Jul 2, 2015

Greek government 'may resign' if referendum goes against it

Greece’s radical left government suggested it would resign if it fails to get its way in a make-or-break referendum Sunday that could decide the country’s financial future. Greek Finance Minister Yanis Varoufakis said the government “may very well” quit in a radio interview Thursday ...

Jun 30, 2015

Greece may find it easier to close banks than reopen them

Capital controls imposed in Greece are likely to stay in place for months and its banks may need billions of euros of new capital or even face nationalization under a lengthy financial rebuilding, industry sources said. The decision to close the banks and impose ...

Jun 30, 2015

Tourists in Greece coping with bank holiday

Tourists on holiday in Greece offered advice to others Monday: bring extra euros. Several reported having some anxious moments over the weekend thanks to empty ATMs and merchants refusing credit cards, but the inconveniences eased as ATMs were replenished Monday. “We were finally able ...

At summit, EU hopes to deepen ties with China

| Jun 29, 2015

At summit, EU hopes to deepen ties with China

The European Union will briefly put aside worries about Greece to broaden its relations with China at a summit in Brussels on Monday, hoping for Chinese investment in Europe’s new infrastructure fund and support for a global climate deal. As China seeks to move ...