Macedonia said on Friday it would allow a limited number of “vulnerable” migrants to enter the country after sealing its border with Greece to them, leaving thousands of refugees stuck in no-man’s land. “A limited number of illegal migrants in vulnerable categories are allowed to enter Macedonia and they may[…]
Rebels opposed to Greece’s international bailout walked out of the leftist Syriza party on Friday, formalising a split after its leader Alexis Tsipras resigned as prime minister and paved the way for early elections. Greece’s president gave the conservative opposition a chance to form a new government following Tsipras’s resignation[…]
The Greek parliament passed sweeping austerity measures demanded by lenders to open talks on a new multibillion-euro bailout package to keep Greece in the euro, but dozens of hardliners in the ruling Syriza party deserted Prime Minister Alexis Tsipras. The package was approved with 229 votes in the 300-seat chamber.[…]
The International Monetary Fund can only participate in Greece’s bailout if its European creditors produce a clear debt sustainability, a senior official has said. The threat came on Tuesday, a day before Greece’s parliament were due to start debating on a new package of austerity measures and economic reforms to[…]
Greece’s leftwing Prime Minister Alexis Tsipras faces a showdown with rebels in his own party on Tuesday furious at his capitulation to German demands for one of the most sweeping austerity packages ever demanded of a euro zone government. Just hours after a deal that saw Greece surrender much of[…]
Eurozone leaders have unanimously agreed on a bailout deal for Greece, says the European Union president. Donald Tusk announced on Monday that the agreement would pave the way for Greece to remain a member of the euro by conducting “serious reforms and obtaining “financial support”. The deal – if ratified[…]
Euro zone leaders argued late into the night with near-bankrupt Greece at an emergency summit, demanding that Athens enact key reforms this week to restore trust before they will open talks on a financial rescue to keep it in the European currency area. Leftist Prime Minister Alexis Tsipras was told[…]
The Greek government sent a package of reform proposals to its euro zone creditors on Thursday in a race to win new funds to avert bankruptcy and will seek a parliamentary vote on Friday to endorse immediate actions. In the latest proposals, Greece has asked for 53.5 billion euros ($59[…]
Greece formally requested a three-year bailout from the eurozone’s rescue fund Wednesday and pledged to start implementing some overhauls by the beginning of next week, according to a copy of the request seen by The Wall Street Journal. The letter is a first step toward fulfilling a demand by international[…]
Euro zone members have given Greece until the end of the week to come up with a proposal for sweeping reforms in return for loans that will keep the country from crashing out of Europe’s currency bloc and into economic ruin. “The stark reality is that we have only five[…]
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