greek-crisis - Latest News on greek-crisis | Read Breaking News on Zee News

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.

Germany rules out possibility of Greece's EU exit

Last Updated: Monday, October 15, 2012, 12:45

German Finance Minister Wolfgang Schaeuble has for the first time ruled out the possibility of debt-stricken Greece sliding into bankruptcy or leaving the euro zone.

Angela Merkel reaches Greece; pledges support

Last Updated: Tuesday, October 09, 2012, 12:38

Angela Merkel arrived here on amid protest by angry Greeks and offered support to the country suffering from debt crisis and hopes that it will continue to stay in the eurozone.

Cash-strapped Greece cuts government jets

Last Updated: Tuesday, August 28, 2012, 10:29

A government statement Monday said Prime Minister Antonis Samaras has instructed officials to transfer the biggest of the planes, a Brazilian-made Embraer, to the air force for use in pilot training.

Europe must be sensitive to Greek people: French Minister

Last Updated: Friday, June 22, 2012, 10:16

Europe must be more "sensitive" to the Greek people and take steps to help revive the country's economy, according to French Finance Minister Pierre Moscovici.

Eurozone crisis due to Greece cause for fall in market: Pranab

Last Updated: Wednesday, May 16, 2012, 18:42

Describing the prevailing global situation as "complex", Finance Minister Pranab Mukherjee Wednesday attributed the sharp fall in the stock markets to uncertainty over resolving the Eurozone problems in the wake of the Greek crisis.

France and Germany want to keep debt-stricken Greece in eurozone

Last Updated: Wednesday, May 16, 2012, 11:49

As Greece headed for a fresh election after the last attempt to form a government failed in Athens, new French President Francois Hollande and German Chancellor Angela Merkel have voiced their support for the debt-stricken nation to remain in the eurozone.

Greece not exiting euro currency grouping

Last Updated: Tuesday, May 15, 2012, 13:23

As Greece’s political parties struggled to form a government 10 days after the inconclusive Parliamentary election, the euro-zone finance ministers have rejected calls for the debt-ridden nation’s exit from the single currency.

IMF approves 28 bn euro fund for Greece

Last Updated: Friday, March 16, 2012, 00:26

The International Monetary Fund on Thursday approved euro 28 billion (USD 36.56 billion) in funding for crisis-hit Greece over the next four years, while Standard and Poor's said that the country's new bonds were still vulnerable to a default.

Euro countries formally approve new aid for Greece

Last Updated: Wednesday, March 14, 2012, 23:35

Countries in the 17-nation eurozone on Wednesday formally approved a second bailout for Greece and authorized the release of (euro) 39.4 billion (USD 51.44 billion), as they had signaled last week.

Greece may avoid default as investors agree to bond swaps

Last Updated: Thursday, March 08, 2012, 14:37

Greece's race to slice (euro) 107 billion (USD 140 billion) off its national debt entered the final stretch Thursday, with markets confident enough private investors will decide to accept a deal to write down the value of their Greek bond holdings.

Dutch demand 'permanent' EU-IMF control in Greece

Last Updated: Monday, February 20, 2012, 23:54

Hardline Dutch Finance Minister Jan Kees De Jager demanded on Monday that the EU and IMF take "permanent" control of government decision-making over revenues and public expenditure in Greece.