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Greece bailout deal `will not work`: Varoufakis

Last Updated: Wednesday, August 12, 2015, 23:55

Greece`s former finance minister Yanis Varoufakis on Wednesday warned that the latest bailout deal was doomed to fail despite Prime Minister Alexis Tsipras saying he was "confident" of ending economic uncertainty.

Alexis Tsipras confident of Greece bailout deal backing

Last Updated: Wednesday, August 12, 2015, 23:12

Greek Prime Minister Alexis Tsipras said Wednesday he was confident that international creditors would back a framework bailout deal now being scrutinised by EU states and set for a parliamentary vote in Athens.

Greece will tumble back into deep recession in 2015: EU

Last Updated: Wednesday, August 12, 2015, 18:30

The Greek economy, which crawled out of a six-year recession only in 2014, will shrink 2.3 percent in 2015 and another 1.3 percent in 2016, the sources said.

Greece, creditors fine-tune third bailout

Last Updated: Wednesday, August 12, 2015, 18:25

Athens and its creditors were set today to put the finishing touches to a third international bailout agreement aimed at saving Greece's stricken economy from collapse.

Greek PM Alexis Tsipras confident of loan support as EU states scrutinise bailout

Last Updated: Wednesday, August 12, 2015, 18:23

Greek Prime Minister Alexis Tsipras on Wednesday said he was confident his debt-crippled nation would secure loan support from a third international bailout heading for parliamentary approval this week.

Greece's third bailout agreed 'in principle'

Last Updated: Tuesday, August 11, 2015, 19:50

"What we don't have is a political agreement," said Commission spokeswoman Annika Breidthardt, hours after Athens suggested that the deal was all but done.

Greece reaches deal with creditors

Last Updated: Tuesday, August 11, 2015, 12:15

Greece has reached a deal on a multi-billion bailout with its international creditors after marathon talks, a government source said Tuesday.

Greece to cut MP tax breaks, minister salaries: Tsipras

Last Updated: Monday, August 10, 2015, 20:41

"The political system must be responsive to the feelings of society," Tsipras told ministers according to a government note. 

Greece and creditors `close` to deal on third bailout

Last Updated: Monday, August 10, 2015, 09:07

Greece and its creditors continued marathon talks into Sunday night with both sides indicating that the terms of a third bailout were close to being finalised.

Greece makes loan interest payment to IMF

Last Updated: Friday, August 7, 2015, 02:43

Greece made a loan interest payment due Thursday to the International Monetary Fund, the institution said, avoiding another default as the debt-riddled country negotiates a third rescue plan.

Greek PM sees bailout deal after August 15

Last Updated: Friday, August 7, 2015, 01:32

Greek Prime Minister Alexis Tsipras and French President Francois Hollande agreed Thursday that Athens and its international creditors "can and must" reach a bailout deal after August 15.

Athens stock market gains 3.65% after three-day loss

Last Updated: Thursday, August 6, 2015, 21:53

The Athens stock market on Thursday closed with 3.65 percent gains, its first after three straight days of losses suffered since it was reopened this week following a five-week closure.