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  • Greek PM seeks EU help to break creditor deadlock

    Tsipras' office yesterday said the leftist premier had asked EU President Donald Tusk to call a summit to help facilitate negotiations with the debt-ridden country's creditors.

  • IMF chief says Greece plan 'good distance away' amid leaks row

    In July, Greece accepted a three-year, 86-billion-euro (USD 94 billion) European Union bailout that saved it from crashing out of the eurozone. But the bailout came with strict conditions such as fresh tax cuts and pay cuts.

  • Tsipras returns to fight for Greek economy, debt relief

    Voters gave Tsipras and his Syriza party the benefit of the doubt over a dramatic summer U-turn, when he ditched his anti-austerity platform to secure a new bailout and avert 'Grexit', a Greek exit from the euro zone.

  • Greece's Tsipras rules out forming national unity govt

    Tsipras, who called for a fresh vote after suffering a major rebellion in his hard-left Syriza party over Greece's huge new international bailout, dismissed suggestions he could work with the conservative opposition New Democracy, the Pasok socialists or the centre-right Potami if the poll results were inconclusive.

  • Greek PM Alexis Tsipras resigns, elections likely on Sep 20

    Tsipras's announcement came after debt-crippled Greece paid a huge debt to the ECB on Thursday, effectively starting its third mammoth bailout, expected to cost as much as 86 billion euros (USD 96 billion) over the next three years.

  • Greece to cut MP tax breaks, minister salaries: Tsipras

    Ministers, junior ministers and other senior staff will also see a 15-percent salary cut, the agency said. Tsipras's government and its creditors are reportedly close to finalising the terms of a third bailout agreement for the debt-hit country.

  • Merkel says to urge Greece to stick with reforms

    Chancellor Angela Merkel said on Thursday she would urge Greece's prime minister to stick with tough reforms when they meet in Berlin on Friday while awaiting a report from the 'troika' of international lenders on Athens' progress.

  • Greece needs more time to reform: PM Samaras

    Greek Prime Minister Antonis Samaras wants international lenders to give his indebted country more time to complete reforms that have been demanded as a condition for financial aid, he told Germany's Bild newspaper.

  • New Greek PM vows to pull country out of crisis

    Greek Prime Minister Antonis Samaras pledged to pull his debt-stricken country back from the brink of bankruptcy on Wednesday in his first comments after being sworn in.

  • Greek PM survives confidence vote, signals he may quit

    Greek Prime Minister George Papandreou survived a parliamentary confidence vote on Saturday, avoiding snap elections which would have torpedoed Greece's bailout deal and inflamed the euro zone's economic crisis.

  • Mkt shows maturity despite Greece being shaky again: Udayan

    All things considered, it has not been a bad day for the market, said CNBC-TV18’s Udayan Mukherjee. The Nifty is once again gone to that level of 5,200 and managed to claw back to 5,250. It is in a tight volatile range as all markets across the world soak in news flow from the euro region.

  • Greek PM convinces cabinet, next up Merkel and Sarkozy

    Greek Prime Minister George Papandreou fought off a barrage of criticism to win the backing of his cabinet on Wednesday to push ahead with a referendum the government said would take place as soon as possible on a European Union debt bailout deal.

  • Greece will get another tranche of bail-out funds: Merkel

    German Chancellor Angela Merkel has expressed optimism that heavily-indebted Greece will receive the next tranche of financial rescue funds from the European Union and the International Monetary Fund (IMF) to avert a debt default next month.

  • Greek PM dumps finance chief in bid to survive

    Greek Prime Minister George Papandreou appointed a new finance minister on Friday in a crisis reshuffle to try to push through harsh economic reforms and avoid a default that could cause global economic turmoil.

  • Greek PM sees rising support for euro bonds

    Support is rising for the creation of common euro zone bonds to enable troubled member states such as Greece borrow more cheaply, Greek Prime Minister George Papandreou said on Thursday.

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