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Greece eyes midnight deadline for badly needed new bailout plan

Last Updated: Thursday, July 9, 2015, 09:45

Greek Prime Minister Alexis Tsipras vowed on Wednesday to present "credible" plans to seal more emergency loans from his exasperated European creditors ahead of a summit of all 28 EU leaders on the debt crisis on Sunday.

Greek PM calls Obama to discuss debt crisis

Last Updated: Wednesday, July 8, 2015, 11:19

Obama reiterated that it is in everyone's interest that Greece and its creditors reach a mutually-acceptable agreement, the statement said.

Eurozone leaders to hold emergency summit on Greece

Last Updated: Tuesday, July 7, 2015, 08:56

"It is now up to the government of Alexis Tsipras to make serious, credible proposals so that this willingness to stay in the eurozone can translate into a lasting programme," Hollande said.

Greece says 'no' to bailout offer

Last Updated: Monday, July 6, 2015, 08:27

Results showed about 61 per cent voted "no," compared with 39 per cent for "yes," with 100 per cent of the vote counted.

Greeks evenly split heading into crucial referendum

Last Updated: Friday, July 3, 2015, 23:58

At least 20,000 people turned out at each rally, at the end of a week of high drama following the government`s rejection of an aid deal with international creditors and the closure of banks.

Greece officially in default: eurozone stability fund

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."

Greek crisis will impact global economy: Doha bank CEO

Last Updated: Friday, July 3, 2015, 17:00

Greek Prime Minister Alexis Tsipras on July 1 decided to press ahead with a bailout referendum on accepting creditors' stringent demands.

IMF warns of huge financial hole as Greek vote looms

Last Updated: Thursday, July 2, 2015, 23:41

The International Monetary Fund delivered a stark warning on Thursday of the huge financial hole facing Greece as angry and uncertain voters prepare for a referendum that could decide their country`s future in Europe.

IMF: Greece needs 36 bn euros more from EU

Last Updated: Thursday, July 2, 2015, 21:45

That growth estimate was made before Greece broke off talks with official creditors last weekend and ordered capital controls and its banks shut for a week.

Greek government 'may resign' if it loses referendum

Last Updated: Thursday, July 2, 2015, 20:02

Greek Finance Minister Yanis Varoufakis said the government "may very well" quit if the public went against it in Sunday's plebiscite and voted for more austerity in return for international bailout funds.

Greek PM Tsipras offers conditional okay to bailout, creditors sceptical

Last Updated: Wednesday, July 1, 2015, 16:42

In exchange, Athens wants a 29 billion euro loan to cover all its debt service payments due in the next two years.

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.