ATHENS/AIX-EN-PROVENCE, France (Reuters) – Greece is likely to reach a deal with foreign lenders on its latest bailout review before a meeting of euro zone finance ministers on Monday to decide on further aid, EU and Greek officials said on Sunday. Athens has ... More »
BRUSSELS/ATHENS (Reuters) – Greece has three days to reassure Europe and the IMF that it can deliver on conditions attached to its bailout in order to receive its next tranche of aid, four euro zone officials said on Tuesday. The lenders are unhappy with progr... More »
ATHENS (Reuters) – Greece and its international lenders resume talks on Monday to unlock 8.1 billion euros ($10.5 billion) of rescue loans after a two-week break during which the government almost collapsed over redundancies at state broadcaster ERT. Prime Min... More »
ATHENS (Reuters) – The Democratic Left party may pull out of Greece’s ruling coalition on Friday after talks to resume state television broadcasts collapsed, plunging the nation into fresh turmoil. Lawmakers from the small leftist party, angered by the abrupt ... More »
ATHENS (Reuters) – Greek Prime Minister Antonis Samaras offered on Friday to hire a small number of workers to resume public broadcasts to stem an outcry over the shock closure of state broadcaster ERT and mend a rift in the ruling coalition. The proposal was ... More »
ATHENS (Reuters) – Greek Prime Minister Antonis Samaras moved to defuse a political crisis over the government’s abrupt closure of state broadcaster ERT that prompted a nationwide strike on Thursday and brought thousands into the streets in protest. Samaras, w... More »
ATHENS (Reuters) – Greek Prime Minister Antonis Samaras faced a political revolt on Wednesday from his ruling coalition partners after the government abruptly switched the state broadcaster off the air in the middle of the night. Screens went black on state br... More »
ATHENS (Reuters) – Greece saw deposit inflows of more than 1.5 billion euros in March, despite fears the Cypriot banking crisis would spark outflows in other troubled euro zone economies, the country’s central bank chief said on Wednesday. More than 19 billion... More »
ATHENS (Reuters) – Officials from the European Union and the International Monetary Fund return to Athens on Sunday to assess Greece’s performance under a bailout plan as the government plays down the prospect of public sector job cuts. The heads of the “troik... More »
ATHENS (Reuters) – Greece is detaining migrants, including children, in inhuman conditions unworthy of a member country of the European Union, human rights group Amnesty International said on Thursday. Greece – the main entry point into the European Union for ... More »
MUNICH (Reuters) – Greek Prime Minister Antonis Samaras visited Bavaria on Sunday, charming former critics of Greece in the southern German state who once wished to eject his country from the euro zone, and departing with pledges of solidarity and support. Sam... More »
FRANKFURT (Reuters) – The European Central Bank may give a guide to next year’s policy path when it delivers fresh forecasts for the euro zone economy on Thursday at a meeting where it is expected to leave interest rates at a record low. The ECB will issue its... More »
BRUSSELS (Reuters) – The Greek government and financial markets were cheered on Tuesday by an agreement between euro zone finance ministers and the International Monetary Fund to reduce Greece’s debt, paving the way for the release of urgently needed aid loans... More »
BRUSSELS (Reuters) – Euro zone finance ministers and the International Monetary Fund clinched agreement on a new debt target for Greece on Monday in a breakthrough towards releasing an urgently needed tranche of loans to the near-bankrupt economy, officials sa... More »
BERLIN/ATHENS (Reuters) – International lenders failed for the second week to reach a deal to release emergency aid for Greece and will try again next Monday, but Germany signaled that significant divisions remain. Euro zone finance ministers, the Internationa... More »
BRUSSELS/ATHENS (Reuters) – Greece’s international lenders failed for the second week running to agree how to get the country’s debt down to a sustainable level and will have a third go in six days’ time. After nearly 12 hours of talks through the night during... More »
BRUSSELS (Reuters) – Euro zone finance ministers are considering allowing Athens to buy back up to 40 billion euros of its own bonds at a discount as one of a number of measures to cut Greek debt to 120 percent of GDP within the next eight years. Going into th... More »
