Merkel says ''there isn''t much time left'' for Greece

Last Updated: Tuesday, June 9, 2015, 10:28

The German chancellor confirmed her intention to meet again with Greek Prime Minister Alexis Tsipras in Brussels on June 17 under the auspices of the EU summit meeting with the Community of Latin American and Caribbean States, or CELAC.

Golbal Economy Weekahead: Pick-up continues as Greek drama plays on

Last Updated: Sunday, June 7, 2015, 16:02

Athens delayed a key debt payment to the International Monetary Fund on Friday, branding as "absurd" the terms of a proposed aid deal from lenders.

Greek PM rejects 'absurd' offer from lenders, delays IMF payment

Last Updated: Saturday, June 6, 2015, 08:18

Tsipras made no mention of elections in an address that focussed on attacking the aid plan offered by euro zone and IMF creditors.

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."

Greece in last-ditch EU talks to break debt deadlock

Last Updated: Wednesday, June 3, 2015, 16:53

"It is not a take-it-or-leave-it document but an initiative to accelerate talks as the timing to get a deal in time for the end of the month is getting tight," a European source close to the negotiations told AFP.

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 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.

Merkel says still `a lot to do` for Greek debt deal

Last Updated: Friday, May 22, 2015, 13:33

The delay in reaching an agreement has led to concerns Athens is running critically short of cash and may soon end up defaulting, which could set off a messy exit from the euro.

Greece will not make IMF payment on June 5 without a deal: lawmaker

Last Updated: Wednesday, May 20, 2015, 12:45

Athens faces several payments totaling about 1.5 bn euros to the IMF next month and it is in talks with the European Union and the International Monetary in order to clinch a cash-for-reforms deal before it runs out of cash.

Greek economy slips back into recession

Last Updated: Wednesday, May 13, 2015, 15:51

Greece`s economy contracted by 0.2 percent in the first quarter of this year, preliminary data from the national statistics agency ELSTAT showed Wednesday, pushing the country back into recession.

Eurogroup chairman says more time need for Greece deal

Last Updated: Friday, May 8, 2015, 16:54

Greece is hoping the meeting will make a "positive statement" on negotiations.

Greece defies euro zone on pension, labour reform

Last Updated: Thursday, May 7, 2015, 18:25

Greece defied its international creditors on Thursday by sticking to "red lines" on pension and labour market reforms and urging lenders to give ground, dimming prospects of progress next week towards securing desperately needed financial aid.