Latest Greek Crisis News

  • Would euro departure help or hurt Europe's currency union?
    Would euro departure help or hurt Europe's currency union? 3 hours ago

    With aid negotiations off and ATMs running out of money, it's not speculation any more. Greece could leave the euro. And soon. What would that mean for the Greek people and for the European Union's 16-year-old ... More »

  • The Latest: Greek PM urges voters to ignore scaremongers
    The Latest: Greek PM urges voters to ignore scaremongers 10 hours ago

    The latest news on Greece's financial woes and its upcoming referendum on Sunday (all times local): ___ 10:50 p.m. Greece's prime minister is urging citizens to vote "no" in Sunday's austerity ... More »

  • UK private-sector growth falls to six-month low in June - CBI
    UK private-sector growth falls to six-month low in June - CBI 11 hours ago

    Growth in Britain's private sector eased to its lowest level since the end of last year during the three months to June, although optimism among companies surged, according to the Confederation of British Industry. The CBI said on Saturday its monthly growth indicator -- based on separate surveys of manufacturers, retailers and services -- fell to +14 in June, its lowest since December, from +33 in May. While manufacturing growth ticked up, the pace of expansion in services companies comprising the bulk of Britain's private sector rowed back from a more than nine-year high in the three months to May. Despite June's slowdown, output expectations for the next three months rose to their highest level since last August. More »

  • UK to curb protection for savers, blames EU rules
    UK to curb protection for savers, blames EU rules 11 hours ago

    By David Milliken LONDON (Reuters) - British savers will have less of their money protected if a bank fails next year, the government said on Friday, blaming European Union rules which one senior lawmaker called "absurd". Relations between Britain and the EU are already tense. Prime Minister David Cameron, who is trying to reshape relations with the 27-member bloc before calling a referendum by the end of 2017 on whether to stay in, wants to ensure that Britain is not disadvantaged by not using the euro. More »

  • Greek PM Tsipras speaks to 25,000 as food and medicine supplies run low
    Greek PM Tsipras speaks to 25,000 as food and medicine supplies run low 12 hours ago

    Around 25,000 people gathered to hear PM Alexis Tsipras speak this evening. More »

  • Greek PM: 'Say No To Those Who Terrorise You'
    Greek PM: 'Say No To Those Who Terrorise You' 12 hours ago

    Rival rallies were held in Athens ahead of Sunday’s vote, which asks Greeks whether they want to accept the international creditors' proposals for further austerity in exchange for more loans. Alexis Tsipras told a "no" rally that the vote was "a celebration of democracy". "On Sunday, we are not just deciding that we are staying in Europe, but that we are deciding to live with dignity in Europe," he said. More »

  • Leftist Spanish parties back 'No' vote in Greek referendum
    Leftist Spanish parties back 'No' vote in Greek referendum 13 hours ago

    Six Spanish leftist parties and platforms on Friday backed a "No" vote in Sunday's Greek referendum on its bailout terms. More »

  • Greek PM is hero and villain at rival rallies in divided Athens
    Greek PM is hero and villain at rival rallies in divided Athens 13 hours ago

    A warrior for the "No" supporters, an "emperor with no clothes" for the "Yes" camp -- thousands of people demonstrated at rival rallies in Athens Friday where Prime Minister Alexis Tsipras was both hero and villain. More »

  • Eight days in the Greek debt crisis
    Eight days in the Greek debt crisis 14 hours ago

    A 50 euro banknote is attached to a Greek flag with stickers reading "Yes to Greece, yes to Europe" on July 3, 2015 in central Athens, during a rally supporting a "Yes" vote on the ... More »

  • Greek referendum not about being in euro zone or not - EU's Tusk 15 hours ago

    The European Union is looking for ways to keep Greece inside the euro, but that may mean getting used to having a bankrupt country in the single currency area, European Council President Donald Tusk was quoted as saying. "Maybe we will have to get used to living with a country as a member of the euro zone in bankruptcy," Tusk said in an interview given on Thursday evening to news website Politico before Sunday's Greek referendum on a bailout deal. "It’s very clear that the referendum is not ... about being in the euro zone or not," Tusk said, diverging from other EU leaders who have said Sunday's referendum is about whether Greece stayed in the euro zone. More »

  • Exclusive - Europeans tried to block IMF debt report on Greece: sources 16 hours ago

    By Paul Taylor BRUSSELS (Reuters) - Euro zone countries tried in vain to stop the IMF publishing a gloomy analysis of Greece's debt burden which the leftist government says vindicates its call to voters to reject bailout terms, sources familiar with the situation said on Friday. The document released in Washington on Thursday said Greece's public finances will not be sustainable without substantial debt relief, possibly including write-offs by European partners of loans guaranteed by taxpayers. Greek Prime Minister Alexis Tsipras cited the report in a televised appeal to voters on Friday to say 'No' to the proposed austerity terms, which have anyway expired since talks broke down and Athens defaulted on an IMF loan this week. More »

  • Ten-year gilt yields dip below two percent before Greek referendum 17 hours ago

