Greece, creditors trade barbs over latest EU reform demands

Last Updated: Sunday, June 7, 2015, 20:44

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.

Greece denies report that Juncker declined to take call from Tsipras

Last Updated: Saturday, June 6, 2015, 22:32

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.

Greece ducks Friday deadline by bundling IMF payments

Last Updated: Friday, June 5, 2015, 10:34

"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."

Asia stocks mostly down, euro sinks as Greece delays payment

Last Updated: Friday, June 5, 2015, 10:25

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.

Creditors agree to proposal for Greece to unblock aid

Last Updated: Wednesday, June 3, 2015, 15:02

Eurogroup President Jeroen Dijsselbloem said on Tuesday in an interview with RTL television channel that even if an agreement was reached this week, an immediate disbursement was technically impossible.

Greece's creditors draft deal to unlock aid, Athens resists

Last Updated: Wednesday, June 3, 2015, 01:56

Greece`s creditors drafted the broad lines of an agreement on Tuesday to put to the leftist government in Athens in a bid to conclude four months of acrimonious negotiations and release aid before the cash-strapped country runs out of money.

Gold holds up on Greek crisis, but dollar strength caps gains

Last Updated: Monday, June 1, 2015, 10:13

Spot gold was steady at $1,190.25 an ounce by 0322 GMT after earlier climbing to a session peak of $1,196.35, its highest since May 26.

Greece, EU partners pressed to resolve debt crisis at G7 finance meeting

Last Updated: Saturday, May 30, 2015, 09:40

The United States and Japan pressed Greece and its European partners to resolve Athens` debt crisis and avoid rattling the eurozone and the global economy, as the issue dominated talks of the Group of Seven finance ministers on Friday.

Greece mixes messages on expectations for deal

Last Updated: Friday, May 29, 2015, 17:41

With fears that a payment default could trigger a chain of events that could result in a messy exit from the euro, Greek officials have in recent days signalled they are hopeful a deal could be reached by Sunday, although its creditors are more sceptical.

Greece touts imminent loan deal, creditors cautious

Last Updated: Thursday, May 28, 2015, 00:12

Greece on Wednesday said it was close to a loan deal with its EU-IMF creditors that would unlock badly-needed bailout loans for its struggling economy.

Greece 'has no money' to meet June IMF debt repayment

Last Updated: Sunday, May 24, 2015, 23:15

Greece warned Sunday it has no money to repay the International Monetary Fund on time in June unless a deal is reached with its creditors, in a stark warning that the country could be just days away from defaulting.

Greece issues fresh warning on IMF payment in June

Last Updated: Sunday, May 24, 2015, 17:49

A Greek government minister said Sunday that Athens will be unable to repay the IMF on schedule next month, reiterating previous warnings by officials during tense talks with the country`s creditors.