German Chancellor Angela Merkel has expressed her support for the European Central Bank's plan to buy sovereign bonds under strict political conditions.
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Greek Finance Minister Yannis Stournaras has been told during a visit to Berlin by his German counterpart Wolfgang Schäuble that Greece must stay the course in implementing its fiscal reforms.
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The International Monetary Fund's number two official on Friday expressed cautious optimism that Greece would take the necessary steps to put its bailout program back on track. Greece faces a longer recession if the country is forced by EU peers to apply cuts worth 11.6 billion euros
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Greek Prime Minister Antonis Samaras is eager to make an impression, and duly pledged to do his utmost to win back Europe's trust. Fed up with Greece's repeated failure to reform, European leaders including German Chancellor Angela Merkel and French President Francois Hollande bluntly warned Samaras that the country would get no further aid,
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A report from the UN International Labor Organization predicts a major spike in German unemployment should Greece leave the eurozone. But economists question just how badly a so-called 'Grexit' would affect Germany. As parliamentarians across Europe wrap up their summer vacations and prepare to return to the halls of power, the headlines are still full of the unsolved euro crisis.
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Angela Merkel tried to calm a growing storm over euro zone crisis strategy , she warned that "every day" counts in efforts by debt-wracked Greece to comply with its commitments and safeguard its eurozone membership.
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Greek Prime Minister Antonis Samaras has admitted there could be an unprecedented deal to lease islands in order to obtain crisis management funds. In an interview to France’s Le Monde, he said national security is the only precondition for the deal.
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German Chancellor Angela Merkel on Wednesday dismissed the chances of agreeing on changes to Greece's bailout package during upcoming talks with Prime Minister Antonis Samaras. Greece is seeking to extend the terms of a previously-agreed bailout deal by two years until 2016 to avoid further measures that could fuel popular unrest
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German Chancellor Angela Merkel and French President Francois Hollande will try to present a united front when they meet Thursday ahead of a fateful few weeks for Greece's eurozone future.
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If they get sick while taking their employer-paid vacation, their employer now has to pay them to take another. According to The New York Times, all 27 countries within the European Union, and all employers within them, must abide by that recent vacation ruling by the EU’s highest court.
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Greece said Friday it will auction (EURO)3.125 billion ($3.83 billion) in short-term debt to help pay off a (EURO)3.2 billion bond repayment due on Aug.20.
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Top EU officials have decreed Greece should leave the eurozone if unable to stick to the austerity measures imposed by European creditors. The political crisis in Athens is making this scenario not altogether impossible.
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That's where we leave our coverage for today. We'll be back first thing in the morning to pick up where we left off. Thanks for reading
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Greece has still to find up to €4 billion ($5 billion) worth of cuts to satisfy the demands of its international creditors, the country's finance minister said Tuesday.
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An Italian newspaper this week run a front page decrying alleged German domination of Europe, showing an image of Chancellor Angela Merkel often criticized for insisting on austerity measures and fiscal discipline in the crisis hit nations alongside the headline "Fourth Reich,"
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Greece's latest fiscal and reform pledges may be enough to convince international lenders weary after years of broken promises to keep Athens hooked to a 130 billion euro lifeline, but the battle to implement it will be epic.
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There's still one group that loves the training pool for athletes at the former Olympic village in Athens' northern fringe. Frogs.
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Greece led the athletes parade at the opening ceremony to the London Games aginst the backdrop of a national economic crisis, having vowed to put their problems behind them.
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Europe's economic crisis has deepened, with a slump in German confidence, worsening British recession and a debt-wracked Greece and Spain seeking French support in the face of soaring borrowing costs
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EU officials said Greece had little hope of meeting the terms of its bailout, casting fresh doubt on its future in the euro zone with inspectors from the EU, European Central Bank and International Monetary Fund returning to Greece to decide
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The German weekly Der Spiegel reported at the weekend that Greece would need up to 50 billion euros in additional aid beyond the 130 billion euros already agreed and also said the IMF may refuse to contribute any further funding.
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Athens coming under criticism from its international creditors. Reforms were further delayed by a protracted political crisis impacted eurozone economy.
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Greek Finance Minister Yannis Stournaras said euro-area governments vowed to prevent Greece from defaulting next month while reviewing the nation’s eligibility for more aid amid a worsening recession.
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Greece new government admitted that key elements of its painful economic adjustment program are off track, as meetings continue in Athens with inspectors from the European Union
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Greece's new government will present "alarming" data on its recession and unemployment to international debt inspectors this week, in a bid to renegotiate the terms of its bailout agreements.
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Greek leftist is "enfant terrible" of euro crisis
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Cyprus on Monday announced it was applying for a eurozone bailout, claiming its banks have been hit hard by exposure to Greek debt. The nation needs 1.8 billion euros to recapitalise its leading bank, Cyprus Popular Bank.
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German chancellor appears to have bowed down to pressure to provide more aid, but warns there is no ‘magic formula’
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German Chancellor Angela Merkel will pit herself against France and Italy on Thursday at an EU summit that could shape the euro zone's future,
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In Greek mythology, King Sisyphus pushed a boulder up a hill, over and over, forever, in a futile exercise that a few commentators have compared to international efforts to revive Greece's dire finances.
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