Last Updated: Friday, July 3, 2015, 18:59
The European Financial Stability Facility (EFSF) declared "an event of default by Greece", but added that it had "decided not to request immediate repayment of its loans nor to waive its right to action."
Last Updated: Friday, July 3, 2015, 10:37
No matter the solution found for Greece`s debt crisis, fixing problems in Greek tax structures, foreign investment flows and export activity must take place for the economy to start growing again.
Last Updated: Wednesday, July 1, 2015, 13:34
Greece was appealing to its euro zone partners and the European Central Bank on Wednesday to keep it afloat after defaulting on its debt to the International Monetary Fund and losing frozen international bailout money.
Last Updated: Wednesday, July 1, 2015, 00:19
"The Eurogroup just finished. We will continue tomorrow morning to allow finance ministers to examine the proposals of the Greek government," the source said.
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.
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.
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.
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.
Last Updated: Tuesday, June 30, 2015, 14:31
US President Barack Obama and his French counterpart Francois Hollande have agreed to combine their efforts to work on a package that will return the financial crisis-hit Greece to the path of recovery.
Last Updated: Monday, June 29, 2015, 21:17
Shares of Indian companies with exposure to Europe faced selling pressure on Monday amid worries over the Greek debt crisis.
Last Updated: Friday, June 26, 2015, 18:19
Greek debt will miss debt targets set out by creditors in 2012 but an analysis prepared for euro zone finance ministers shows its debt burden is still sustainable without writing off principal -- if Greece gets another three-year bailout.
Last Updated: Friday, June 26, 2015, 16:50
The leaders of France and Germany on Friday handed Greek Prime Minister Alexis Tsipras a weekend ultimatum to strike a debt deal with EU-IMF creditors or risk default.
more videos >>
