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Greek debt News

23 May 2016

IMF said Greece needs 'unconditional' debt relief from EU creditors

A new IMF report on Greece`s financial situation said the country needs unconditional debt relief from European Union creditors over the long term to rebuild its financial strength.

18 Apr 2016

Greece mulls extra cuts to clinch EU-IMF debt talks: Source

Greece is examining a proposal by its creditors for additional cuts in return for debt relief, a government source said Monday as reform talks with senior EU-IMF officials were due to resume.

08 Dec 2015

Greece needs debt relief to combat crisis: UN expert

Greece needs debt relief from its international creditors to combat its dual economic and refugee crises, a UN expert said Tuesday.

03 Aug 2015

Gold extends weakness after worst month in 2 years

Spot gold was down 0.2 percent at $1,092.80 an ounce by 0019 GMT. The metal fell as low as $1,079.50 on Friday before recovering at the close. That was near last month`s trough of $1,077, its weakest since February 2010.

27 Jul 2015

Gold holds above 5-1/2-year low, but more weakness seen

Spot gold was flat at $1,097.96 an ounce by 0229 GMT after falling for a fifth straight week last week, the longest run since late 2012.

23 Jul 2015

Gold crawls off five-year low, but downside risk seen intact

Holdings in the world`s biggest gold-backed exchange-traded fund, SPDR Gold Shares, shrank for a fifth day on Wednesday to the lowest level since 2008.

22 Jul 2015

Recent developments in the Greek debt crisis

Greece reaches agreement with eurozone creditors on terms for a third rescue package after 17 hours of negotiations. Greek Prime Minister Alexis Tsipras agrees to tough reforms in return for talks on a three-year bailout worth up to 86 billion euros ($93 billion).

24 Jul 2015

Gold crash: Don't panic, you can watch out for these!

Though it is a perturbing sign for many investors who have parked their fund in bullion market, things might not be so gloomy for household Indian buyers.

22 Jul 2015

Gold rout: Five reasons behind its fall

Here's looking at five reasons behind the decline in gold prices.

20 Jul 2015

Gold dives to 5-year low in sharp selloff on strong dollar

"It looks like someone was taking advantage of the low liquidity environment at the moment. It`s a bit of speculative selling going on," said Victor Thianpiriya, analyst at ANZ Bank in Singapore.

13 Jul 2015

Gold slips with euro with no Greek deal, US rate hike signals

Gold edged lower on Monday, dragged down by the euro after a weekend emergency summit to tackle Greece`s debt crisis yielded no deal and with the U.S. Federal Reserve still on track to raise interest rates this year.

10 Jul 2015

Greek proposals `serious and credible`: Hollande

French President Francois Hollande on Friday welcomed the latest proposals from Athens on a fresh bailout plan as "serious and credible".

09 Jul 2015

EU's Donald Tusk urges creditors to give Greece debt relief

EU President Donald Tusk said Greece`s creditors must make a "realistic" proposal for managing the country`s huge debt, as Athens faces a midnight deadline to submit reform plans for an international bailout.

08 Jul 2015

EU`s Tusk says 'last chance' for Greek debt deal

EU President Donald Tusk warned Wednesday that Greece and its European partners now faced the very last chance to reach a rescue deal needed to keep debt-ridden Athens in the eurozone.

07 Jul 2015

Europe demands new Greek debt plan at crisis summit

European leaders warned Greek Prime Minister Alexis Tsipras to submit new bailout proposals at an emergency summit on Tuesday or risk leaving the euro, after Greeks defiantly voted `No` to further austerity.

07 Jul 2015

Gold dips below $1,170 despite Greek debt crisis

Gold has so far failed to see significant safe-haven bids sparked by the ongoing Greek crisis as fears of contagion seem to be limited. Strength in the dollar has also capped gains.

28 Jun 2015

IMF 'ready to provide assistance' in Greek crisis: Christine Lagarde

The International Monetary Fund is carefully monitoring the unfolding financial crisis in Greece and neighbouring countries, and is ready to provide assistance "as needed," Managing Director Christine Lagarde said Sunday.

Greek Prime Minister

26 Jun 2015

Tsipras, Merkel, Hollande met in Brussels: Source

The meeting, confirmed by a Greek government source, was aimed at resolving tensions between Athens and its international creditors, as negotiators race to avoid a potentially disastrous Greek default and euro exit.

25 Jun 2015

Eurogroup talks end with no deal, likely to meet again Saturday

Eurozone finance ministers` talks broke up without an agreement on a Greek debt deal on Thursday, Finland`s Alexander Stubb said, with sources saying they were likely to meet again on Saturday.

25 Jun 2015

IMF says it expects Greece will make June 30 payment

The International Monetary Fund said Thursday that it believes Greece will make a 1.5 billion euro ($1.7 billion) debt payment scheduled for June 30, as Athens continues to negotiate with creditors.

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