Eurozone

The critical Eurogroup teleconference on Greece has ended. The finance ministers of the Eurozone decided to reject a call by Greek PM Tsipras to extend Greece's bailout program. European Commission President Jean-Claude Juncker told journalists that things you are not...

In a private meeting with lawmakers in Berlin on Tuesday, German Finance minister Wolfgang Schaeuble informed those present that Greece would remain in the Eurozone "for the time being" even if Greek voters turn down the bailout package proposed by the...

Minister of Economy, Infrastructure, Shipping and Tourism Giorgos Stathakis said on CNN and The Financial Times that Greece will not make the repayment due to the International Monetary Fund on June 30 (today). The default will put Greece on a...

History can shed some light on the Greek drama. Before joining the euro, the Greece's government had previously implemented strict capital controls and transaction limitations.

Greece's Prime Minister Alexis Tsipras gave an interview to Greek public broadcaster ERT in the late hours of Monday, talking about the upcoming referendum set to be held on July 5. The referendum will ask Greeks to accept or reject the...

Greece's Finance Minister Yanis Varoufakis said that Greece won't hesitate to take the legal rout to EU courts if Greece's stay in the Eurozone is threatened. "Greece has threatened to seek a court injunction against the EU institutions, both to...

If you want to be executed vote YES, if you would rather commit suicide vote NO: Greece Referendum

Standard and Poors has downgraded Greece's credit rating to CCC- from CCC. The agency puts Greece into junk territory in sovereign credit ratings. Here's the rationale of the rating as it was released by S&P: Overview We interpret Greece's decision to hold a...

The European Commission approved Greece's imposition of capital controls on Monday, saying Athens was justified in temporarily breaching European Union laws on free capital movement in order to protect its banks. "As guardian of the Treaties and with a view...

French President Francois Hollande said Monday that the referendum on EU's bailout proposals to be held in Greece on July 5th is a "sovereign choice" on whether or not to leave the euro zone. "It is democracy, it is the...