Greece Bailout, Greece Debt Crisis | featured news

Greek debt buy-back will not apply to Greece's pension funds: PM

Greek pension funds will not take part in a debt buy-back that is a key part of the country's international bailout, Greek Prime Minister Antonis Samaras said in a newspaper interview.

 

Merkel acknowledges Germans' frustration on Greece

Germany's chancellor says she understands the frustration felt by many Germans over the repeated bailout programs for Greece.

 

Greece, creditors inch toward austerity agreement

Greece Bailout

Greece is inching towards an agreement with its international debt inspectors as they struggle to hammer out the details of (EURO)13.5 billion ($17.5 billion) in austerity measures for the next two years, a package essential for Greece to receive the next installment of its vital bailout funds.

 

Merkel gets a hostile reception on Greek visit

German Chancellor Angela Merkel got a hostile reception from many ordinary Greeks Tuesday when she flew into Athens on her first visit to the country since its debt crisis erupted three years ago....

 

Merkel offers Greek PM no extra time on bailout

Greece Bailout

Angela Merkel reassured Greek Prime Minister Antonis Samaras on Friday that she wanted his country to stay in the euro zone, but gave no sign of ceding to his pleas for more time to meet the tough terms of Athens' international bailout.

 

Budget breather for Greece would spur economic recovery: report

Greece Bailout

Finance ministry officials in Greece have calculated that the debt-stricken country's economy will recover faster and its debt be more sustainable if it is given two more years to reduce its budget deficit, a Greek newspaper reported on Saturday.

 

Greek leaders agree most cuts, lenders stay on: source

Greece Bailout

Political leaders in Greece have agreed on most of the austerity measures demanded by its creditors and are now eyeing pension and wage cuts to find the final 1.5 billion euros of savings still needed, a source close to the talks said on Sunday.

 

"Mr. Euro" named Greek finance minister

Yannis Stournaras

Yannis Stournaras, a well-respected liberal economist, was appointed Greece's new finance minister on Tuesday after the sudden resignation of the first choice for the job at a crucial moment for the debt-laden country.

 

Greek bailout wish-list sets up showdown with Europe

Greece's new government promised on Thursday to renegotiate the terms of the country's bailout without endangering its future in the euro, responding to intense pressure to ease mounting social tensions but also risking a showdown with European powers.

 

Greek stocks soar on pro-bailout party's poll gain

Greek stock markets rebounded strongly on Monday from a 22-year low on hopes a pro-bailout party will win crucial national elections next month, which would avoid a catastrophic rift with international creditors and keep the struggling country within the euro currency union....

 

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