ECB set for emergency talks as `Grexit` looms
The European Central Bank was set to hold emergency talks Sunday on whether to keep or cut its financial lifeline to Athens, as France warned of a "real risk" Greece will leave the euro.
Jun 28, 2015, 16:36 PM IST
Merkel urges Greece to accept 'extraordinarily generous' offer
German Chancellor Angela Merkel urged Greece today to accept an "extraordinarily generous" offer from its EU-IMF creditors, which includes at least 12 billion euros (USD 13.4 billion) in further rescue cash over the next five months.
Jun 26, 2015, 23:29 PM IST
Greece creditors offer five-month bailout extension
Greece's international creditors on Friday offered Athens a five-month, 12-billion-euro (USD 13.4-billion) extension of its bailout programme but said it must seal a deal this weekend to avoid an IMF default next week.
Jun 26, 2015, 19:20 PM IST
Greece creditors ready to disburse 1.8 bn euros once parliament backs reforms: Document
Greece`s creditors are ready to disburse 1.8 billion euros in financial aid to help it meet a crucial IMF payment if parliament votes in favour of a reform deal, a negotiating document seen by AFP said Friday.
Jun 26, 2015, 17:04 PM IST
Greece may cause churn in Indian stocks, debt market: Assocham
The fallout of Greece crisis has largely been factored in by markets even though an immediate jolt is not ruled out and India can be impacted with upheavals expected in stocks and debt markets, Assocham has said.
Jun 25, 2015, 17:09 PM IST
Asian markets retreat as Greece talks stumble
While both sides agreed to resume talks later in the day, there are fears they could fail to reach an agreement to unlock crucial bailout funds, leaving Athens in default and possibly crashing out of the eurozone.
Jun 25, 2015, 08:30 AM IST
Greek deal hopes could face reality of political hurdles in Athens
Hopes were high Tuesday that Greece and its creditors can seal a debt deal with exactly one week left to avert default, but those could fade as the Greek premier must convince his anti-austerity party to approve concessions needed to unblock bailout funds.
Jun 24, 2015, 09:35 AM IST
ECB again increases emergency liquidity reserve for Greek banks
The European Central Bank (ECB) again increased emergency liquidity funds for Greece`s banks Monday, according to a Greek bank source who said the ECB may renew the hike "at any time" if necessary.
Jun 22, 2015, 15:58 PM IST
Greece mulls next move as clock ticks on debt talks
With its banks hanging on life support from the European Central Bank, and billions of euros being withdrawn daily, Greece may have to impose capital controls within days unless a breakthrough is made at Monday`s summit.
Jun 21, 2015, 09:31 AM IST
Greece hopeful of last-ditch deal despite default warnings
Greece said Friday it was still hopeful for an 11th-hour deal to stop it defaulting on its debt, as despairing Greek savers withdrew their cash from the country`s troubled banks ahead of fresh talks next week.
Jun 20, 2015, 09:09 AM IST
Euro zone to discuss handling Greek defaut if no new proposals: Sources
Euro zone finance ministers will discuss how to hand a looming Greek default at a meeting on Monday unless Athens submits new proposals in the loans-for-reforms talks, EU officials said.
Jun 19, 2015, 22:52 PM IST
ECB boosts emergency funding as Greek banks bleed, Tsipras calm
The European Central Bank expanded emergency funding for Greek banks as savers pulled out 1.2 billion euros in a single day on Friday, bankers said, but Prime Minister Alexis Tsipras insisted the nation`s future in the euro was secure.
Jun 19, 2015, 22:02 PM IST
Greece gets temporary lifeline for banks amid uncertainty
Greece got a temporary lifeline for its banks today to help them cope with a deposit drain in the run-up to a summit of the eurozone's 19 leaders that could determine the country's future in the euro.
Jun 19, 2015, 20:28 PM IST
ECB to hold emergency meeting on Greek bank funding
The request comes just days after the ECB approved a 1.1-billion-euro increase in the ELA ceiling to 84.1 billion euros.
Jun 19, 2015, 12:33 PM IST
Greece, creditors dig in after debt talks founder
"It is not a matter of ideological stubbornness. It has to do with democracy," said the 40-year-old leftist, who was elected on a pledge to end austerity.
Jun 16, 2015, 08:20 AM IST
Greek talks failure hits world shares, buoys low-risk debt
Failure in the latest talks aimed at averting a Greek default hurt shares in Europe and Asia on Monday, drove investors into the safety of low-risk government bonds and weighed on the euro.
Jun 15, 2015, 15:06 PM IST
Greece deal 'requires difficult decisions by all sides' : IMF
An agreement on Greece will require "difficult decisions by all sides," the IMF said, after last-ditch talks between cash-strapped Athens and its EU-IMF creditors ended with no deal on Sunday.
Jun 15, 2015, 09:54 AM IST
Greece and creditors fail in "last attempt" to reach deal
Following what it called this "last attempt" at a solution, the EU`s executive Commission said euro zone finance ministers would now tackle the issue when they meet on Thursday.
Jun 15, 2015, 09:23 AM IST
Asia shares wallow near 3-month lows on Fed anxiety, Greece
Asian shares made a tentative rebound from three-month lows on Wednesday though the spectre of higher borrowing costs in the United States and concerns about the apparent lack of progress in talks between Greece and its creditors sapped confidence.
Jun 10, 2015, 09:12 AM IST
Greek leader seeks party backing as EU warns on cash deal hopes
Greek Prime Minister Alexis Tsipras called on his fractious Syriza party to rally behind the government on Tuesday as time runs critically short to unlock funding from international lenders and avert a debt default.
Jun 10, 2015, 08:58 AM IST