Greece Bailout Referendum
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For Greece, The Worst Catastrophe Now Would be to Stay in The Eurozone
A Grexit, with a managed default and devaluation to kickstart recovery, is the only deal that should be on the table.
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Large Firms in Greece Offer Salaries in Cash During Bank Shutdown
At least three companies in Greece including its biggest electronic appliances chain have paid staff in cash, after the country imposed limits on withdrawals from banks last week in a bid to ward off a possible collapse of its banking system.
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Greece Unlikely to Impact Indian Economy: Fund Managers
The Greek crisis is unlikely to have any impact on the Indian economy since it has only negligible exposure to the troubled Mediterranean island, fund managers said here on Monday.
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Greek Crisis May Impact Global Currency Market: Commerce Minister
Commerce and Industry Minister Nirmala Sitharaman on Monday said the government is "very closely" monitoring the developments in Greece as that could have implications on the international currency market.
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What Next for Greece? A Timeline
Leaders from Greece and other eurozone countries are looking to see if there is a way to resolve the struggling country's ongoing debt crisis, following a resounding rejection by Greeks of the latest bailout conditions.
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IMF Says Ready to Assist Greece if Requested
International Monetary Fund chief Christine Lagarde on Monday said the global crisis lender would assist Greece if asked, a day after Greek voters rejected a prior bailout plan.
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Greek Banks to Stay Closed At Least Until Friday: Report
Greece's banks will stay closed at least until Friday, four banking sources said on Monday, as the country tries to reopen bailout negotiations with official creditors and save its financial system from collapse.
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Eurozone's Poorer Nations Take Hard Line on Greece
The eurozone's poorer former communist nations, having themselves endured painful market reforms and austerity programmes, are taking a hard line on Greece after its people voted to reject bailout terms.
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German Line Hardens After Greek Referendum 'No'
The German government signalled a tough line towards Greece on Monday, saying it saw no basis for new bailout negotiations and insisting it was up to Athens to move swiftly if it wanted to preserve its place in the euro zone.
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Vladimir Putin Tells Alexis Tsipras Supports Greek People to 'Overcome Difficulties': Kremlin
Russian President Vladimir Putin today told Greek Prime Minister Alexis Tsipras he supported Greeks in overcoming the "difficulties" they faced after their resounding 'No' to creditors' bailout terms, the Kremlin said.
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No Basis Now for New Debt Talks With Greece: Germany
Germany maintained a hard line today after Greece rejected creditors' austerity demands in a referendum, with Berlin saying there was currently "no basis" for talks on a new bailout package or debt relief.
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Greek Referendum: What Happens Now After The no Vote?
Greece's financial system is on the brink of meltdown: banks are reported to have only around €500m left in cash - equal to just €45 (£32) per head of the 11 million-strong population.
-
No Basis Now for New Debt Talks With Greece: Germany
Germany maintained a hard line on Monday after Greece rejected creditors' austerity demands in a referendum, with Berlin saying there was currently "no basis" for talks on a new bailout package or debt relief.
-
Yanis Varoufakis: Greece's 'Erratic Marxist'
In a shock announcement just hours after Sunday's referendum results on bailout terms were announced, Mr Varoufakis said he was quitting to help Prime Minister Alexis Tsipras in ensuing negotiations with creditors.
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Greek Finance Minister Resigns in Concession to Creditors After Referendum
Greece's finance minister resigned Monday in what appeared to be a concession by Prime Minister Alexis Tsipras to international creditors after his resounding victory in a historic bailout referendum.
-
For Greece, The Worst Catastrophe Now Would be to Stay in The Eurozone
A Grexit, with a managed default and devaluation to kickstart recovery, is the only deal that should be on the table.
-
Large Firms in Greece Offer Salaries in Cash During Bank Shutdown
At least three companies in Greece including its biggest electronic appliances chain have paid staff in cash, after the country imposed limits on withdrawals from banks last week in a bid to ward off a possible collapse of its banking system.
-
Greece Unlikely to Impact Indian Economy: Fund Managers
The Greek crisis is unlikely to have any impact on the Indian economy since it has only negligible exposure to the troubled Mediterranean island, fund managers said here on Monday.
-
Greek Crisis May Impact Global Currency Market: Commerce Minister
Commerce and Industry Minister Nirmala Sitharaman on Monday said the government is "very closely" monitoring the developments in Greece as that could have implications on the international currency market.
-
What Next for Greece? A Timeline
Leaders from Greece and other eurozone countries are looking to see if there is a way to resolve the struggling country's ongoing debt crisis, following a resounding rejection by Greeks of the latest bailout conditions.
-
IMF Says Ready to Assist Greece if Requested
International Monetary Fund chief Christine Lagarde on Monday said the global crisis lender would assist Greece if asked, a day after Greek voters rejected a prior bailout plan.
-
Greek Banks to Stay Closed At Least Until Friday: Report
Greece's banks will stay closed at least until Friday, four banking sources said on Monday, as the country tries to reopen bailout negotiations with official creditors and save its financial system from collapse.
-
Eurozone's Poorer Nations Take Hard Line on Greece
The eurozone's poorer former communist nations, having themselves endured painful market reforms and austerity programmes, are taking a hard line on Greece after its people voted to reject bailout terms.
-
German Line Hardens After Greek Referendum 'No'
The German government signalled a tough line towards Greece on Monday, saying it saw no basis for new bailout negotiations and insisting it was up to Athens to move swiftly if it wanted to preserve its place in the euro zone.
-
Vladimir Putin Tells Alexis Tsipras Supports Greek People to 'Overcome Difficulties': Kremlin
Russian President Vladimir Putin today told Greek Prime Minister Alexis Tsipras he supported Greeks in overcoming the "difficulties" they faced after their resounding 'No' to creditors' bailout terms, the Kremlin said.
-
No Basis Now for New Debt Talks With Greece: Germany
Germany maintained a hard line today after Greece rejected creditors' austerity demands in a referendum, with Berlin saying there was currently "no basis" for talks on a new bailout package or debt relief.
-
Greek Referendum: What Happens Now After The no Vote?
Greece's financial system is on the brink of meltdown: banks are reported to have only around €500m left in cash - equal to just €45 (£32) per head of the 11 million-strong population.
-
No Basis Now for New Debt Talks With Greece: Germany
Germany maintained a hard line on Monday after Greece rejected creditors' austerity demands in a referendum, with Berlin saying there was currently "no basis" for talks on a new bailout package or debt relief.
-
Yanis Varoufakis: Greece's 'Erratic Marxist'
In a shock announcement just hours after Sunday's referendum results on bailout terms were announced, Mr Varoufakis said he was quitting to help Prime Minister Alexis Tsipras in ensuing negotiations with creditors.
-
Greek Finance Minister Resigns in Concession to Creditors After Referendum
Greece's finance minister resigned Monday in what appeared to be a concession by Prime Minister Alexis Tsipras to international creditors after his resounding victory in a historic bailout referendum.
