Euro Zone Debt Crisis

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  Euro Zone Agrees 'Breakthrough' Debt Deal With Greece

  The move came after the Greek parliament approved another round of spending cuts and tax increases demanded by international creditors.

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  IMF's Lagarde Says Restructuring Should Suffice for Greek Debt

  Greece's euro zone creditors, notably Germany, have ruled out a writedown but are willing to consider other forms of restructuring such as a lengthening maturities.

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  Greece and Lenders Agree Bailout, Shares Rally

  The deal, which came after 23 hours of talks that continued through the night, must still be adopted by Greece's parliament and by euro zone countries.

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  Secret IMF Report: Greece Needs Debt Relief Far Beyond EU Plans

  The updated debt sustainability analysis (DSA) was sent to euro zone governments late on Monday, hours after Athens and its 18 partners agreed in principle to open negotiations on a third bailout programme of up to 86 billion euros in return for tougher austerity measures and structural reforms.

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  Greece Argues into the Night with Eurozone on Bailout Terms

  If Greece meets the conditions, the German parliament would meet on Thursday to mandate Merkel and Finance Minister Wolfgang Schaeuble to open the talks on a new loan.

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  Euro Zone Leaders: Greece Must do More to Earn Rescue

  A senior EU source said such a temporary exit from the euro was illegal and would not survive in the summit statement.

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  Euro Zone Gives Greece Until Sunday for Debt Deal

  French President Francois Hollande said the European Central Bank would ensure that Greek banks had the minimum necessary liquidity to stay afloat until Sunday.

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  Germany, France Press Greece to Make Fast, Credible Proposals

  German Chancellor Angela Merkel and French President Francois Hollande, the euro zone's most powerful leaders, said Athens must move quickly if it wants to secure a cash-for-reform deal with creditors and avoid crashing out of the single currency.

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  Greece Defies Europe With Overwhelming Referendum 'No'

  Greece overwhelmingly rejected conditions of a rescue package from creditors on Sunday, throwing the future of the country's euro zone membership into further doubt and deepening a standoff with lenders.

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  As Default Looms, Angela Merkel Rules Out More Negotiations With Greece

  As the clock ticked down on Tuesday towards midnight, when billions of euros in locked-up bailout funds are due to expire, euro zone finance ministers called a conference call (1700 GMT) to discuss the Greek request.

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  Greece Crisis Makes Travel Packages More Affordable: Cox & Kings

  Greece is staring at the possibility of being shunted out of the euro zone as it is likely to default on its debt payment to IMF or the International Monetary Fund.

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  Europe's Bankers Press Pause Not Panic Over Greece

  Euro zone stocks remained well ahead of where they were at the start of the year before the European Central Bank (ECB) started printing money, and while government borrowing costs shot up in Europe's indebted southern countries - Italy, Spain and Portugal - they remained well below the heights scaled at the peak of the crisis in 2011/2012.

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  Greek Drama Not Likely to Waylay Federal Reserve

  The fuse may be lit for a Greek exit from the euro zone but the fallout in the United States is expected to be modest and not enough to throw the Federal Reserve's likely September rate hike off course, said former Fed officials and outside analysts watching the latest turn in Greece's crisis.

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  Greece Crisis Beneficial For Indian Customers: Thomas Cook

  Greece is staring at the possibility of being shunted out of the euro zone as it is likely to default on its debt payment to IMF or the International Monetary Fund.

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  Thomas Cook Falls 8%, Company Expects 'Zero Impact' on Greek Crisis

  Expecting capital control measures by Greece, Thomas Cook had already warned its customers visiting Greece in advance to carry sufficient cash, said Mr Menon.