India, EU likely to restart FTA talks on Aug 28

Last Updated: Tuesday, July 21, 2015, 21:45

After a gap of about two years, India and the European Union are expected to resume negotiations on August 28 on the proposed free trade agreement (FTA) to boost two-way commerce and investment.

More than half of Germans think planned Greek deal is bad: Poll

Last Updated: Sunday, July 19, 2015, 09:09

Lawmakers in Germany, the biggest contributor to euro zone bailouts, on Friday gave their go-ahead for the currency bloc to negotiate a third bailout for Greece that could total 86 billion euros ($93 billion) over three years.

German hardline finance chief Schaeuble, Europe's 'new boss'?

Last Updated: Friday, July 17, 2015, 22:27

Germany`s Finance Minister Wolfgang Schaeuble insists he is deeply pro-European, but for many his unbending stance on Greece has cast him as a villain in the struggle to save Athens from crashing out of the euro.

EU approves emergency loan of 7.16 bn euros for Greece

Last Updated: Friday, July 17, 2015, 19:52

The EU approved a short-term loan of 7.16 billion euros ($7.8 billion) to Greece allowing it to meet a huge payment to the ECB and repay the IMF while a new bailout is still being ratified, the EU`s top official for the euro said Friday.

Europe moves to restore funding to Greece after bailout vote

Last Updated: Thursday, July 16, 2015, 19:18

Prime Minister Alexis Tsipras won the backing of parliament in the early hours of Thursday for the stringent reform measures demanded by the creditors led by Germany, but was left weakened by a revolt in his left-wing Syriza party.

Greek parliament vote satisfies bailout deal terms: EU

Last Updated: Thursday, July 16, 2015, 17:36

"The authorities have legally implemented the first set of four measures agreed at the eurosummit in a timely and overall satisfactory manner," spokeswoman Annika Breidthardt told reporters.

Greece to vote on bailout after explosive IMF report

Last Updated: Wednesday, July 15, 2015, 19:53

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

Greek government suffers defections as austerity vote looms

Last Updated: Wednesday, July 15, 2015, 18:02

The vote will almost certainly see large numbers of Syriza lawmakers dissent and vote against the package, raising questions of the government's survival in its current form.

IMF calls for Greece debt relief as Germany talks tough

Last Updated: Tuesday, July 14, 2015, 22:17

The IMF`s stark warning on Athens` debt was leaked as Greek Prime Minister Alexis Tsipras struggled to persuade deeply unhappy leftist lawmakers to vote for a package of austerity measures and liberal economic reforms to secure a new bailout.

Disappointed with lack of progress in IMF quota reforms: EU

Last Updated: Tuesday, July 14, 2015, 00:08

European Union Monday expressed disappointment over the non-implementation of IMF quota reforms, which would give India and other major emerging economies greater say in the multilateral lender.

Factbox: Summary of Eurogroup proposal on Greece

Last Updated: Monday, July 13, 2015, 21:23

Eurozone leaders at a summit in Brussels were reviewing a draft proposal from their finance ministers that sets out conditions for Greece to open negotiations on a bailout.

Merkel warns 'long, difficult' road ahead for Greece deal

Last Updated: Monday, July 13, 2015, 13:29

"The road will be long, and judging by the negotiations tonight, difficult," Merkel told reporters, after bailout talks ended after more than 17 hours.