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Showing posts with label Greece's debt. Show all posts
Showing posts with label Greece's debt. Show all posts

2/12/2015

Greek finance minister enters euro zone lion's den

(Reuters) - Greek Finance Minister Yanis Varoufakis began tense talks with euro zone finance ministers on Wednesday after his new leftist-led government won a parliamentary confidence vote for its refusal to extend an international bailout.

7/18/2013

Greek MPs back public sector cuts amid protests

The parliament in Greece has narrowly approved a public sector reform bill that will see thousands of people lose their jobs. In a 153-140 vote, MPs backed the bill tied to the country's fresh 6.8bn euros (£5.8bn) of bailout loans, needed to keep Greece afloat.

11/29/2012

Greece hails rebirth of a nation as EU and IMF agree to release loans

After months of drama in the eurozone and its own solvency hanging by a thread, Greece reacted with euphoria on Tuesday at the news that international creditors had decided to not only revitalise its rescue programme, releasing long-overdue aid, but cut €40bn (£32bn) from its debt mountain.

11/17/2012

Bundesbank: Greece will need haircut, but later

BERLIN (AP) — Greece's creditors will eventually have to write down the value of the country's debt further, but only after Athens has done the hard work of getting its budget into shape and reforming its economy, Germany's top central banker said Friday.

10/23/2012

Germany may see economy shrink in fourth quarter

Germany, the main funder of the eurozone's many bailouts, may see its economy shrink by the end of the year as the crisis bites, the central bank has warned.

8/27/2012

Merkel and Hollande sidestep Greece's plea for breathing space

Angela Merkel and Francois Hollande pledged to keep Greece in the eurozone, but offered Greece no immediate relief from its current regime of painful austerity measures.

1/21/2012

Greece, creditors close in on debt cut deal

(Reuters) - Greece was closing in on an initial deal with private bond holders on Friday that would prevent it from tumbling into a chaotic default but lose investors up to 70 percent of the loans they have given to Athens.