BERLIN (Reuters) - Euro zone politicians are not obliged to rescue Greece as the country is no longer of systemic importance to the single currency bloc, a senior member of German Chancellor Angela Merkel's
The European Central Bank on Wednesday approved a request from Greece’s central bank to lend €68.3 billion ($77.8 billion) to its country’s banks through an emergency credit facility, a person familiar with the matter said.
Also firmly on the radar are the ongoing efforts between Greece and its international creditors to find agreement on conditions bailout the country's newly elected anti-austerity government is seeking to change. Greece's government said it will submit a request to the euro zone on Thursday to extend a "loan agreement" for up to six months, Reuters reported.
Ministry calculations show that out of the 76 billion euros of outstanding debts by taxpayers and corporations to the state, no more than 9 billion euros can actually be collected. Social security funds are anticipating a total of 1.2 billion euros from debt repayments this year thanks to the new plan, from total arrears of 20 billion euros.
(Adds dropped letter from headline)ATHENS Feb 19 (Reuters) - Prime Minister Alexis Tsipras saidon Thursday that he believed Greece could be a significantcommercial gateway for China into Europe.Speaking
world news - ‘We’ve won a battle, but not the war’ declares the Greek Prime Minister as a four-month loan extension looks set to keep the country afloat.
European leaders and media have responded with ambivalence to the four-month loan extensions agreed to by the bloc's foreign ministers. Athens, many have pointed out, still has promises to fulfill.
In the short course of the latest Greek financial crisis, Syriza appears to have transformed itself from what in the UK would be seen as traditional leftists into Blairites.
The new Greek government, scrambling to secure another tranche of short-term funding, agreed to make tax collection a top priority as part of a reform plan. But prodding its citizens to pay up has long been one of the country’s most difficult challenges.
Downtown Athens, Greece has been overcome by fighting between police and protesters after an initial anti-government demonstration, following last month’s election when the nation’s far-left-minded Syriza political party assumed power in parliament. Scores of protesters threw gas-laden fire bombs and other debris at law enforcement officers and set fire to parked cars as the march advanced through
BERLIN, Feb 27 (Reuters) - German Finance Minister WolfgangSchaeuble urged parliament on Friday to take what heacknowledged was a difficult decision and approve an extensionof Greece's bailout, assuring
MADRID/ATHENS (Reuters) - Euro zone countries are discussing a third bailout for Greece worth 30 billion to 50 billion euros, Spain's economy minister said on Monday, but EU officials said there were no
'We are a Left-wing government. If we have to choose between a default to the
IMF or a default to our own people, it is a no-brainer,' says senior Greek
official
The Greek government is forcing the transfer of public sector money to the central bank so it can pay pensions and salaries as the impasse with its international creditors continues.
ATHENS, April 22 (Reuters) - The European Central Bank willcontinue to provide liquidity to Greece's banks as long as theyremain solvent and have sufficient collateral, ECB ExecutiveBoard Member Benoit
ATHENS (Reuters) - Finance Minister Yanis Varoufakis acknowledged that a deal to ease Greece's cash crunch was not likely at a meeting of euro zone finance ministers later on Monday despite progress in
* Weidmann criticises provision of emergency funds to Greece* Questions ECB's bond-buying programme* Says has a good working relationship with Draghi (Adds detail, quotes)By Michelle MartinBERLIN,
Fair? Yes. Confusing? Most certainly. But nobody ever said the unwind and collapse of massive, "political capital"-funded artificial monetary regimes is logical, calm and collected...
Last night in Luxembourg, Finance Minister Yanis Varoufakis launched a broadside against the Bank of Greece, accusing it of encouraging liquidity fears in an “astonishing” fashion. Earlier this week, the parliamentary speaker refused to accept the central bank’s annual monetary policy report, which urged a deal with creditors, instead releasing a document arguing that “odious” debts shouldn’t be repaid.