Europe, Greece Debt Crisis | featured news

IMF approves 3.2 billion euro loan tranche for Greece

The International Monetary Fund's executive board on Friday said it approved a disbursement of about 3.2 billion euros to help Greece pay debts due this month.

 

Asian markets stall after Greece gets debt warning

A credit agency warning that Greece could face default if it follows an international plan designed to help the country cope with its massive debts caused Asian markets to stall Tuesday.

 

S.&P. Warns Bank Plan Would Cause Greek Default

The rating agency said a plan proposed by the French government and banks to roll over some debt could fall within the definition of default.

 

South Asians hit by Greek crisis

Thousands of South Asian migrants have left Greece in recent months to escape the country's growing economic crisis, community leaders tell the BBC.

 

Greece backs austerity despite violent protests

Greece backs austerity despite violent protests

Greece's lawmakers approved a key austerity bill Wednesday needed to avert default next month, despite a second day of rioting on the streets of Athens that left dozens of police and protesters injured.

 

Protesters, riot police clash in Athens ahead of austerity vote

Protesters, riot police clash in Athens ahead of austerity vote

Riot police fired tear gas at youths hurling rocks and petrol bombs near the Greek finance ministry Tuesday, trying to quell the anger unleashed during mass protests and a general strike as parliament debated new cost-cutting measures.

 

Rescue Measures for Greece Advance as French Offer to Ease Debt

Under the plan, French banks would give Athens more time to pay back loans as they come due over the next three years.

 

Some Greeks Fear Government Is Selling Nation

The crown jewels of Greece’s socialist state are now likely to go to the highest bidder.

 

Greek Banks Feel Hostage to Debt Crisis

Unlike their government, Greek banks were seen as well-managed and prudent before the crisis. Now they are struggling to find funding.

 

Eurozone delays decision on vital Greek loans

Eurozone delays decision on vital Greek loans

Hours of talks between eurozone finance ministers on the imploding finances of Greece broke up early Monday morning without the ministers signing off on a vital installment of rescue loans needed to avoid bankruptcy next month.

 

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