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Bailouts

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  • Sorry IMF, we can't repay your loan: Greece Sunday, 24 May 2015 | 11:22 AM ET
    The Parthenon temple in Athens.

    Greece has again threatened to default on repayments due to the IMF, saying it will be unable to meet its obligations, the FT reports.

  • 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.

  • *Says can't simply buy Greece more time. Asked about calls from beyond Europe for other EU countries to help Greece and calm financial markets, Weidmann said: "This can't always simply be about simply buying Greece more time." "The prospect of a sustainable stabilisation of Greece is decisive," Weidmann told Reuters in written responses to questions ahead of next...

  • Merkel and French President Francois Hollande spoke for about two hours with their Greek counterpart, Alexis Tsipras, at a summit in Latvia in an effort to pave the way for a deal to get Greece more loans. The "friendly and constructive exchange" came after a leading official from Tsipras' party warned that Greece will not be able to repay a loan to the International...

  • RIGA, May 22- Greek Prime Minister Alexis Tsipras held talks on Athens' debt crisis with the German and French leaders but won little more in public than a reminder he needs to do more to secure funds urgently needed to avert bankruptcy. They agreed on the need for the Greek authorities to continue their work with the three institutions, "German and French officials...

  • Hollande said at the opening of the Eastern Partnership summit that he will join Chancellor Angela Merkel for a friendly discussion with Greek Prime Minister Alexis Tsipras "where we need to draft solutions" to be worked out later by the eurozone ministers. The meeting comes a day after a leading official from Tsipras' party said that Greece will not be able to...

  • Can Greece reduce its Debt/GDP, while in EU?   Wednesday, 20 May 2015 | 4:20 AM ET
    Can Greece reduce its Debt/GDP, whilst in EU?

    Commerzbank has suggested that previous EM debt crises show that Greece cannot reduce its debt/GDP ratio while in the EU. Simon Quijano-Evans, head of EM research at Commerzbank, explains.

  • Greece faces June 5 default without bailout deal Wednesday, 20 May 2015 | 3:09 AM ET

    ATHENS, Greece— Greece will not be able to repay a loan to the International Monetary Fund early next month unless a deal is reached with its creditors to unblock bailout funds, the governing party's parliament spokesman said Wednesday. Greece's new government has been struggling for four months to agree on reforms that creditors require in return for the...

  • Greece: Dissenters rev up pressure on government Tuesday, 19 May 2015 | 7:59 AM ET

    ATHENS, Greece— Three senior members of Greece's governing Syriza party late Monday urged the government to halt bailout repayments— and prepare the country for a possible euro exit. The group of dissenters, headed by the party's former chief economist John Milios, warned that Prime Minister Alexis Tsipras' four-month-old government was being pressured by...

  • Global stock markets rise on Europe stimulus hopes Tuesday, 19 May 2015 | 12:30 AM ET

    BEIJING— Global stock markets were boosted Tuesday by Greece's declaration of progress in bailout talks and a new high on Wall Street as investors looked ahead to U.S. and European inflation data. KEEPING SCORE: In early trading, Germany's DAX added 2 percent to 11,823.19 and France's CAC 40 jumped 2 percent to 5,113.86. Britain's FTSE 100 gained 0.5 percent to...

  • ATHENS, May 18- Greece has proposed to its international lenders that Europe's bailout fund pay back maturing Greek government bonds held by the European Central Bank as a way to overcome a funding crunch, Finance Minister Yanis Varoufakis said on Monday. Greece needs to strike a deal with its creditors by the end of the month to stay afloat, the government said on...

  • For almost four months, Greece's radical left-led government has been haggling with its creditors from the 19- country eurozone and International Monetary Fund over economic reforms it must make to secure a 7.2 billion euro cash injection. That is the final payment due from the country's 240 billion-euro bailout program, launched five years ago after...

  • TOKYO— World stock markets mostly fell on Monday as weak data from the U.S. and China and uncertainty over Greece clouded the outlook for the global economy. KEEPING SCORE: Germany's DAX fell 0.2 percent to 11,424.60 and Britain's FTSE 100 shed 0.1 percent to 6,952.24. Greece said Monday it needs to reach a deal with creditors to get more bailout cash by the end of...

  • ATHENS, Greece— Greek Prime Minister Alexis Tsipras late Friday said his country's left-wing government is "very close" to reaching a vital deal with bailout lenders, but insisted there was "no possibility" of giving in to key demands including further cuts to pensions and wages. Eurozone creditors and the International Monetary Fund argue that Athens'...

  • Without the funds, Greece risks bankruptcy within weeks, and eventually, a possible exit from the euro currency. Yanis Varoufakis said Greece must escape the "strictness trap" of budget measures that might hurt the economy and so prevent the country from reducing its debt mountain to manageable levels. He claimed that, once a satisfactory agreement with...

  • ATHENS, Greece— Greece's prime minister was holding his second ministerial meeting in as many days Wednesday, when official data confirmed the cash-strapped country is back in recession amid concern over much-delayed bailout talks with creditors. At stake is a 7.2 billion euro rescue loan installment, and failure to reach an agreement could lead Greece to...

  • A Greek drama for M&A?   Tuesday, 12 May 2015 | 11:40 AM ET
    A Greek drama for M&A?

    Greece is reportedly tapping into emergency funds to pay IMF debt. Elaine Green, senior deputy editor at Mergermarket, explains the impact on M&A.

  • Greece's debt pile: How bad is it?   Tuesday, 12 May 2015 | 4:00 AM ET
    Greece's debt pile: How bad is it?

    Philip Shaw, chief economist at Investec, discusses the size of Greece's debt pile and whether it can be eroded.