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Grexit News

15 Feb 2017

Five reasons the Greek debt crisis is back

Greece, the eurozone and IMF are in a three-way Mexican stand-off over a review of the country`s 86 billion bailout agreed in July 2015, its third since 2010.

Greece debt crisis

11 Feb 2016

`Grexit` fears loom without solid Greek reforms: IMF

Fears that Greece will exit the eurozone, a "Grexit", could revive if Greek authorities do not come up with "credible" reforms, notably on pensions, a senior IMF official said Thursday.

14 Jul 2015

Some in German govt preferred temporary Grexit: Schaeuble

Initial drafts of the agreement European leaders reached with Greece early on Monday included a German proposal to make Greece take a "time-out" from the euro zone if it failed to meet conditions.

13 Jul 2015

For France, mission accomplished as "Grexit" averted

As President Francois Hollande led Angela Merkel off for a working dinner at his Elysee Palace a week ago last Monday, his advisers breathed deep sighs of relief.

13 Jul 2015

Greece seals new bailout deal to avoid euro exit

Greek Prime Minister Alexis Tsipras agreed to tough reforms after 17 hours of gruelling negotiations in return for a three-year bailout worth up to 86 billion euros, Greece's third rescue programme in five years.

12 Jul 2015

Luxembourg warns Germany of catastrophe if it pushes for Grexit

Luxembourg`s foreign minister has made an impassioned plea for Germany to avoid a Greek exit from the euro, warning Berlin of a catastrophic schism with France if it pushes for Athens to leave the currency union.

11 Jul 2015

Schaeuble has not raised ''Grexit'' at Eurogroup: Greek official

German Finance Minister Wolfgang Schaeuble has not raised the possibility of Greece exiting the euro zone at crisis talks in in Brussels discussing aid for Athens, Greek government officials said on Saturday.

08 Jul 2015

Grexit would pose major security challenge: Experts

As a key security partner for the West and the prime route for migrants arriving in Europe, Greece poses a threat to more than the financial stability of the continent if its crisis deepens.

08 Jul 2015

'Grexit' scenario threatens to tarnish Angela Merkel's legacy

Chancellor Angela Merkel`s tough stance on Greece plays well with German voters but carries a huge risk, analysts warn -- history would likely blame her for a catastrophic "Grexit".

07 Jul 2015

Greece exit may destabilise eurozone economy: French PM

French Prime Minister Manuel Valls on Tuesday warned that an eventual Grexit from the eurozone would put the economic recovery of the European bloc on edge and likely trigger political instability in the region.

07 Jul 2015

Grexit cannot be excluded if no reforms: EU`s Dombrovskis

The EU wants Greece in the eurozone but it could be forced out if it does not produce a credible reform package to satisfy creditors, EU Commissioner for the euro Valdis Dombrovskis said Tuesday.

06 Jul 2015

Grexit threat puts Europe in tricky position after `No` vote

Vote `Yes` or leave the euro: European leaders talked tough ahead of Greece`s momentous referendum, but that threat could seriously complicate a return to the negotiating table after Greeks said an emphatic `No` to more austerity.

06 Jul 2015

Grexit not a foregone conclusion despite 'no' vote: DBS

The largest Singaporean lender, DBS Bank, said Monday that the overwhelming Greece vote against austerity measures on Sunday is not a foregone conclusion for its exit from the euro zone.

04 Jul 2015

Defiant PM rejects Grexit fears as he rallies 'No' vote

Greece's Prime Minister Alexis Tsipras got a rock-star welcome at an Athens rally as he sought to revive support for a "No" vote in a referendum called to strengthen his hand in talks with international creditors.

29 Jun 2015

Euro drops below $1.1 as Greek exit risks grow

The European single currency briefly dropped below $1.1 on Monday as investors grow concerned Greece is headed for a debt default and a possible eurozone exit.

28 Jun 2015

`Grexit` to `Greferendum`: Athens on the brink of default

In Brussels, a sense of stupor prevails. The decision comes at the worst moment, in the final stage of negotiations when "98-99 percent" of the deal had already been agreed, according to a participant in the talks.

25 Jun 2015

Europe's bankers fear Brexit more than Grexit

The possibility of Britain leaving the European Union sometime in the future worries European bankers a great deal more than the prospect that Greece might be on its way out soon.

22 Jun 2015

Greek banks `cannot afford` no deal: Eurobank chief

Greek banks "cannot afford" the current uncertainty, the chairman of one of Greece`s biggest lenders said on Monday, warning that failure to reach an agreement with creditors would be "disastrous".

19 Jun 2015

'Grexit' would be 'beginning of the end of the eurozone': Greek PM

A Greek exit from the eurozone would be the beginning of the end of the single currency, Greek Prime Minister Alexis Tsipras was quoted as saying Friday in a newspaper interview.

Jeroen Dijsselbloem

17 Jun 2015

Forecasts of Greek euro exit premature: Dijsselbloem

Eurogroup chairman Jeroen Dijsselbloem said Wednesday he is still working to keep Greece within the eurozone and that any predictions about a so-called Grexit are premature.

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