Tag

Senior Merkel allies Ralph Brinkhaus and Eckhardt Rehberg tried to put a positive spin on the Greek deal, noting that Schaeuble had won concessions on privatisations and that the first tranche of aid, at 26 billion euros, would be smaller than initially planned, keeping Athens on...

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.

To qualify for its third bailout in five years, Greece must agree to sweeping changes to the way it manages its economy.

Greek Prime Minister Alexis Tsipras’s Syriza party looked set to split after the leader of its far-left faction called for a new movement to fight a bailout deal that lawmakers will vote on later on Thursday.

Berlin is the main creditor of Greece and its approval is needed in order for the new bailout package to be given to Athens so that it can repay Euro 3.4 billion (USD 3.7 billion) to the European Central Bank by an August 20 deadline. The Greek parliament will vote on over 50...

Is the worldwide Monetary Fund on board? The first tranche of bailout funds will flow to Greece once its fellow eurozone nations agree. At this stage it is unclear. We still need to talk with each other on a few issues. Greece will only avoid the threat of “Grexit” if...

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.

“We’re talking about a program for three years, it needs to be negotiated thoroughly”, Deputy Finance Minister Jens Spahn told Germany’s ARD television shortly before Greece and its worldwide lenders said they had concluded a new bailout package.

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.

Don Gimbel, global portfolio manager of Geneva Advisors in Chicago – who oversees $9 billion – asks, “Why would anybody want to be invested in a controlled market?”

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.

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...

But a European source said it was not yet confirmed that the talks would begin Friday, adding that at most “only a few people” from the so-called troika of creditors would arrive before the weekend.

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...

“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.