Lawmakers (Just Not Greece’s) Approve a Bailout Extension
ATHENS — The debate lasted more than two hours, with one conservative lawmaker sharply accusing the Greek government of acting in bad faith. A liberal railed against Greek tycoons exploiting…
Tag: greece
Germany Backs 4-Month Extension of Greece’s Bailout
BERLIN — German lawmakers voted on Friday overwhelmingly to extend the terms of Greece’s bailout by four more months, despite growing misgivings over Athens’s willingness to make economic overhauls viewed…
In Greek Crisis, Rare Moment of Consensus
ROME — For the past month, as Greece once again emerged as a threat to the global economy, a new generation of populist Greek leaders vowed to shatter Europe’s austerity…
Greece On Course For Euro Bailout Extension After Concessions
By Matthias Sobolewski and Jan Strupczewski BERLIN/BRUSSELS, Feb 24 (Reuters) – Greece was on course to win a four-month extension of its euro zone financial rescue on Tuesday after backing…
Greece Delays Submission of Financial Overhaul Proposals
ATHENS — Greece on Monday delayed the submission of the proposed reforms that European creditors have made a condition of the country’s financial aid. European and Greek officials spent much…
Greek Leaders Face Revolt at Home as They Try to Appease Creditors
BRUSSELS — Greek leaders scrambled on Sunday to come up with a list of proposed changes to the nation’s austerity program that would be acceptable to their creditors by a…
Greek Leaders Face Revolt at Home as They Try to Appease Creditors
BRUSSELS — Greek leaders scrambled on Sunday to come up with a list of proposed changes to the nation’s austerity program that would be acceptable to their creditors by a…
Greek Leaders Face Revolt at Home as They Try to Appease Creditors
BRUSSELS — Greek leaders scrambled on Sunday to come up with a list of proposed changes to the nation’s austerity program that would be acceptable to their creditors by a…
Greece To Submit Reforms To Eurozone Creditors
Greece will submit a list of reforms to be agreed with its creditors Sunday, the country’s finance minister said Saturday. “We are in the process of compiling the list of…
A Deal That Preserves Greece’s Place in Eurozone, and Fiscal Restraints
BRUSSELS — Just a month ago, after being propelled to power by a wave of anger at Greece’s economic miseries, Alexis Tsipras declared his Syriza party’s election victory the start…
Eurozone Ministers Hold Emergency Talks on Greece
BRUSSELS — Eurozone finance ministers are meeting here on Friday for the latest round of emergency talks aimed at breaking the deadlock with Greece, a day after Germany rejected a…
Greece’s future in the euro at stake as talks resume
Many of its partners, led by Germany but including countries from across the region, say they are willing to talk about making the burden less onerous. However, they insist that…
Stocks zoom to record highs on Greek deal
Greek party: Investors can thank Europe for Friday’s strong performance. Stocks gathered momentum midday as signs emerged that Greece was finally on the verge of reaching a compromise that would…
Power Broker in Greek Debt Crisis Could Be the E.C.B.
FRANKFURT — As Athens and Brussels engage in a showdown over Greek debt, the ultimate power broker may reside in neither of those European capitals. Instead, the outcome may largely…
Greek Bureaucracy, Not Just Austerity, Is an Economic Drag
Greece’s economic problems are not solely about the austerity measures, but also about the bureaucracy, which almost caused Stamatiou Plastics, owned by Philippos Stamatiou and his father, to close last year.”…
Crucial Talks Over Greece’s Debt Broke Down. What’s Next?
Despite all the tough talk of ultimatums and games of poker, Greece and its creditors in the 19-country eurozone are still expected to cobble together some sort of deal that…
7 reasons Grexit wouldn’t be a total disaster
Related: How Greece could accidentally stumble out of the euro 3. No fear of domino effect: Greece looks gloomy, but Portugal, Italy and Spain, the other “troubled” eurozone countries, are…
As Eurozone Finance Ministers Meet About Greece, Compromise May Be Elusive
BRUSSELS — German and Greek officials traded barbed remarks ahead of a meeting of eurozone finance ministers on Monday, signaling how difficult it may be to resolve the latest crisis…
Germany Maintains Hardline Stance In Greece Debt Talks
By Yann Le Guernigou and Costas Pitas PARIS/ATHENS, Feb 16 (Reuters) – Debt-laden Greece and EU paymaster Germany struck hardline postures ahead of a crucial meeting of euro zone finance…
Greek Debt Standoff Awaits a Decisive Move
Seated in a wheelchair awaiting him was Germany’s dour and all-powerful finance chief, Wolfgang Schäuble. The personification of fiscal discipline, Mr. Schauble was flanked by several officials, dossiers at the…
Greece and Europe miles apart as crisis talks start
The impasse threatens to cut off the lifeline keeping Greek banks afloat later this month, and could ultimately force Greece to abandon the euro. Analysts say the chances of a…
Greek Prime Minister Tsipras Wins Confidence Vote Before Talks With Creditors
ATHENS — With Greece preparing for tough talks with creditors in Brussels, Prime Minister Alexis Tsipras’s government easily won a confidence vote in Parliament early Wednesday with assurances that it…
Greece Says “No Way Back” In Bid To Rewrite Bailout Deal
Greece’s new prime minister struck a defiant tone on the eve of high-stakes negotiations with skeptical European creditors, saying there is “no way back” for his radical left-led government in…
Greece to Propose a Debt Compromise Plan to Creditors
ATHENS — Hoping to defuse a standoff that has set Europe and financial markets on edge, Greek officials intend to propose a detailed compromise plan at an emergency meeting with…
Greek Prime Minister Won’t Seek to Extend Bailout
ATHENS — As pressure grows on Greece to reach a deal with its international creditors and avert fears that it will default on its huge debt, Prime Minister Alexis Tsipras…
Greek Austerity Spawns Fakery: Playing Nurse
ATHENS — Fotini Katsigianni wears a white nurse’s hat that protrudes prominently from the top of her head. She is head nurse at Evangelismos Hospital, one of the city’s most…
Greece Wants No More Bailout Money With Strings
By Lefteris Papadimas and Jan Strupczewski ATHENS/BRUSSELS, Feb 6 (Reuters) – Greece’s new leftist-led government, isolated in the euro zone and under pressure from the European Central Bank, said on…
S.&P. Downgrades Greek Credit Rating Amid Concerns Over Cash
ATHENS, Greece — Standard & Poor’s has cut its credit rating on Greece further into junk status amid concerns over the country’s cash position, as the country’s new government signaled…
Meet Monemvasia, A Hidden ‘Fortress Town’ Perched On An Island In Greece
Discovering a secret town? Well that’s one way to get off the beaten path. We’ve seen a few hidden towns in our day (mostly in America), but never one quite…
As Greece Rebels, the Notion of Debt Forgiveness Returns
Yet talk of slashing the government debt loads of European countries, starting with Greece, is back. For all the opposition, the idea has resurfaced with a vengeance in recent days…