Greek Government Debt

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  Greece's Alexis Tsipras Facing The Music After Rollercoaster Year In Power

  He came to power vowing a debt revolution, but after a rollercoaster year of economic meltdown forcing him to abandon his election promises, a less bouncy but still charismatic Greek Prime Minister Alexis Tsipras is facing the music.

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  Moody's Maintains Junk Rating for Greece Debt

  Moody's has maintained its deep junk "Caa3" credit rating for Greek government debt, but has upgraded its outlook following recent political breakthroughs.

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  Greek PM to Seek Confidence Vote After August 20: Government Official

  Greek Prime Minister Alexis Tsipras will seek a confidence vote after August 20 when a debt repayment to the European Central Bank falls due, a government official said on Friday after his coalition won approval for a new bailout accord.

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  Greek Bailout to Total 'Around' 85 Billion Euros: Athens

  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.

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  Greece, Creditors 'Close' to Deal on Third Bailout

  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.

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  Greece in 'Final Stretch' for Deal With Creditors: Alexis Tsipras

  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.

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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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  International Monetary Fund Calls for Greece Debt Relief Ahead of Bailout Vote

  An International Monetary Fund study published on Tuesday showed that Greece needs far more debt relief than European governments have been willing to contemplate so far, as fractious parties in Athens prepared to vote on a sweeping austerity package demanded by their lenders.

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  Some in German Government Preferred Temporary Grexit, Says German Finance Minister

  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.

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  Anti-German Backlash as Social Media Tweets Denounce Greece 'Coup'

  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.

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  Euro Zone Summit Aims to Save Greece in Euro Zone

  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".

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  Germany Floats Greek Euro 'Time-Out' Without More Reforms

  The German government has argued that Greece could take a five-year "time-out" from the euro zone and have some of its debts written off if Athens fails to improve proposals it has made for a bailout.

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  Euro Zone Gives Greece Until Sunday for Debt Deal

  French President Francois Hollande said the European Central Bank would ensure that Greek banks had the minimum necessary liquidity to stay afloat until Sunday.

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  Eurogroup Ministers Expect 'New Proposals' from Greece

  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.

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  Greek Tourism Industry Take a Hit Due to Debt Crisis

  The tourism industry accounts for 18 per cent of Greece's GDP. A lifeline for the country, it employs more than 900,000 people.