Greek Economy

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  NASA to Launch Mission To Asteroid Worth More Than All The Gold On Earth

  The Psyche spacecraft is targeted to travel to the asteroid using solar-electric (low-thrust) propulsion, following a Mars flyby and gravity assist.

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  Challenging Task Ahead For Alexis Tsipras After Poll Victory: Greek Media

  Greek Prime Minister-elect Alexis Tsipras has reaffirmed his dominance on the political landscape, but now faces the challenging task of building consensus in a fractious society traumatised by years of austerity, local media said today.

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  Banks Reopen, Taxes Hiked as Greece Seeks to Reboot Economy

  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.

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  Greek Newspapers Running Out of Paper

  With banks shut and the economy seizing up, some Greek newspapers like the Empros daily on the island of Lesvos are running out of paper and could be forced to stop sales altogether until the banks open again.

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  Spain Says Euro Irreversible, Greece Should Remain Part of It

  Spain's Economy Minister Luis de Guindos today said the euro currency was irreversible and Greece should remain part of it even after the Greeks rejected the conditions of a new rescue package on Sunday.

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  Greece Set to Vote in Crucial Referendum

  Greece heads to the crucial referendum today which could decide not only its own future but also that of Europe.

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  Mass Rival Rallies Ahead of Greece Bail Out Vote, PM Tsipras Urges People to Say 'No'

  Greek Prime Minister Alexis Tsipras addressed a crowd of 25,000 people who flooded the Syntagma Square in Athens on Friday, the last day of campaigning before Sunday's referendum.

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  World Stock Markets Tumble as Greece Crisis Deepens

  Share prices slumped across Europe on Monday as Greece shuttered its banks for a week following a fateful weekend that has shaken Europe's single currency.

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  Greek Banks Shut Until July 6, ATM Withdrawal Limit 60 Euros a Day: Government

  Greek banks will remain closed until July 6 - the day after a referendum on bailout proposals - and ATM withdrawals will be limited to 60 euros ($65) a day in the same period, according to an official decree published early Monday.

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  'Everything' Must be Done to Clinch Greek Deal by Monday: France

  French President Francois Hollande insisted on Friday that 'everything' must be done to seal a compromise on the Greek debt crisis before an emergency Eurozone summit in Brussels Monday.

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  Greek Prime Minister Alexis Tsipras Attacks Creditors Over 'Absurd' Reforms

  Greece's Prime Minister Alexis Tsipras on Monday attacked the country's creditors for insisting on what he described as "absurd" reforms which have only held up progress in negotiations for a deal aimed at preventing his country from defaulting.

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  Slow Growth, Greek Crisis, Ebola on Menu as IMF, World Bank Meet

  A sluggish global economy, the Greek debt crisis and continuing fallout of the Ebola epidemic will take focus beginning today when top finance officials gather for the World Bank and IMF Spring meetings.

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  Will Not Compromise with Eurozone: Greek Prime Minister Alexis Tsipras

  A combative Greek Prime Minister Alexis Tsipras said today his government would not succumb to blackmail from its euro zone partners and was in no hurry to reach a new debt agreement.

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  Greece in Fighting Mood, Warns European Union

  In the streets of Athens, Greeks are clinging to hope of a bailout deal after a dramatic stand-off with Brussels, but warn they would not be the only ones to pay the price of failure.

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  Greek Prime Minister Easily Wins Confidence Vote

  Greek Prime Minister Alexis Tsipras comfortably won a confidence vote on his plan to cancel a deeply unpopular bailout programme and challenge European leaders as both sides prepare for a showdown at meetings in Brussels this week.