BRUSSELS Damned if you do, damned if you don’t. Some euro zone countries are accusing the European Commission of giving Greece false hope of new loans for less reform effort, but they still want Brussels to find a way to keep a defiant Athens in the euro. Afte... More »
ATHENS Greek Finance Minister Yanis Varoufakis on Sunday admitted he had recorded a euro zone finance ministers meeting and criticized media for reporting “lies and innuendos” on what transpired at that April 24 Eurogroup gathering. The outspoken minister told... More »
ATHENS Greek Finance Minister Yanis Varoufakis has raised a fresh furor by telling a newspaper that he taped a confidential meeting of euro zone finance ministers, drawing criticism that he was undermining Greece’s efforts to secure aid from lenders. Since ass... More »
ATHENS Greece emptied an emergency IMF holding account to repay 750 million euros ($839 million) due to the international lender, a Greek central bank official said, avoiding default but underscoring the dire state of the country’s finances. With Athens close ... More »
LONDON The euro rose against a broadly weaker dollar in Europe on Tuesday, with gyrations on the bond market undermining the broad story of U.S. currency strength that has dominated the past year on foreign exchange markets. The latest move in a repricing of r... More »
ATHENS Finance Minister Yanis Varoufakis acknowledged that a deal to ease Greece’s cash crunch was not likely at a meeting of euro zone finance ministers later on Monday despite progress in talks with lenders on some issues. Greece is under growing pressure to... More »
ATHENS/BRUSSELS (Reuters) – Euro zone officials sought to wring policy concessions from Greece on Wednesday to unlock urgently needed aid after Athens said it would present a list of reforms for legislation to show it is serious about implementing its promises... More »
ATHENS (Reuters) – Greek Prime Minister Alexis Tsipras said on Tuesday he was confident of an outline deal with international creditors within two weeks, after shaking up his negotiating team and sidelining his finance minister who has infuriated euro zone par... More »
BRUSSELS (Reuters) – “We’re going bust.” “No, you’re not.” “You’re strangling us.” “No we’re not.” “You owe us for World War Two.” “We gave already.” The game of chicken between Greece and its international creditors is turning into a vicious blame game as Ath... More »
RIGA (Reuters) – Euro zone finance ministers warned Greece on Friday that its leftist government will get no more aid until it agrees a complete economic reform plan, as Athens lurches closer to bankruptcy. Greek Finance Minister Yanis Varoufakis faced a harsh... More »
BRUSSELS (Reuters) – Even if it survives the next three months teetering on the brink of bankruptcy, Greece may have blown its best chance of a long-term debt deal by alienating its euro zone partners when it most needed their support. Prime Minister Alexis Ts... More »
WASHINGTON (Reuters) – Greek Finance Minister Yanis Varoufakis said on Sunday that Greece “intends to meet all obligations to all its creditors, ad infinitum,” seeking to quell default fears ahead of a big loan payment Athens owes the IMF later this week. Foll... More »
WASHINGTON (Reuters) – The head of the International Monetary Fund said after talks with the Greek finance minister on Sunday that she welcomed his confirmation that Athens would make a loan payment due to the IMF later this week. “I welcomed confirmation by t... More »
