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Greek debt-redemption News

27 Jun 2015

Eurozone ministers face shock Greece referendum call

The gambit by Tsipras heightened anxiety over a possible Greek default next Tuesday that could potentially push Greece towards an exit of the eurozone and risk throwing the European Union project as a whole into crisis.

Greek debt-crisis

20 Jun 2015

Greece`s Varoufakis wants `clear decision` from Merkel at summit

Greece`s Finance Minister Yanis Varoufakis said German Chancellor Angela Merkel must make a clear decision at a eurozone summit Monday on whether to negotiate a rescue deal with Athens or heed populist calls to jettison the debt-wracked country.

European Economy

20 Jun 2015

Europe, IMF await new Greek concessions

European Union heads have called on Greece`s leftist government to present new reform and budget proposals, with Greek minister of state Alekos Flambouraris saying Saturday Athens could propose re-worked measures.

16 Jun 2015

Greek PM sticks to hard line as contagion hits euro zone bonds

Yields on bonds issued by other vulnerable euro zone states leapt in one of the most aggressive episodes of contagion since the height of Europe`s debt crisis in 2012.

11 Jun 2015

Athens stocks surge 5.47% as optimism rises on debt talks

Athens shares leapt 5.47 percent at open on Thursday, boosted by hopes that Greece could be close to a deal with its creditors on a rescue deal.

09 Jun 2015

Greece talks of compromise as Merkel warns time is short

Three days after Prime Minister Alexis Tsipras told his parliament the latest proposal from the EU and IMF was "absurd", the Greek government said it was ready to negotiate a settlement acceptable to both sides by the end of this month - when Greece`s bailout programme expires and it faces the prospect of default on its debts.

german chancellor

09 Jun 2015

Merkel says ''there isn''t much time left'' for Greece

The German chancellor confirmed her intention to meet again with Greek Prime Minister Alexis Tsipras in Brussels on June 17 under the auspices of the EU summit meeting with the Community of Latin American and Caribbean States, or CELAC.

07 Jun 2015

Greece, creditors trade barbs over latest EU reform demands

Greek Finance Minister Yanis Varoufakis on Sunday called the proposals "borderline insulting". "It was an aggressive move designed to terrorise the Greek government," Varoufakis told Proto Thema daily.

Greek debt-deal

06 Jun 2015

Greece denies report that Juncker declined to take call from Tsipras

The official added that Athens was still waiting for Greece`s creditors to respond to its own recent proposal for a deal to end the months-long impasse.

Greek debt-deal

05 Jun 2015

Greece ducks Friday deadline by bundling IMF payments

"The Greek authorities have informed the (IMF) today that they plan to bundle the country`s four June payments into one, which is now due on June 30," IMF spokesman Gerry Rice said, citing rules allowing debtor countries to regroup "multiple principal payments falling due in a calendar month."

05 Jun 2015

Asia stocks mostly down, euro sinks as Greece delays payment

Tokyo fell 0.44 percent by lunch, Hong Kong lost 0.20 percent and Seoul gave back 0.38 percent, but Sydney was flat and Shanghai rose 1.54 percent.

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