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Bailouts

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  • MELBOURNE, July 2- London copper held its ground on Thursday after strong U.S. data eclipsed worries about factory growth in Asia, with a jobs report later in the session expected to support the view that the world's biggest economy is gaining steam. *A defiant Prime Minister Alexis Tsipras urged Greeks on Wednesday to reject an international bailout deal,...

  • Argentina recalls its financial crisis, advises Greece Wednesday, 1 Jul 2015 | 4:33 PM ET

    BUENOS AIRES, Argentina— As Argentines closely watch the financial turmoil in Greece recalling their own worst crisis 14 years ago, the architect of the South American country's recovery has a message for the European nation: Renegotiate your debt. Greece is in a financial limbo now that its bailout program has expired, cutting it off from vital financing and...

  • FRANKFURT, July 1- Euro zone central bank chiefs kept their existing cap on a funding lifeline to Greece in place on Wednesday, the ECB said, a move that keeps pressure on Greece as its lenders run out of cash. As the central bankers gathered in Frankfurt, a defiant Prime Minister Alexis Tsipras urged Greeks to reject an international bailout deal, wrecking any...

  • BRUSSELS, July 1- The Eurogroup of euro zone finance ministers agreed on Wednesday that there could be no further discussion of credit for Greece until after Sunday's referendum, the chairman of the group, Jeroen Dijsselbloem, said after a conference call. Noting that Prime Minister Alexis Tsipras had suggested amendments to terms for an earlier bailout that...

  • WRAPUP 4-Greece's Tsipras digs in against bailout Wednesday, 1 Jul 2015 | 12:33 PM ET

    *Scepticism in euro zone about lending more to Greece. ATHENS/ BRUSSELS, July 1- A defiant Prime Minister Alexis Tsipras urged Greeks on Wednesday to reject an international bailout deal, wrecking any prospect of repairing broken relations with EU partners before a referendum on Sunday that may decide Greece's future in Europe. European Council President...

  • Treasuries prices fell on Wednesday as hopes of a Greece debt deal pared safe-haven bids for U.S. government bonds and a stronger-than-expected report on private jobs growth revived bets on a Federal Reserve rate hike later this year. Greek Prime Minister Alexis Tsipras has told international lenders his government could accept their bailout offer if some...

  • Bad idea to move forward referendum: Fmr Greece Ambassador

    Daniel Speckhard, Fmr. U.S. Ambassador to Greece & Lutheran World Relief CEO, discusses the latest developments happening in Greece.

  • FACTBOX-Timeline to negotiations on new Greek bailout Wednesday, 1 Jul 2015 | 9:48 AM ET

    Two letters from Prime Minister Alexis Tsipras to creditors on Tuesday came too late to secure an extension to the previous bailout which expired at midnight, just as Greece defaulted on a 1.6 billion-euro debt repayment to the IMF. -Eurogroup, which next meets by conference call at 1530, could agree that Greece is in need of financial assistance- not a major...

  • TREASURIES-U.S. bonds slump on Greece, ADP jobs data Wednesday, 1 Jul 2015 | 9:36 AM ET

    Treasuries prices fell on Wednesday as hopes of a Greece debt deal pared safehaven bids for U.S. government bonds and a stronger-than-expected report on private jobs growth revived bets on a Federal Reserve rate hike later this year. Greek Prime Minister Alexis Tsipras has told international lenders his government could accept their bailout offer if some...

  • *Skepticism in euro zone about lending more to Greece. ATHENS/ BRUSSELS, July 1- Prime Minister Alexis Tsipras has told international creditors Greece could accept their bailout offer if some conditions were changed, but Germany said it could not negotiate while Greece was headed for a referendum on the aid-for-reforms deal. With queues forming at many cash...

  • Bookmaker pays out early on Greek "Yes" bet Wednesday, 1 Jul 2015 | 7:52 AM ET

    LONDON, July 1- Bookmakers Paddy Power have made an early payout to gamblers betting that Greece will vote to accept its creditors' bailout terms in a referendum on Sunday, the firm announced on Twitter on Wednesday. Since calling the referendum on Friday, Greek Prime Minister Alexis Tsipras has written to international creditors saying Greece could accept a...

  • *Scepticism in euro zone about lending more to Greece. ATHENS/ BRUSSELS, July 1- Greek Prime Minister Alexis Tsipras has written to international creditors saying Greece could accept their last bailout offer if some conditions were changed, but Germany expressed scepticism while saying the door was still open for negotiations. German Chancellor Angela...

  • *Declines comment on investment opportunities in Greece. DUBLIN, July 1- The European Union should be able to contain the fallout if Greece were to leave the euro zone following a weekend referendum on a bailout program, the head of private equity fund Blackstone said on Wednesday. Greece has appealed to its euro zone partners and the European Central Bank to keep...

  • Schaeuble: No point in talks before referendum Wednesday, 1 Jul 2015 | 7:02 AM ET
    Schaeuble: No point in talks before referendum

    CNBC's Michelle Caruso-Cabrera has the latest details on Germany's response to reported concessions by Greece's Tsipras and provides a look at the economic hardships facing the Greek people.

  • Greece financial crisis 'tip of the iceberg': IGroup founder

    CNBC's Michelle Caruso-Cabrera, and Anastasios Economou, iGroup founder & YPO member, discuss whether Greece can be saved and the outlook on its economy.

  • BRUSSELS, July 1- Greek Prime Minister Alexis Tsipras has written to international creditors saying Greece could accept a bailout offer published on June 28 if several conditions were changed, but Germany said the letter had come too late and did not go far enough. In exchange, Athens wants a 29 billion euro loan to cover all its debt service payments due in the...

  • Tsipras concedes on terms: Report Wednesday, 1 Jul 2015 | 6:05 AM ET
    Tsipras concedes on terms: Report

    CNBC's Michelle Caruso-Cabrera reports Greece appears ready to accept demands by its creditors.

  • The Latest: Moody's downgrades Greece to Caa3 Wednesday, 1 Jul 2015 | 3:39 AM ET

    ATHENS, Greece— The latest news on Greece's financial woes:. A huge banner that urged Greek voters to reject a bailout deal from the country's creditors at Sunday's referendum has been taken down from the front of the Finance Ministry. German Chancellor Angela Merkel is sticking to her position that there can be no negotiations on a new aid package before Greece...

  • *Skepticism in euro zone about lending more to Greece. ATHENS/ BRUSSELS, July 1- Greece was appealing to its euro zone partners and the European Central Bank on Wednesday to keep it afloat after defaulting on its debt to the International Monetary Fund and losing frozen international bailout money. In Germany, Greece's biggest creditor, a senior lawmaker in...

  • ATHENS, Greece— Eurozone finance ministers were set to weigh Greece's latest proposal for aid Wednesday, hours after the country's international bailout expired without a deal, cutting it off from vital financing and deepening fears over whether it will be able to remain in the eurozone. With its failure to repay the roughly 1.6 billion euros to the...