Greek debt

The eurozone is very close to an agreement on Greek debt, French Finance Minister Pierre Moscovici said Sunday on the eve of key talks between the currency bloc's finance ministers. "I think that in effect we are very close to...

Eurogroup's failure yesterday to reach an agreement about Greece after 12 hours of talks, attracted the attention of international media agencies today with most reports underlining that now Greece is forced to anxiously wait for the disbursal of the...

Citigroup Inc is to shut almost half its branch network in Greece, where retail banking activity has dried up because of the country's debt crisis. Citi, the last major international bank with a countrywide presence in Greece, will cut its...

German Finance Wolfgang Schaeuble reiterated his opposition to any haircut on Greek debt held by the public sector, speaking during a television interview on Sunday. Schaeuble told German ARD public television that under national budget rules such a haircut would...

Greece on Friday was in the process of repaying a 5-billion-euro ($6.4 billion) treasury bill with money raised from another debt issue this week, thus avoiding a payment default, a debt management agency source said, according to Wall Street...

The International Monetary Fund's long-held debt-reduction target for Greece is non-negotiable, a fund official said Thursday, adding that the IMF's European bailout partners must take "other actions" to cut the beleaguered country's debt profile. "Critical to us is Greece's debt...

Greece should be given much more time to meet its budget targets, and its official creditors should provide better terms on their loans if the country hopes to escape its debt trap, the head of an international lobby group...

Germany wants to bundle three tranches of aid to Greece into one payment of more than 44 billion euros, German newspaper Bild said on Tuesday, citing German government sources. A German finance ministry spokeswoman, asked to comment on the Bild...

While debt sustainability is precondition for aid payments, IMF chief Christine Lagarde is demanding that the European Union and European Central Bank - its partners in $325 billion in two bailouts for Greece - write off much the country's...

Only another write-down of Greece's debt will help stabilise the country financial situation, a just-departed director of the International Monetary Fund says. Arvind Virmani, who represented India at the IMF for three years until the end of October, on Friday...