Greece

Another crunch week in Greek bailout saga

Photo

LONDON - The threat posed by Greece beyond its borders may have diminished but efforts to agree an economic reform program to free up bailout funds and avert default will capture world attention this week.

Greece wants EU/IMF deal but impasse could bring referendum: deputy PM

ATHENS - Greece aims for a deal with its creditors over a reforms package but will not retreat from its red lines, the country's deputy prime minister told the Sunday newspaper To Vima, not ruling out a referendum or early polls if talks reach an impasse.

World, 18 Apr 2015

Greece wants EU/IMF deal but impasse could bring referendum: deputy PM

ATHENS - Greece aims for a deal with its creditors over a reforms package but will not retreat from its red lines, the country's deputy prime minister told the Sunday newspaper To Vima, not ruling out a referendum or early polls if talks reach an impasse.

World, 18 Apr 2015

Wall Street falls steeply with China, Greece fears paramount

- The S&P 500 posted its biggest percentage loss since March 25 on Friday as investors shunned risk amid new trading regulations in China, renewed worries about Greece running out of money, and tepid U.S. corporate earnings. | Video

China, 17 Apr 2015

Exclusive: Greece scrapes bottom of barrel in hunt for cash to stay afloat

ATHENS - Greece will need to tap all the remaining cash reserves across its public sector -- a total of 2 billion euros ($2.16 billion) -- to pay civil service wages and pensions at the end of the month, according to finance ministry officials.

17 Apr 2015

Eurogroup head warns against a game of chicken with Greece

WASHINGTON - Greece and the euro zone should not play a game of chicken to see who can hold out longer in negotiations about more lending to Athens in exchange for reforms, the chairman of euro zone finance ministers Jeroen Dijsselbloem said on Friday.

17 Apr 2015

Wall Street falls steeply with China, Greece fears paramount

- The S&P 500 posted its biggest percentage loss since March 25 on Friday as investors shunned risk amid new trading regulations in China, renewed worries about Greece running out of money, and tepid U.S. corporate earnings.

China, 17 Apr 2015

No cash for Greece until reforms agreed: Dombrovskis

WASHINGTON - Despite tightening liquidity, Greece is unlikely to get any money from euro zone finance ministers at an April 24 meeting because it is dragging its feet on reforms, European Commission Vice President Valdis Dombrovskis said on Friday.

IMF 17 Apr 2015

Greece starts assets sales with horse racing gambling license

ATHENS - Greece's privatization agency (HRADF) has invited OPAP to sign a deal next week to acquire the country's sole license for horse racing betting, the first state asset sale to be completed by the new leftist-led coalition government.

IMF 17 Apr 2015

Wall Street holds steady, oil rises and dollar declines

NEW YORK - Wall Street equities finished modestly lower on Thursday as investors worried about coming corporate results, while European stocks fell nearly 1 percent under the weight of Greece's worsening financial predicament.

16 Apr 2015

In depth

Greek Prime Minister Alexis Tsipras gestures before his speech during a parliament session in Athens March 30, 2015. REUTERS/Alkis Konstantinidis

Divisions push Tsipras into tightrope act

ATHENS - Few issues sum up the confusion of leftist Greek Prime Minister Alexis Tsipras's first two months in office better than the bewildering saga of the country's biggest port, Piraeus, a bastion of militant trade unionists.  Full Article 

A European Union flag (L) flutters next to a Greek flag on the facade of the Bank of Greece headquarters in Athens April 14, 2015. REUTERS/Alkis Konstantinidis

Greece may have blown best hope of deal

BRUSSELS - Even if it survives the next three months 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.  Full Article 

Greek Finance Minister Yanis Varoufakis and German Finance Minister Wolfgang Schaeuble (L) address a news conference following talks at the finance ministry in Berlin February 5, 2015. REUTERS/Fabrizio Bensch

Ten days that shook the euro

BRUSSELS - The 'rock star' took on the rock. And the rock won. Germany's Wolfgang Schaeuble stopped Greece's new finance minister Yanis Varoufakis in his tracks, forcing Athens to extend a bailout programme on terms its government was elected to get out of.  Full Article