Greece Repayment
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EU Top Court Orders Greek Farmers To Repay Subsidy
The EU's top court today required Greece's farmers to repay 425 million euros in emergency aid to Athens authorities, confirming a decision that the money was in fact an illegal state subsidy.
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Greece, Lenders Clinch Bailout Deal After Marathon Talks
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.
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Greece, Lenders in Final Push to Seal New Bailout: Report
Greece and international creditors sought to put final touches to a multi-billion euro bailout accord on Monday to keep the country financially afloat and meet an important debt repayment to the European Central Bank within days.
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Greece Makes Repayment of Over 2 Billion Euros, No Longer in Default
Greece reopened its banks and ordered billions of euros owed to international creditors to be repaid on Monday in the first signs of a return to normal after last week's deal to agree a tough new package of bailout reforms.
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Banks Reopen, First Repayments Start as Greece Aims for Return to Normal
However capital controls will remain and payments and wire transfers abroad will still not be possible - a situation which German Chancellor Angela Merkel said on Sunday was "not a normal life" and warranted swift negotiations on a new bailout.
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Grexit Not a Foregone Conclusion Despite 'No' Vote: DBS
Stating that the next goalpost for ECB will be 3.5 billion euro repayment due on July 20, the report warned: "If Athens misses that deadline, ECB will have the right to freeze the ELA support and also put Greece in official default. Lack of a bailout deal by then will up the stake for Greece to exit the union."
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Greek Prime Minister Defends Vote, Demands 30% Debt Haircut
Greece's Prime Minister Alexis Tsipras on Friday defended a weekend referendum he hopes will reset bailout negotiations and demanded creditors forgive a third of the country's debt and allow delayed repayments for the rest.
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Greece Deal Possible Before July 20 Bonds Payment, Says Official
A new bailout deal for Greece could be agreed in time for the country to meet a July 20 deadline for the repayment of 3.5 billion euros ($3.9 billion) of bonds to the European Central Bank (ECB), a Eurozone official said on Wednesday.
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British Shoe Seller Tries to Crowdfund Greek Bailout
A British shoe shop worker launched an online crowdfunding campaign to raise the money for Greece to meet its now expired IMF debt repayment, saying he just wanted to help austerity-stricken Greeks.
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Oil Prices Drop as Greece Defaults And Output Soars
Greece, as expected, was not able to repay 1.6 billion euros it owed to the IMF, in what was the largest missed payment in the Fund's history.
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India Comfortably Placed to Withstand Greek Crisis
Greece's bailout programme is expected to expire on Tuesday. The debt-burdened country is expected to miss a 1.6-billion-euro ($1.7 billion) debt repayment due to the IMF the same day.
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Greek Finance Minister Yanis Varoufakis Confirms Country Will Not Pay IMF Today
Greece's Finance Minister Yanis Varoufakis said his country would not make the deadline on Tuesday for a key payment to the International Monetary Fund.
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UK Man Launches Crowdfunding Bid to Bail Out Greece
A British shoe-shop employee has raised over 30,000 euros ($33,575) so far through an online crowdfunding project to help Greece meet its IMF debt repayment due today.
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Greek Crisis Not to Impact ICICI Bank: Chanda Kochhar
There have been fears of the cash-strapped European nation missing its debt repayment deadline of June 30.
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Asian Shares Edge Down, Dollar Flat as Markets Monitor Greece
Athens's talks with creditors bogged down on details, with next week's deadline to repay 1.6 billion euros to the International Monetary Fund looming, and threatening to trigger Greece's removal from the euro zone.
-
EU Top Court Orders Greek Farmers To Repay Subsidy
The EU's top court today required Greece's farmers to repay 425 million euros in emergency aid to Athens authorities, confirming a decision that the money was in fact an illegal state subsidy.
-
Greece, Lenders Clinch Bailout Deal After Marathon Talks
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, Lenders in Final Push to Seal New Bailout: Report
Greece and international creditors sought to put final touches to a multi-billion euro bailout accord on Monday to keep the country financially afloat and meet an important debt repayment to the European Central Bank within days.
-
Greece Makes Repayment of Over 2 Billion Euros, No Longer in Default
Greece reopened its banks and ordered billions of euros owed to international creditors to be repaid on Monday in the first signs of a return to normal after last week's deal to agree a tough new package of bailout reforms.
-
Banks Reopen, First Repayments Start as Greece Aims for Return to Normal
However capital controls will remain and payments and wire transfers abroad will still not be possible - a situation which German Chancellor Angela Merkel said on Sunday was "not a normal life" and warranted swift negotiations on a new bailout.
-
Grexit Not a Foregone Conclusion Despite 'No' Vote: DBS
Stating that the next goalpost for ECB will be 3.5 billion euro repayment due on July 20, the report warned: "If Athens misses that deadline, ECB will have the right to freeze the ELA support and also put Greece in official default. Lack of a bailout deal by then will up the stake for Greece to exit the union."
-
Greek Prime Minister Defends Vote, Demands 30% Debt Haircut
Greece's Prime Minister Alexis Tsipras on Friday defended a weekend referendum he hopes will reset bailout negotiations and demanded creditors forgive a third of the country's debt and allow delayed repayments for the rest.
-
Greece Deal Possible Before July 20 Bonds Payment, Says Official
A new bailout deal for Greece could be agreed in time for the country to meet a July 20 deadline for the repayment of 3.5 billion euros ($3.9 billion) of bonds to the European Central Bank (ECB), a Eurozone official said on Wednesday.
-
British Shoe Seller Tries to Crowdfund Greek Bailout
A British shoe shop worker launched an online crowdfunding campaign to raise the money for Greece to meet its now expired IMF debt repayment, saying he just wanted to help austerity-stricken Greeks.
-
Oil Prices Drop as Greece Defaults And Output Soars
Greece, as expected, was not able to repay 1.6 billion euros it owed to the IMF, in what was the largest missed payment in the Fund's history.
-
India Comfortably Placed to Withstand Greek Crisis
Greece's bailout programme is expected to expire on Tuesday. The debt-burdened country is expected to miss a 1.6-billion-euro ($1.7 billion) debt repayment due to the IMF the same day.
-
Greek Finance Minister Yanis Varoufakis Confirms Country Will Not Pay IMF Today
Greece's Finance Minister Yanis Varoufakis said his country would not make the deadline on Tuesday for a key payment to the International Monetary Fund.
-
UK Man Launches Crowdfunding Bid to Bail Out Greece
A British shoe-shop employee has raised over 30,000 euros ($33,575) so far through an online crowdfunding project to help Greece meet its IMF debt repayment due today.
-
Greek Crisis Not to Impact ICICI Bank: Chanda Kochhar
There have been fears of the cash-strapped European nation missing its debt repayment deadline of June 30.
-
Asian Shares Edge Down, Dollar Flat as Markets Monitor Greece
Athens's talks with creditors bogged down on details, with next week's deadline to repay 1.6 billion euros to the International Monetary Fund looming, and threatening to trigger Greece's removal from the euro zone.
