Greece will not accept a bailout deal without a concrete agreement for debt relief from the country’s European creditors, a top aide to Prime Minister Alexis Tsipras said, The Wall Street Journal reported. “We want real solutions, not interim solutions,” Nikos Pappas, Greece’s Minister of State, said in an interview Friday after several days of talks with senior U.S. officials. “No more kicking the can down the road.” Although Mr.

In Europe’s battle with the International Monetary Fund over Greece, Germany has a way to win, The Wall Street Journal reported. Germany, Europe’s dominant economic power, is leaning heavily on the IMF to accept hypothetical assurances that Greece’s debt burden will be addressed in the future if needed, rather than the definite and far-reaching debt relief that the IMF wanted, according to people familiar with the talks. Berlin believes the IMF will have to accept what’s on offer, even if IMF staff are unhappy about it, these people say.

Greece is invariably held up as Exhibit One in the case against the European Union. Its six-year debt crisis—now threatening to reignite right before a British referendum on EU membership—is often presented as proof that the EU is an anti-democratic, sovereignty-destroying, austerity-loving bully. But this narrative is wide of the mark, The Wall Street Journal reported in a commentary.

Greece’s leader Alexis Tsipras on Tuesday claimed a major breakthrough in its debt-and-austerity talks, even as officials from Greece’s creditors warned that big obstacles remain to a deal that keeps the country afloat this summer, The Wall Street Journal reported. “After six years of continued cuts, bad news and harsh austerity, we finally had some good news,” Mr. Tsipras said in a televised speech to his cabinet. He said Greece was on course to get fresh bailout loans without having to legislate additional austerity measures.

A confidential document debated by eurozone finance ministers detailed for the first time what Greece’s creditors could do to ease the country’s debt load and how that burden would develop over the coming decades without new relief measures. The document, which was reviewed by The Wall Street Journal, served as the basis of Monday’s emergency meeting, in which the ministers discussed for the first time the possibility of further debt relief for Greece.

Greek workers walked off the job on Friday, heeding a call by the country’s labor unions to join a three-day general strike to protest a new round of austerity measures including new pension cuts and tax increases, the International New York Times reported. The strike came as Greek lawmakers debated the new measures, worth 5.4 billion euros, or $6.2 billion, in budget savings, before a vote Sunday night and a meeting of eurozone finance ministers in Brussels the next day.

Greece returns to center stage on Monday when aid deliberations by its international creditors will signal whether the country faces a renewed period of political drift or wins some economic breathing space after six years of turbulence, Bloomberg News reported. The euro area and the International Monetary Fund will assess whether Greek Prime Minister Alexis Tsipras has made enough budget-tightening commitments to gain another aid disbursement. At issue is an IMF demand for fiscal “contingency measures” worth about 3.5 billion euros ($4 billion) in case Greece strays off budgetary course.

Prime Minister Alexis Tsipras of Greece asked on Wednesday for a summit meeting of eurozone leaders that would allow him to make his case for easier terms on sorely needed aid to help his country avoid bankruptcy, the International New York Times reported. Without new rescue money by July, Greece could default on its debts and throw the 19-member eurozone into another period of chaos. There could also be a domestic upheaval in Greece similar to last summer, when the country had a referendum on the terms accompanying its third bailout, followed by snap general elections. Mr.

Negotiations between Greece and its international creditors ran into trouble on Tuesday over demands for extra austerity measures, denting hopes for a quick end to the monthslong deadlock over the country’s bailout, The Wall Street Journal reported. The impasse is the latest in a saga of troubled talks. The Greek government and the International Monetary Fund are at loggerheads over how to find up to €3.6 billion ($4 billion) in so-called contingency measures, or additional austerity, if Greece misses its budget targets.

Discussions on new debt relief measures for Greece will commence as early as next Thursday, as the eurogroup of finance ministers agreed to endorse a new ‘contingency package’ for Greece, the Irish Times reported.