Avyank Amar

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Greece Suffers Biggest Bank Run In History: January Deposits Plunge To 2005 Levels

One of the biggest question marks surrounding the Greek negotiation and ultimately, bailout extension, was just how panicked was the Greek population …

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Special report<p>The causesA very short history of the crisis<p>IN GERMAN EYES this crisis is all about profligacy. Greece set the tone when it lied about …

Economics

Government bonds

European government-bond yields in the periphery fell this week, as Greece reached a deal with its international creditors over extending its …

Angela Merkel

Is Greek honeymoon over for Tsipras after EU bailout deal?

<b>The cold January wind swept through Omonia Square in Athens for Alexis Tsipras's penultimate pre-election rally, eased only by the sense of excitement in the crowd.</b><p>Half of Greek debt would be written off, he told supporters, promising to "finish with the orders from abroad".<p>To rapturous applause, …

Greece Bailout Extension Approved by Germany

Germany's parliament overwhelmingly approved a four-month extension of Greece's bailout on Friday, despite unease over the new government in Athens.<p>Lawmakers voted 542-32 to back the bailout extension. There were 13 abstentions.<p>Earlier this week, Greece was granted the extension by its European …

A Greek deal cannot fix the flaws in the euro | Financial Times

Watching the Greek crisis unfold, I found myself torn between two equal and opposite thoughts. First, the euro cannot survive. Second, everything …

Europe

Greek PM accuses Spain, Portugal of anti-Athens 'axis'

ATHENS (Reuters) - Greece’s leftist Prime Minister Alexis Tsipras accused Spain and Portugal on Saturday of leading a conservative conspiracy to topple his anti-austerity government, saying they feared their own radical forces before elections this year.<p>Greek Prime Minister Alexis Tsipras delivers …

What would happen if Greece quits the euro?

http://vod-pro-ww-live.akamaized.net/mps_h264_hi/public/news/world/1160000/1160523_h264_1500k.mp4?__gda__=1532207443_bce4af08d625fee3973adc1668de0f0e<p><b>Neither the Greek government nor its eurozone partners want to see Greece leaving the eurozone - or a "Grexit" as it has become known. But if they</b> …

Europe

Greece seeks negotiations on ECB bond repayment

ATHENS (Reuters) - Greece called into question on Saturday a major debt repayment it must make to the European Central Bank this summer, after acknowledging it faces problems in meeting its obligations to international creditors.<p>A Greek national flag waves under rainfall during a rally of the Greek …

Europe

Greece debt: PM Alexis Tsipras rules out third bailout

<b>Greece will not need a third international debt bailout when its current programme ends in four months, the country's prime minister has said.</b><p>Alexis Tsipras vowed his government would "start working hard" to change the country, which is saddled with a debt 175% of its GDP.<p>Greece has already …

Greece struggles to address its tax evasion problem

The new government of Greece, led by Alexis Tsipras, has promised to tackle tax evasion. It hopes this strategy will yield €3bn ($3.4bn) in the coming months in order to cover part of the cost of its €12bn Thessaloniki anti-austerity programme. This would entail various measures – a gradual …

Europe

It's been hard, but we've turned the Greek economy around

Greece is implementing one of the most challenging economic adjustment programmes of modern history. The substantial financial support that Greece receives from its European partners and the IMF is combined with the necessary fiscal and structural reforms that the country is implementing in order …

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What can I do?<p>If you’re a site visitor<p>Please use your browser's back button and check that you’re in the right place. if you need immediate …

Greece must repay loans in full, bailout fund head says

BERLIN (Reuters) - Greece needs to pay back all the money it received from its euro zone partners rather than asking for debt relief, the head of the euro zone’s rescue fund was quoted as saying on Friday.<p>Greek national flags are displayed for sale at the entrance of a one Euro shop in Athens, …

Europe

Associated Press News

Tsipras denies Greece will seek yet another bailout

ATHENS (Reuters) - Prime Minister Alexis Tsipras denied on Friday that Greece would need yet another international bailout, and a poll showed surging support for his government even though it had to back down to win a temporary lifeline from the euro zone.<p>Tsipras dismissed German suggestions that …

Europe

Greece runs out of funding options despite euro zone reprieve

BRUSSELS/ATHENS (Reuters) - Greece is running out of options to fund itself despite a four-month bailout extension, raising pressure on Athens to quickly implement reforms it has vocally opposed or default on debt repayments in a matter of weeks.<p>Euro zone and IMF creditors gave Greece until the end …

Europe

Greece seeks negotiations on ECB bond repayment

Finance Minister Yanis Varoufakis said Athens should negotiate with the ECB on 6.7 billion euros ($7.5 billion) in Greek government bonds held by the Frankfurt-based bank that mature in July and August.<p>Varoufakis did not say what he hoped to achieve in any talks, but he accused the ECB of making a …

Humiliated Greece eyes Byzantine pivot as crisis deepens

Neither side holds the upper hand in the strategic game of chicken which could still see Greece forced out of the euro<p>Greece's new currency designs are ready. The green 50 drachma note features Cornelius Castoriadis, the Marxisant philosopher and sworn enemy of privatisation.<p>The Nobel poet Odysseus …

Greece’s Challenge: Appeasing Its Creditors and Its Population

Only more Greek drama will avoid the drachma<p>Greece and the rest of the eurozone spent February fighting about the procedure for keeping the country afloat. They will spend the spring haggling over a tougher issue: Which economic policies can appease both Greece’s creditors and its population?<p>This …

Europe

15 charts that explain the Greek crisis

Greek output per head fell by a quarter in the six years following the global financial crisis. It kept falling well after other European countries …

Europe

Greek debt crisis: German MPs back bailout extension

http://vod-pro-ww-live.akamaized.net/mps_h264_hi/public/news/world/1148000/1148600_h264_1500k.mp4?__gda__=1532207442_e24efd230f6742edd44a1ae4f384747b<p><b>The German parliament has voted to extend financial aid to Greece by another four months.</b><p>The extension - approved by creditors last week in exchange …

Europe