Last Updated: Saturday, July 11, 2015, 23:05
Germany has drawn up plans for a temporary five-year Greek exit from the euro if it fails to improve its bailout proposals, a European source told AFP Saturday as eurozone finance ministers met in Brussels.
Last Updated: Saturday, July 11, 2015, 23:00
Eurozone finance chiefs warned that last-ditch talks Saturday on a bailout deal to stop Greece crashing out of the euro would be "extremely difficult", blaming a collapse of trust in the government in Athens.
Last Updated: Saturday, July 11, 2015, 19:41
Talks between eurozone finance ministers on Greece`s last-ditch bailout request will be "quite difficult" given the crucial need to rebuild trust with Athens, Eurogroup chief Jeroen Dijsselbloem said Saturday.
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.
Last Updated: Friday, July 10, 2015, 00:16
Eurozone countries have set a tight timeline for any deal to save Greece from economic collapse that could catapult it out of Europe`s common currency.
Last Updated: Thursday, July 9, 2015, 22:11
Greece was to submit a detailed bailout request to its eurozone partners Thursday in a last-ditch effort to save its collapsing economy and its place in the euro, in an unprecedented test of EU cohesion.
Last Updated: Thursday, July 9, 2015, 19:31
Greece was to submit a detailed bailout request to its eurozone partners Thursday in a last-ditch effort to save its collapsing economy and its place in the euro, with the EU president urging creditors to compromise on debt relief.
Last Updated: Thursday, July 9, 2015, 18:43
Following is a timeline of events in the Greek crisis since Sunday`s referendum:
Last Updated: Thursday, July 9, 2015, 18:24
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.
Last Updated: Thursday, July 9, 2015, 00:40
US Treasury Secretary Jacob Lew said Wednesday that Greece`s creditors need to give the country a path for debt sustainability and growth.
Last Updated: Wednesday, July 8, 2015, 18:05
Greece on Wednesday promised it would start pension and tax reforms next week, as demanded by creditors, in return for a three-year eurozone loan to drag its financial system back from the brink of collapse.
Last Updated: Wednesday, July 8, 2015, 17:56
Chancellor Angela Merkel`s tough stance on Greece plays well with German voters but carries a huge risk, analysts warn -- history would likely blame her for a catastrophic "Grexit".
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