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Grexit News

Op-Ed: Syriza can either sell out or exit the euro zone

Athens - The Greek government has until Friday to give its response to a Eurogroup document that is based on the original bailout deal that Greece had vehemently rejected in the first place. Greece must indicate what it is willing to do to extend the deal.

Greece seeks bridge financing as debt deal may take time

Brussels - Greece and its EU creditors are extending talks over the weekend in order to possibly reach a deal at talks with EU finance ministers on Monday at Brussels.

Op-Ed: Greek markets plunge as Grexit appears more likely

Athens - German chancellor Angela Merkel has ruled out any write off of Greek debt, claiming that banks and creditors have already made substantial cuts. At the same time she insisted that she wants Greece to stay in the Eurozone.

Op-Ed: Syriza party close to a majority in Greek election win

Athens - With more than three-quarters of election results in, the leftist, anti-austerity party Syriza, won a decisive victory and was projected to win 149 seats in the 300 seat parliament, just short of a majority.

Banks preparing for possible Grexit

Athens - Both banks and brokers are dusting off contingency plans for a possible Greek exit from the eurozone (Grexit). While most think that Greece will remain in the zone, the snap elections to take place January 25 may make such an exit more likely.

IMF admits it screwed up on Greece

The International Monetary Fund (IMF) has released a report on the Greek bailout which draws the obvious conclusion that it managed to screw up as far as the Greek economy was concerned.

Jean Claude Juncker warns 'last chance' for Greece

Athens - Eurogroup Chairman Jean Claude Juncker, in Athens for talks with Antonis Samaras, declared "I oppose a Greek exit from the eurozone." However, he warned "Greece is facing its "last chance" to stay in the eurozone.

Samaras: Greece needs 'breathing space' to implement more cuts

Athens - As Greek Prime Minister Antonis Samaras prepares for a meeting with Euro Group President Jean-Claude Juncker on Wednesday, he told German newspaper Bild Greece needs "breathing space" to implement further spending cuts and reforms.

Eurogroup head Juncker warns Greece not to leave the euro zone

Athens - Luxembourg's Prime Minister Jean-Claude Juncker, head of the Eurogroup, has warned Greeks not to turn their back on the euro zone, saying the consequences of a radical left victory would have unforeseeable consequences for the monetary union.
 

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