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Greece

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  • ATHENS, July 4- They might be living through one of the worst economic crises of modern times, but for Greeks coffee remains an indispensable fuel for thought on the eve of a referendum that may decide their future in Europe. But few of them appear ready to forgo their trademark iced coffee, freddo or frappe, which can cost anywhere between 2 and 4.5 euros in downtown...

  • ATHENS, July 4- They might be living through one of the worst economic crises of modern times, but for Greeks coffee remains an indispensable fuel for thought on the eve of a referendum that may decide their future in Europe. But few of them appear ready to forgo their trademark iced coffee, freddo or frappe, which can cost anywhere between 2 and 4.5 euros in downtown...

  • *Germany's Schaeuble says Greece might lose euro "temporarily". ATHENS, July 4- Greece's finance minister accused creditors of trying to "terrorise" Greeks into accepting austerity, warning Europe stood to lose as much as Athens if the country is forced from the euro after a referendum on Sunday on bailout terms. The left-wing government is urging a "No" vote, saying...

  • Greek banks are preparing contingency plans for a possible "bail-in" of depositors, sources said. The FT reports.

  • *Germany's Schaeuble says Greece might lose euro "temporarily". *Greece votes Sunday in referendum on aid deal. ATHENS, July 4- Europe will lose a trillion euros if it allows Greece to go under, the country's finance minister said on Saturday, accusing creditors of' terrorizing' Greeks into accepting austerity in a referendum on bailout terms.

  • *European Commission president sees vote as danger to EU. BRUSSELS, July 4- It's sultry early July and an emotional Jean-Claude Juncker is on the stump, calling for a' Yes' vote in a referendum on which he says hangs the future of Europe- and his own career. "A' Yes'... would have a significance... well beyond Europe," he tells voters.

  • ATHENS, Greece— Campaigns halt in Greece on Saturday on the eve of a closely watched bailout referendum— with voters in a dead heat over whether to defy creditors and push for better repayment terms or essentially seek new political leadership to find a compromise. Rival rallies took place a half-mile apart in central Athens late Friday, and Tsipras made his...

  • *PM Tsipras urges vote for "dignity in Europe". His European partners say a' No' vote will jeopardize Greece's membership of the euro. Tsipras says they are bluffing, fearing the fallout for Europe and the global economy.

  • His European partners say a' No' vote will jeopardize Greece's membership of the euro. Repeating his assault on European partners he accused of blackmailing and issuing ultimatums to Greece, the leftist leader called for calm. "On Sunday, what is at stake is not Greece's membership of Europe, what is at stake is whether blackmail will lead us to accept the...

  • ATHENS, July 3- Thousands of Greeks staged rival rallies on Friday ahead of a weekend referendum that may decide the country's future in Europe's single currency, with polls showing voters almost evenly split. Prime Minister Alexis Tsipras exhorted Greeks to reject the deal, dismissing warnings from Greece's European partners that to do so may see the country...

  • But drugmakers have argued this could suck supplies out of Greece if Athens leaves the euro and prices in euro terms fall sharply. The European Association of Euro Pharmaceutical Companies, representing firms involved in this so-called parallel trade, said drugmakers were wrong to say supplies could be in jeopardy if Europe did not take such emergency...

  • *Publication highlighted dispute between Brussels and Washington. BRUSSELS, July 3- Euro zone countries tried in vain to stop the IMF publishing a gloomy analysis of Greece's debt burden which the leftist government says vindicates its call to voters to reject bailout terms, sources familiar with the situation said on Friday. The document released in...

  • *Tunisia caters to those seeking good value, all-inclusive. *Spain and Bulgaria offer similar holidays. BERLIN, July 3- Fearing for their safety in Tunisia after a gunman killed dozens of tourists, sun-seeking Europeans are switching to destinations such as Spain, Bulgaria or even Greece for holidays this year.

  • The question does not address the future of the euro currency— which many believe is at stake— or the future of Greece's relationship with the 28- nation European Union. "Should the plan of agreement, which was submitted by the European Commission, the European Central Bank and the International Monetary Fund in the Eurogroup of 25.06. 2015 and is comprised of two...

  • The decision came two days before Greeks were set to vote in a referendum on whether to accept bailout terms rejected by their leftist government, with a' No' vote likely to put Greece on a path to leaving the euro zone. The European Financial Stability Facility said Tuesday's failure to pay the International Monetary Fund "results in an event of default by Greece,...

  • LONDON, July 3- If a' No' in Sunday's referendum eventually takes Greece out of Europe's single currency, any "new drachma" or temporary payment unit could be worth as little as a fifth of the euro now in circulation. In the absence of a flow of new euros from the European Central Bank after a "Grexit", Athens' existing stock of hard currency is not expected to be enough to...

  • LONDON, July 3- Fund firms with even token exposure to Greece hope Athens will soon reopen its stock exchange so they can wave goodbye to the' guess-work' of valuing their funds. The closure of the Athens Stock Exchange since Monday has made it impossible for managers to ascertain exactly how far the value of shares in bluechip Greek companies such as Alpha Bank and...

  • LONDON, July 3- Sunday's referendum in Greece will set a new course for the country after a tumultuous half year of negotiating between Athens and its international creditors. A "Yes" vote could mean a new government, a news series of negotiations and Greece's continued membership of the euro zone. A "No" vote could mean the euro zone loses a member- a fate that could...

  • In a televised address on Friday, Tsipras said a report by the International Monetary Fund which arguing that Greece's massive public debt could not be sustained without significant writedowns vindicated his advice to reject the lenders' terms. Repeating his assault on European partners he accused of blackmailing and issuing ultimatums to Greece, the...

  • *Euro STOXX 50 set for biggest weekly drop since Dec. The euro zone Euro STOXX 50 index was on track for its worst week since December. Peter Oppenheimer, chief global strategist at Goldman Sachs, said a worst-case scenario in case the Greeks voted "No" to the bailout programme could see the Euro STOXX fall to 3,150 points.