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Greece News

Greek bailout talks with auditors begin as market to reopen

Atenas - Senior EU-IMF auditors held their first meetings with Greek ministers to finalise a new three-year bailout as the Athens stock market prepares to reopen after being shut down for over a month by the debt crisis.

Migrants 'attacked' at sea between Greece and Turkey

Atenas - Migrants trying to sail from Turkey to Greece are increasingly reporting being attacked by gunmen trying to prevent them from reaching Europe, according to multiple sources.

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.

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.

Greek banks reopen with restrictions as prices soar

Athens - Banks in Greece were open at week's end for the first time in July but at a steep price — limits on cash withdrawals and higher prices on nearly everything people buy.

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.

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.

Greece approves austerity measures to stay in euro economy

Athens - Greece's parliament argued long into the night Thursday but finally approved a long list of new austerity measures to keep the government afloat with emergency loans from other European Union nations.

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.

Greek government owes London £1.3m in congestion zone fees

London - It may be the least of the Greek government's worries, although it has been revealed just how much Greek government officials in London owe in traffic related fines.

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 'doesn't eat or sleep' from overwork, says mother

Atenas - Embattled Greek Prime Minister Alexis Tsipras eats and sleeps poorly and rarely manages to see his family, his mother told a tabloid on Saturday.

Greece beats back wildfires as one body found

Atenas - Firefighters in Greece on Saturday succeeded in bringing two large wildfires in Athens and the Peloponnese under control, but an off-duty police officer is believed to have died in the flames.

Greek bank shutdown cost economy 3 billion euros: Report

Atenas - The three-week shutdown of Greek banks has cost the country's struggling economy some 3.0 billion euros ($3.3 billion) not counting lost tourism revenue, a report said Saturday.

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.
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