Greek Crises

Time magazine today named German Chancellor Angela Merkel as its "Person of the Year 2015," hailing her leadership for navigating debt and refugee crises that threatened to tear the European Union apart.

Greece's third bailout, whose technical details were agreed to with international creditors on Tuesday, will total "around 85 billion" euros over three years, the Greek government said.

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.

Greek Prime Minister Alexis Tsipras asked Europe to help in handling tens of thousands of refugees coming in from Syria, Afghanistan and other war zones, saying on Friday his cash-strapped country could not deal with them alone.

Greek Prime Minister Alexis Tsipras and French President Francois Hollande agreed on Thursday that Athens and its international creditors "can and must" reach a bailout deal after August 15.

Greek Prime Minister Alexis Tsipras on Wednesday said his government is nearing a deal with international creditors on a mammoth bailout, as his spokeswoman raised the prospect of early elections in the fall.

Greece's ruling Syriza movement backed a call on Thursday from Prime Minister Alexis Tsipras to hold an emergency party congress as he seeks to assert his control over rebel lawmakers balking at new bailout talks.

Greek banks reopened today after a shutdown lasting three weeks imposed by the government to avert a crash in the banking system over the country's debt crisis.

More than half of Germans think the planned deal with Greece is bad and many would have preferred that the crisis-stricken country left the euro zone rather than getting the chance for further aid, according to an opinion poll.

Greece today geared up for a parliamentary vote on draconian reforms demanded by eurozone creditors in exchange for a huge new bailout, in what could be Prime Minister Alexis Tsipras's toughest political test yet.

Some in the German government would have preferred a temporary Greek exit from the euro zone, German Finance Minister Wolfgang Schaeuble said today, without saying if he was among that number.

Ongoing developments in Greece have only indirect implications for India and their impact, if any, is difficult to quantify, Finance Secretary Rajiv Mehrishi said today.

A list of demands handed to the Greek government in order to secure a European bailout inspired a social media backlash against Germany and its hawkish finance minister, Wolfgang Schaeuble.

Luxembourg's foreign minister has made an impassioned plea for Germany to avoid a Greek exit from the euro, warning Berlin of a catastrophic schism with France if it pushes for Athens to leave the currency union.

Euro zone leaders will fight to the finish to keep near-bankrupt Greece in the euro zone today after the European Union's chairman cancelled a planned summit of all 28 EU leaders that would have been needed in case of a "Grexit".

Time magazine today named German Chancellor Angela Merkel as its "Person of the Year 2015," hailing her leadership for navigating debt and refugee crises that threatened to tear the European Union apart.

Greece's third bailout, whose technical details were agreed to with international creditors on Tuesday, will total "around 85 billion" euros over three years, the Greek government said.

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.

Greek Prime Minister Alexis Tsipras asked Europe to help in handling tens of thousands of refugees coming in from Syria, Afghanistan and other war zones, saying on Friday his cash-strapped country could not deal with them alone.

Greek Prime Minister Alexis Tsipras and French President Francois Hollande agreed on Thursday that Athens and its international creditors "can and must" reach a bailout deal after August 15.

Greek Prime Minister Alexis Tsipras on Wednesday said his government is nearing a deal with international creditors on a mammoth bailout, as his spokeswoman raised the prospect of early elections in the fall.

Greece's ruling Syriza movement backed a call on Thursday from Prime Minister Alexis Tsipras to hold an emergency party congress as he seeks to assert his control over rebel lawmakers balking at new bailout talks.

Greek banks reopened today after a shutdown lasting three weeks imposed by the government to avert a crash in the banking system over the country's debt crisis.

More than half of Germans think the planned deal with Greece is bad and many would have preferred that the crisis-stricken country left the euro zone rather than getting the chance for further aid, according to an opinion poll.

Greece today geared up for a parliamentary vote on draconian reforms demanded by eurozone creditors in exchange for a huge new bailout, in what could be Prime Minister Alexis Tsipras's toughest political test yet.

Some in the German government would have preferred a temporary Greek exit from the euro zone, German Finance Minister Wolfgang Schaeuble said today, without saying if he was among that number.

Ongoing developments in Greece have only indirect implications for India and their impact, if any, is difficult to quantify, Finance Secretary Rajiv Mehrishi said today.

A list of demands handed to the Greek government in order to secure a European bailout inspired a social media backlash against Germany and its hawkish finance minister, Wolfgang Schaeuble.

Luxembourg's foreign minister has made an impassioned plea for Germany to avoid a Greek exit from the euro, warning Berlin of a catastrophic schism with France if it pushes for Athens to leave the currency union.

Euro zone leaders will fight to the finish to keep near-bankrupt Greece in the euro zone today after the European Union's chairman cancelled a planned summit of all 28 EU leaders that would have been needed in case of a "Grexit".