Greek banks to reopen Monday but capital controls remain

Last Updated: Saturday, July 18, 2015, 18:55

Greek banks will reopen Monday after a three-week closure and withdrawal limits have been relaxed, but capital controls remain in place, a government decree said Saturday.

Gold slides to 8-month low as US rate rise looms

Last Updated: Friday, July 17, 2015, 17:43

Gold fell to an eight-month low on Thursday after the U.S. Federal Reserve`s reiteration that interest rates were likely to rise this year pushed the dollar index to a seven-week high.

Back Greek talks or face chaos, Merkel tells German lawmakers

Last Updated: Friday, July 17, 2015, 15:41

Chancellor Angela Merkel called on German lawmakers on Friday to back negotiations for a third Greek bailout, saying the alternative was chaos and that suggestions Athens might leave the euro temporarily wouldn`t work.

IMF`s Lagarde urges debt restructuring for Greece

Last Updated: Friday, July 17, 2015, 12:43

IMF Managing Director Christine Lagarde said on Friday the Fund was ready to participate in what she called a "complete" package to put the Greek economy back on its feet, make its debt sustainable and allow it to get its funding from financial markets.

ECB, Eurogroup give Greece breathing space after Athens vote

Last Updated: Thursday, July 16, 2015, 23:31

Eurozone ministers approved the launch of Greece bailout talks and the ECB boosted its cash lifeline to the crisis-hit country Thursday after lawmakers in Athens grudgingly passed a tough reform package demanded by creditors.

Greece to vote on bailout after explosive IMF report

Last Updated: Wednesday, July 15, 2015, 13:47

Greece on Wednesday geared up for a parliamentary vote on draconian reforms demanded by eurozone creditors in exchange for a huge new bailout, just hours after a bombshell report from the International Monetary Fund criticised the deal.

Spain PM to submit Greek debt deal to parliament

Last Updated: Wednesday, July 15, 2015, 13:40

Spain`s Prime Minister Mariano Rajoy said Wednesday he will submit the eurozone deal on Greece`s debts to parliament to ensure support for his country`s multi-billion dollar contribution.

Goldman Sachs could be sued for helping hide Greece's debts: Report

Last Updated: Saturday, July 11, 2015, 19:29

If Greece follows the advice of a former Goldman Sachs banker, the global investment banking firm could face legal action for helping hide the European country`s debts through complex transactions, a media report said on Saturday.

Greek PM wins backing for concessions; EU, IMF give positive signals

Last Updated: Saturday, July 11, 2015, 09:09

Greek Prime Minister Alexis Tsipras however faced a rebellion in his own party that could threaten his majority in parliament.

Greece submits reforms to creditors to stay in euro

Last Updated: Friday, July 10, 2015, 16:14

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.

Merkel insists Greece debt haircut 'out of the question'

Last Updated: Friday, July 10, 2015, 00:26

German Chancellor Angela Merkel reiterated Thursday that she opposes a debt "haircut" for Greece, a day after IMF chief Christine Lagarde called for debt restructuring for the crisis-hit country.

IMF to not bend rules over Greece debt issue

Last Updated: Thursday, July 9, 2015, 08:26

"Our loans to countries experiencing difficulties, our loans are conditional upon various requirements, but all of them aim at restoring stability, restoring growth and debt sustainability," she said, Xinhua reported.