Greek PM Tsipras tells lawmakers he needs their support to stay

Last Updated: Wednesday, July 15, 2015, 23:46

"I am prime minister because I have a parliamentary group that supports me. If I do not have its support, it will be difficult to be prime minister the day after," he told the lawmakers, according to the official.

Greece to vote on bailout after explosive IMF report

Last Updated: Wednesday, July 15, 2015, 19:53

Greece on Wednesday geared up for a parliamentary vote on tough reforms demanded by eurozone creditors in exchange for a huge new bailout, just hours after a bombshell IMF report criticised the deal.

Greece to vote on bailout after explosive IMF report

Last Updated: Wednesday, July 15, 2015, 13:47

Greece on Wednesday geared up for a parliamentary vote on draconian reforms demanded by eurozone creditors in exchange for a huge new bailout, just hours after a bombshell report from the International Monetary Fund criticised the deal.

Greek PM faces 'Gordian Knot' to pass reforms for deal

Last Updated: Tuesday, July 14, 2015, 17:01

Having staved off financial meltdown with a new agreement from Greece`s international creditors, Tsipras now faces the anger of lawmakers and the public for agreeing to measures much tougher than those rejected in a referendum on July 5.

IMF `ready to work with Greece, EU`

Last Updated: Tuesday, July 14, 2015, 00:09

The International Monetary Fund said it stands is prepared to work with Greece and European Union partners to advance the third bailout effort for the country agreed early Monday.

Disappointed with lack of progress in IMF quota reforms: EU

Last Updated: Tuesday, July 14, 2015, 00:08

European Union Monday expressed disappointment over the non-implementation of IMF quota reforms, which would give India and other major emerging economies greater say in the multilateral lender.

BRICS, AIIB banks to break IMF, WB monopoly: China think tank

Last Updated: Monday, July 13, 2015, 18:40

The formation of the New Development Bank (NDB) by the BRICS nations along with the formation of the Asian Infrastructure Investment Bank (AIIB) will break the monopoly of the IMF and World Bank and make their functioning more democratic, a state-run Chinese think tank has said.

EU cancels summit on Greece as eurozone talks continue

Last Updated: Sunday, July 12, 2015, 15:50

"I have cancelled EUCO (the European Union summit) today," European Council President Donald Tusk said in a tweet.

Euro zone demands more from Greece, delays decision on aid

Last Updated: Sunday, July 12, 2015, 10:04

The Eurogroup session will resume on Sunday, five hours before heads of state and government of the 19-nation currency area are to meet to decide on Greece`s fate in the euro zone.

Major decision on Greece on Saturday: Dijsselbloem

Last Updated: Friday, July 10, 2015, 23:08

"We have to make a major decision. Whichever way," Dijsselbloem, who is also the Dutch finance minister, told reporters ahead of a cabinet meeting in The Hague.

Hopes rise for Greece bailout breakthrough

Last Updated: Friday, July 10, 2015, 21:39

The plan delivered by Prime Minister Alexis Tsipras`s administration for study by the EU, IMF and European Central Bank was to be put to a vote late Friday by Greek lawmakers.

EU, IMF, ECB, eurozone chiefs to speak today on Greece

Last Updated: Friday, July 10, 2015, 16:49

Commission spokesman Margaritis Schinas told a press conference that Jean-Claude Juncker, Christine Lagarde, Mario Draghi and Jeroen Dijsselbloem would discuss the plan in a conference call at 1100 GMT.