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Greece`s banks News

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.

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.

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.

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.

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.

02 Jul 2015

IMF's Lagarde says Greece must reform before debt relief

The head of the international lender on Wednesday suggested Greece should move to reform its economy before its European creditors give it a break on its debt.

30 Jun 2015

EU's Juncker makes last-minute offer to Greece: Sources

European Commission President Jean-Claude Juncker made a last-minute offer to Athens in a bid to reach a bailout agreement before the deadline expires on Tuesday, European Union and Greek government sources said.

29 Jun 2015

Greece in shock as banks shut after creditor talks break down

Greece has less than 48 hours to pay back 1.6 billion euros (USD 1.77 billion) of International Monetary Fund loans.

29 Jun 2015

Greek worries push oil below $62 to three-week low

Oil fell more than $1 to below $62 per barrel on Monday, its lowest in three weeks, as Greece shut its banks and imposed capital controls, causing investors to flee from riskier assets and darkening the demand outlook.

Greece impact on India

29 Jun 2015

Greece crisis may trigger outflows from India: Finance Secretary

The economic crisis in Greece may trigger capital outflows from India and the government is consulting the RBI to deal with the situation, Finance Secretary Rajiv Mehrishi said on Monday.

29 Jun 2015

EU to make latest proposals on Greek crisis on Monday: Moscovici

The president of the European Commission will make his latest proposals later on Monday to try to avoid a Greek default, the EU commissioner of economic affairs said, adding that there was still room to negotiate over the crisis.

29 Jun 2015

Greece orders banks closed for a week after run on ATMs

Greece announced early Monday it will shut banks for a week and impose capital controls, pleading for calm after anxious citizens emptied cash machines in a dramatic escalation of the country`s debt crisis.

29 Jun 2015

Greece imposes capital controls as crisis deepens

Greece closed its banks and imposed capital controls on Sunday to check the growing strains on its crippled financial system, bringing the prospect of being forced out of the euro into plain sight.

24 Jun 2015

Greek deal hopes could face reality of political hurdles in Athens

Hopes were high Tuesday that Greece and its creditors can seal a debt deal with exactly one week left to avert default, but those could fade as the Greek premier must convince his anti-austerity party to approve concessions needed to unblock bailout funds.

20 Jun 2015

Greece hopeful of last-ditch deal despite default warnings

Greece said Friday it was still hopeful for an 11th-hour deal to stop it defaulting on its debt, as despairing Greek savers withdrew their cash from the country`s troubled banks ahead of fresh talks next week.

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