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Greece on European charm offensive in search of debt relief
Greece's new anti-austerity government was set to kick off its European charm offensive in Paris on Sunday seeking to renegotiate its 240 billion euro ($270 billion) bailout, though Germany has already refused to consider any debt relief. Finance Minister Yanis Varoufakis, who is looking to write down half of Greece's debt, was scheduled to meet with his French counterpart Michel Sapin and ...(2/1/2015 9:44:10 AM)
Greece starts drive to sell new debt deal to doubting Europe
By Angeliki Koutantou ATHENS (Reuters) - Greece's leftist government on Sunday began its drive to persuade a skeptical Europe to accept a new debt agreement while it starts to roll back on austerity measures imposed under its existing bailout agreement. After a turbulent first week in office, the new government has made clear it wants to end the existing arrangement with the European Union, the ...(2/1/2015 10:07:42 AM)
Greece Will Repay ECB, IMF, Reach Deal With Europe, Tsipras Says
Greece will repay its debts to the European Central Bank and the International Monetary Fund and reach a deal “soon” with the euro-area nations that funded most of the country’s financial rescue, Tsipras said in a statement e-mailed to Bloomberg News on Saturday. Bond yields surged on Friday after Finance Minister Yanis Varoufakis said the new government will turn its back on the rescue program ...(1/31/2015 7:01:01 PM)
Greece rejects new loans as money runs out
The decision by Greece's anti-austerity government in Athens to refuse fresh EU-IMF loans has set economists guessing how long Greece's meagre finances can last. "From what I hear, Greece can barely hold on until February," Alexandre Delaigue, economics professor at the French military academy Saint-Cyr, told AFP. The new hard-left government of Prime Minister Alexis Tsipras that took over after ...(2/1/2015 12:24:49 AM)
Greece says will not cooperate with "troika" or seek aid extension
By Lefteris Papadimas and Angeliki Koutantou ATHENS (Reuters) - Greece's new leftist government opened talks on its bailout with European partners on Friday by flatly refusing to extend the program or to cooperate with the international inspectors overseeing it. Prime Minister Alexis Tsipras' government also sacked the heads of the state privatization agency after halting a series of state asset ...(1/30/2015 4:23:17 PM)
Greece's Piraeus port U-turn will not hurt China investment: analysts
The shipping containers emblazoned with the COSCO logo on the quayside at Greece's biggest port Piraeus are a sign that China has invested heavily here. China will still be a "privileged partner for Greece", they say. COSCO, through its Piraeus Container Terminal (PCT) arm, manages the two main container terminals at the port -- one of Europe's busiest -- under a 35-year concession signed in ...(1/31/2015 10:38:55 PM)
Germany to Greece: Don't mess with us over debt, austerity
ATHENS, Greece (AP) — Greece and its European bailout creditors were in open dispute Friday, with Germany bluntly rejecting suggestions the heavily-indebted country should be forgiven part of its rescue loans and warning against "blackmail" from Athens.(1/30/2015 2:20:24 PM)
Flash floods hit Greece, Albania, force evacuations
ATHENS, Greece (AP) — Flash floods caused by heavy rains have hit northwestern Greece and southern Albania, forcing the evacuation of hundreds of villagers Sunday and destroying a famous 18th-century stone bridge.(2/1/2015 10:23:58 AM)
Wonkblog: Greece really might leave the euro
Greece's banks, not its debt, are what might force it out of the euro, as it gets ready to fight Europe over austerity.(1/30/2015 2:41:00 PM)
Greece Starts Countdown to Cash Crunch Saying Bailout Over
The new government may be operating without a financial safety net for the first time in five years by March after Varoufakis challenged the euro area to agree to a new framework of support that allows for more spending. Greece won’t engage with officials from the troika who have been policing the conditions of its rescue since 2010, he said at a joint press conference with Eurogroup Chief ...(1/31/2015 8:06:13 AM)
Source: Yahoo