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Angela Merkel
Angela Dorothea Merkel (born July 17, 1954) is a German former politician and scientist who served as the Chancellor of Germany from 2005 to 2021, making her the first woman and the longest-serving
...Read more- Greek crisis hurts poorest in its Balkan neighbours
Sun-beaten and sullen, the four Albanian fruit-pickers returning home from a three-week stint working in Greece waved taxi drivers away at the border crossing because, they said, they could not afford the fare.
- Grexit would be 'beginning of the end' of euro: Piketty
Without concessions that allow Athens to invest in infrastructure and economic growth, Greece could leave the euro zone - the so-called Grexit - and start "the beginning of the end" for the common currency, Piketty said.
- Greek PM calls Obama to discuss debt crisis
Greek Prime Minister Alexis Tsipras phoned President Obama yesterday and briefed him about the crisis.
- Lack of new Greek proposals leaves eurozone leaders on edge
With Greece's banks just days away from a potential collapse that could drag the country out of the euro, Tsipras had been expected to offer up economic reforms in exchange for loans. Instead, his government said it would only present a plan.
- Wall Street ends stronger after volatile session
US commercial crude oil stocks likely slipped in the week ended July 3 after rising for the first time since April in the previous week, an expanded Reuters survey showed on Tuesday.
- Greece faces last chance to stay in euro as cash runs out
Greece faces a last chance to stay in the euro zone on Tuesday when Prime Minister Alexis Tsipras puts proposals to an emergency euro zone summit after Greek voters resoundingly rejected the austerity terms of a defunct bailout.
- Asia shares win reprieve; Greek, China issues limit gains
Japan's Nikkei rose 1.2 percent while MSCI's broadest index of Asia-Pacific shares outside Japan , which fell to six-month low on Monday, was up 0.2 percent.
- Energy leads Wall St. lower with eyes on Greece, China
Greek Prime Minister Alexis Tsipras promised German Chancellor Angela Merkel that Greece would bring a proposal for a cash-for-reforms deal to an emergency summit of euro zone leaders on Tuesday, a Greek official said. It was unclear how much it would differ from other proposals rejected in the past.
- Hollande,Merkel say 'door open for discussions' with Greece
"The door is open to discussions and it is now up to the government of Alexis Tsipras to make serious, credible proposals so that this willingness to stay in the eurozone can translate into a lasting programme," Hollande said.
- Merkel, Hollande call for special eurozone summit on Greece
German Chancellor Angela Merkel discussed the outcome of Greece's referendum with French President Francois Hollande in a telephone call, with both agreeing the 'No' vote must be respected, a German government spokesman said.
- Oil prices mixed with focus on Greece
US benchmark West Texas Intermediate for August delivery fell eight cents to USD 59.62 while Brent crude for August gained 20 cents to USD 63.40 in mid-morning trade.
- Greek offer to creditors stirs angry backlash at home
Euro zone leaders welcomed new budget proposals from Athens on Monday as a basis for further negotiations to unlock billions of euros in frozen aid and avert a default that could trigger a Greek exit from the single currency area.
- Euro underwhelmed as Greece inches forward; China data eyed
Against the yen, the euro was at 139.910, having recoiled from 140.630. However, it remained in a well-worn 138.000-141.000 range seen so far this month.
- EU welcomes 11th-hour Greek proposals in 'forceps delivery'
EU chief executive Jean-Claude Juncker's chief-of-staff spoke of a "forceps delivery" as officials worked late into the night to produce a deal ahead of a summit of euro zone leaders in Brussels that they hope can keep Greece in the currency bloc.
- IMF rules out Greek payment delay
International Monetary Fund chief Christine Lagarde warned Greece it would get no leeway on a huge debt payment as EU ministers warned they were looking at a "plan B" for a possible default.
- ECB warns Greece future in EU doubtful if talks fails
The Bank of Greece said the country's future in the European Union itself could also be at risk without a deal, underlining the extent to which officials who once refused any suggestion of "Grexit" are now openly discussing the prospect.
- Greece defiant, accused of 'breaking all the rules'
As Greece remains defiant, despite talks with its international creditors stuck in deadlock, anger and concern is mounting in Europe about the finale to this Greek crisis.
- Greece on 'brink of disaster', calls emergency meeting
Greece's Prime Minister Alexis Tsipras is to hold an emergency government meeting at midday London time, according to Greek media reports.
- Greek talks in crisis after IMF leaves table
The deadlock between Greece and its creditors over reforms went from bad to worse on Thursday as one of its lenders -- the International Monetary Fund (IMF) -- quit talks, throwing the negotiations into crisis.
- Greece's PM under pressure for concessions in debt talks
Greek Prime Minister Alexis Tsipras was under intense pressure to deliver crucial concessions to international creditors on Thursday to break a four-month deadlock and save his country from looming default that could pitch it out of the euro zone.
