Greece clears key hurdle to extend bailout but doubts remain

Feb 25, 2015

Greece clears key hurdle to extend bailout but doubts remain

Greece cleared a major hurdle Tuesday in its ongoing battle to remain solvent as its European creditors approved a four-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 ...

Greece submits reform documents in bid to secure bailout extension

Feb 24, 2015

Greece submits reform documents in bid to secure bailout extension

Caught between its own defiant campaign pledges and pressure from creditors, Greece’s left-wing government will deliver a list of reforms Tuesday to debt inspectors involved in the final approval of extended rescue loans, officials said. Prime Minister Alexis Tsipras was already facing dissent within ...

Greece, eurozone nations settle their differences —for now

Feb 21, 2015

Greece, eurozone nations settle their differences —for now

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 that it was heading for an exit from the euro as soon as ...

EU hangs tough, waiting for Greece to bend as euro wilts

Feb 17, 2015

EU hangs tough, waiting for Greece to bend as euro wilts

European Union finance ministers piled pressure on Greece on Tuesday to remain in an international financial rescue program as the euro weakened on fears of disruption when Athens’ credit lines expire in 10 days. But as he returned to meetings on other, routine, matters ...

Feb 13, 2015

China offers hand to Greece, seeks long-term access to port

Premier Li Keqiang has told Greek Prime Minister Alexis Tsipras that China is prepared to boost investment in the debt-ridden country after conflicting messages about the sale of the country’s biggest port. Li telephoned Tsipras to congratulate him on his election victory last month ...

Germany rejects Greek claim for World War II reparations

Feb 10, 2015

Germany rejects Greek claim for World War II reparations

Germany said on Monday there was “zero” chance of it paying World War II reparations to Athens, following a renewed demand from Greece’s new leftist Prime Minister Alexis Tsipras. Tsipras, in his first major speech to parliament on Sunday, laid out plans to dismantle ...

Feb 9, 2015

Greek exit from euro inevitable: Greenspan

Greece will have to leave the eurozone sooner or later, the former head of the United States central bank, Alan Greenspan, said on Sunday. The comments come after a diplomatic blitz by Greece’s new anti-austerity government to try to renegotiate a new debt deal ...

Feb 3, 2015

Greek suicide rise blamed on austerity

Suicides in Greece surged by a third after the country implemented an austerity program in June 2011, health investigators said Monday. After the measures were passed, the number of suicides leapt by 35.7 percent compared to preceding months, they said. The increase was sustained ...