Greece Debt Talks

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.

Greece and its international lenders clinched a multi-billion-euro bailout agreement today after marathon talks through the night, officials said, raising hopes aid can be disbursed in time for a major debt repayment falling due in days.

Greece and its creditors were to continue talks today after marathon discussions late into the night, with both sides indicating that the terms of a third bailout were close to being finalised.

Greeks queued outside banks on Monday as they reopened three weeks after closing to stop the system collapsing under a flood of withdrawals, the first cautious sign of a return to normal after a deal to start talks on a new package of bailout reforms.

German Finance Minister Wolfgang Schaeuble is prepared to resign rather than go against his convictions in negotiations on Greece's debt crisis, he said in an interview published today.

German Chancellor Angela Merkel warned today that Greece and its European partners still faced a challenging road ahead to finalise a third bailout for Athens, after marathon talks ended with a deal.

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.

Whatever the outcome of wrangling in Brussels over its debt problems, Greece may be heading for further political turmoil as defections by leftwingers weaken Prime Minister Alexis Tsipras' grip on government.

An EU source in Brussels said on Friday that the latest debt proposals from Athens -- which closely resemble the last offer from its creditors before talks stalled -- were "positive" enough to form the basis of a massive new bailout worth 74 billion euros ($82 billion).

By Tuesday afternoon, the crowded race to the exit was winding down, with prices recovering from three-month lows as traders reassessed the factors they blamed for the worst slide in four months: Greece's debt woes; China's stock market meltdown; talks with Iran over its nuclear program; a stronger dollar; a rise in the number of US oil rigs; a bre...

President Barack Obama spoke by telephone with German Chancellor Angela Merkel on Tuesday to discuss the Greece debt crisis before his talks with Greek Prime Minister Alexis Tsipras, the White House said.

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.

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.

Eurogroup ministers expect fresh reform proposals from the Greek government in talks on Tuesday, a statement said on Monday, a day after Greeks overwhelmingly rejected terms demanded by creditors.

After months of fruitless talks with its creditors, Greece's dramatic bid to place a bailout decision in the hands of its people will have an impact far beyond the heavily-indebted country's borders, analysts warn.

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.

Greece and its international lenders clinched a multi-billion-euro bailout agreement today after marathon talks through the night, officials said, raising hopes aid can be disbursed in time for a major debt repayment falling due in days.

Greece and its creditors were to continue talks today after marathon discussions late into the night, with both sides indicating that the terms of a third bailout were close to being finalised.

Greeks queued outside banks on Monday as they reopened three weeks after closing to stop the system collapsing under a flood of withdrawals, the first cautious sign of a return to normal after a deal to start talks on a new package of bailout reforms.

German Finance Minister Wolfgang Schaeuble is prepared to resign rather than go against his convictions in negotiations on Greece's debt crisis, he said in an interview published today.

German Chancellor Angela Merkel warned today that Greece and its European partners still faced a challenging road ahead to finalise a third bailout for Athens, after marathon talks ended with a deal.

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.

Whatever the outcome of wrangling in Brussels over its debt problems, Greece may be heading for further political turmoil as defections by leftwingers weaken Prime Minister Alexis Tsipras' grip on government.

An EU source in Brussels said on Friday that the latest debt proposals from Athens -- which closely resemble the last offer from its creditors before talks stalled -- were "positive" enough to form the basis of a massive new bailout worth 74 billion euros ($82 billion).

By Tuesday afternoon, the crowded race to the exit was winding down, with prices recovering from three-month lows as traders reassessed the factors they blamed for the worst slide in four months: Greece's debt woes; China's stock market meltdown; talks with Iran over its nuclear program; a stronger dollar; a rise in the number of US oil rigs; a bre...

President Barack Obama spoke by telephone with German Chancellor Angela Merkel on Tuesday to discuss the Greece debt crisis before his talks with Greek Prime Minister Alexis Tsipras, the White House said.

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.

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.

Eurogroup ministers expect fresh reform proposals from the Greek government in talks on Tuesday, a statement said on Monday, a day after Greeks overwhelmingly rejected terms demanded by creditors.

After months of fruitless talks with its creditors, Greece's dramatic bid to place a bailout decision in the hands of its people will have an impact far beyond the heavily-indebted country's borders, analysts warn.