Debt relief key as Greek bailout talks near deadline

Last Updated: Wednesday, June 24, 2015, 17:25

A deal between Greece and its international creditors is being held up by a standoff over the central issue of debt relief, Economy Minister George Stathakis said on Wednesday, ahead of meetings in Brussels aimed at clinching an accord.

Euro rises on hopes for Greek debt deal

Last Updated: Monday, June 22, 2015, 11:05

The single currency climbed to $1.1396 and 139.87 yen in Tokyo from $1.1349 and 139.23 yen in New York late Friday. The dollar fetched 122.73 yen against 122.69 yen in US trade.

Europe, IMF await new Greek concessions

Last Updated: Saturday, June 20, 2015, 19:10

European Union heads have called on Greece`s leftist government to present new reform and budget proposals, with Greek minister of state Alekos Flambouraris saying Saturday Athens could propose re-worked measures.

Greece hopeful of last-ditch deal despite default warnings

Last Updated: Friday, June 19, 2015, 17:57

Greece has until June 30 to agree a reform deal in order to secure the remaining portion of its multi-billion-euro bailout, which it needs to avoid defaulting on a debt payment of around 1.5 billion euros to the International Monetary Fund.

Greece talks of compromise as Merkel warns time is short

Last Updated: Tuesday, June 9, 2015, 10:43

Three days after Prime Minister Alexis Tsipras told his parliament the latest proposal from the EU and IMF was "absurd", the Greek government said it was ready to negotiate a settlement acceptable to both sides by the end of this month - when Greece`s bailout programme expires and it faces the prospect of default on its debts.

Euro steady after ECB and Greek debt meetings

Last Updated: Thursday, June 4, 2015, 13:11

The euro held its gains on Thursday, bolstered by the European Central Bank`s upbeat inflation forecasts and hopes for a last-minute Greek bailout deal.

Euro turns up as Greek bailout talks drag on

Last Updated: Tuesday, May 12, 2015, 08:58

Athens managed to garner enough money to repay the International Monetary Fund 750 million euros and avoid a default, keeping it from tumbling out of the eurozone for now.

EU`s Juncker says not enough progress on Greece bailout

Last Updated: Friday, March 13, 2015, 15:21

EU Commission chief Jean-Claude Juncker complained Friday about a lack of progress in talks on Greece`s bailout, but insisted there was no chance of a failure that could drive the country out of the eurozone.

EU focused on current Greek bailout: Angela Merkel

Last Updated: Wednesday, March 4, 2015, 21:23

German Chancellor Angela Merkel said Wednesday that the EU was focused on completing Greece`s current bailout, playing down any talk of a third rescue package for debt-hit Athens.

EU deal a `fig leaf` for Greece: FM Varoufakis

Last Updated: Friday, February 27, 2015, 18:10

Greece`s maverick Finance Minister Yanis Varoufakis on Friday called a hard-fought EU deal securing a bailout extension a "fig leaf" vaguely worded "deliberately" to secure approval by European parliaments.

German parliament approve Greek bailout extension

Last Updated: Friday, February 27, 2015, 17:59

Germany`s parliament approved an extension of Greece`s bailout on Friday after Finance Minister Wolfgang Schaeuble, who has voiced doubts about whether Athens can be trusted, promised he would not let Greece "blackmail" its euro zone partners.

Schaeuble urges German lawmakers to extend Greek bailout

Last Updated: Friday, February 27, 2015, 14:47

German Finance Minister Wolfgang Schaeuble urged parliament on Friday to take what he acknowledged was a difficult decision and approve an extension of Greece`s bailout.