    By David Milliken LONDON (Reuters) - Ten-year British government bond prices rose to a two-week high on Friday as investors piled into safer assets before a referendum which threatens to put Greece on a collision path with its creditors. Prime Minister Alexis Tsipras said on Friday that the vote would not determine whether Greece stayed in the euro zone, but other European Union politicians said a vote against austerity would leave few options. Yields on 10-year gilts sank below 2 percent for the first time since June 19, and at 1555 GMT were 8 basis points down on the day as they tracked German Bunds . More »

  • Greek crisis hitting outlook for IPOs - Euronext Paris chief 17 hours ago

    By Alexandre Boksenbaum-Granier and Leigh Thomas Aix-en-Provence, France (Reuters) - Greece's debt crisis risks is clouding the outlook for stock market listings after a flurry of flotations in the first half of the year, the head of Paris' stock market Anthony Attia said in an interview on Friday. "In terms of IPOs, we had a very good first half, but we are cautious about the second half due to consequences of the Greek crisis," Euronext Paris Chief Executive Anthony Attia told Reuters on the sidelines of an economic conference in Aix-en-Provence southern France. Euronext, the Paris bourse's parent company and the largest exchange in continental Europe for trading, competes with the London Stock Exchange and Deutsche Boerse for company listings. More »

  • Greek PM urges Greece to vote 'No' as support slips away
    Greek PM urges Greece to vote 'No' as support slips away 17 hours ago

    A man plasters a poster that reads, "We vote NO to the agreement", in Athens More »

  • Greek Referendum: Rival Rallies Due In Athens
    Greek Referendum: Rival Rallies Due In Athens 17 hours ago

    Thousands of Greeks are set to attend rallies in Athens this evening, as the rival "yes" and "no" campaigns plead their cases ahead of Sunday's bailout referendum. The public meetings will be staged just 800 metres apart in central Athens, raising fears of potential trouble. More »

  • European stock markets slip awaiting Greek vote
    European stock markets slip awaiting Greek vote 17 hours ago

    Frankfurt's DAX 30 declined 0.37 percent to 11,058.39 points More »

  • TV poll puts 'Yes' vote marginally ahead before Greek referendum 17 hours ago

    ATHENS, (Reuters) - A new opinion poll in Greece put voters in favour of a proposed aid deal marginally ahead on 44.1 percent to 43.7 percent against before a Sunday referendum that may decide the country's future in the euro zone. The GPO poll broadcast by Mega TV had some 5.9 percent of respondents undecided. (Reporting By Michele Kambas; Editing by Matt Robinson) More »

  • Greek referendum poll shows 'Yes' 41.7 percent, 'No' 41.1 p … 18 hours ago

    Greek voters in favour of creditors' proposals were marginally ahead by 0.6 points to those poised to reject them in Sunday's referendum, an opinion poll published on the website of Proto Thema said on Friday. The survey by Alco pollsters on behalf of the newspaper said 41.7 percent of respondents would vote 'Yes' on Sunday, 41.1 percent would vote 'No' and 10.7 percent were undecided, Proto Thema said. More »

  • FTSE marks biggest weekly drop in a month
    FTSE marks biggest weekly drop in a month 18 hours ago

    By Atul Prakash LONDON (Reuters) - Britain's blue-chip share index marked its biggest weekly drop in a month on Friday, with miners slipping on a slowdown in China and banks falling after Brazil said it was investigating some global lenders' currency market activity. The FTSE 100 closed 0.7 percent lower at 6,585.78 points and hardly moved on data showing Britain's services sector grew more than expected last month. The banking index fell 1.2 percent on news that Barclays, HSBC, Royal Bank of Scotland and Standard Chartered were among those under investigation on suspicion of rigging the Brazilian real. More »

  • Greek referendum: What a 'Yes' or 'No' vote would mean for  …
    Greek referendum: What a 'Yes' or 'No' vote would mean for  … 19 hours ago

    On Sunday 5 July Greeks will head to the polls to vote in an emergency referendum on Greece's bailout conditions – a vote that could change Europe forever, but how has this come about, and what will the result be? In our video guide, IBTimes UK explains what impact a 'Yes' or 'No' vote would have on Greece and Europe. Last week negotiations between Greece's government and the European Commission, the International Monetary Fund and the European Central Bank broke down after they could not come to an agreement over further cutbacks. More »

  • Greek PM defends vote, demands 30% debt haircut
    Greek PM defends vote, demands 30% debt haircut 19 hours ago

    Greek Prime Minister's address Alexis Tsipras has called for "a 30 percent haircut off the Greek debt" in a televised address More »

  • Some would exploit Greek 'no' to take apart Europe - Moscovici 20 hours ago

    A 'no' vote in Sunday's Greek referendum on debt bailout talks would send a negative signal and be exploited by people who want to dismantle Europe, the EU commissioner in charge of economic affairs, Pierre Moscovici, said on Friday. Two days ahead of the vote, Moscovici campaigned for a 'yes' of the Greeks to the international creditors' rescue programme. In a long post in his personal blog, Moscovici underlined that a 'no' vote "would send a negative message to the rest of Europe" that "some would too easily exploit to take apart our common house", he wrote in French. More »

