Greek bailout

Amid fruitless negotiations between Greece’s anti-austerity coalition government and its international creditors over the terms of the current bailout program, Greek bank deposits fell in April to 139.4 billion euros, down from 145 billion euros in March, according to data released by the European...

German Finance Minister Wolfgang Schaeuble said he was surprised by Greek officials' statements that Greece and its creditors are close to an agreement" contradicting Greek Prime Minister Alexis Tsipras who said earlier that he is finally close to an agreement with...

The Greek government's goal in the negotiations was to convince its partners to finally shift away from a mistaken economic policy - something that they were unable to admit for political reasons - and find a lasting solution to...

Greece will need a third bailout package this summer in order to avoid a potential default, sources close to the institutions involved in European negotiations have told German daily newspaper Die Welt. European creditors believe that even if Greece receives the current...

A witness to Yanis Varoufakis attack in Athens, said that the Greek Finanace minister informed the crowd of anarchists who attacked him that he is not part of the 'system' thus he won't survive long in Greece's political scene...

Greece and its euro-area partners are stepping up talks in a bid to break an impasse over bailout aid as early as next week, even if the country’s government sent conflicting signals over its willingness to agree on long-stalled reforms,...

Greek Prime Minister Alexis Tsipras' decision to practically replace the head of the negotiating team with its European partners by sidelining controversial Finance Minister Yanis Varoufakis and replacing him with the low profile Alternate Foreign Minister for International Economic Relations Euclid Tsakalotos may...

His belief that the European partners want Greece to remain part of the single currency while following Eurozone's rules expressed Portuguese Deputy Prime Minister Paulo Portas. "Everybody wants Greece in the euro. Europe has rules and guidelines. It is...

Today's Eurogroup bore no fruit for Greece and Finance Minister Yanis Varoufakis was reportedly hammered by his peers. A clear image for the negative climate Greece's outspoken Finance Minister encountered is given by Eurogroup President Jeroen Dijsselbloem. The Eurogroup President said the...

Greece and its international creditors have not agreed on a "Plan B" in case the country fails to pay the International Monetary Fund (IMF) on time or default, as there is still no agreement over the disbursement of its bailout funds,...