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Economy News

Greeks fly home to vote in knife-edge referendum

Atenas - With the stakes so high for Greece in Sunday's knife-edge referendum, some Greeks living abroad have flown home to cast their votes in hopes of tipping the outcome one way or the other.

Australia solidarity rallies ahead of Greek bailout vote

Melbourne - Hundreds of people rallied in Australia on Saturday in solidarity with Greece, mainly in Melbourne which has a large Greek community, ahead of the make-or-break weekend referendum on austerity measures.

'Yes', 'No' voters worlds apart in sleepy Greek town

- In the sleepy town of Argos in southern Greece, the "No" and "Yes" camps are worlds apart ahead of a historic bailout referendum. For one it's about rejecting austerity, the other is haunted by a possible return of the drachma.

Greece's Varoufakis says debt deal 'in the offing'

Dublin - Greek Finance Minister Yanis Varoufakis said Friday it was not "too late" for Athens to reach a deal with its international creditors ahead of Sunday's referendum on bailout terms.

Malaysian PM dismisses funds report as 'political sabotage'

Kuala Lumpur - Malaysian Prime Minister Najib Razak on Friday dismissed as "political sabotage" a report that a probe into a state-owned investment fund had found hundreds of millions of dollars were transferred to his personal bank accounts.

Berlin's firm stance on Greece exposes divergence with Paris

Berlin - Germany has broken ranks with Paris and Brussels in slamming the door on talks with the Greek government on a new bailout deal before Sunday's crucial referendum, analysts say.

Angry EU leaders lash out at Greece, eyeing endgame

Brussels - Suicide, blackmail and lies -- EU leaders have accused Greece of a litany of sins since months of fruitless talks on a debt deal hit the wall, often in surprisingly undiplomatic language.

Greek pro-bailout 'Yes' vote in referendum ahead: Survey

Atenas - The number of Greeks planning to vote 'Yes' in this weekend's referendum in favour of accepting the latest bailout proposals is slightly higher that those opting for 'No', a survey said Friday.

Protesters urge Greeks to use fake ballot papers in referendum

Atenas - Thousands of Communist Party supporters held a rally in Athens Thursday calling for people to defy the government and vote with fake ballot papers at Greece's upcoming bailout referendum.

Greeks waver between 'Yes' and 'No' ahead of bailout vote

Atenas - In the shade of oak trees in a dusty Athens park, a fierce debate is raging. Is it better to vote 'No' in the upcoming referendum and unshackle Greece from its creditors, or say 'Yes' to Europe?

Greek situation 'deteriorating': Dijsselbloem

Den Haag - Eurogroup chief Jeroen Dijsselbloem warned Thursday that Greece's financial situation is deteriorating, saying a 'No' vote in Sunday's crunch referendum would question whether Athens still had a place within the eurozone.

We can't print drachmas, says Greece's finance minister

Atenas - With speculation swirling that Greece might be forced out of the euro and have to print its own money after a weekend referendum, its finance minister on Thursday said the country no longer had the presses to make drachmas.

Anguished and helpless, Greek diaspora looks to homeland

Berlin - For millions of Greeks worldwide, fond memories of white-washed villages under azure skies have been overshadowed by images of street protests and panicked bank queues -- and fears about the country's European future.

'Grexit' or not, Greece will find kicking euro habit hard

Paris - No matter what the political outcome of the current Greek debt crisis, in practical terms Greece will find it very difficult to turn its back on the euro.

Greece 'No' voters in lead ahead of bailout referendum

Atenas - Almost half of Greeks intend to vote 'No' in a weekend referendum on the terms of its bailout, but capital controls are boosting the 'Yes' camp, a poll showed Wednesday.

Greek pensioners besiege banks to grab cash

Atenas - In chaotic scenes, thousands of elderly Greeks on Wednesday besieged the nation's crisis-hit banks, which reopened to allow them to withdraw vital cash from their state pensions."Let them go to hell!

Greek crisis hits Albanians living from remittances

- Lorenc Toska returned from Greece to his village in central Albania with empty hands and pockets. He had been working there hoping to secure a better life for his family back home, but the crisis in the neighbouring country ruined his dreams.

Greece confirms sent 'amended' proposal to creditors

Atenas - The Greek government confirmed Wednesday it had sent an "amended" proposal to its international creditors in the hope of sealing a deal to stave off financial ruin.

Greece asks IMF to push back payment deadline

Atenas - Greece has requested for a key payment to the International Monetary Fund to be postponed from its Tuesday deadline, as the country scrambles to stave off default and a possible messy exit from the eurozone.

Eurozone refuses Greek bailout extension, more talks Wednesday

Brussels - Eurozone finance ministers declined to extend Greece's bailout Tuesday hours before its expiry and a possible IMF default but talks will continue Wednesday after Athens asked for a new aid plan, officials said.

Europe attacks Syriza to block Spain's Podemos: Greek minister

Madrid - European leaders want to "sink" Greece's ruling Syriza party to block the rise of other far-left anti-austerity parties like its ally Podemos in Spain, Greece's Labour Minister Panos Skourletis said Tuesday.

Greece seeks last-minute debt deal as default nears

Brussels - Greece asked for a fresh two-year rescue deal with the European Union on Tuesday in a final roll of the dice just hours before its current bailout expires and it misses a critical IMF payment.

From Greferendum to Grexit: A crisis buzzwords glossary

Atenas - First-time students of the Greek debt crisis might fear they have stumbled on an alien language when they see some of the words European leaders use.

British man launches crowdfunding bid to bail out Greece

London - A British shoe-shop employee has raised over 65,000 euros ($72,000) so far through an online crowdfunding project to help Greece meet its International Monetary Fund debt repayment due on Tuesday.

China PM kicks off France visit with climate pledge, Airbus deal

Paris - China's Prime Minister Li Keqiang made a long-awaited pledge to curb carbon emissions during a trip to France Tuesday in which a Chinese company also inked an $18 billion (16.1 billion euros) deal with Airbus.

Spain PM wants 'yes' vote in Greek referendum, change in govt

Atenas - Spain's Prime Minister Mariano Rajoy on Tuesday became the first European leader to openly back the departure of Greece's far-left government as he urged Greeks to accept bailout proposals in a crucial referendum.

Puerto Rico, crushed by debt, seeks moratorium

San Juan - Crushed by liabilities it now cannot repay, Puerto Rico is seeking to reschedule its $73 billion debt, the US commonwealth's governor said.

Referendum to make Greece 'better armed' for negotiations, PM says

Atenas - Greece's plebiscite on the latest bailout offer is intended to make the country stronger in the fight for a new deal with its international creditors, Prime Minister Alexis Tsipras said Monday.

Some 17,000 anti-bailout demonstrators rally in Greece

Atenas - Some 17,000 people took to the streets of Athens and Thessaloniki on Monday to say 'No' in an upcoming referendum on the latest bailout proposals, accusing Greece's international creditors of blackmail."Our lives do not belong to the creditors!

Preparations underway for Greece's pivotal bailout vote

Atenas - The ballot has been drawn up and a 'Vote No' poster designed: Greek Prime Minister Alexis Tsipras's government has lost no time in preparing for the country's hotly-anticipated bailout referendum.
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