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Economy

Greece to default on IMF loan on Tuesday as banks close and panic buying begins

Greeks stood around outside shuttered banks as a new week began during which Tuesday’s IMF payment of 1.6 billion euros won’t be paid, and by next

Economy

Greece stands close to eurozone exit ahead of austerity referendum

Which way now for Greece? With a 1.6 billion euro repayment to the IMF likely to be missed, Athens could be struggling for options on how it can

Economy

EU chief Juncker pleads with Greeks to defy their government and vote for EU aid package

EU chief executive Jean-Claude Juncker urged Greeks on Monday to back a cash-for-reform package rejected by their government, saying a ‘no’ vote in

Economy

Greek banks, stock exchange will not open on Monday, Tsipras announces

Greece announces its banks and stock exchange will remain closed on Monday as Prime Minister Alexis Tsipras asks once more for an extension of the bailout programme.

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Economy

'Dilemmas, anxiety and political polarisation': Athens discusses Grexit

Greece awoke on Sunday to the news parliament had given the go-ahead to a referendum on austerity measures. In Athens, local residents admitted to

Economy

Greece: ECB decides to maintain current emergency funding

The European Central Bank is to maintain emergency funding for Greek banks at the levels agreed on Friday. Experts say in real terms this represents

Economy

Greece: ECB to cap or cut funding?

It is being widely reported that the European Central Bank may decide to cut off its emergency lending to Greece. Media reports suggest the Bank will

Economy

Greece: PM Tsipras gets go ahead to hold controversial bailout referendum

Greece’s parliament has authorised a controversial referendum on the latest terms offered by creditors to unlock billions of euros in bailout funds

Economy

Eurogroup says 'no deal' to Greek request for bailout extension

The Eurogroup has announced that Greece’s financial aid programme will expire on Tuesday night. Jeroen Dijsselbloem, the head of the 19-member group

Economy

Greek parliament authorises referendum on bailout offer

Greece’s parliament has authorised a referendum on a bailout offer from foreign creditors. It is set to take place on the 5th of July. Prime

Economy

Athens gives its view on Greece's financial future

With Greece’s future in the euro zone looking shakier than ever, it seems the Greek population is divided over the proposed referendum on austerity

Economy

Battle brewing in Athens over bailout deal

The Greek Prime Minister is heading back to Athens and an emergency cabinet meeting is on the cards as crisis talks speed towards another potential deadline.

Economy

Tsipras says creditors trying to "blackmail" Athens

Behind the smiles, tensions are mounting between Greek Prime Minister Tsipras and his European partners – just hours before Saturday’s (June 27)

Economy

Europe Weekly: EU Summit agrees on migrants...but still no deal for Greece

Economy

EU's Oettinger gives Athens five days to avoid a 'Grexit'

Economy

IMF confident that Greece will make crucial repayment

A Greek debt deal may remain elusive, but the International Monetary Fund says it is confident Athens will not default on its financial obligations

Economy

Eurozone Greek debt talks suspended till weekend

A final proposal by Greece’s international creditors has been put to eurozone finance ministers, with time fast running out to reach agreement and

Economy

Final Greek debt plan to go before eurozone finance ministers

A final proposal by Greece’s international creditors is to be put to eurozone finance ministers, with time fast running out to avert a debt default

Economy

Still no deal - talks to avoid a Greek debt default resume in Brussels

Talks between Greece and its main lenders resume this morning after yesterday’s Eurogroup negotiations wrapped without any formal agreement to avert

Economy

Eurogroup makes last bid for Greek deal

The crucial Eurogroup meeting of finance ministers got underway on Wednesday (24 June) evening in Brussels. On the agenda: hammering out a solution