Greece Bailout | featured news

Some say Greek debt deal will make things worse

Latest austerity cuts approved as 100,000 take to the streets in protest; 93 buildings damaged in Athens.


Greece Cabinet OK's austerity plan


Greece's Cabinet approved austerity measures demanded in return for a new eurozone bailout of the debt-stricken country Saturday, a day ahead of a crucial vote in Parliament.


Greek deal -- first on, then off -- pushes stocks down

As is increasingly the case with the European financial crisis, the story changed between the time the evening papers went to bed Thursday night and the traders woke up Friday morning.


Breakthrough on Austerity Clears Way for Greek Deal

George Papandreou

After days of talks, Greek political leaders reached a deal Thursday to support a package of harsh austerity measures demanded by Greece’s financial backers in return for a bailout.


Wall Street eases as investors eye Greece

Stocks edged lower on Monday as a delay by debt-ridden Greece in accepting the terms of a bailout gave investors little reason to buy equities after a five-week rally.


Greece should give up budget control: Germany

Greece must surrender control of its budget policy to outside institutions if it cannot implement reforms attached to euro zone rescue measures, the German economy minister was quoted as saying on Sunday.


Greece, creditors on verge of clinching debt deal

Greece Debt Deal

Greece and its private creditors said on Saturday they were piecing together the final elements of a debt swap and expected to have a deal ready next week, essential for sealing a new bailout and avoiding an uncontrolled default.


Greeks reject EU 'budget control'

Greek officials reject German proposals for a eurozone budget commissioner to oversee spending, as agreement nears on a second bailout for Greece.


ECB policymaker wants banks off Greece bailout hook

European Central Bank policymaker Athanasios Orphanides called for euro zone leaders to abandon plans to make private sector investors help reduce Greece's debts, but his push showed no sign of gaining any traction in Europe's capitals on Friday.

Senh: Everyone needs to take part in helping Greece. The government can't do everything.


Greek finance minister urges EU to ‘fully and immediately’ implement bailout deal

Greece’s finance minister has called on the EU to implement “fully and immediately” an agreement reached last month overhauling the eurozone’s rescue fund and extending Greece a €109 billion ($157 billion) bailout. The finance ministry says Evangelos Venizelos wrote to senior officials, including European Central Bank President Jean-Claude Trichet, EU economic commissioner Olli Rehn and eurozone finance ministers. Excerpts of the letter were released Sunday.


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