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Debt News

IMF 'will not join Greece bailout until debt concerns are addressed'

Washington - The International Monetary Fund said Thursday it would not join a new bailout program for Greece until conditions for debt sustainability, including debt relief and economic reforms, are clearly assured.

Greek PM's Syriza party to hold congress in September

Atenas - Greece's hard-left Syriza party, deeply divided over the reforms needed to secure a new international bailout, on Thursday agreed to hold an emergency congress in September as requested by Prime Minister Alexis Tsipras.

Ukraine eyes September debt repayment freeze

Kiev - Ukraine's finance ministry warned Thursday it could declare a technical default in two months should its lenders fail to accept less stringent repayment terms and a possible partial debt write-off.

Greek PM threatens snap vote over party rebels' opposition to bailout

Atenas - Greek Prime Minister Alexis Tsipras on Wednesday warned he would resort to early elections if hardliners in his party continued to resist an unpopular new bailout deal that promised debt relief.

Greek PM to take on party critics over unpopular bailout

Atenas - Greek Prime Minister Alexis Tsipras on Monday set the scene for a bruising showdown with his critics by demanding a congress at his ruling Syriza party to tackle a brewing revolt over an unpopular EU-IMF bailout.

Secret 'parallel' money plan clouds start of Greek bailout talks

Atenas - The Greek government and its international creditors began work on a mammoth new bailout Monday overshadowed by revelations that Greece's ex-finance minister Yanis Varoufakis had been secretly planning for a parallel system of liquidity.

Greece's headache: How to lift the capital controls?

Atenas - It is just the headache Greece's government does not need right now: how can it loosen the capital controls that are shielding its banks, but strangling the rest of the economy?

Creditors expected in Greece by Sunday night: government source

Atenas - Representatives from Greece's international creditors are expected to arrive in Athens by Sunday night to start talks on a huge new international bailout for the crisis-hit country, a Greek government source said Saturday.

Greece asks for fresh IMF aid in step closer to bailout

Atenas - Debt-crippled Greece on Friday took a step closer to a huge third international bailout by formally requesting IMF help, but sources said "logistical problems" were delaying the start of talks in Athens.

From cats to rhinos, Greek crisis takes toll on animals

Atenas - Hundreds of cats are loose on the streets, and food is running low for some residents of Athens' zoo. It isn't just humans who are suffering as Greece tries to claw its way out of economic crisis.

IMF could release new funds to Ukraine at end of July

Washington - The International Monetary Fund signaled Thursday it could release $1.7 billion in bailout funds next week to Ukraine as the country reels from civil war and seeks private-sector debt relief.

Greek PM's austerity gamble sows deep divisions in Syriza

Atenas - Prime Minister Alexis Tsipras has won a difficult gamble in convincing the Greek parliament to agree to tough reforms demanded by Greece's creditors, but he is paying the price of deep splits within his radical-leftist Syriza party.

IMF expects 'difficult' discussions on new Greek bailout

Washington - The International Monetary Fund said Thursday that talks soon to open on a third EU-IMF huge bailout for the Greek economy will not be easy.

Creditors to open talks after Greece adopts bailout bill

Atenas - Greece's creditors will head to Athens shortly to open talks on a new international bailout, the government said Thursday, as parliament approved a second batch of reforms needed for negotiations to go ahead.

Alexis Tsipras: Selfless statesman or sellout?

Atenas - The jury is still out on whether Prime Minister Alexis Tsipras is the man who capitulated to "blackmail" from Greece's international creditors, or pulled his country back from the abyss.

Tsipras urges Greek parliament to back crucial bailout bill

Atenas - Prime Minister Alexis Tsipras urged lawmakers in the early hours of Thursday to vote through reforms that must pass if Greece is to unlock a huge international bailout, saying the country must confront "new realities".

Greece wants final bailout deal by August 20

Atenas - The Greek government said Tuesday that it wants to see a final deal on its international bailout hammered out by August 20, as it presented parliament with more draft legislation on the cash-for-reforms agreement.

