Greece

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Greece Looks to Russia as Deal With Europe Stumbles

With the prospect of a default looming in Greece, Prime Minister Alexis Tsipras is preparing to meet next week with President Vladimir V. Putin of Russia as a European deal to give more aid to Athens falters, the International New York Times reported ...

Daily Headline - global.abi.org - 03/30/2015 - 21:06 - 0 comments

Greek Bailout Proposals Lack Necessary Detail, Officials Say

Greek proposals for a revised bailout program don’t have enough detail to satisfy the government’s international creditors, eurozone officials said, making it more likely that Athens will need to go several more weeks without a new infusion of desperatel ...

Daily Headline - global.abi.org - 03/29/2015 - 21:53 - 0 comments

Greece Hurries to Hammer Out Policies to Satisfy Creditors

Greece is hurrying to compile a list of economic overhauls that satisfies its creditors and secures desperately need bailout aid, as it runs increasingly low on cash and debt payments loom, The Wall Street Journal reported. Key officials in Greece’s ...

Daily Headline - global.abi.org - 03/26/2015 - 22:18 - 0 comments

Greek Bank Deposits Plunge to 10-Year Low

Greek bank deposits plunged to an almost 10-year low in February as some €8 billion ($8.7 billion) were withdrawn from lenders, amid rising political uncertainty and worries over the country’s possible exit from the eurozone, The Wall Street Journal ...

Daily Headline - global.abi.org - 03/26/2015 - 22:19 - 0 comments

Greek Hopes To Tap €1.2 Billion From EU Fund Dashed

Athens’ hope that it could alleviate a mounting cash crisis by seeking the return of €1.2bn in disputed funds from its bank rescue were dashed when the government was informed it had no legal claim on the money, the Financial Times reported. The fund ...

Daily Headline - global.abi.org - 03/25/2015 - 22:28 - 0 comments

A Murky, Sloppy Muddle: How Greece’s Exit From Euro Could Happen

With the fight to keep Greece in the euro now in its sixth year, everyone is running out of patience. More importantly, Prime Minister Alexis Tsipras’s government in Athens is running out of money, Bloomberg News reported. While bond yields suggest inves ...

Daily Headline - global.abi.org - 03/25/2015 - 22:29 - 0 comments

ECB Tells Greek Banks Not to Boost Exposure to Athens Government’s Debt

The European Central Bank has instructed Greece’s biggest banks to refrain from increasing their exposure to Greek government debt, according to people familiar with the matter, The Wall Street Journal reported. The move raises pressure on the cash-s ...

Daily Headline - global.abi.org - 03/24/2015 - 20:25 - 0 comments

Q&A: As Greece And Creditors Squabble, Cash Is Running Out

It does not get much simpler than this: the Greek government is rapidly running out of money and the EU authorities who could provide the cash to bail them out are refusing to do so, the Financial Times reported. That is at the heart of the two-month ...

Daily Headline - global.abi.org - 03/23/2015 - 20:35 - 0 comments

Greek Bailout Summit Ends In Disarray

Greece’s prime minister and fellow eurozone leaders emerged from a meeting early on Friday morning touting a breakthrough agreement to unlock much-needed bailout funds for Athens — only to fall into disagreement hours later about what it all meant, the ...

Daily Headline - global.abi.org - 03/22/2015 - 21:59 - 0 comments

Technical Talks on Greece’s Bailout Not Going Well, Officials Say

Technical talks between Greece and its creditors aren't going well, officials said Wednesday, with each blaming the other for the snags in crucial negotiations, The Wall Street Journal reported. Teams from the European Commission, the European C ...

Daily Headline - global.abi.org - 03/18/2015 - 23:14 - 0 comments

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