis Tsipras looked to the start of new bailout talks next week.The ...
German lawmakers back Greek bailout talks despite rebellion| Reuters
Jul 18, 2015 at 06:30 | Source:
BERLIN 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 chaos.The Bundestag lower house of parliam...
IMF wants to see complete Greek package - Lagarde| Reuters
Jul 18, 2015 at 02:30 | Source:
PARIS International Monetary Fund Director Christine Lagarde said on Friday the Fund could participate in a "complete" package to put the Greek economy back on track, make its debt sustainable and allow it to get its funding from financial ...
Analysis - Counting the cost for Greece and Europe| Reuters
Jul 18, 2015 at 01:45 | Source:
BRUSSELS When Greek leaders began a shift in policy last year to ease themselves out from under the tutelage of foreign creditors, they hoped it would bring economic as well as political gains. Nine months on, falling output and a slump in asset valu...
Dollar, world stocks look set for biggest weekly gains in months| Reuters
Jul 18, 2015 at 01:30 | Source:
LONDON The dollar headed for its biggest weekly rise since May on Friday as economic data reinforced expectations of a U.S. interest rate hike this year. European shares steadied on the view that Greece will secure a bailout.The dollar hovered near a...
Dozens flee homes as wildfires rage in Greece, PM urges calm| Reuters
Jul 18, 2015 at 00:46 | Source:
ATHENS Forest fires fanned by strong winds and high temperatures broke out around Athens and in other parts of southern Greece on Friday, sending residents fleeing from flames threatening their homes.Summer wildfires, though common for the season, he...
Gold slides to eight-month low as U.S. rate rise looms| Reuters
Jul 18, 2015 at 00:15 | Source:
NEW YORK/LONDON Gold fell to an eight-month low on Thursday after the U.S. Federal Reserve's reiteration that interest rates were likely to rise this year pushed the dollar index to a seven-week high.Stocks worldwide rose on strong corporate earnings...
Greece submits new bailout plan to Eurozone creditors
Jul 10, 2015 at 12:41 | Source:
Athens:Greece has submitted to its eurozone creditors a new bailout plan proposing a pensions overhaul and tax hikes in return for debt relief and a three-year rescue loan, a government source said early Friday."The Greek proposal... includes fu...
Greece sends reform plan to EU promising new tax hikes | Reuters
Jul 10, 2015 at 06:45 | Source:
ATHENS/FRANKFURT The Greek government sent a package of reform proposals to its euro zone creditors on Thursday in a race to win new funds to avert bankruptcy and will seek a parliamentary vote on Friday to endorse immediate actions.In the latest pro...