Greece

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Missing I.M.F. Payment Puts Greece in Uncharted Territory

Greece on Tuesday added its name to a roster that includes some of the world’s poorest and worst governed nations, including Iraq, Sudan, Somalia and Zimbabwe, the International New York Times DealBook blog reported. Those are a few of the countries ...

Daily Headline - global.abi.org - 06/30/2015 - 22:18 - 0 comments

Greeks Line Up for Money and Stock Up on Goods as Cash Rationing Starts

Uncertain what might happen next, with banks and financial markets closed, across Athens people wasted little time Monday, rushing to the nearest A.T.M. to withdraw their new daily maximum of 60 euros, determined to raise every last cent while they could ...

Daily Headline - global.abi.org - 06/29/2015 - 21:58 - 0 comments

Greek Banks Will Not Open Monday

Greece will keep its banks closed on Monday in a bid to prevent its banking system from collapsing, a bank official said, after the European Central Bank moved to cap the amount of emergency loans it provides for the country’s cash-strapped lenders, Th ...

Daily Headline - global.abi.org - 06/28/2015 - 20:29 - 0 comments

ECB Considers Tightening Emergency Funding For Greek Banks

European Central Bank policy setters are considering keeping Emergency Liquidity Assistance open to Greek banks on Monday but imposing a higher valuation discount on the security they offer in return for the funding, people familiar with the matter said, ...

Daily Headline - global.abi.org - 06/28/2015 - 20:30 - 0 comments

Any Deal on New Greek Bailout Funds Put Off Until Weekend

European finance chiefs pushed off talks to seal a Greek bailout deal until the weekend after ending another meeting without agreement, leaving only days to keep Athens from defaulting on a loan payment early next week, The Wall Street Journal report ...

Daily Headline - global.abi.org - 06/25/2015 - 22:28 - 0 comments

Little Chance Of Greek Deal As Overnight Marathon Beckons

International creditors demanded politically sensitive changes to Greek prime minister Alexis Tsipras’ tax and reform proposals on Wednesday, adding fresh uncertainty to talks aimed at unlocking aid to avert a debt default next week, the Irish Times ...

Daily Headline - global.abi.org - 06/24/2015 - 23:01 - 0 comments

Businesses Worry About Shouldering Burden of Greek Debt

In its latest proposal to creditors, Greece calls for new corporate taxes and other revenue-raising measures. A deal would help unlock fresh aid for the strapped country, just days before it faces a crucial debt payment, the International New York Time ...

Daily Headline - global.abi.org - 06/24/2015 - 23:02 - 0 comments

Greece’s Lenders Weigh Proposals Ahead of Crunch Meetings

Greece’s lenders on Tuesday were scrutinizing a proposal seen as a potential breakthrough on a last-minute bailout deal, but significant concerns by more demanding creditors suggest that further days of tough negotiations lie ahead before an agreement ca ...

Daily Headline - global.abi.org - 06/23/2015 - 22:14 - 0 comments

Optimism for an Agreement on Greek Debt, but Not for Long-Term Stability

Greece and its European partners appeared on Monday night to be heading for a deal by the end of the week that would secure further funding for Greece and a likely promise of more debt relief in return for changes in the pension and tax systems, European ...

Daily Headline - global.abi.org - 06/22/2015 - 23:06 - 0 comments

Greek Banks Win Short Respite as Aid Talks Inch Toward a Deal

Greek banks probably will get only a short respite with the help of the European Central Bank from accelerating deposit outflows unless a deal is struck soon by politicians, Bloomberg News reported. Greeks withdrew 20 percent of deposits held with the na ...

Daily Headline - global.abi.org - 06/22/2015 - 23:07 - 0 comments

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