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Greek debt crisis News

07 Mar 2016

Greece clears bailout hurdle with debt relief pledge

Along with its debt crisis the Greek state is now overwhelmed by the arrival of around a million migrants in a year.

21 Sep 2015

EU welcomes Alexis Tsipras victory, says no `time to lose` on reforms

The EU on Monday congratulated Alexis Tsipras on his left-wing party`s re-election victory and said Greece has "no time to lose" in implementing the reforms agreed as part of its international bailout.

Greek elections

19 Sep 2015

Greeks want a government and hope to shake off capital controls

Greek referendum

14 Aug 2015

Greece`s Tsipras: Bridging loan would be a `return to crisis without end`

Greek Prime Minister Alexis Tsipras warned Friday that a German proposal to give his debt-ridden country a bridging loan rather than agree a new bailout would be "a return to a crisis without end".

05 Aug 2015

India's exports to Greece fall 15% on debt crisis: Govt

The financial crisis in Greece has led to a 15.45 percent fall in India's exports to the European nation during the first quarter of this fiscal, Parliament was informed Wednesday.

23 Jul 2015

Euro firms after Greece passes bailout reforms

The euro traded higher against the dollar and the yen on Thursday as Greece`s parliament passed legislation on reforms crucial to securing bailout funds from its creditors.

20 Jul 2015

Banks to reopen, taxes hiked as Greece prepares to reboot economy

Greek banks prepared to reopen Monday after a three-week shutdown, but capital controls remained largely in place while citizens also face widespread price hikes.

State Bank of India

08 Jul 2015

SBI may delay $1.5-billion bond sale due to Greek crisis

State Bank of India (SBI) may delay USD 1.5 billion overseas bond issuance programme due to volatility in foreign market as a result of Greek debt crisis.

Greek referendum

05 Jul 2015

Greek referendum final polls show 'No' vote ahead by small margin

Final opinion polls released after the end of voting in Greece`s referendum showed the `No` vote leading by a small margin in Sunday`s vote on a bailout proposal from creditors.

Greek referendum

05 Jul 2015

Greeks vote for 'destiny' in poll putting euro future in doubt

Greece voted in a tightly fought referendum Sunday that Prime Minister Alexis Tsipras said will determine its "destiny" in the eurozone, as the EU country teetered on the brink of financial collapse.

05 Jul 2015

Athens eyeing deal to tax assets hidden in Swiss banks: Report

Athens wants a tax amnesty deal for Greeks who have stashed cash in Swiss banks, in a bid to bring much-needed revenue to the debt-laden country, a Swiss newspaper reported Sunday.

Greek referendum

04 Jul 2015

Sugar, flour, rice: panicked Greeks stock up on essentials

Greeks were hoarding cash and food amid mounting fears the economy could collapse, cracking open their wallets only to stock up on essentials and stripping supermarket shelves in the process.

Greek referendum

04 Jul 2015

Greece set to vote in bailout referendum

Greece is set to vote in a referendum on Sunday to decide whether to accept the debt draft deal with international creditors to restart financial aid to the country, or to reject the lenders` programme that requires Greeks to accept further austerity measures and economic reforms.

Greek referendum

04 Jul 2015

Split Greece teeters on the brink with referendum

EU leaders have warned that a `No` victory could cause Greece to crash out of the eurozone.

02 Jul 2015

Greek debt crisis to have limited impact on India: Rajan

India will see limited impact of the debt crisis in Greece as it has little direct exposure to the European nation, RBI Governor Raghuram Rajan said Thursday.

Indian corporates

01 Jul 2015

Greece debt crisis: Overseas borrowing may become dearer for India

Indian corporates might face higher borrowing cost in the overseas market in short-run due to the Greek debt crisis, India Ratings and Research (Ind-Ra) has said.

Foreign investors

28 Jun 2015

FPIs press exit button, take out Rs 2,500 cr in June

Foreign investors pulled out a little over Rs 2,500 crore from Indian stock markets this month, mainly on account of better returns from Asian peers and uncertainty over Greek debt crisis.

Greek Parliament

28 Jun 2015

Greek parliament approves referendum on bailout terms: Assembly

A proposed referendum on the latest offer of a deal made to Greece by its EU-IMF creditors was approved by a majority in the Greek parliament late Saturday night, according to the assembly`s count.

27 Jun 2015

Tsipras, addressing parliament, calls for `emphatic no` to creditor proposals

Greek Prime Minister Alexis Tsipras called in a speech to parliament Saturday for an "emphatic no to the ultimatum" issued by the country`s creditors in a bailout referendum proposed by his government for July 5.

27 Jun 2015

`Plan B` looms after Greece and Europe fall out

With Greece`s creditors refusing to extend its bailout, attention has turned swiftly to preventing massive capital flight as worried Greek citizens pull cash from ATMs.

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