BRUSSELS Greece wants to restructure its huge public debt through cheaper refinancing, longer maturities, a write off of some principal and turning some debt into perpetual or GDP-linked bonds, but the plans have no support in the euro zone so far. The Greek g... 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 »
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 (Reuters) – Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel agreed in a phone conversation on Sunday to maintain contact during talks between Athens and its lenders to reach a debt deal, a Greek government official said. “During ... 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 »
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 »
