Latest Greek Crisis News

LONDON/ATHENS (Reuters) - Greek savers may be gripped by a "great fear that could develop into panic" in the words of President Karolos Papoulias, but many Greeks shifted their money to safer havens in Britain, Switzerland, Germany and Nordic countries long ago. Worries about a run on Greek banks have rattled Athens this …

LONDON (Reuters) - Relentless worries over a possible Greek exit from the euro zone checked European stock markets on Friday after a brief rally following sharp losses earlier in the week, and traders said markets would remain volatile over the coming month. The FTSEurofirst 300 index initially rose some 0.8 percent, but …

NEW YORK (Reuters) - Crude futures rose on Thursday, rebounding from the previous session's slump as investors fretted about potential disruptions to Middle East oil supplies after talks between world powers and Iran over its nuclear program ended with no agreement. After seeming conciliatory before the Baghdad talks, Iran …

European Union leaders pledged support for Greece on Thursday, vowing to keep the debt-wracked country in the eurozone as officials prepared behind the scenes for a possible doomsday scenario of exit.

European Union leaders pledged support for Greece on Thursday, vowing to keep the debt-wracked country in the eurozone as officials prepared behind the scenes for a possible doomsday scenario of exit.

The euro hit its lowest point against the dollar since July 2010 on Wednesday as European leaders met at a summit aimed at dealing with the threat that Greece could exit the eurozone.

LONDON (Reuters) - European shares fell on Wednesday, ending a two-day recovery rally, as fears resurfaced that Greece would have to leave the euro zone, and traders said money was likely to continue to flow out of equities and into bonds or cash in the near term. The FTSEurofirst 300 index fell 2.2 percent, or 21.68 points, …

European shares dived and the euro hit a 22-month low on Wednesday before an informal EU summit and after the former Greek prime minister warned that Greece might leave the eurozone.

The euro dived to a 22-month low under $1.26 on Wednesday, as investors shunned risky assets before an informal EU summit and after the former Greek premier warned that Athens might leave the eurozone.

LONDON (Reuters) - The euro fell to a 21-month low against the dollar on Wednesday as investors added to bearish bets on growing concerns about a chaotic Greek exit and widespread scepticism about the outcome of an EU summit due later in the day. EU leaders are expected to discuss growth-boosting measures but are not expected …

LONDON (Reuters) - The euro fell to a 21-month low against the dollar on Wednesday as investors added to bearish bets on growing concerns about a chaotic Greek exit and widespread scepticism about the outcome from an EU summit due later in the day. EU leaders are expected to discuss growth-boosting measures at an informal …

NEW YORK (Reuters) - U.S. equities faltered minutes before the close on Tuesday and the euro fell as hopes European leaders will tackle the region's debt crisis ebbed, fanning doubts that much would come of a meeting just a day away. European shares earlier gained almost 2 percent on optimism European leaders may devise …

NEW YORK (Reuters) - The euro extended losses against the U.S. dollar to trade more than 1 percent lower in late afternoon trade on Tuesday. Traders said the move was triggered by news reports quoting former Greece Prime Minister Lucas Papademos as saying that preparations for the country's exit from the euro zone are being …

Europe came under mounting pressure Tuesday to take action to boost growth as the OECD warned that the eurozone crisis has worsened and poses the greatest risk to a recovery for the global economy.

LONDON/BERLIN (Reuters) - Germany will pay no interest to borrow money over two years this week, taking advantage of investor demand for the euro zone's safest bonds as worries about a Greek euro exit rattle financial markets. The currency bloc's powerhouse set a zero percent coupon on a new two-year bond to be auctioned …

ATHENS (Reuters) - In a land of ancient myths, modern Greeks have created some of their own about their near-bankrupt country's future as an integral part of a Europe that will never kick them out. Solemn warnings from abroad that Athens cannot stay in the euro while rejecting the terms attached to the billions offered …

Athens (Reuters) - "Gentlemen, we are finished," said the patrician President, calling an abrupt halt to two hours of baiting and cat-calling between furious Greek politicians. "I'm starting to get upset myself now. We are finished." The final collapse of talks to forge a new Greek government triggered repeat elections …

ATHENS (Reuters) - The charismatic Greek leftist who could determine the fate of the euro begins a tour of European capitals on Monday carrying a single message: it's time to talk. In an interview on the eve of his first visit abroad since his surprise rise in a May 6 election, Alexis Tsipras veered occasionally into the …

Greek political leaders reacted angrily Saturday to a suggestion, attributed to German Chancellor Angela Merkel, that the country hold a referendum on euro membership alongside an election next month.

David Cameron has said his first face-to-face meeting with the French President was "very good", as world leaders start arriving at the G8 summit in the US.

BRUSSELS/LONDON (Reuters) - European officials are working on contingency plans in case Greece bombs out of the euro zone, the EU's trade commissioner said on Friday, as European share prices tumbled and Germany warned of continuing financial turmoil. German Finance Minister Wolfgang Schaeuble, one of Greece's harsher critics, …

WASHINGTON (Reuters) - Europe could strengthen its monetary union by giving European politicians the power to declare a sovereign state bankrupt and take over its fiscal policy, the former head of the European Central Bank said on Thursday in unveiling a bold proposal to salvage the euro. The plan offered by Jean-Claude …

David Cameron has warned fellow European leaders of the need for the eurozone to take "decisive action" to ensure stability in a high-level conference call to discuss the Greek crisis.