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Greece debt News

24 May 2016

IMF calls for 'unconditional' debt relief for Greece

The IMF is involved in talks on making Greece's debt sustainable to approve the country's latest reforms and make new loans available.

11 Feb 2016

Greece bailout review could be done by Easter: EU

Greece and its creditors could complete the first review of the country`s latest bailout by Easter, but Athens needs to do more to complete controversial pension reform and other measures, the EU said Thursday.

International Monetary Fund

05 Feb 2016

No 'draconian measures' for Greece: IMF's Lagarde

The International Monetary Fund does not wish to slap "draconian measures" on hard-up Greece but wants more government progress on pension reform, IMF chief Christine Lagarde has said.

17 Nov 2015

Greece inks deal with creditors to unlock 12-bn euros: Minister

Greece in July accepted a three-year, 86-billion-euro (USD 93-billion) EU bailout.

Greece Prime Minister

16 Oct 2015

Greece's Tsipras faces first test since bailout rebellion

Left-wing Prime Minister Alexis Tsipras today faces his first test in parliament since a bailout rebellion split his party and triggered a snap general election last month.

29 Aug 2015

IMF's Lagarde says restructuring should suffice for Greek debt

A form of debt restructuring rather than outright forgiveness should enable Greece to handle its "unviable" debt burden, the head of the International Monetary Fund was quoted as telling a Swiss newspaper.

10 Aug 2015

Greece and creditors `close` to deal on third bailout

Greece and its creditors continued marathon talks into Sunday night with both sides indicating that the terms of a third bailout were close to being finalised.

International Monetary Fund

31 Jul 2015

IMF calls for Greek debt relief 'compatible' with EU agenda

The EU said on Friday that the International Monetary Fund's calls for debt relief for Greece are "fully compatible" with the agenda in Brussels for negotiating a third Athens bailout.

31 Jul 2015

Greek bailout talks shift into higher gear

Greece's talks with its international creditors on a third bailout worth 85 billion euros (USD 93 billion) shifted into a higher gear on Friday, with lead negotiators from the European Union and International Monetary Fund meeting key ministers in Athens.

17 Jul 2015

Back Greek talks or face chaos, Merkel tells German lawmakers

Chancellor Angela Merkel called on German lawmakers on Friday to back negotiations for a third Greek bailout, saying the alternative was chaos and that suggestions Athens might leave the euro temporarily wouldn`t work.

17 Jul 2015

IMF`s Lagarde urges debt restructuring for Greece

IMF Managing Director Christine Lagarde said on Friday the Fund was ready to participate in what she called a "complete" package to put the Greek economy back on its feet, make its debt sustainable and allow it to get its funding from financial markets.

15 Jul 2015

Greece to vote on bailout after explosive IMF report

Greece on Wednesday geared up for a parliamentary vote on draconian reforms demanded by eurozone creditors in exchange for a huge new bailout, just hours after a bombshell report from the International Monetary Fund criticised the deal.

11 Jul 2015

Goldman Sachs could be sued for helping hide Greece's debts: Report

If Greece follows the advice of a former Goldman Sachs banker, the global investment banking firm could face legal action for helping hide the European country`s debts through complex transactions, a media report said on Saturday.

11 Jul 2015

Greek PM wins backing for concessions; EU, IMF give positive signals

Greek Prime Minister Alexis Tsipras however faced a rebellion in his own party that could threaten his majority in parliament.

10 Jul 2015

Greece submits reforms to creditors to stay in euro

Lawmakers in Greece will vote as early as Friday whether to back a last-ditch reform plan the government submitted to creditors overnight in a bid to stave off financial collapse and exit from the eurozone.

09 Jul 2015

Merkel insists Greece debt haircut 'out of the question'

German Chancellor Angela Merkel reiterated Thursday that she opposes a debt "haircut" for Greece, a day after IMF chief Christine Lagarde called for debt restructuring for the crisis-hit country.

09 Jul 2015

IMF to not bend rules over Greece debt issue

"Our loans to countries experiencing difficulties, our loans are conditional upon various requirements, but all of them aim at restoring stability, restoring growth and debt sustainability," she said, Xinhua reported.

08 Jul 2015

Greece crisis: Govt prepared to face any situation

Government on Wednesday said it was closely monitoring the Greek crisis and prepared to face any situation in view of its 'comfortable' foreign exchange reserves.

07 Jul 2015

Greek crisis not due to `mean Germans`: Italy

Greeks have their own leaders to blame for the crisis in their country, and not "mean Germans", Italian Foreign Minister Paolo Gentiloni said Tuesday.

Greece creditors

05 Jul 2015

'Yes' and 'No' voters: Profiles of those voting for Greece's future

"Nobody needs luxury items right now, even people who can buy would feel insane with guilt if they did."

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