Greek gov't has 'no intention' of calling early election

Atenas - Greece's government has "no intention" of calling early elections while in the throes of finalising a deal with its eurozone partners on a new bailout, a spokeswoman for Prime Minister Alexis Tsipras said Monday.

Greek banks reopen, taxes hiked amid bid to reboot economy

Atenas - Greek banks reopened Monday after a three-week shutdown imposed to stop a run on ATMs from crashing the financial system, but citizens woke up to widespread price hikes as part of a cash-for-reform deal with the country's creditors.

Banks to reopen, taxes hiked as Greece prepares to reboot economy

Atenas - Greek banks prepared to reopen Monday after a three-week shutdown, but capital controls remained largely in place while citizens also face widespread price hikes.The shutdown is estimated to have cost the economy some 3.0 billion euros ($3.

Schaeuble says prepared to resign if hand forced in Greece talks

Berlin - German Finance Minister Wolfgang Schaeuble is prepared to resign rather than go against his convictions in negotiations on Greece's debt crisis, he said in an interview published Saturday.

Greek banks to reopen as revamped cabinet gets to work

Atenas - Greece said Saturday its banks will reopen after a three-week shutdown, as a revamped government took up the task of enacting unpopular fiscal reforms amid doubts over the viability of the country's planned bailout.

Reshuffled Greek cabinet takes over to enact unpopular reforms

Atenas - A revamped Greek government took over Saturday in an effort to enforce a third bailout accompanied by tough fiscal reforms opposed by a sizeable section of the ruling Syriza party.

Greek PM ousts rebels as bailout plan gathers momentum

Atenas - Greek PM Alexis Tsipras on Friday axed ministers who had rebelled over draconian bailout terms, putting his house in order before a fresh round of tough negotiations with creditors including EU hawk Germany, which greenlit the deal.

German hardline finance chief Schaeuble, Europe's 'new boss'?

Berlin - Germany's Finance Minister Wolfgang Schaeuble insists he is deeply pro-European, but for many his unbending stance on Greece has cast him as a villain in the struggle to save Athens from crashing out of the euro.

German lawmakers back Merkel on Greece bailout plan

Berlin - German lawmakers gave Chancellor Angela Merkel the green light to negotiate a new bailout deal for Greece as EU members approved on Friday a 7-billion-euro bridge loan for the cash-strapped state.

EU approves emergency loan to Greece  

Brussels - The EU approved a short-term loan of 7.16 billion euros ($7.8 billion) to Greece allowing it to meet a huge payment to the ECB and repay the IMF while a new bailout is still being ratified, the EU's top official for the euro said Friday.

Merkel rallies German lawmakers to back Greece bailout plan

Berlin - Chancellor Angela Merkel made an impassioned plea Friday to German lawmakers to back a new Greece bailout deal that conforms to EU rules and prevents "chaos" in the crisis-hit country.

Germany to vote on Greek bailout in crucial test for deal

Berlin - Chancellor Angela Merkel was to rally German lawmakers Friday to back talks for a new Greece bailout deal, a day after the parliament in Athens grudgingly agreed to harsh reforms.

Early Greek vote inevitable after Syriza mutiny: analysts

Atenas - Early elections are inevitable in Greece after Prime Minister Alexis Tsipras suffered a mutiny by dozens of outraged government lawmakers as he pushed austerity reforms through parliament in order to win a new EU bailout, analysts said Thursday.
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Increasing price of textbooks on students.
President Barack Obama signs the Budget Control Act of 2011 in the Oval Office  Aug. 2  2011
President Barack Obama signs the Budget Control Act of 2011 in the Oval Office, Aug. 2, 2011
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Federal Reserve G20 Data Display in Ratio Line Chart
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Comparison of debt in countries with the Euro as currency
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New Jersey's baboon is finally captured.
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A young person holding her credit card bill
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