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Greece Eurogroup Inconclusive; Will Reassess on Sunday

Saturday's crucial Eurogroup meeting, where finance ministers discussed the newly submitted Greek bailout proposal, has been inconclusive. The Eurogroup will meet again on Sunday...

Former Greek FinMin Varoufakis: ‘I Will Not Vote Tonight’

Former Greek Finance Minister Yanis Varoufakis announced through his Twitter account that he will not be present at the Greek Parliament tonight, July 10,...

Berlin Will Provide the Deciding Vote for Greek Proposal

Media in Germany are claiming that the new proposal submitted by the Greek government is similar to the one tabled by the institutions in June. Furthermore, German...

French President Hollande: Greek Program Is Serious and Credible

The Greek government's new proposals are indicative of the Greece's volition Greece to remain in the Eurozone, said French President Francois Hollande on Friday. Hollande stated...

Athens Bar Association Says Greek Referendum Unconstitutional

The Athens Bar Association adopted a resolution on Tuesday in which they indicate that the upcoming referendum on 5 July includes some unconstitutional elements...

Kalo Mena Greece

On the first day of each month, Greeks greet each other with the salutation Kalo Mena, loosely translated as “Have a Good Month.” This first day of July 2015 promises to bring very little good for Greece.

Moody’s Downgrades Greece Bonds to Junk

Moody's Investors Service has today downgraded Greece's government bond rating to Caa3 from Caa2 and placed the rating on review for further downgrade. "The short-term...

Greece Defaults on International Obligations; IMF Statement

Greece has missed its June deadline to pay €1.6 billion to the IMF, becoming the first developed country to default on its international obligations. Mr....

Fitch Downgrades Greece Further to ‘CC’

Fitch Ratings has downgraded Greece's Long-term foreign and local currency Issuer Default Ratings (IDRs) by one notch to 'CC' from 'CCC'. The issue ratings...

EFSF Announces End of Greek Bailout Programme; Greece on its Own

The European Financial Stability Facility (EFSF) just released a statement announcing the end of its financial assistance to Greece. After the end of the...

Greece Offered to Conditionally Suspend Referendum: Reports

Greece has offered to suspend its planned referendum said Malta's Prime Minister Joseph Muscat according to a report by the Times of Malta. "They are...

Eurogroup Meeting Suspended Without Reaching Agreement

While European leaders are preparing for the summit, the European finance ministers Eurogroup started its second meeting in less than 24 hours. Both sides...

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