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Greece News

German finance chief softens tone, says Greece 'needs time'

Berlin - German Finance Minister Wolfgang Schaeuble said Sunday Greece's new hard-left government needs "a bit of time" but is committed to implementing necessary reforms to resolve its debt crisis.

Germany approves Greek bailout extension despite unease

Berlin - German lawmakers approved a hard-won bailout extension for Greece's new anti-austerity government in a move Berlin's finance chief called "not easy" but necessary, keeping a crucial lifeline open to Athens.

Tensions with Germany over 'greedy' Greece's debt

Atenas - Renewed tensions emerged Thursday between Greece and Germany as attention turned to Athens's huge debt load two days after the stricken eurozone country secured an extension of its bailout.

FTSE 100 sets record on Tuesday but fails to hold it on Wednesday

After approval of economic reform proposals submitted by Greece helped the FTSE 100 reach record-breaking levels yesterday, it has fallen back considerably throughout the course of today, with shares in some major companies dropping by nearly 10 percent.

Tough road for Greece as Merkel hails 'starting point'

Atenas - German Finance Minister Wolfgang Schaeuble voiced doubts Wednesday on whether indebted Greece can live up to its fiscal promises, underlining the problems facing Athens on both the domestic and EU fronts.

Eurozone backs Greece bailout extension

Brussels - Eurozone finance ministers on Tuesday backed new reforms proposed by Greece in exchange for a four-month financial lifeline that will keep the country afloat and in the single currency for the time being.

Greek reforms list received 'on time' in Brussels: Commission

Brussels - The list of Greek reform measures demanded by the country's international creditors in return for extending its bailout programme has arrived "on time," the European Commission said Tuesday.

Greece to present delayed reforms list

Atenas - Greece was to hand in a delayed list of proposed reforms Tuesday morning aimed at winning a four-month extension of its massive bailout -- after missing a deadline set by its international lenders.

Greece delays sending vital reforms list

Atenas - Greece's new anti-austerity government late Monday said it would miss a midnight (2300 GMT) deadline to provide a list of reforms to its international lenders aimed at obtaining a four-month extension of its bailout.

Greece races to win bailout extension

Atenas - Greece's new anti-austerity government scrambled Monday to meet a midnight deadline to nail down and despatch to Brussels a list of proposed reforms to secure a four-month extension of its debt bailout lifeline.

Greece rejigs reforms as clock ticks on loan deal

Atenas - Greece raced Sunday to finalise reform proposals that would keep its loan lifeline open under an EU debt deal that saw its anti-austerity ambitions curtailed.

Greece readies reforms to keep bailout alive

Atenas - Greece raced Sunday to finalise reform proposals that would keep its loan lifeline open under an EU debt deal that saw its anti-austerity ambitions curtailed.

Greece races to finalise reforms after tough bailout deal

Atenas - Greece was under pressure Saturday to finalise reform proposals to keep its loan lifeline open as part of an EU debt deal, with its anti-austerity prime minister warning of "real difficulties" ahead.

Greece wins eurozone bailout deal with strict conditions

Brussels - Europe on Friday granted Greece a crucial four-month extension to its massive debt bailout, ending weeks of tension, but at the cost of huge concessions including a commitment to spell out reforms within two days.

Greece battles Germany in last-minute debt talks

Brussels - Europe and Greece battle Friday to reach a last-minute bailout compromise with powerhouse Germany adamant that Athens accept further austerity in return for more aid.

Greece, eurozone in last chance to end debt standoff

Brussels - Europe and Greece on Thursday gave themselves one last chance to resolve a bitter feud over Greece's huge debt bailout, with a difficult compromise between Athens and Berlin hanging in the balance.

Greece to unveil new loan proposal in Grexit gamble

Atenas - Greece is due to make a formal request for a loan extension from eurozone finance ministers on Thursday, saying it is "optimistic" about a compromise with EU and ECB to avoid a looming "Grexit".

New Greek president Pavlopoulos, pro-European with mixed legacy

Atenas - Prokopis Pavlopoulos, who was elected Greece's new president Wednesday, is a veteran conservative insider whose selection has raised its share of eyebrows among the ruling left.

Veteran conservative Pavlopoulos elected Greek president

Atenas - Greece's parliament on Wednesday elected pro-European conservative Prokopis Pavlopoulos as the country's new president, a move calculated to bolster the hard-left government in its critical EU bailout talks.

Greece eyes pain-free EU loan deal

Atenas - Greece was expected Wednesday to bid for extra debt crisis aid from the EU without strings attached, ahead of a closely watched ECB meeting on the country's emergency funds.

