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.

Eurozone ministers reject Greek bailout extension: Sources

Last Updated: Saturday, June 27, 2015, 20:35

Eurozone finance ministers refused on Saturday to extend Greece`s bailout programme past June 30 after Athens called a referendum on reform proposals by creditors, sources told AFP.

EU to take in 40,000 migrants from Italy, Greece: Draft communique

Last Updated: Friday, June 26, 2015, 00:14

EU leaders will agree on Thursday to take in 40,000 asylum-seekers from Italy and Greece to confront a growing migrant crisis in the Mediterranean but delay a decision on how to share them out, according to a draft final summit statement.

David Cameron's EU reform drive sidelined at tense summit

Last Updated: Thursday, June 25, 2015, 18:36

British Prime Minister David Cameron arrived at an EU summit in Brussels Thursday to find his referendum reform push sidelined by twin crises over Greece and migration.

IMF quits Greek talks; EU tells Tsipras to stop gambling

Last Updated: Friday, June 12, 2015, 09:33

The International Monetary Fund dramatically raised the stakes in Greece`s stalled debt talks on Thursday, announcing that its delegation had left negotiations in Brussels and flown home because of major differences with Athens.

Indian-origin businessman elected head of global firm

Last Updated: Sunday, May 24, 2015, 10:32

Ranjit Singh Baxi, chairman of J & H Sales (International) ltd, will serve a two-year term as president of the Brussels-based recycling association.

Greece signals concessions in crunch talks with lenders

Last Updated: Friday, May 1, 2015, 15:37

Greece wants an interim deal by next week, hoping this will allow the ECB to ease liquidity restrictions before a 750 million euro payment to the IMF falls due on May 12. Athens has suggested it will struggle to pay the instalment.

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.

Greek programme must be realistically funded: EU commissioner

Last Updated: Monday, February 23, 2015, 17:53

European Union (EU) Economic and Financial Affairs Commissioner Pierre Moscovici Monday said the reform programme that will be submitted by the Greek government has to be ambitious, but also realistically funded, and the commitments made by the country, not only the current government, must also be taken into account.

Greece plays for time as bailout clock ticks down

Last Updated: Sunday, February 15, 2015, 21:53

Greece on Sunday expressed confidence that a deal with the EU over its loathed bailout could be reached, but also warned the February 28 deadline may be too tight.

Greek PM confronts EU leaders with bailout plan

Last Updated: Thursday, February 12, 2015, 22:15

Greek Prime Minister Alexis Tsipras talked up hopes of a deal on his country's rapidly expiring bailout today as he confronted EU leaders including German Chancellor Angela Merkel at his first Brussels summit.

Europe at `turning point` in bailout row: Greece`s Tsipras

Last Updated: Thursday, February 12, 2015, 17:03

Greece`s new prime minister Alexis Tsipras warned Thursday that Europe was at a critical crossroads as he prepared to discuss the row over the country`s huge bailout at a summit in Brussels.