ECB cuts funding for Greek banks as liquidity improves

Last Updated: Wednesday, August 19, 2015, 00:18

The European Central Bank cut emergency liquidity assistance (ELA) for Greek banks on Tuesday, in line with a request from Athens, several sources said, a positive sign that lenders are stabilising their operations and building cash reserves.

Greek government slightly eases capital controls

Last Updated: Wednesday, August 19, 2015, 00:16

The Greek government on Tuesday revealed it was easing slightly the capital controls imposed on the debt-hit country by allowing individuals to transfer 500 euros ($550) per month abroad.

Spanish parliament to approve new Greece bailout

Last Updated: Tuesday, August 18, 2015, 18:15

Spanish lawmakers were Tuesday to approve Greece`s third international bailout, which Prime Minister Mariano Rajoy decided to put to a vote in parliament ahead of a year-end general election.

Greek bailout: German lawmakers debate as Merkel faces rebellion

Last Updated: Tuesday, August 18, 2015, 17:40

German lawmakers broke off their holidays on Tuesday to debate Greece`s third bailout plan before approving it, though Chancellor Angela Merkel faces a rebellion in a vote shaping up as her last chance to keep Athens in the eurozone.

Greece approves deal for German firm to run 14 regional airports

Last Updated: Tuesday, August 18, 2015, 17:00

The Greek government on Tuesday approved a 1.23 billion euro ($1.36 billion) deal for Germany’s Fraport-Slentel consortium to run 14 regional airports, publishing the decision in its official gazette.

Germany praises Greek stance shift in debt talks

Last Updated: Sunday, August 16, 2015, 19:45

Germany`s hardline finance minister Wolfgang Schaeuble on Sunday hailed a change in tone in talks with Greece over its next bailout but warned Europe would closely monitor the pace of reforms in Athens.

Greek PM faces revolt after eurozone approves huge bailout

Last Updated: Saturday, August 15, 2015, 19:15

Greek Prime Minister Alexis Tsipras was Saturday battling a major revolt amongst members of his radical-left party who oppose the third huge bailout for the crisis-hit country.

Eurozone ministers approve Greek bailout deal

Last Updated: Saturday, August 15, 2015, 02:50

Eurogroup President Jeroen Dijsselbloem said late Friday that the finance ministers` meeting on Greece turned out "positive" and Greece is expected to get a new loan worth up to $95 bn.

Greek lawmakers back 3rd bailout after all-night debate

Last Updated: Friday, August 14, 2015, 15:43

Greek lawmakers approved their country's draft third bailout in a parliamentary vote on Friday that relied on opposition party support and saw the government coalition suffer significant dissent.

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

Last Updated: Friday, August 14, 2015, 13:07

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".

Greek lawmakers debate third bailout deal

Last Updated: Friday, August 14, 2015, 07:19

Greek lawmakers were preparing to vote Friday on the terms of the country`s third international bailout since 2010, a deal which has split the ruling radical left Syriza party and met with a wary response in Berlin.