HELSINKI/BRUSSELS (Reuters) – The European Union’s top economic official sought to rule out any write-off of Greece’s debt to governments on Thursday after a European Central Bank policymaker said for the first time that a “haircut” on part of it was probable.... More »
BRUSSELS (Reuters) – Greece’s international lenders agreed on Monday to give the country two more years to make the cuts demanded of it but the euro zone and IMF clashed over a longer-term target date to shrink the country’s debt pile. Euro zone finance minist... More »
TOKYO (Reuters) – Greece, Spain and the euro zone’s slow progress toward debt reform take centre stage at IMF meetings on Friday despite Europe’s best effort to remove itself from the spotlight. The International Monetary Fund recommended that some of Europe’s... More »
LUXEMBOURG (Reuters) – Euro zone finance ministers and the International Monetary Fund held a “thorough and robust” debate on Greece on Monday, but failed to make significant progress in deciding how best to get the country back on track with its bailout progr... More »
BERLIN (Reuters) – German Chancellor Angela Merkel will make her first visit to Greece next week since the euro zone debt crisis erupted, in a show of support for Athens after it said it would run out of money at the end of November without fresh international... More »
BERLIN (Reuters) – German Chancellor Angela Merkel is hardening her stance on additional help for struggling euro zone economies like Greece and Spain as pressure from parliamentary allies and a looming election campaign shrink her room for maneuver in Europe.... More »
NICOSIA (Reuters) – Spain told euro zone finance ministers on Friday it will set clear deadlines for structural reforms by the end of the month, in a move European diplomats said would pave the way for an aid request before long to help it tackle its debt pile... More »
BERLIN (Reuters) – German Chancellor Angela Merkel had reached the view that Greece must not be allowed to leave the euro zone in the autumn and is prepared to grant Athens more flexibility over its bailout payments, der Spiegel magazine wrote on Saturday. Gre... More »
BERLIN (Reuters) – Angela Merkel reassured Greek Prime Minister Antonis Samaras on Friday that she wanted his country to stay in the euro zone, but gave no sign of ceding to his pleas for more time to meet the tough terms of Athens’ international bailout. Sama... More »
ATHENS (Reuters) – Greece’s Prime Minister Antonis Samaras started a European charm offensive on Wednesday with an appeal to Germans for more time to meet targets for deficit cuts, but may struggle to make his case in meetings this week with EU leaders. “All w... More »
ATHENS (Reuters) – Greek Prime Minister Antonis Samaras starts a European charm offensive on Wednesday with talks to persuade euro zone chief Jean-Claude Juncker that the debt-laden nation has the will to ram through unpopular reforms and deserves more time to... More »
BERLIN (Reuters) – A Greek exit from the euro zone would be manageable, European Central Bank policymaker Joerg Asmussen was quoted on Monday as saying, although he would prefer it if the crisis-stricken country remained within the single currency bloc. He als... More »
VIENNA/HELSINKI (Reuters) – Smaller euro zone countries that have retained top credit ratings through the region’s crisis squabbled on Friday over whether struggling nations like Greece that threaten the currency union’s stability should be kicked out. Top Aus... More »
BERLIN (Reuters) – German Foreign Minister Guido Westerwelle on Monday warned politicians to rein in the language they use about the euro zone debt crisis after a weekend of ugly exchanges in the German press over Italy and Greece. Italian Prime Minister Mario... More »
BERLIN (Reuters) – Italy needs moral support from Germany but not its cash, Prime Minister Mario Monti said in an interview published on Sunday as German conservatives renewed calls for Greece to leave the euro zone. The Italian leader also told weekly magazin... More »
ATHENS (Reuters) – Greece is leaning towards issuing T-bills to plug a cash squeeze this month as resumption of its bailout funding hinges on a positive assessment by European Union and IMF inspectors, its deputy finance minister told Sunday’s Kathimerini news... More »
LONDON (Reuters) – European banks should face penalties if they loan cash for share issues by other banks, national regulators from across Europe told Reuters. This comes after a Greek bank was found to have raised money from offshore companies financed by oth... More »
ATHENS (Reuters) – Political leaders in Greece have agreed on most of the austerity measures demanded by its creditors and are now eyeing pension and wage cuts to find the final 1.5 billion euros of savings still needed, a source close to the talks said on Sun... More »
