Greece failed again to clinch a deal with its international creditors on Thursday, setting up a last-ditch effort on Saturday to avert a default next week or start preparing to protect the euro zone from financial market turmoil. Euro zone finance ministers ended their third meeting in a week without[…]
Germany’s parliament has approved a four-month extension of Greece’s financial bailout, despite unease over the new government in Athens. Greece was granted the extension by its European creditors on Friday in exchange for a commitment to budget reforms. “This is not about new billions for Greece, not about changing this[…]
Greece rushed Sunday to finalize a list of reform proposals that it must submit to its eurozone partners by the end of the following day, to unlock an extension of its bailout programme. These measures are a condition to extend by four months the European share of the cash-strapped country’s[…]
Greece has asked its European creditors to extend its bailout loan for six months while it negotiates a new deal. But Germany has rejected the request and tense last-minute negotiations will resume on Friday morning. Greece has dropped key demands for the bailout settlement, but still faces stiff opposition from[…]
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