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Europe Top News and Analysis Greece


  • ATHENS, Aug 1- Greece may seek 24 billion euros in a first tranche of bailout aid from international lenders in August to prop up its banks and repay debts falling due at the ECB, a pro-government Greek newspaper said in its early Sunday editions. Athens is now in talks with the European Commission and the International Monetary Fund to secure up to 86 billion euros...

  • ATHENS, July 31- Greece's stock market will reopen on Monday after a five-week shutdown caused by capital controls, but local investors will face restrictions aimed at stemming capital flight, a bourse spokeswoman said on Friday. The Athens Stock Exchange has been shut since June 29, when the government closed banks and imposed strict limits on withdrawals and...

  • ATHENS, July 31- Prime Minister Alexis Tsipras acknowledged on Friday that his government had made covert contingency plans in case Greece was forced out of the euro, but rejected accusations that he had plotted a return to the drachma. Tsipras was forced to respond to the issue in parliament after former finance minister Yanis Varoufakis this week revealed...

  • *Athens stock market could re-open on Monday. *ETF performance could be guide for Athens re-opening. LONDON, July 31- U.S.-listed equity instruments tied to Greece have fallen around 20 percent since the Athens stock market was closed in late June, heralding a potentially rough start when it finally re-opens.

  • Tsakos tops 2Q profit forecasts Friday, 31 Jul 2015 | 8:30 AM ET

    ATHENS, Greece _ Tsakos Energy Navigation Ltd. on Friday reported second-quarter net income of $41.3 million, after reporting a loss in the same period a year earlier. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share. Six analysts surveyed by Zacks expected $119.4 million.

  • Diana Shipping reports 2Q loss Friday, 31 Jul 2015 | 8:21 AM ET

    ATHENS, Greece _ Diana Shipping inc. on Friday reported a loss of $15.5 million in its second quarter. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share. Diana Shipping shares have increased 13 percent since the beginning of the year.

  • ATHENS, Greece— Greece's talks with its international creditors on a third bailout worth 85 billion euros shifted into a higher gear on Friday, with lead negotiators from the European Union and International Monetary Fund meeting key ministers in Athens. The bailout talks with the IMF, European Commission, European Central Bank and European Stability...

  • WASHINGTON, July 30- The International Monetary Fund can only approve new loans for Greece after Athens reaches an agreement with European governments that would ensure it can pay its debts, an IMF official said on Thursday. The IMF has teamed up with the European Union and the European Central Bank in recent years to lend Greece money repeatedly to save it from a...

  • IMF won't join Greek bailout before reforms, debt relief Thursday, 30 Jul 2015 | 12:29 PM ET

    WASHINGTON— The International Monetary Fund official cannot participate in another Greek bailout until Greece and its creditors make difficult decisions on economic reforms and debt relief, a fund official said Thursday. Briefing reporters on condition of anonymity, the official said Greece needs to commit to reforms and creditors must provide debt...

  • WASHINGTON, July 30- The International Monetary Fund will not reach a deal on a new debt program with Greece until Athens reaches an agreement with European governments that would ensure it can pay its debts, an IMF official said on Thursday.

  • WASHINGTON, July 30- The International Monetary Fund can participate in discussions over the latest financial rescue for Greece but cannot officially join the talks until after the fiscally beleaguered nation has agreed to comprehensive reforms, the Financial Times reported on Thursday. The FT report, citing a confidential summary it obtained of the IMF...

  • IMF cannot join Greek rescue, board told Thursday, 30 Jul 2015 | 10:12 AM ET
    IMF Managing Director Christine Lagarde

    The IMF board has been told that Greece is not allowed to get a third IMF bailout, The Financial Times Reports.

  • Diana Containerships meets 2Q profit forecasts Thursday, 30 Jul 2015 | 9:30 AM ET

    ATHENS, Greece _ Diana Containerships Inc. on Thursday reported second-quarter profit of $891,000. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 1 cent per share. Four analysts surveyed by Zacks expected $16.9 million.

  • Greek PM seeks to quash rebellion with party vote Thursday, 30 Jul 2015 | 12:02 AM ET

    ATHENS, Greece— In a bid to consolidate his political support and clinch a crucial bailout with creditors, Greek Prime Minister Alexis Tsipras on Thursday called for a vote within his party to decisively sideline rebels opposed to the rescue deal. Tsipras is gambling that with a win, he would discredit the rebel party members, a group who contend the terms are too...

  • ATHENS, July 29- Greek Prime Minister Alexis Tsipras, struggling to contain a revolt in his left-wing Syriza party, said on Wednesday that his government would not implement reform measures beyond those agreed with lenders at a euro zone summit this month. At the same time, he is under pressure from Greece's creditors to go beyond the two packages of so-called...

  • LONDON, July 29- It is barely two weeks since Greece was on the brink of crashing out of the euro, yet some investment banks are now encouraging investors to return to its bond market. Although question remain over whether Greece will be able to stick to the terms of a new deal or will be back at the ballot box within the year, markets have breathed a collective sigh of...

  • Greek stock market unlikely to reopen this week Wednesday, 29 Jul 2015 | 11:48 AM ET
    A man walks under switched off share price tickers and screens as the Athens' Stock Exchange is shut after the Greek government imposed capital controls June 29, 2015.

    Greece's stock market will not reopen on Thursday and may not open on Friday either due to technical issues at local banks.

  • Greek prosecutor to probe Varoufakis 'Plan B' Wednesday, 29 Jul 2015 | 11:26 AM ET
    Former Greek finance minister Yanis Varoufakis.

    A Greek prosecutor will investigate whether the law was broken after ex-finance minister Yanis Varoufakis revealed plans to hack tax codes.

  • Greek debt restructuring is inevitable, says IMF chief Wednesday, 29 Jul 2015 | 11:08 AM ET

    WASHINGTON, July 29- Greece's international creditors will have no choice but to accept an easing of the terms of Athens' debts, the head of the International Monetary Fund said on Wednesday. The IMF has teamed up with the European Union and the European Central Bank in recent years to lend Greece money repeatedly to save it from a debt crisis.

  • Hay for cheese? Barter booms in cash-squeezed rural Greece Wednesday, 29 Jul 2015 | 10:34 AM ET

    *Online barter platforms see business boom. *Bartering more common in rural areas, remote villages. LAMIA, Greece, July 28- Wild boar and power cuts were Greek cotton farmer Mimis Tsakanikas' biggest worries until a bank shutdown last month left him stranded without cash to pay suppliers, and his customers without money to pay him.