Eurozone ministers face shock Greece referendum call

Last Updated: Saturday, June 27, 2015, 16:13

The gambit by Tsipras heightened anxiety over a possible Greek default next Tuesday that could potentially push Greece towards an exit of the eurozone and risk throwing the European Union project as a whole into crisis.

Greece`s Varoufakis wants `clear decision` from Merkel at summit

Last Updated: Saturday, June 20, 2015, 22:10

Greece`s Finance Minister Yanis Varoufakis said German Chancellor Angela Merkel must make a clear decision at a eurozone summit Monday on whether to negotiate a rescue deal with Athens or heed populist calls to jettison the debt-wracked country.

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.

Greek PM sticks to hard line as contagion hits euro zone bonds

Last Updated: Tuesday, June 16, 2015, 17:11

Yields on bonds issued by other vulnerable euro zone states leapt in one of the most aggressive episodes of contagion since the height of Europe`s debt crisis in 2012.

Athens stocks surge 5.47% as optimism rises on debt talks

Last Updated: Thursday, June 11, 2015, 14:14

Athens shares leapt 5.47 percent at open on Thursday, boosted by hopes that Greece could be close to a deal with its creditors on a rescue deal.

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.

Merkel says ''there isn''t much time left'' for Greece

Last Updated: Tuesday, June 9, 2015, 10:28

The German chancellor confirmed her intention to meet again with Greek Prime Minister Alexis Tsipras in Brussels on June 17 under the auspices of the EU summit meeting with the Community of Latin American and Caribbean States, or CELAC.

Greece, creditors trade barbs over latest EU reform demands

Last Updated: Sunday, June 7, 2015, 20:44

Greek Finance Minister Yanis Varoufakis on Sunday called the proposals "borderline insulting". "It was an aggressive move designed to terrorise the Greek government," Varoufakis told Proto Thema daily.

Despite muted growth, MFs bullish on global equity funds

Last Updated: Sunday, June 7, 2015, 16:39

"We do believe that principal reason behind international equity funds not picking up currently is the differential tax treatment," JP Morgan Asset Management managing director and chief executive Nandkumar Surti told PTI, adding, "we keep giving representation on the issue to the government seeking a level playing field.

Greece denies report that Juncker declined to take call from Tsipras

Last Updated: Saturday, June 6, 2015, 22:32

The official added that Athens was still waiting for Greece`s creditors to respond to its own recent proposal for a deal to end the months-long impasse.

Greece ducks Friday deadline by bundling IMF payments

Last Updated: Friday, June 5, 2015, 10:34

"The Greek authorities have informed the (IMF) today that they plan to bundle the country`s four June payments into one, which is now due on June 30," IMF spokesman Gerry Rice said, citing rules allowing debtor countries to regroup "multiple principal payments falling due in a calendar month."