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Bailouts

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  • ATHENS, Greece— Greece and rescue lenders are still working out the format of upcoming talks, the labor minister said Sunday, confirming a delay in the negotiations for a third international bailout. Bailout negotiators from the European Commission, European Central Bank, and International Monetary Fund had been due to start arriving in Athens last Friday to...

  • *Athens pushes for quick cash injection but talks could drag on. FRANKFURT/ ATHENS, July 26- Greek banks are set to keep broad cash controls in place for months, until fresh money arrives from Europe and with it a sweeping restructuring, officials believe. Answering this could hold up agreement on a third bailout deal for Greece that negotiators want to conclude...

  • ATHENS, July 25- Talks between Greece and its international creditors over a new bailout package will be delayed by a couple of days because of organizational issues, a finance ministry official said on Saturday. The meetings with officials from the European Commission, European Central Bank and International Monetary Fund were supposed to start on Monday...

  • ATHENS, July 25- Talks between Greece and its international creditors over a new bailout package should go ahead on Monday after logistical issues that delayed meetings this week are resolved, a Greek official said on Saturday. The meetings with officials from the European Commission, European Central Bank and International Monetary Fund had been expected...

  • Greek bailout talks to start on Monday after delay Saturday, 25 Jul 2015 | 8:01 AM ET

    ATHENS, July 25- Talks between Greece and its international creditors over a new bailout package should go ahead on Monday after logistical issues that delayed meetings this week are resolved, a Greek official said on Saturday. The meetings with officials from the European Commission, European Central Bank and International Monetary Fund had been expected...

  • BRUSSELS/ ATHENS, July 24- Talks on tying up a new bailout deal for Greece failed to start on Friday as had been expected, with officials blaming security worries for delaying the negotiations with international creditors who are detested by many Greeks. But representatives of Greece's creditor institutions- the European Commission, the European Central Bank...

  • ATHENS, Greece— Greece on Friday invited the International Monetary Fund to participate in its negotiations with European creditors over a vital third bailout— talks that are expected to start next week after a few days' delay and must conclude before Greece faces another big repayment Aug. 20. In a statement Friday evening, the IMF confirmed it had received...

  • BRUSSELS, July 24- No date has been set for the beginning of formal talks on a new rescue program for Greece because international creditors are still looking for a secure place to hold negotiations in Athens, a European Commission official said on Friday. But representatives of Greece's creditors-- the European Commission, the European Central Bank and the...

  • FOREX-Euro rises as Greece makes move for bailout Thursday, 23 Jul 2015 | 3:00 PM ET

    *Euro touches 1- week high above $1.10 as bears unwind bets. NEW YORK, July 23- The euro strengthened on Thursday, briefly rising above $1.10 for the first time in a week, as the Greek parliament approved a second set of reforms required to start negotiations with lenders in a bid to avert bankruptcy. Greece might even be perceived as taking the initiative to revive...

  • FOREX-Euro rises as Greece progresses on bailout steps Thursday, 23 Jul 2015 | 10:46 AM ET

    *Euro briefly breaks above $1.10 on exit of bearish bets. NEW YORK, July 23- The euro strengthened on Thursday, briefly rising above $1.10 for the first time in a week, as the Greek parliament approved a second set of reforms required to start negotiations with lenders in a bid to avert bankruptcy. Greece might even be perceived as taking the initiative to revive...

  • ATHENS, July 23- Greece's most influential think tank warned on Thursday of a sharp drop back into recession in a report that came hours after parliament approved a second package of reform measures aimed at securing a new bailout from international lenders. The report underlined the headwinds facing leftwing Prime Minister Alexis Tsipras, who must...

  • ATHENS, Greece— Discussions over Greece's third bailout in five years are set to begin in Athens imminently after Greece's parliament approved Thursday tough new conditions set by European creditors. Officials in Athens and at the European Union said negotiators are expected to start arriving on Friday, marking the first time high-level talks will be held...

  • *For Eikon page on Greece and the euro zone, click http://tmsnrt.rs/1LlrwQw. ATHENS, July 23- Greek Prime Minister Alexis Tsipras contained a rebellion in his left-wing Syriza party to win parliamentary approval on Thursday for a second package of reforms required to start talks on a financial rescue deal. The bill that lawmakers voted on early Thursday...

  • PARIS/ BERLIN, July 22- Greece's new bail-out deal imposes a stiff dose of budget rigor and market deregulation which critics say few leaders of Western Europe's biggest nations have dared serve their own voters. "Francois Hollande is very good at telling others how to do their reforms," opposition French conservative Xavier Bertrand said in a dig at France's...

  • *For Eikon page on Greece and the euro zone, click http://tmsnrt.rs/1LlrwQw. ATHENS, July 22- Greece's leftist government tried on Wednesday to contain a rebellion in Prime Minister Alexis Tsipras' Syriza party ahead of a vote in the evening on reforms required to start talks on a rescue deal. "We are making an effort to have fewer dissenters," Health Minister...

  • *For Eikon page on Greece and the euro zone, click http://tmsnrt.rs/1LlrwQw. ATHENS, July 22- Greece's leftist government urged disgruntled lawmakers on Wednesday to back reforms required for talks on a rescue deal to start, as Prime Minister Alexis Tsipras faced his second major test in parliament in a week. "We are making an effort to have fewer dissenters,"...

  • ATHENS, Greece— Greece's radical left-led government emerged bloodied but alive early Thursday from a key vote in parliament, which overwhelmingly approved new creditor-demanded reforms despite a revolt among hardliners in the main coalition partner. Without the money Greece would face financial ruin and forced exit from the euro currency club.

  • Greek PM Tsipras faces key bailout vote test on Wednesday Wednesday, 22 Jul 2015 | 2:43 AM ET

    *For Eikon page on Greece and the euro zone, click http://tmsnrt.rs/1LlrwQw. ATHENS, July 22- Greek Prime Minister Alexis Tsipras faces his second major test in a week in parliament on Wednesday over reforms he wants lawmakers to adopt so bailout talks to keep the country in the euro can begin. Tsipras is likely to need opposition votes again for measures...

  • S&P raised its rating for Greece to CCC+ from CCC-, saying the country's liquidity perspective has improved after euro zone finance ministers last week gave their initial consent to a three-year loan programme to keep the country in the euro. "We think opportunities for Greece to default on commercial debt this year are few," S&P said in a report.

  • That classification means Greece is still on shaky financial ground, but less likely to face an immediate credit crisis. S&P had previously rated Greece as "CCC-," a category signaling that loan payments are likely to be missed within six months. Greece was on the brink of reneging on part of its national debt of 320 billion euro earlier this month until agreeing to a...