  • Greek PM seeks 30% debt haircut, grace period for 20 years
    Greek PM seeks 30% debt haircut, grace period for 20 years 20 hours ago

    Greek Prime Minister's address Alexis Tsipras has called for "a 30 percent haircut off the Greek debt" in a televised address More »

  • The Latest: Greek PM: IMF report backs Greece's debt stance
    The Latest: Greek PM: IMF report backs Greece's debt stance 20 hours ago

    The latest news on Greece's financial woes and upcoming referendum (all times local): ___ 4:20 p.m. Greek Prime Minister Alexis Tsipras, in a televised address to the nation, has called on voters to reject ... More »

  • Greek PM Tsipras says IMF debt report justifies rejection of deal 20 hours ago

    Greek Prime Minister Alexis Tsipras on Friday said an IMF analysis showing Greece's debt is unsustainable justifies his government's decision to reject an aid package from creditors that offered no debt relief. In a televised address to the nation on the final day of campaigning ahead of Sunday's referendum, Tsipras renewed his appeal to Greeks to vote against the bailout package and say 'no' to blackmail and ultimatums. "Yesterday an event of major political importance happened," Tsipras said. More »

  • Greek PM Tsipras says Sunday's referendum is not a vote on whether to remain … 21 hours ago

    ATHENS, Greece (AP) — Greek PM Tsipras says Sunday's referendum is not a vote on whether to remain in the euro. More »

  • Germany's Schaeuble expects any Greek debt talks to be 'very diffic … 21 hours ago

    BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble said in a newspaper interview that he expected any talks with Greece on an aid-for-reforms deal to be "very difficult" after Sunday's Greek referendum. "Greece needs reforms. But I already know now: These would be very difficult negotiations," Schaeuble told German daily Bild in an interview, according to excerpts published on Friday. Schaeuble added that the situation in Greece had "worsened significantly" in the last weeks. (Reporting by Michael Nienaber and Noah Barkin) More »

  • Greek PM Tsipras says IMF report fully justifies Greece's position on debt … 21 hours ago

    Greek PM Tsipras says IMF report fully justifies Greece's position on debt relief. More »

  • Correction: Greece-Bailout story 21 hours ago

    In a story July 2 about the Greek referendum, The Associated Press reported erroneously that the International Monetary Fund had said Greece would need debt relief worth 50 billion euros. The IMF said ... More »

  • European bonds and stocks on the defensive before tight Greek vote
    European bonds and stocks on the defensive before tight Greek vote 22 hours ago

    Yields on top-rated German 10-year Bunds, the benchmark for European borrowing costs, fell as some investors chose to preserve their capital in low-yielding but relatively safe assets. The moves were marginal, though, as investors did not want to position too heavily on either side. "The European market is frozen ahead of the Greek referendum," said Markus Allenspach, head fixed income research at Julius Baer. More »

  • Berlin says can only have further talks with Greece after referendum 23 hours ago

    BERLIN (Reuters) - Germany is willing to talk with Greece about a possible third aid programme but it makes little sense to start negotiations with Athens on this before the Greek referendum planned for Sunday, a government spokesman said on Friday. "The chancellor has said clearly that the door for negotiations remains open," Steffen Seibert said, adding that Berlin first wanted to wait for the results of the referendum. (Reporting by Michelle Martin and Michael Nienaber) More »

  • Asia markets on back foot before Greece vote
    Asia markets on back foot before Greece vote 23 hours ago

    Shanghai tumbled 7.13% at one point on July 3, 2015, with the mainland market pummelled by profit-taking and margin traders calling in their bets More »

  • Across Bulgaria border, fear and gloating over Greek crisis 23 hours ago

    By Matthias Williams and Tsvetelia Tsolova SANDANSKI, Bulgaria (Reuters) - Greece's debt crisis is lapping over the border into this southwestern corner of Bulgaria, where the owner of the Felipe Z textile factory worries she may not be able to pay her 60 workers next week. Factory owner Snejana Zachariou explains buyers of her goods are exclusively Greek. "I do not know whether I can manage, whether there will be money, because this business is no longer very profitable to allow us to build up cash reserves," said Zachariou, whose husband is a Greek boat captain. More »

  • Berlin's firm stance on Greece exposes divergence with Paris
    Berlin's firm stance on Greece exposes divergence with Paris 23 hours ago

    German Chancellor Angela Merkel (left) and French President Francois Hollande attend the Petersberg Climate Dialogue conference in Berlin on May 19, 2015 More »

  • Greek Crisis Leaves Honeymooners Without Cash
    Greek Crisis Leaves Honeymooners Without Cash Fri, Jul 3, 2015

    A Greek couple on honeymoon in New York have been left without any money after their government shut down its country's banking system. Newlyweds Valasia Limnioti and Konstantinos Patronis had planned a "dream trip" to America that would take them coast-to-coast to Los Angeles. Last Sunday, the UK Foreign Office warned that credit card processing and withdrawals from ATMs involving the Greek banking system could be limited after the Greek Prime Minister Alexis Tsipras  ordered the banks to close . More »