Bailout

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Greek creditors seek third wave of reforms before loan| Reuters

Jul 28, 2015 at 00:30 | Source: FirstPost

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: FirstPost

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: FirstPost

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: FirstPost

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: FirstPost

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...

'Govt no longer listening to people': Thousand protests as Greece votes on bailout bill

Jul 23, 2015 at 08:52 | Source: FirstPost

Athens:Thousands of anti-austerity protesters gathered in Athens on Thursdaynight as lawmakers prepared to vote on a second batch of reforms that must pass if Greece is to unlock a huge international bailout.The vote poses a fresh challenge to Prime ...

Greece Parliament approves harsh reforms with huge majority; bailout talks to begin soon

Jul 23, 2015 at 08:19 | Source: FirstPost

Athens Greece's parliament overwhelmingly approved a new batch of reforms Thursday demanded by the country's international creditors, clearing the way for talks on a third multi-billion euro bailout without which the country faces total financial ru...

Merkel says Greece must act fast as banks prepare to reopen| Reuters

Jul 20, 2015 at 00:15 | Source: FirstPost

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: FirstPost

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: FirstPost

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: FirstPost

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: FirstPost

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 ...

German lawmakers back Greek bailout talks after Merkel's chaos warning| Reuters

Jul 18, 2015 at 02:15 | Source: FirstPost

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...

Analysis - Counting the cost for Greece and Europe| Reuters

Jul 18, 2015 at 01:45 | Source: FirstPost

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: FirstPost

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: FirstPost

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: FirstPost

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: FirstPost

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...

Desperate U-turn: Now, Greece PM to seek 'yes' from his party today for new austerity package

Jul 10, 2015 at 11:42 | Source: FirstPost

Greece (Athens): Greece's left-wing Prime Minister Alexis Tsipras will seek backing for a harsh new austerity package from his party Friday to keep his country in the euro less than a week after urging Greeks to reject milder cuts in a referendum.Go...

Greece sends reform plan to EU promising new tax hikes | Reuters

Jul 10, 2015 at 06:45 | Source: FirstPost

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...

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