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Greece

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  • *EU says won't discuss debt relief till Greece agrees reforms. *Greece says EU/IMF policy differences hamper talks. ATHENS/ BRUSSELS, May 5- Greece blew hot and cold with its euro zone partners on Tuesday as it struggled to avert a potentially catastrophic funding crunch this month, when it must make a big debt repayment to the IMF as cash reserves dry up.

  • European shares drop as Athens bourse slides Tuesday, 5 May 2015 | 12:57 PM ET

    Athens' benchmark ATG equity index fell 3.9 percent on worries over a deadlock in Greece's attempts to strike a deal with its international creditors. Greece stepped up diplomatic efforts with its euro zone partners on Tuesday to avoid running out of money this month, when it must make a big debt repayment to the International Monetary Fund as cash reserves dry...

  • It's clearly not one of Greece's classical marbles depicting the wars and gods of old— in fact, it's the first public monument about the country's harrowing experience of economic depression. "It is extremely important to provide a voice for the human beings behind the numbers, who have a real story to tell that goes beyond statistics," Nyfadopoulos told The...

  • European shares fall as Greek stocks slide Tuesday, 5 May 2015 | 9:38 AM ET

    LONDON, May 5- European shares fell on Tuesday as renewed worries over Greece weighed on the region's stock markets. Greece stepped up diplomatic efforts with its euro zone partners on Tuesday to avoid running out of money this month, when it must make a big debt repayment to the International Monetary Fund as cash reserves dry up. Talks continued with the IMF,...

  • LONDON, May 5- European markets were firmer on Tuesday after an extended weekend break, bucking fears of slowing demand from China and despite debt stand-off fears depressing Greek stocks. The European Commission sent positive signals on the economy, saying euro zone economic growth would be stronger than previously expected this year thanks to cheaper oil, a...

  • *Greek ministers visit Frankfurt, Brussels, Paris. ATHENS/ BRUSSELS, May 5- Greece stepped up diplomacy with euro zone partners on Tuesday to try to avert a potentially catastrophic funding crunch this month, when it must make a big debt repayment to the IMF as cash reserves dry up. Ministers were travelling to Frankfurt, Brussels and Paris to plead for a loosening of...

  • Greece seeks breathing room from ECB chief Draghi Tuesday, 5 May 2015 | 6:59 AM ET

    FRANKFURT, May 5- Greek Deputy Prime Minister Yannis Dragasakis meets European Central Bank President Mario Draghi on Tuesday, as his government seeks financial breathing room to prevent a default and stay in the euro. With time running out for an interim agreement that Greek Prime Minister Alexis Tsipras had aimed for by May 9, Athens faces an immediate cash...

  • *Athens' ATG index down 3 pct as debt worries weigh. Traders cited concerns that the International Monetary Fund may cut a funding lifeline to Greece unless its European partners accept more debt writedowns as weighing on the Greek market, with Greek bond yields also rising. Nevertheless, many traders still said new economic stimulus measures from the European...

  • VIENNA, May 5- Greece's debt talks with international creditors are making progress but have not yet produced a breakthrough, Austrian Finance Minister Hans Joerg Schelling said on Tuesday, adding he could not tell if a deal was in reach next week. "Participants in the Euro Working Group tell us the atmosphere in talks is good, that there are some positions where...

  • A lasting deal to give Greece more cash, however, wasn't expected by May 11, when the eurozone finance ministers will meet next. In the meantime, Greece will have to scrounge for cash to make a 750 million-euro repayment to the International Monetary Fund the following day. "That is the signal that everyone is waiting for, both in Greece and by its partners."

  • LONDON, May 5- Greek bond yields rose on Tuesday on reports that the International Monetary Fund may cut a funding lifeline to Greece unless its European partners accept more debt writedowns. The warning, reported in the Financial Times to have been made by the IMF's European head, Poul Thomsen, to euro zone finance ministers at their meeting in Riga last month,...

  • Italian Fin Min: Greek talks will see results soon

    Pier Carlo Padoan, finance minister of Italy, expects the Eurogroup meeting on May 11 to see "tangible results" as Greece risks running out of cash in "maybe a couple of weeks."

  • ATHENS/ BRUSSELS, May 4- Wide differences over pension and labour reforms continued to dog intensive negotiations between Greece's leftist government and its international creditors despite progress in other areas as the country's cash position becomes increasingly critical. Government spokesman Gabriel Sakellaridis sounded the alarm on Monday,...

  • ECB's Draghi to meet with Greek Deputy PM Monday, 4 May 2015 | 3:22 PM ET
    Greek Deputy Prime Minister Yannis Dragasakis, center, is flanked by Interior Minister Nikos Voutsis, left, and Prime Minister Alexis Tsipras as they speak during a session of parliament in Athens, March 30, 2015.

    Talks on a funding deal between reshuffled Greek negotiators and creditor representatives have been under way since Thursday.

  • ATHENS/ BRUSSELS, May 4- Wide differences over pension and labour reforms continued to dog intensive negotiations between Greece's leftist government and its international creditors despite progress in other areas as the country's cash position becomes increasingly critical. Government spokesman Gabriel Sakellaridis sounded the alarm on Monday,...

  • ATHENS/ BRUSSELS, May 4- Wide differences over pension and labor reforms continued to dog intensive negotiations between Greece's leftist government and its international creditors despite progress in other areas as the country's cash position becomes increasingly critical. Government spokesman Gabriel Sakellaridis sounded the alarm on Monday,...

  • Greece to lobby EU, ECB for swift loan payout Monday, 4 May 2015 | 4:11 AM ET

    BRUSSELS— Greece made progress with its creditors over the weekend on how to stave off bankruptcy, official said Monday, despite complaints in Athens that the International Monetary Fund is pushing the cash-strapped country too hard over labor reforms. Officials in Brussels and the Greek capital said negotiations between Greece and the so-called Brussels...

  • Greece's 'end of the road' is bankruptcy: Economist

    Steen Jakobsen, chief economist at Saxo Bank, tells CNBC that while negotiations over Greek debt are ongoing, the country will eventually face bankruptcy.

  • LONDON— Global stocks rose sharply Monday at the start of a potentially big week for markets as they tracked an end-of-week rebound on Wall Street. Monday's gains in Europe followed Friday's strong performance on Wall Street when the Dow rose 1 percent at the S&P gained 1.1 percent. GREECE PROGRESS: Officials said Greece made progress with its creditors over...

  • ATHENS, Greece— A top Greek lawmaker has welcomed German President Joachim Gauck's call for his country to consider World War II redress to Greece as a gesture "of historical significance." Noting that Gauck's remarks became known Friday, the anniversary of a 1944 mass execution of Greek resistance fighters by German occupying forces, Parliament Speaker Zoi...