Bailout

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Greece govt says it may resign if public votes 'yes' on bailout referendum

Jul 02, 2015 at 20:29 | Source: FirstPost

Athens: Greece's radical left government said on Thursday it may resign if it fails to win a referendum that could decide the country's financial future.Greek Finance Minister Yanis Varoufakis said the government "may very well" quit if the...

No point in retaining Greece: Allow it to exit euro for quicker resolution of mess

Jul 02, 2015 at 13:57 | Source: FirstPost

Given that now Greece has defaulted it seems logical that the best solution for all would be to let the country leave the euro. (There is however the possibility that there could be a new bailout policy (the third one for 29 billion) for Greece which...

Greek PM Alexis Tsipras vows to go ahead with controversial bailout referendum

Jul 02, 2015 at 11:43 | Source: FirstPost

Brussels: Greek Prime Minister Alexis Tsipras has vowed to press ahead with a controversial bailout referendum as European leaders ruled out any fresh debt offer before Sunday's vote.Hours after Greece became the first advanced economy to default on ...

It is unlikely Greece will leave euro, and the country will move from crisis to crisis

Jul 02, 2015 at 07:55 | Source: FirstPost

On 30 June 2015, Greece defaulted on a payment of 1.6 billion euros that it had to make to the International Monetary Fund (IMF). This made Greece the first developed country to default on a payment to the IMF.Greece has already been bailed out twice...

Asia shares subdued by Greek anxiety, dollar stands tall| Reuters

Jul 02, 2015 at 06:45 | Source: FirstPost

TOKYO Asian stocks were subdued on Thursday as Greece's refusal to back down in a standoff with its creditors kept most markets on edge, while the dollar got a boost from upbeat U.S. economic indicators. MSCI's broadest index of Asia-Pacific shares...

Dollar takes centre stage as data looms, Greek worries fester| Reuters

Jul 02, 2015 at 06:15 | Source: FirstPost

SYDNEY The dollar stayed bid early in Asia on Thursday as the market geared up for a deluge of U.S. data that could back expectations for the Federal Reserve to lift interest rates sooner rather than later.The euro, meanwhile, remained under a cloud ...

Greece deal possible before July 20 bonds payment - euro zone official| Reuters

Jul 02, 2015 at 02:15 | Source: FirstPost

FRANKFURT A new bailout deal for Greece could be agreed in time for the country to meet a July 20 deadline for the repayment of 3.5 billion euros ($3.9 billion) of bonds to the European Central Bank, a euro zone official said on Wednesday.Asked wheth...

Global stocks rally on hopes for Greek deal, dollar gains| Reuters

Jul 01, 2015 at 23:45 | Source: FirstPost

NEW YORK Global equity markets jumped and safe-haven bonds fell on Wednesday after Greece's prime minister signaled he was prepared to accept the bulk of a bailout offer, while stronger-than-expected data on private U.S. jobs growth bolstered the dol...

Greece's Tsipras digs in against bailout| Reuters

Jul 01, 2015 at 23:25 | Source: FirstPost

ATHENS/BRUSSELS A defiant Prime Minister Alexis Tsipras urged Greeks on Wednesday to reject an international bailout deal, wrecking any prospect of repairing broken relations with EU partners before a referendum on Sunday that may decide Greece's fut...

One day later in Greece: The more things change, the more they remain same

Jul 01, 2015 at 18:14 | Source: FirstPost

Greece has defaulted on the payment of 1.6 billion euros that it had to make to the International Monetary Fund (IMF) by the end of the day yesterday (i.e. June 30, 2015) This is the first instance of a developed country defaulting on a payment that ...

One day later in Greece: The more things change, the more they remain the same

Jul 01, 2015 at 16:45 | Source: FirstPost

Greece has defaulted on the payment of 1.6 billion euros that it had to make to the International Monetary Fund (IMF) by the end of the day yesterday (i.e. June 30, 2015) This is the first instance of a developed country defaulting on a payment that ...

A day later in Greece: The more things change, the more they remain the same

Jul 01, 2015 at 14:46 | Source: FirstPost

Greece has defaulted on the payment of 1.6 billion euros that it had to make to the International Monetary Fund (IMF) by the end of the day yesterday (i.e. June 30, 2015) This is the first instance of a developed country defaulting on a payment that ...

Sensex crosses 28000: 4 reasons why investors are buying despite

Jul 01, 2015 at 12:44 | Source: FirstPost

Even as the Greece debt crisis continue to create havoc in European markets, Indian equities are continuing their uptick today.The key benchmark Sensex opened on a firm note and raced past the crucial 28,000 mark.At 10.50 am, the 30-share BSE S&a...

Sensex crosses 28000: 4 reasons why investors are buying despite Greek default

Jul 01, 2015 at 12:44 | Source: FirstPost

Even as the Greece debt crisis continue to create havoc in European markets, Indian equities are continuing their uptick today.The key benchmark Sensex opened on a firm note and raced past the crucial 28,000 mark.At 10.50 am, the 30-share BSE S&a...

Greece ready to call off referendum, Eurozone finmins to evaluate new proposals

Jul 01, 2015 at 11:42 | Source: FirstPost

Athens Eurozone finance ministers were set to weigh Greece's latest proposal for aid Wednesday, hours after the country's international bailout expired without a deal, cutting it off from vital financing and deepening fears over whether it will be a...

Sensex crosses 28,000: 4 reasons why investors are buying despite Greek default

Jul 01, 2015 at 11:31 | Source: FirstPost

Even as the Greece debt crisis continue to create havoc in European markets, Indian equities are continuing their uptick today.The key benchmark Sensex opened on a firm note and raced past the crucial 28,000 mark.At 10.50 am, the 30-share BSE S&a...

Heart of gold: British shoe seller launches crowdfunding project for Greece's debt crisis

Jul 01, 2015 at 11:24 | Source: FirstPost

A British shoe shop worker launched an online crowdfunding campaign to raise the money for Greece to meet its now expired IMF debt repayment, saying he just wanted to help austerity-stricken Greeks.Thom Feeney told AFP outside his shop in London's Co...

Despite last-minute proposals to creditors, Greece defaults on IMF debt

Jul 01, 2015 at 10:51 | Source: FirstPost

Athens -Greece made last-minute overtures to its international creditors for financial aid on Tuesday, but it was not enough to save the country from becoming the first developed economy to default on a loan with the International Monetary Fund.The l...

Despite last-minute proposals to creditors, Greece defaults on IMF loan

Jul 01, 2015 at 08:48 | Source: FirstPost

Athens -Greece made last-minute overtures to its international creditors for financial aid on Tuesday, but it was not enough to save the country from becoming the first developed economy to default on a loan with the International Monetary Fund.The l...

Greece defaults on IMF loan despite last-minute proposals to creditors

Jul 01, 2015 at 07:15 | Source: FirstPost

Athens -Greece made last-minute overtures to its international creditors for financial aid on Tuesday, but it was not enough to save the country from becoming the first developed economy to default on a loan with the International Monetary Fund.The l...

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