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...» Read More
What does the Greek public think about the current debt negotiations? CNBC's Julia Chatterley reports from Athens.
Discussing Greece, Mark Mobius, executive chairman at Templeton Emerging Markets Group, says there's no reason for Greece to go bankrupt and leave the euro zone.
BRUSSELS— Greece cleared a major hurdle Tuesday in its ongoing battle to remain solvent as its European creditors approved a 4- month extension to its financial bailout— but the cash-strapped country has much more to do to convince its partners that it deserves longer-term help beyond the summer. The country's creditors in the 19- country eurozone endorsed...
ATHENS, Greece— Caught between its own defiant campaign pledges and pressure from creditors, Greece's left-wing government is due to propose a list of reforms to debt inspectors late Monday to get final approval for an extension to its rescue loans. In return, Greece would have to commit to budget measures meant to keep a lid on debts and improve the economy.
Discussing the Greek debt negotiations, Anthony Chan, chief economist and managing director at Chase, says that the four-month bailout extension means only "breathing" space for Greece and there is a lot of "tough work" still ahead.
If an agreement between Greece and the euro zone isn't reached by Monday, then the markets will react negatively says Themis Themistocleous, head European investment office at UBS Wealth Management.
Discussing the Greek debt negotiations, CNBC's Julia Chatterley talks to Jeroen Dijsselbloem, president of the Eurogroup and Hans Joerg Schelling, finance minister of Austria, on their thoughts.
BRUSSELS— Following weeks of recrimination and distrust, Greece and its creditors in the 19- nation eurozone reached an agreement Friday on extending the country's rescue loans, a move that should dramatically ease concerns it was heading for the euro exit as soon as next month. The agreement, which looked a long way off Thursday when one German official...
CNBC's Julia Chatterley talks to Elena Panaritis, an adviser to the Greek Government, about the ongoing debt negotiations.
As Europe's debt talks with Greece's anti-austerity government continue, another austerity hater builds support in Spain.
CNBC's Annette Weisbach reports on the European Central Bank denying reports of capital controls for Greece.
Edmund Shing, global equity portfolio manager at BCS Asset Management, says the European Central Bank is heaping more pressure on the Greek government by indirectly leaking the potential for capital controls.
BUCHAREST, Romania— Romania plans to start cutting taxes from next year to boost economic growth and increase living standards. Finance Minister Darius Valcov said sales tax would be slashed from 24 percent to 20 percent from 2016.. Romania has reined in spending since implementing a tough austerity program in 2009. Economic growth slowed at the end of 2014..
James Davidson, fund manager at JPMorgan Asset Management, discusses Greek debt negotiations in terms of a Grexit and its potential for contagion.
NEW YORK— The U.S. stock market edged mostly lower on Wednesday, easing back from its latest all-time highs. The markets barely budged following the midafternoon release of minutes from the Federal Reserve's January meeting. "The market had really gathered steam around a June tightening date, the minutes seem to have walked that back a bit," said David Lafferty,...
Darren Ruane, head of fixed interest at Investec Wealth and Investment Limited, says the euro zone would like to put the Greece situation "to bed."
Anatole Kaletsky, co-founder and chief economist at Gavekal Dragonomics, says Greece's finance minister, Yanis Varoufakis, is "holding a gun to his own head."
Richard Kelly, head of global strategy at TD Securities, says Greece's desire to receive money without conditionality was unacceptable to the euro zone.
ATHENS, Greece— Greece says it will present to its creditors by Thursday a proposal aimed to save bailout talks from collapse, as time is running out for a deal that would keep the country solvent and within the euro currency bloc. Greek government spokesman Gavriil Sakellaridis said Athens' plan would involve extending the 240 billion euro international loan...
NEW YORK— U.S. stocks closed slightly higher Tuesday as investors continued to monitor talks between Greece and its creditors in hopes that a deal will be reached to keep the country from falling out of the eurozone. Stock indexes had been lower most of the day, but recovered their losses on reports that progress was being made between Greece and its creditors.