As default looms, Merkel rules out more negotiations with Greece

Last Updated: Tuesday, June 30, 2015, 22:58

Merkel said there could be no new negotiations until after a July 5 referendum that Greek Prime Minister Alexis Tsipras has called on an offer made last week by creditors, which Tsipras has told Greek voters to reject.

Merkel says won't discuss new Greek request before referendum: Lawmaker

Last Updated: Tuesday, June 30, 2015, 21:26

Greece on Tuesday requested a two-year rescue deal with the European Union to save the crisis-hit country, just hours before its international bailout expires.

Greece declines to pay IMF loan instalment on Tuesday

Last Updated: Tuesday, June 30, 2015, 19:03

The Greek minister made the statement outside the finance ministry in Athens when asked by media about the issue with the critical deadline expiring on Tuesday afternoon.

Back to the drachma? Greek lawmaker touches a nerve

Last Updated: Tuesday, June 30, 2015, 17:51

But there are a growing number of warnings from Greece`s European partners that a `No` vote in a referendum on Sunday on the terms of a bailout deal would lead to a Greek exit from Europe`s common currency.

S&P cuts Greece rating after referendum called

Last Updated: Tuesday, June 30, 2015, 01:57

Standard & Poor`s downgraded Greece`s credit rating deeper into junk territory on Monday, saying the government`s decision to hold a referendum on creditor proposals brought it closer to default.

`Grexit` to `Greferendum`: Athens on the brink of default

Last Updated: Sunday, June 28, 2015, 15:46

In Brussels, a sense of stupor prevails. The decision comes at the worst moment, in the final stage of negotiations when "98-99 percent" of the deal had already been agreed, according to a participant in the talks.

Greek parliament approves referendum on bailout terms: Assembly

Last Updated: Sunday, June 28, 2015, 07:01

A proposed referendum on the latest offer of a deal made to Greece by its EU-IMF creditors was approved by a majority in the Greek parliament late Saturday night, according to the assembly`s count.

Greeks rush to withdraw cash as MPs debate bailout referendum

Last Updated: Sunday, June 28, 2015, 02:02

Greek lawmakers on Saturday debated whether to hold a controversial bailout referendum as fears of a default intensified and worried customers began queueing to withdraw money.

Eurozone ministers reject Greek bailout extension: Sources

Last Updated: Saturday, June 27, 2015, 20:35

Eurozone finance ministers refused on Saturday to extend Greece`s bailout programme past June 30 after Athens called a referendum on reform proposals by creditors, sources told AFP.

Germany says surprise Greek referendum plan shuts door on negotiations

Last Updated: Saturday, June 27, 2015, 19:29

But after they were blindsided by Tsipras`s surprise middle-of-the-night announcement that he rejected their offer and would put it to voters only after Tuesday`s deadline, several said all that remained to discuss was "Plan B" - how to limit the damage.

Greece says wants to continue debt talks based on its proposals

Last Updated: Saturday, June 27, 2015, 19:05

Greece wants to continue negotiations for a cash-for-reforms deal with its creditors based on the proposals it has submitted, which the government believes are the best basis for talks, a Greek government official said on Saturday.

IMF `will continue to work` on stability for Greece: Lagarde

Last Updated: Saturday, June 27, 2015, 17:55

"The purpose of what we`re doing is to actually restore stability of the economy in Greece, this is what we`ll continue to do. We`ll continue to work," Lagarde told reporters before joining a meeting of eurozone finance ministers.