Pavlopoulos, Greek presidential candidate with compromised past

Atenas - Prokopis Pavlopoulos, who was nominated for the Greek presidency on Tuesday, is a high-profile politician whose career has been tainted by controversy.

Conservative ex-minister Pavlopoulos nominated for Greek president

Atenas - Greek Prime Minister Alexis Tsipras on Tuesday named former conservative minister Prokopis Pavlopoulos as his party's candidate for president, a move calculated to speed up the process ahead of critical EU talks.

Greece can survive till summer without EU deal: Analysts

Atenas - Cash-strapped Greece can survive financially until the middle of the year after its EU bailout technically ends on February 28, analysts believe, despite the abrupt failure of talks with its eurozone partners on Monday.

Greece rejects 'blackmail' in eurozone debt deal row

Brussels - European ministers raised the pressure on Greece to accept a last-minute debt deal on Tuesday as the radical leftist government in Athens remained defiant refusing "blackmail" from Brussels.

Greece's Varoufakis says confident of debt deal 'in two days'

Brussels - Greek Finance Minister Yanis Varoufakis said he was confident of reaching a deal with the eurozone on overhauling a hated debt bailout programme in two days despite crunch talks collapsing Monday.

Eurogroup head gives Greece until 'this week' to ask for bailout extension

Brussels - Eurozone ministers handed Greece an ultimatum Monday to request an extension to its hated debt bailout programme, deepening a bitter stand-off that risks seeing Athens tumble out of the eurozone.

Greece battles eurozone in bailout showdown

Brussels - Greece faced a wall of opposition at crucial talks on Monday with eurozone finance ministers dead set against scrapping the country's massive bailout programme as a bitter stand-off deepened.

Rallies in Athens, Europe ahead of bailout talks

Atenas - Tens of thousands of people joined rallies in Greece on Sunday ahead of talks in Brussels on the new leftist government's bid to revise its massive bailout.

Greece confident of bailout deal but warns deadline too tight

Atenas - Greece's finance minister said Sunday he was confident a deal with the EU over the country's loathed bailout could be found while warning the February 28 deadline may be too tight.

Greece to move fast to close migrant centres after inmate suicide

Atenas - The new Greek government will move quickly to keep its electoral promise and shut down the country's overcrowded migrant detention centres, a minister said Saturday, following the apparent suicide of an inmate."I came here to express my embarrassment.
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German Chancellor Angela Merkel met with her Greek counterpart George Papandreou
German Chancellor Angela Merkel met with her Greek counterpart George Papandreou
Riots in Athens  Greece 12 February 2012
Riots in Athens, Greece 12 February 2012
ROAR Mag
An icon of Aegina s patron saint St. Nektarios of Aegina.
An icon of Aegina's patron saint St. Nektarios of Aegina.
Looking back at the ferry: clearly the Greek s don t have a price on carbon!
Looking back at the ferry: clearly the Greek's don't have a price on carbon!
Cystal clear waters Mani coast  Greece
Cystal clear waters Mani coast, Greece
Smoking Sisa
Smoking Sisa
Vice (UK) Beta
Photos for the photo-essay on Aegina
Photos for the photo-essay on Aegina
Spring blooms in Greece
Spring blooms in Greece
Photos for the photo-essay on Aegina
Photos for the photo-essay on Aegina
Katerina s olive grove
Katerina's olive grove
Kalamata  Greece
Kalamata, Greece
Photos for the photo-essay on Aegina
Photos for the photo-essay on Aegina
Greek Prime Minister Antonis Samaras on March 25  2012
Greek Prime Minister Antonis Samaras on March 25, 2012
Flickr user Partido Social Democrata
Nikki Beach Resort & Spa Porto Heli - suite with sea view.
Nikki Beach Resort & Spa Porto Heli - suite with sea view.
Nikki Beach Hotels
A protester confronts police in Athens
A protester confronts police in Athens
odysseasgr
Photos for the photo-essay on Aegina
Photos for the photo-essay on Aegina
Porto Katsiki beach
Porto Katsiki beach
Geraki
Leaving the industrial mainland. Not all of mainland Greece is white-wash villas and grand churches!
Leaving the industrial mainland. Not all of mainland Greece is white-wash villas and grand churches!
The grand Acropolis of Athens guards the city by day and night. A guardian citadel persuading any im...
The grand Acropolis of Athens guards the city by day and night. A guardian citadel persuading any imminent invaders their quest for victory is doomed and ill-fated.