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Bailouts

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  • ATHENS, Greece— Greece's prime minister will meet European Commission President Jean-Claude Juncker in Brussels on Wednesday to discuss his radical left-led government's proposal to secure a vital, long-overdue agreement with the country's bailout lenders. Without the rescue loans, Greece could default on its debts this month and eventually even drop...

  • The euro zone has set a deadline of Friday to conclude the slow-moving talks to allow time for institutions and ministers to approve a deal and secure parliamentary backing to disburse frozen aid before Greece's bailout expires at the end of June. Athens is due to make a 300 million euro repayment to the International Monetary Fund on Friday amid growing...

  • Market getting 'nervous' on Greece   Monday, 1 Jun 2015 | 11:00 AM ET
    Market getting 'nervous' on Greece

    Marino Valensise, head of multi asset at Barings Asset Management, discusses why the European equity market is getting "a little bit nervous" around the Greek negotiations.

  • ATHENS, Greece— Greek Prime Minister Alexis Tsipras on Sunday spoke with the leaders of France and Germany in their second conference call in three days to discuss progress in the talks between Athens and its lenders, Greek officials said. The 35- minute call with French President Francois Hollande and German Chancellor Angela Merkel "went very well," and it was...

  • Greek deal: Still a game of chicken?   Friday, 29 May 2015 | 11:00 AM ET
    Greek deal: Still a game of chicken?

    Christian Keller, economist at Barclays, discusses why he thinks the "real deadline" for a Greek deal will be at the end of June.

  • ATHENS, Greece— Bank deposits in Greece have hit their lowest in more than a decade, according to data released Friday, as Greeks concerned about the painfully slow pace of their government's talks with bailout creditors withdrew savings in an orderly but steady flow. European Central Bank figures showed more than 5 billion euros left in April, in a trend that...

  • Greek people want a deal: Gallo   Friday, 29 May 2015 | 4:00 AM ET
    Greek people want a deal: Gallo

    Alberto Gallo, head of macro credit research at RBS, explains why one missed IMF payment doesn't mean a Grexit.

  • Greece: Investors prepare for the worst?   Thursday, 28 May 2015 | 11:00 AM ET
    Greece: Investors prepare for the worst?

    Peter Rosenstreich, chief FX analyst at Swissquote Bank, explains why he thinks the market is finding the Greece deal situation "numbing" right now.

  • WASHINGTON, May 28- Greece has not asked to shift its debt repayments to the IMF to the end of June, a Fund spokesman said on Thursday, adding that talks continue on the next review of Greece's bailout. Athens has some 1.6 billion euros due to the Fund next month, starting with a 300 million euro payment on June 5 that is seen as the next crunch point for Greek state...

  • ATHENS, Greece— Greece says it aims to clinch a deal with its creditors by Sunday, a development that would allow it to receive the desperately needed final installment of its international bailout plan and avoid a default. Without one, Greece has no money to meet debt repayments as soon as next week. The Commission is one of the three institutions Greece is...

  • Searching for Greece solutions   Wednesday, 27 May 2015 | 11:00 AM ET
    Searching for Greece solutions

    Phillippe Gudin, chief European economist at Barclays, explains why the Greek crisis is different today compared to 2010.

  • Greece says deal close, Schaeuble quashes optimism Wednesday, 27 May 2015 | 10:21 AM ET

    Alexis Tsipras spoke shortly before Greek negotiators were due to meet in Brussels with representatives of the bailout creditors— whose cash has kept Greece from bankruptcy for the past five years. But he warned stumbling blocks remain, as Greece is dealing with three different creditor institutions— the International Monetary Fund, European Commission...

  • Fed's Jeffrey Lacker: Let banks fail Wednesday, 27 May 2015 | 8:28 AM ET
    Jeffrey Lacker, president of the Federal Reserve Bank of Richmond.

    Policymakers must ensure that creditors must be willing to let firms fail in order to restore discipline, a top Fed official said.

  • BATON ROUGE, La., May 26- Policymakers must ensure that financial industry creditors do not expect government bailouts and must be willing to let firms fail in order to restore market discipline, a top Federal Reserve official said on Tuesday. The remarks by Jeffrey Lacker, president of the Richmond Federal Reserve Bank, repeated much of what he has previously...

  • Why we need a Greece agreement by June   Tuesday, 26 May 2015 | 11:00 AM ET
    Why we need a Greece agreement by June

    Thanos Vamvakidis, head of European G-10 FX strategy at BofA Merrill Lynch, talks about Greece's debt deadlines.

  • Greece mulls levy on undeclared deposits to raise cash Tuesday, 26 May 2015 | 8:33 AM ET

    ATHENS, Greece— Greece is proposing to legalize tax-dodgers' undeclared money for a fee, a way to raise money as the country tries to reach a deal with creditors to get more bailout money and avoid default. The new, radical left-led government in Athens says that without the money it can't make a debt payment to the International Monetary Fund on June 5.

  • The possibility of imposing capital controls— part of a chain of events that could lead to Greece leaving the euro if things take a disastrous turn— "simply does not exist," said Gabriel Sakellaridis, spokesman for the radical left-led government. Greece has survived for the past 5 years on rescue loans from the IMF and its European partners. But the creditors have...

  • ATHENS/ LONDON, May 24- Greece cannot make debt repayments to the International Monetary Fund next month unless it achieves a deal with creditors, its interior minister said on Sunday, the most explicit remarks yet from Athens about the likelihood of default if talks fail. Shut out of bond markets and with bailout aid locked, cash-strapped Athens has been...

  • ATHENS/ LONDON, May 24- Greece cannot make debt repayments to the International Monetary Fund next month unless it achieves a deal with creditors, its interior minister said on Sunday, the most explicit remarks yet from Athens about the likelihood of default if talks fail. Shut out of bond markets and with bailout aid locked, cash-strapped Athens has been...

  • ABN Amro to be listed in stages - Dutch public TV Friday, 22 May 2015 | 8:38 AM ET

    AMSTERDAM, May 22- Dutch bank ABN Amro, which was nationalised in a state bail-out after the financial crisis, will be returned to the market in stages, the Dutch government decided at a cabinet meeting on Friday, NOS public television reported.