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Greece crisis News

International Monetary Fund

05 Feb 2016

No 'draconian measures' for Greece: IMF's Lagarde

The International Monetary Fund does not wish to slap "draconian measures" on hard-up Greece but wants more government progress on pension reform, IMF chief Christine Lagarde has said.

29 Aug 2015

IMF's Lagarde says restructuring should suffice for Greek debt

A form of debt restructuring rather than outright forgiveness should enable Greece to handle its "unviable" debt burden, the head of the International Monetary Fund was quoted as telling a Swiss newspaper.

15 Aug 2015

Greek PM faces revolt after eurozone approves huge bailout

Greek Prime Minister Alexis Tsipras was Saturday battling a major revolt amongst members of his radical-left party who oppose the third huge bailout for the crisis-hit country.

10 Aug 2015

Greece and creditors `close` to deal on third bailout

Greece and its creditors continued marathon talks into Sunday night with both sides indicating that the terms of a third bailout were close to being finalised.

Standard & Poor

04 Aug 2015

S&P downgrades outlook for EU after Greece crisis

Standard & Poor`s has changed the outlook for the European Union from stable to negative after the bloc`s support for Greece and following Britain`s decision to vote on leaving the EU, S&P reported Monday.

31 Jul 2015

Greek bailout talks shift into higher gear

Greece's talks with its international creditors on a third bailout worth 85 billion euros (USD 93 billion) shifted into a higher gear on Friday, with lead negotiators from the European Union and International Monetary Fund meeting key ministers in Athens.

European Central Bank

29 Jul 2015

ECB leaves emergency liquidity for Greece unchanged

The European Central Bank decided Wednesday to leave its stopgap credit lifeline for Greece unchanged, said a source close to the decision who asked not to be identified.

17 Jul 2015

Greek banks to re-open on Monday

Greek banks, which have remained shut since June 29, are due to re-open on Monday, after the ECB raised the level of emergency funding available.

15 Jul 2015

Greece to vote on bailout after explosive IMF report

Greece on Wednesday geared up for a parliamentary vote on draconian reforms demanded by eurozone creditors in exchange for a huge new bailout, just hours after a bombshell report from the International Monetary Fund criticised the deal.

14 Jul 2015

Gold slips as dollar rises on Greece, Fed rate signals

Greece won conditional agreement to receive a possible $95 billion over three years.

11 Jul 2015

Eurozone to give verdict on Greece`s last-chance debt plan

Eurozone finance ministers on Saturday were to give their verdict on Greece`s last-chance bid for a third bailout to keep its ship-wrecked economy afloat and prevent its exit from the single European currency.

11 Jul 2015

Greek PM wins backing for concessions; EU, IMF give positive signals

Greek Prime Minister Alexis Tsipras however faced a rebellion in his own party that could threaten his majority in parliament.

10 Jul 2015

Greece submits reforms to creditors to stay in euro

Lawmakers in Greece will vote as early as Friday whether to back a last-ditch reform plan the government submitted to creditors overnight in a bid to stave off financial collapse and exit from the eurozone.

10 Jul 2015

Greece, China not going to cause any issues for us: TCS

Country's largest software services firm TCS has said the economic situation in Greece and China will not "cause any issue" for it.

10 Jul 2015

EU, IMF, ECB, eurozone chiefs to speak Friday on Greece: EU source

The heads of the EU, IMF, European Central Bank and the eurozone on Friday will discuss a last-ditch reform plan that Greece submitted in a bid to avert financial collapse and exit from the eurozone, EU sources said.

10 Jul 2015

Gold clings above four-month low on euro, but eyes third weekly drop

Gold held above a four-month low on Friday, spurred by a firmer euro on signs of progress in debt-hit Greece`s efforts to secure fresh funding.

08 Jul 2015

Greece crisis: Govt prepared to face any situation

Government on Wednesday said it was closely monitoring the Greek crisis and prepared to face any situation in view of its 'comfortable' foreign exchange reserves.

European Commission

07 Jul 2015

EU`s Juncker wants `to avoid Grexit`

European Commission head Jean-Claude Juncker said Tuesday he was against an exit by Greece from the euro, even though Greeks massively rejected bailout terms in a referendum this weekend.

07 Jul 2015

Greek crisis not due to `mean Germans`: Italy

Greeks have their own leaders to blame for the crisis in their country, and not "mean Germans", Italian Foreign Minister Paolo Gentiloni said Tuesday.

07 Jul 2015

IMF caught in delicate position between Greece and EU

The global crisis bank is anxious to craft a compromise, but also under pressure to recover the billions it has lent to the country.

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