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Greece posts first annual account surplus since 1948

Last Updated: Thursday, February 20, 2014, 02:37

Greece posted an annual account surplus for the first time since 1948, a positive sign that the ailing economy is on the way to exiting a four-year-long debt crisis, Xinhua reported Wednesday.

IMF confident Europe will stick by promises to Greece

Last Updated: Thursday, October 10, 2013, 22:20

International Monetary Fund chief Christine Lagarde said on Thursday that she had 'no doubt' European authorities would stick by their commitments to give Greece additional debt relief if it meets fiscal targets set under its bailout program.

IMF approves $4.3 billion rescue fund for Greece

Last Updated: Thursday, January 17, 2013, 10:49

The International Monetary Fund (IMF) has approved disbursement of 2.798 billion special drawing rights (SDR), amounting to about USD 4.3 billion, to cash-strapped Greece.

Half of Greeks seek jobs abroad, says survey

Last Updated: Monday, December 24, 2012, 11:10

Every second Greek of working age seeks job abroad due to the prevailing debt crisis which has hit Greece hard over the past three years, a survey has found.

Greece to discuss alternative debt terms

Last Updated: Thursday, April 12, 2012, 00:54

Greece said Wednesday it will demand debt relief terms from private- sector investors that refuse to join its bond swap program, but warned that the terms won't be as favorable as those previously made.

German parliament to vote on Greece bailout

Last Updated: Monday, February 27, 2012, 12:32

In addition to the second bailout package, Greece's private creditors have agreed to write down its debts by 107 billion euros.

Germans overwhelmingly oppose Greek bailout: Poll

Last Updated: Sunday, February 26, 2012, 20:35

The poll by the Emnid Institute in Bild am Sonntag newspaper found 62 percent oppose a new 130 billion rescue package while 33 percent are in favour.

Greece sets stage for Friday bond swap

Last Updated: Friday, February 24, 2012, 10:29

Greece took its first step towards reaping urgently needed funds agreed in a 130-billion-euro rescue package on Thursday as its parliament endorsed a bond swap for private holders of its debt.

Greece warns bailout rebels of unknown, dangerous path

Last Updated: Saturday, February 11, 2012, 23:52

Greek leaders told a growing band of rebellious lawmakers on Saturday to back a deeply unpopular EU/IMF rescue in parliament or send the nation down "an unknown, dangerous path" to default, international economic isolation and a deeply devalued drachma.

Greeks strike against austerity before crucial vote

Last Updated: Saturday, February 11, 2012, 00:08

Striking Greek workers denounced a new wave of austerity on Friday as an imposition too far by Europe and the IMF. Finance Minister Evangelos Venizelos told the nation it faced a stark choice between sacrifices inside the euro area and bigger sacrifices outside.

Greece: 4th minister resigns over austerity

Last Updated: Friday, February 10, 2012, 23:20

A fourth Greek Cabinet member has resigned to protest European Union demands for more austerity in exchange for a vital bailout.

Most Germans want Greece to quit euro: Poll

Last Updated: Sunday, February 05, 2012, 18:59

The Emnid poll said 53 percent of Germans surveyed thought Greece should return to its former currency.