GO
Loading...

Enter multiple symbols separated by commas

Bailouts

More

  • 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...

  • ATHENS, July 21- Greek Prime Minister Alexis Tsipras tried to rally his leftwing Syriza party on Tuesday ahead of a vote in parliament on the second package of measures demanded by international creditors as a condition for opening talks on a new bailout deal. Talking to Syriza officials on the eve of the vote, he said he aimed to seal the bailout accord, which could...

  • BRUSSELS/ ATHENS, July 21- Greece and its euro zone partners formally launched talks on July 17 designed to lead to a third bailout programme for Athens that could total 86 billion euros over three years. Greece also secured bridge financing of 7.16 billion euros on the same day for a three-month period to tide it over until the bailout package is agreed.

  • ATHENS, Greece— Under Alexis Tsipras, Greece slid back into recession, sank deeper into debt and found itself pushed to the brink of bankruptcy. But the telegenic prime minister is more popular than ever— testament to how his defiance of Europe has struck a chord with a nation fed up with sacrifices imposed from outside. As Greece's economy tanked under his...

  • UPDATE 1-Greece looks to seal bailout deal in weeks Tuesday, 21 Jul 2015 | 8:48 AM ET

    ATHENS, July 21- Greece should wrap up bailout talks with international lenders by August 20, once parliament approves the second package of measures demanded by creditors on Wednesday, the government's spokeswoman said. But he said last week he aimed to seal the bailout accord, which could offer Greece up to 86 billion euros in new loans to bolster its tottering...

  • ATHENS, Greece— Greece's government spokeswoman says talks with the country's creditors for a new multibillion-euro rescue package will begin right after parliament approves laws on propping up and winding up banks. She said negotiations on the new bailout will conclude on Aug. 20. Gerovasili said Greece already met other conditions outlined by creditors...

  • NITRA, Slovakia, July 21- Bozena Vargova, a retired physiotherapist from Slovakia, cannot understand why her country should bail out Greeks who often earn twice as much as Slovaks and run up debts. In the bitter wrangling over whether the euro zone should bail out Greece, some people sympathetic to Athens framed the debate as a stand-off between Europe's rich and...

  • Greek deal: Markets are 'cautiously optimistic' Tuesday, 21 Jul 2015 | 4:20 AM ET
    Greek deal: Markets are 'cautiously optimistic'

    Jennifer McKeown, senior European economist at Capital Economics, gives her thoughts on markets, elections, and the euro in relation to Greece.

  • Greece VAT rise hurts as bailout terms start to bite Monday, 20 Jul 2015 | 2:25 PM ET

    ATHENS, July 20- To tourists wandering the narrow streets of central Athens, 20 cents on the price of souvlaki- a Greek favorite of grilled meat on a skewer- may not seem much. The VAT rise, demanded by Greece's lenders in return for a rescue deal, forced the restaurant where Giokas works to push up the price of souvlaki- wrapped in flatbread with salad and drizzled in...

  • ATHENS, July 20- Greece reopened its banks and ordered billions of euros owed to international creditors to be repaid on Monday in the first signs of a return to normal after last week's deal to agree a tough new package of bailout reforms. The bank closures were the most visible sign of the crisis that took Greece to the brink of leaving the euro earlier this month,...

  • Greece: Not so happy Monday! Monday, 20 Jul 2015 | 9:08 AM ET

    Monday should have been a good day for Greece with banks re-opening and receiving over 7 billion euros in financing. But turns out, they don't have much to celebrate.

  • European Union officials hope Greece's third bailout deal will be in place by mid-August when Athens needs to make debt redemption payments to the European Central Bank. Greece has initiated the process for the payment of a total 6.25 billion euros to the ECB and the International Monetary Fund, Finance Ministry officials told Reuters.

  • ATHENS, July 20- Greece reopened its banks and started the process of paying off billions of euros owed to international creditors on Monday in the first signs of a return to normal after a deal to agree a new package of bailout reforms. The bank closures were the most visible sign of the crisis that took Greece to the brink of leaving the euro earlier this month,...

  • SPECIAL REPORT-The man who cost Greece billions Monday, 20 Jul 2015 | 5:29 AM ET

    ATHENS, July 20- Once again Alexis Tsipras was struggling to make a decision. For hours on July 13, the Greek prime minister and Europe's leaders had been trying to thrash out a new deal to bail out bankrupt Greece and keep the country in the euro zone. Now a clean copy of the latest text had been printed, and German Chancellor Angela Merkel, French President Francois...

  • The adult in the room is IMF, not Greece, Germany Monday, 20 Jul 2015 | 5:00 AM ET
    The adult in the room is IMF, not Greece, Germany

    Richard Thaler, professor of behavioral science and economics at University of Chicago Booth School of Business, discusses Greece and Germany's relationship.

  • ATHENS, July 20- Greeks queued outside banks on Monday as they reopened three weeks after closing to stop the system collapsing, the first cautious sign of a return to normal after a deal to start talks on a new package of bailout reforms. However limits on withdrawals will remain and payments and wire transfers abroad will still not be possible- a situation which...

  • SHANGHAI, July 20- China stocks erased early losses and ended Monday higher, after the country's securities regulator reaffirmed its support for the market, denying a media report that the government was studying how to end its bailout. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.2 percent, to 4,160.61, while the Shanghai...