Tag

A Greek government official said the hope is that a deal that “covers everything” will be concluded as soon as possible and indicated that one could be imminent by the time of a meeting of the eurozone’s 19 finance ministers on Friday.

Greece’s prime minister said his country was in the “final stage” of talks for a new bailout, as his left-wing government on Wednesday rejected the idea of extending the negotiations beyond this month.

The European Union agreed that this position was “fully compatible” with its own agenda on a Greek bailout, which could be worth up to €86 billion (RM361.97 billion).

Play video “Greece Crisis: Brain Drain To UK”.

Greek crises has many unanswered questions and silent reservations, where the bailout plan of €86 billion could still be scraped and further developments may experience criminal proceedings, regarding the former finance minister.

If the talks are not completed in time, European authorities may have to provide further temporary financing as they did with a July bridge loan, though Avgi said that possibility had not been discussed with lenders.

An IMF official said the Fund would approve new loans for Greece only if Athens reached a deal with European governments that would ensure it can pay its debts, and there was “no expectation” that talks over the next couple of weeks would get to the point where the...

The global Monetary Fund can not participate in another Greek bailout until Greece and its creditors make hard decisions on economic reforms and debt relief, a fund official said Thursday.

ATHENS, July 31 Greece’s ruling Syriza party on Thursday backed a call from Prime Minister Alexis Tsipras for an emergency party congress, as he sought to assert authority following a revolt by hardliners on his handling of bailout talks. European governments have resisted...

“This would have created a parallel banking system, which would have given us some breathing space, while the banks would have been shut due to the ECB’s aggressive policy”, Varoufakis was quoted as saying.

“We are satisfied with the smooth and constructive cooperation with the Greek authorities, and that should now allow us to progress as swiftly as possible”, Mina Andreeva, a European Commission spokeswoman, said in Brussels.

“I would be the last person to want elections, if I had the secured parliamentary majority to make it through to the end of the four-year term”, he said in an interview with Sto Kokkino radio station.

But instead of taking a harder line with the creditors, Tsipras and a majority of the cabinet decided to put forward a proposal capitulating to EU and European Central Bank demands for additional austerity measures in a country whose economy has contracted 25 percent since 2010.

“It is necessary to secure that this “game” won’t happen again during coming discussions about the form of the third aid package for Greece”.

Prime Minister Alexis Tsipras managed to push through a series of unpopular reforms demanded by the country’s worldwide creditors, while on the streets of Athens anti-austerity protests turned raging as protesters threw firebombs at police.