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Bailouts

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  • ECB: Greek tensions bubble over in Brussels  Thursday, 26 Feb 2015 | 11:20 AM ET

    Notis Marias, Greek Independent MEP, explains why he thinks that the European Central Bank is profiting from Greece's debt.

  • ATHENS, Feb 26- The expected growth in Greece's economy this year is at risk if the government can't fulfill its deal with creditors, public finances worsen and reforms stall, the country's central bank governor said on Thursday. Greece last week narrowly averted a banking collapse by accepting a last-minute deal with the euro zone to extend its bailout by...

  • BERLIN, Feb 26- Germany's Wolfgang Schaeuble told a meeting of conservatives lawmakers on Thursday that recent remarks by the Greek finance minister had strained European solidarity and that a bailout extension for Athens could be ditched if the country failed to stick to its promises, according to participants. The German finance minister met lawmakers...

  • How will Greece pay their bills?  Wednesday, 25 Feb 2015 | 11:25 AM ET

    CNBC's Julia Chatterley talks to Yanis Varoufakis, finance minister of Greece, and asks him how Greece will pay their bills and what are their future plans.

  • ATHENS, Feb 25- A prominent Greek minister defied his government's pledge to press on with some state asset sales, revealing the first open dissent within Prime Minister Alexis Tsipras's coalition and highlighting the tightrope that the leftist premier must walk. After weeks of euphoric declarations that Greece's bailout and accompanying austerity were "...

  • LONDON, Feb 25- Ireland has no problem in principle with the idea of swapping Greece's official debt for growth-linked bonds but would have to see the details of any proposal, Finance Minister Michael Noonan said on Wednesday. Euro zone finance ministers agreed on Tuesday to a four-month extension of Greece's EU/IMF bailout programme, subject to its economic...

  • ATHENS, Feb 25- The Greek central bank said on Wednesday it will propose to the government that economist Theodore Mitrakos becomes a deputy governor. Deposit outflows rose last week to around 3 billion euros, according to estimates by JP Morgan, before a deal was struck on extending the bailout. Index compiler STOXX said two lenders, Bank of Piraeus and Eurobank,...

  • Germany's Merkel welcomes Greek bailout agreement Wednesday, 25 Feb 2015 | 8:45 AM ET

    BERLIN— German Chancellor Angela Merkel is welcoming an agreement on a four-month extension to Greece's financial bailout but says "a lot of work" remains ahead. Merkel said Wednesday she is glad Greece's eurozone partners have "found a starting point for negotiations with the new government." Key creditor Germany has insisted that aid must come with strings...

  • Greek leader faces criticism on austerity concessions Wednesday, 25 Feb 2015 | 6:19 AM ET

    ATHENS, Greece— Greece's prime minister was locked in a marathon meeting with his party's lawmakers Wednesday, briefing them on pledges made to European creditors to win a four-month extension of the country's bailout amid simmering party discontent over what some see as a capitulation. Prime Minister Alexis Tsipras, elected last month on the promise to...

  • *Germany's Schaeuble requests parliament vote to extend bailout. BRUSSELS/ BERLIN, Feb 24- Greece secured a four-month extension of its financial rescue on Tuesday when its euro zone partners approved a reform plan that backed down on key leftist measures and promised that spending to alleviate social distress would not derail its budget.

  • Euro zone finance ministers agreed on Tuesday to a four month extension to Greece's EU/IMF bailout programme but funding will be released only after the government's economic plans have been approved in detail. "The discussions on Greece's funding gap will begin tonight, tomorrow morning," said the official, who was speaking on condition of anonymity.

  • Rubenstein on Greek bailout extension  Tuesday, 24 Feb 2015 | 9:00 AM ET

    Euro zone finance ministers have approved a four-month extension of Greece's bailout. David Rubenstein, Co-Founder and Co-CEO of The Carlyle Group, says negotiations will continue to happen for a long time, despite the extension.

  • Greek shares rally on bailout extension moves Tuesday, 24 Feb 2015 | 8:54 AM ET

    *Europe enjoys best earnings season in nearly four years. PARIS, Feb 24- Greek shares surged on Tuesday, outpacing modest gains in pan-European indexes after Athens delivered a list of economic reforms to the euro zone that it hopes will secure a four-month extension of its financial lifeline. Shares in National Bank of Greece were up 16 percent, Alpha Bank up 15...

  • BERLIN/ BRUSSELS, Feb 24- Greece was on course to win a four-month extension of its euro zone financial rescue on Tuesday after backing down further to its partners on key leftist reforms and promising that measures to alleviate social distress will not derail its budget. Eurogroup chairman Jeroen Dijsselbloem convened a telephone conference of finance...

  • Greek shares rally on bailout extension expectations Tuesday, 24 Feb 2015 | 7:01 AM ET

    *Europe enjoys best earnings season in nearly 4 years. PARIS, Feb 24- Greek shares surged on Tuesday, outpacing modest gains in pan-European indexes after Athens delivered a list of economic reforms to the euro zone that it hopes will secure a four-month extension of its financial lifeline. Volatile Greek banking stocks were the top gainers across Europe, with...

  • Eurogroup conference call on Greece to start 1300 GMT Tuesday, 24 Feb 2015 | 5:56 AM ET

    Feb 24- Euro zone finance ministers will hold a teleconference call on Greece's reform plans and a four-month extension of its bailout from 1300 GMT on Monday, Eurogroup chairman Jeroen Dijsselbloem said.

  • Ordinary Greeks react to crucial deal  Tuesday, 24 Feb 2015 | 5:10 AM ET

    What does the Greek public think about the current debt negotiations? CNBC's Julia Chatterley reports from Athens.

  • Mobius: Still optimistic about Greece  Tuesday, 24 Feb 2015 | 4:00 AM ET

    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...

  • BRUSSELS, Feb 24- Greece sent a list of economic reform plans to European institutions and the International Monetary Fund around midnight that was "a valid starting point" for talks over its bailout, a source close to the European Commission said on Tuesday. Greece needed to present its plans as a condition for extending its bailout program for an additional...