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A meeting of European finance ministers broke up late Saturday with no agreement on whether Greece should be granted its third bailout since 2010, reflecting deep divides over whether the Athens government can be trusted to repay huge new loans and leaving the continent hours...

A full summit of all 28 European Union leaders will vote on Greece’s proposal on Sunday. In particular, the reforms proposed list includes measures worth about 12 billion euros focusing on the taxation and pension systems, according to “Naftemporiki” (Shipping...

“Whenever you see any kind of bank line, there is in the back of investors” mind the thought: “What if it spreads?” This may apply to us as individuals, but not to countries. First, the Greeks can never repay all their debts, not even in the rosiest...

The Greek leader declared that he was not seeking a “rupture” with Europe but rather a “socially just and economically viable agreement without the mistakes of the past, that caused a recessionary spiral”.

The admission by hardline German Finance Minister Wolfgang Schaeuble came hours before the midnight deadline for Athens to submit its reform plan.

They are now due to remain closed through Monday, at which time he said a new order would be issued expanding what transactions can be carried out. With a deadline just hours away to come up…

Greek Prime Minister Alexis Tsipras will address the European Parliament on Wednesday after European leaders gave his debt-stricken country a final deadline to reach a new bailout deal and avoid crashing out of the euro.

The ECB is now keeping Greek banks – and by extension the Greek economy – afloat via its Emergency Liquidity Assistance, or ELA, facility.

“It’s clear that talks are likely to include some extent of debt recast or write-downs to provide relief to Greek public finances”.

“Pierre Moscovici said on Saturday ahead of the meeting that the differences between Greece and its creditors could be bridged”.

Foreign exchange traders at Barclays were in the office from Sunday afternoon to follow developments, and research and sales staff were monitoring the Greek referendum over the weekend, a spokesman for the bank said.

The finance ministers would then hold a conference call to discuss whether the request was viable.

Prime Minister Alexis Tsipras called the referendum last weekend, asking Greeks to decide whether they should accept creditor reform proposals in return for bailout funds.

Creditors had wanted more spending cuts in exchange for extending the country’s multibillion euro bailout deal until November.

“So that cannot happen and will not happen”.