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 must be realistic in debt talks: Dijsselbloem

Last Updated: Tuesday, April 28, 2015, 23:02

Greece needs to be realistic when negotiating debt relief, Eurogroup chief Jeroen Dijsselbloem cautioned on Tuesday, as Athens runs out of time and money to settle a deal.

Greek Parliament okays controversial cash reserve transfer

Last Updated: Saturday, April 25, 2015, 07:26

Greece's Parliament has adopted a controversial decree ordering all public institutions to hand over their cash reserves to the central bank to help Athens meet its financial obligations.

Greek Parliament okays controversial cash reserve transfer

Last Updated: Saturday, April 25, 2015, 07:26

Greece's Parliament has adopted a controversial decree ordering all public institutions to hand over their cash reserves to the central bank to help Athens meet its financial obligations.

Euro drifts lower on Greek default worries

Last Updated: Wednesday, April 22, 2015, 09:52

The euro drifted lower Wednesday on fears about a Greek debt default as mayors across the country lashed out at a government decree ordering them to hand over their cash reserves to help Athens pay its bills.

Greece's Tsipras to meet Merkel in Brussels as cash squeeze tightens

Last Updated: Wednesday, April 22, 2015, 05:34

Prime Minister Alexis Tsipras will meet German Chancellor Angela Merkel on the sidelines of an EU summit in Brussels on Thursday, the eve of a crucial meeting of euro zone finance ministers to assess progress made by Athens in its reform pledges.

Mayors lash out at Greek govt`s demand for cash as default fears grow

Last Updated: Wednesday, April 22, 2015, 05:18

Mayors across Greece lashed out Tuesday at a government decree ordering them to hand over their cash reserves as Athens struggled to pay off its massive debt and avert a possible default.

Greek finance minister says some election vows can be put off

Last Updated: Saturday, March 14, 2015, 17:37

Greece`s combative finance minister has indicated that Athens` new radical left government is prepared to put some of its campaign promises on hold while it seeks to build confidence among its creditors.

Greece, creditors to kick off fiscal talks in Athens: official

Last Updated: Thursday, March 12, 2015, 16:59

Greece and its international creditors were to begin fiscal talks in Athens on Thursday, with technical experts getting to grips on drawing up a new economic plan for the troubled eurozone nation.

Greek, German ministers clash as ECB snub hits Athens' banks

Last Updated: Friday, February 6, 2015, 03:10

Greece`s new leftist finance minister clashed openly with his powerful German counterpart on Thursday as Athens` borrowing costs leapt and bank shares plunged following the European Central Bank`s decision to stop funding the country`s lenders.

ECB cancels soft treatment of Greek debt in warning to Athens

Last Updated: Thursday, February 5, 2015, 09:25

The European Central Bank abruptly cancelled its acceptance of Greek bonds in return for funding on Wednesday, shifting the burden onto Athens` central bank to finance its lenders and isolating Greece unless it strikes a new reform deal.