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Euro zone ministers are considering extending Greece's bailout by six months to mid-2015, but Athens said it was only willing to consider an extension of a few weeks to the unpopular program.
ATHENS, Dec 4- Euro zone ministers are considering extending Greece's bailout by six months to mid-2015, according to a document obtained by Reuters, but Athens said it was only willing to consider an extension of a few weeks to the unpopular program. "Greece has not received any written proposal on an extension," a government official told Reuters.
An extension of the bailout, under which Athens will have received a total of 240 billion euros since 2010, is necessary because international lenders and the Greek government are still negotiating what Athens must do to get the remaining 1.8 billion euros and secure a back-up credit line for after the bailout ends and Greece returns to market financing.
BRUSSELS/ ATHENS, Dec 3- Greece will have to ask for an extension on its bailout program before parliaments in euro zone nations close for Christmas because a new credit line will not be ready in time, a senior euro zone official said on Wednesday. After two bailouts totalling 240 billion euros since 2010, Greece wants to switch back to market financing from the...
ATHENS, Dec 2- Greece has rejected its international lenders' demands for tax rises and income cuts next year, Prime Minister Antonis Samaras said on Tuesday, arguing such measures would be disastrous for the country which has emerged from a deep economic recession. "Greece has done a lot already," Samaras said during an economic conference. The finance ministry...
ATHENS, Dec 2- Greek opposition leader Alexis Tsipras promised on Tuesday that if elected, he would swiftly scrap the country's EU/IMF bailout without waiting for the outcome of talks with lenders. Greece could face early elections next year, depending on the outcome of a separate vote to elect a president. Tsipras reiterated his call for the European Union to...
Euro zone officials have approved the transfer of 4 billion euros ($5.3 billion) of funding to Greece and euro zone governments are expected to approve disbursement by Monday.
Greece and its international lenders resume talks on Monday to unlock 8.1 billion euros ($10.5 billion) of rescue loans after a two-week break during which the government almost collapsed.
Greek Prime Minister Antonis Samaras reshuffled his cabinet on Monday, aiming to bolster his government days after the smallest party in the ruling coalition quit over the closure of state TV.
Tens of thousands of Greeks took to the streets of Athens on Wednesday during a nationwide strike against wage cuts and high taxes that kept ferries stuck in ports, schools shut and hospitals with only emergency staff.
Greece on Monday said it would conduct its bond buyback offer through a modified Dutch auction method in which investors declare how much they are willing to sell their bonds at before the price is determined.
*Anger, resignation on streets of Athens. The strike, called by Greece's two biggest labour unions representing half of the four million-strong workforce, brought public transport to a virtual standstill and shuttered schools, banks and local government offices.
*Anger, resignation on streets of Athens. ATHENS, Nov 6- Hundreds of thousands of Greeks began a crippling 48- hour strike on Tuesday to protest against a new round of wage and pension cuts that parliament is expected to approve narrowly a day later.
*Anger, resignation on streets of Athens. ATHENS, Nov 6- Tens of thousands of Greek workers began a 48- hour strike on Tuesday to protest a new round of austerity cuts that unions say will devastate the poor and drive a failing economy to collapse.
*Greece funding, China leadership adds to uncertainty. NEW YORK, Nov 5- Oil rebounded on Monday from the previous session's sharp loss while metals and crop prices mostly fell as financial markets treaded warily ahead of the U.S. presidential election and amid recovery work on the destruction left by Hurricane Sandy.
NEW YORK, Nov 5- World stocks fell and the dollar edged up on Monday as investors played it safe before Americans choose their president and Greece headed into two key votes to secure further rescue funds.
NEW YORK, Nov 5- World stocks fell and the dollar firmed on Monday as investors moved to the sidelines or favored low-risk assets before Americans choose their president, China starts a leadership transition and Greece faces a fraught vote to secure fresh rescue funds.
*Ten-year JGB futures rise in light trade. TOKYO, Nov 5- Benchmark Japanese government bonds inched up on Monday ahead of a tightly-fought U.S. presidential election on Tuesday and a vote in the Greek parliament over a new austerity package later in the week.
*Greece facing votes on austerity and labour measures, budget. ATHENS, Nov 4- Talk of Greece exiting the euro will end after critical votes in parliament this week on new austerity measures, labour reforms and the 2013 budget, Greek Prime Minister Antonis Samaras said on Sunday.
ATHENS, Nov 4- Talk of Greece exiting the euro will end after critical votes in parliament this week on new austerity measures and the 2013 budget, Greek Prime Minister Antonis Samaras said on Sunday.