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In currency markets, the euro was steady against the U.S. dollar at $1.1023.

European stocks were generally weaker Tuesday, with German shares getting hammered by news that China has devalued its currency.

Greece hopes to conclude negotiations with global creditors by early Tuesday at the latest, a Greek official said as talks continued in Athens on a new multi-billion euro bailout designed to keep the country from financial ruin.

Greece’s main stock index plunged over 22 percent as it reopened Monday after a five-week closure, giving investors their first opportunity since June to react to the country’s latest economic crisis.

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.

Mr. Gkoutzinis added that for investor confidence in the Greek market to be rekindled, the risk of Greece exiting the eurozone, and the risk of Greece defaulting on its financial liabilities would need to be off the table “once and for all”.

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...

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...

The senior official said Thursday that it was already understood that detailed plans for debt relief would not come for some months during the current first stage of developing the new plan.

“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.

The third bailout for Greece that was agreed upon in the eurozone and euro summit agreements last week in Brussels- and approved by the Greek Parliament, call for €86 billion in new loans for Greece and assumes some of the financing from the worldwide Monetary Fund.

It also comes after Greece repaid about 2 billion euros to the worldwide Monetary Fund, clearing all its arrears after missing several payments in June and July.

But Greek Prime Minister Alexis Tsipras has publicly said he doesn’t fully believe in the agreement.

NEW economic reforms imposed on Greece by creditors are going to fail, according to the country’s outspoken former finance minister.

Greece has initiated the process for the payment of a total 6.25 billion euros ($6.78 billion) to the European Central Bank (ECB) and the worldwide Monetary Fund (IMF), finance ministry officials told Reuters on Monday. “Greece is therefore no longer in arrears to the...