''Greek economy to be one third smaller than at peak level''

Last Updated: Wednesday, August 5, 2015, 23:19

A leading economic think tank on Wednesday forecast that Greece`s GDP will shrink this year by three percent and 2.3 percent next year. Thus it will eventually be nearly a third smaller than it was at its peak.

ECB leaves stopgap funding for Greek banks unchanged

Last Updated: Wednesday, August 5, 2015, 21:59

The European Central Bank decided Wednesday to leave its emergency credit lifeline for Greece unchanged for the next two weeks, said a source close to the matter who asked not to be identified.

India's exports to Greece fall 15% on debt crisis: Govt

Last Updated: Wednesday, August 5, 2015, 19:40

The financial crisis in Greece has led to a 15.45 percent fall in India's exports to the European nation during the first quarter of this fiscal, Parliament was informed Wednesday.

Greece in 'final stretch' for deal with creditors: Alexis Tsipras

Last Updated: Wednesday, August 5, 2015, 18:45

Greece is in the "final stretch" of talks for a deal with creditors on a new bailout, Prime Minister Alexis Tsipras said Wednesday.

Greek finance minister says bailout deal possible by August 20

Last Updated: Wednesday, August 5, 2015, 01:14

Greek Finance Minister Euclid Tsakalotos expressed confidence Tuesday that Athens and its creditors will reach a deal on a new bailout in time for August 20, when a huge debt payment is due.

Greek market divides as banks sink, other shares rise

Last Updated: Tuesday, August 4, 2015, 19:10

Greece`s banking stocks plunged for the second day in a row on Tuesday, holding down the main Athens index which otherwise looked as if it was turning the corner after the previous day`s record rout.

S&P downgrades outlook for EU after Greece crisis

Last Updated: Tuesday, August 4, 2015, 09:15

Standard & Poor`s has changed the outlook for the European Union from stable to negative after the bloc`s support for Greece and following Britain`s decision to vote on leaving the EU, S&P reported Monday.

Greek stocks close with record drop of 16.23%

Last Updated: Monday, August 3, 2015, 22:44

Greece`s stock exchange closed Monday with a record drop of 16.23 percent on reopening after a five-week shutdown caused by capital controls.

Greek stocks take a beating as bourse reopens

Last Updated: Monday, August 3, 2015, 16:40

The ATHEX plunged nearly 23 percent at the opening before clawing back to losses of around 17 percent in midday trade, with analysts noting that the situation could deteriorate before the market aligns itself.

Greek stocks plunge 22% as bourse reopens

Last Updated: Monday, August 3, 2015, 13:30

The country`s main banks took a heavy blow at the opening with drops of around 30 percent.

Greeks brace for stock market carnage after five-week shutdown

Last Updated: Monday, August 3, 2015, 09:31

Trading on the Athens bourse was suspended in late June as part of capital controls imposed to stem a debilitating outflow of euros that threatened to collapse Greece`s banks and hurl the indebted country out of the euro zone.

Greece's stock market to reopen today after five-week shutdown

Last Updated: Monday, August 3, 2015, 06:04

Greece's stock market will reopen on Monday after a five-week shutdown caused by capital controls, but local investors will face restrictions aimed at stemming capital flight.