Greece narrowly escaped an exit from the 19-member eurozone in July following months of uncertainty after the government and its worldwide creditors struck a bailout “aGreekment” in a reform-for-aid deal for the debt-stricken country.
Gerovasili refused to give details on a potential early election, but said any action would come after August 20, when Greece has to make a large debt repayment to the European Central Bank. The terms also create problems for Prime Minister Alexis Tsipras, who faces waning...
Tsipras submitted his resignation after facing the largest rebellion yet within his own Syriza party when a third of his legislators voted against or abstained from voting on austerity bailout measures required to reach a deal with European creditors.
The bill on the rescue deal passed just in time for Greek Finance Minister Euclid Tsakalotos to head to Brussels to meet his counterparts from the 19-country currency union in the hope of getting their seal of approval as well.
The approval comes after six hours of talks to nail down the tough and far-reaching reforms Athens must implement in return. Unable to borrow on the worldwide markets, another bailout is all that stands between Greece and a disorderly default on its debts – as soon as next...
Greece’s partners in the euro currency are debating whether to give that country billions of dollars in new loans, now that the Greek parliament has passed a package of painful reforms and spending cuts.
If the bailout is not approved by the Eurogroup, it could decide to grant Greece 6.04 billion euros in bridge financing, according to German newspaper Bild, citing a European Commission proposal for the meeting.