GO
Loading...

Greece

More

  • Germany trusts Greece to fulfill bailout terms Sunday, 1 Mar 2015 | 10:51 AM ET

    BERLIN— Germany's finance minister said Sunday that he trusts Greece's current government to fulfill the conditions for the bailout deal, but also made clear the country would not receive any further money if it didn't. At the same time, Schaeuble warned that if Greece did not fulfill the demands laid out by the eurozone finance ministers in a four-month...

  • ATHENS/ MADRID, March 1- Spain's centre-right Prime Minister Mariano Rajoy hit back on Sunday against accusations from Greece's leftist premier that Spain and Portugal had led a conservative conspiracy to topple his anti-austerity government. Greek Prime Minister Alexis Tsipras said Spain and Portugal had taken a hard line in talks on the euro zone...

  • If Greece doesn't stick to that, there will be no further aid, "Schaeuble said according to the pre-publication extract. He said a Grexit was not the desired outcome and nobody had forced a bailout upon Greece so the ball was in Athens' court. Greek Prime Minister Alexis Tsipras denied on Friday that Greece would need another international bailout.

  • AP Interview: Greece's repayments to ECB need discussion Saturday, 28 Feb 2015 | 12:48 PM ET

    ATHENS, Greece— Greece will prioritize debt repayments to the International Monetary Fund, some of which come due in March, but repayments to the European Central Bank are "in a different league" and will need discussion with Greece's creditors, the country's finance minister said Saturday. In an interview with The Associated Press, Yanis Varoufakis also said...

  • ATHENS, Greece— Finance Minister: Greece to seek talks on debt rescheduling while working on reforms.

  • Greece will not seek another bailout, prime minister says Saturday, 28 Feb 2015 | 11:45 AM ET

    ATHENS, Greece— Greece won't seek a third bailout deal, the prime minister said Saturday, having succeeded in separating the loan agreement from the "disastrous" austerity conditions imposed with the willing cooperation of previous governments. Alexis Tsipras spoke Saturday at the start of a two-day meeting of his party's central committee.

  • Greek PM accuses Spain, Portugal of anti-Athens "axis" Saturday, 28 Feb 2015 | 8:26 AM ET

    *Spain, Portugal leading "axis of powers" against Athens-PM. ATHENS, Feb 28- Greece's leftist Prime Minister Alexis Tsipras accused Spain and Portugal on Saturday of leading a conservative conspiracy to topple his anti-austerity government, saying they feared their own radical forces before elections this year. "We found opposing us an axis of powers... led by the...

  • Greece seeks negotiations on ECB bond repayment Saturday, 28 Feb 2015 | 5:15 AM ET

    ATHENS, Feb 28- Greece called into question on Saturday a major debt repayment it must make to the European Central Bank this summer, after acknowledging it faces problems in meeting its obligations to international creditors. Finance Minister Yanis Varoufakis said Athens should negotiate with the ECB on 6.7 billion euros in Greek government bonds held by...

  • ATHENS, Feb 27- Greek Prime Minister Alexis Tsipras denied on Friday that his country would have to seek a third international bailout when a four month extension to its current programme expires. Tsipras also said the government had requested a reduction in the country's debt, even though EU/IMF creditors insist Greece must meet its obligations in full.

  • *Greece faces 1.5 bln euro debt payment to IMF in March. *Pressure on Athens to quickly complete bailout review for aid. BRUSSELS/ ATHENS, Feb 27- Greece is running out of options to fund itself despite a four-month bailout extension, raising pressure on Athens to quickly implement reforms it has vocally opposed or default on debt repayments in a matter of weeks.

  • ATHENS, Feb 27- Greece used "creative ambiguity" to win a loan lifeline from its international partners, Finance Minister Yanis Varoufakis said, provoking anger in Germany's parliament which approved the deal on Friday. Varoufakis, a hero of the anti-austerity left who has raised hackles among his more orthodox euro zone peers, said Greece had drawn up an...

  • Germany backs Greek plan but bailout fatigue grows Friday, 27 Feb 2015 | 12:23 PM ET
    A man adjusts a European flag, next to a Greek flag outside the Greek embassy in Brussels February 19, 2015.

    Germany's parliament approved an extension of Greece's bailout but a number of dissenters underscored growing skepticism in Berlin.

  • Greek prime minister rules out third bailout Friday, 27 Feb 2015 | 9:24 AM ET

    ATHENS, Greece— Greece's new radical left government has no intention of seeking another bailout deal from international creditors and will spend coming months trying to ease the terms of its current commitments, the financially struggling country's prime minister said Friday. Alexis Tsipras remarks came hours after lawmakers in Germany, a key rescue loan...

  • *Greece faces 1.5 bln euro debt payment to IMF in March. *Pressure on Athens to quickly complete bailout review for aid. BRUSSELS/ ATHENS, Feb 27- Greece is running out of options to fund itself despite a four-month bailout extension, raising pressure on Athens to quickly implement reforms it has vocally opposed or default on debt repayments in a matter of weeks.

  • Diana Containerships meets 4Q profit forecasts Friday, 27 Feb 2015 | 8:16 AM ET

    ATHENS, Greece _ Diana Containerships Inc. on Friday reported fourth-quarter earnings of $869,000. On a per-share basis, the Athens, Greece- based company said it had net income of 1 cent. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 1 cent per share.

  • *Debate reflects breakdown in German trust in Greece. With Finance Minister Wolfgang Schaeuble promising not to let Greece "blackmail" its euro zone partners, 542 members of the Bundestag voted "yes" to the extension, while 32 opposed it and 13 abstained. The broader German population also grown more sceptical since Prime Minister Alexis Tsipras took power last...

  • BERLIN, Feb 27- Germany's parliament approved an extension of Greece's bailout on Friday after Finance Minister Wolfgang Schaeuble, who has voiced doubts about whether Athens can be trusted, promised he would not let Greece "blackmail" its euro zone partners. "We Germans should do everything to keep Europe together as far as we can and bring it together again and...

  • ATHENS, Feb 27- Greece's economy contracted more than originally estimated in the last quarter of 2014 compared with the previous three-month period, a revised estimate by the ELSTAT statistics service showed on Friday. Athens and its EU/IMF lenders have projected growth of 0.6 percent for 2014 as a whole. Greece's economic boom of the early 2000 s ended with...

  • German parliament approves Greek bailout extension Friday, 27 Feb 2015 | 5:32 AM ET

    BERLIN, Feb 27- Germany's parliament approved an extension of Greece's bailout on Friday after Finance Minister Wolfgang Schaeuble, who has voiced doubts about whether Athens can be trusted, promised it would not be allowed to "blackmail" its euro zone partners. With 542 lawmakers voting in favour, including almost all of. Chancellor Angela Merkel's right-left...

  • Safe Bulkers reports 4Q loss Friday, 27 Feb 2015 | 5:13 AM ET

    ATHENS, Greece _ Safe Bulkers Inc. on Thursday reported a fourth-quarter loss of $148,000, after reporting a profit in the same period a year earlier. The Athens, Greece- based company said it had a loss of 4 cents per share. For the year, the company reported profit of $14.6 million, or 6 cents per share.