Germans approve Greece bailout extension

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[…]

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Greece rushes to to finalize reform proposals

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[…]

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Calls for Greece to exit Euro

A leading German critic of Berlin’s handling of the eurozone financial crisis on Saturday called for Greece to leave the euro, arguing that the latest deal clinched by eurozone finance ministers will do little to solve the Mediterranean country’s economic woes. “Additional money is nothing but a pain reliever for[…]

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Eurozone to discuss vital Greece bailout proposal

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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Italian ferry blaze toll rises to 10

The number of people who have died in a blaze that left an Italian ferry stricken off Greece’s Adriatic coast has risen to 10, the Italian coastguard has said. Rescue teams evacuated more than 400 people from the car ferry in a 36-hour operation on Monday. Italian and Greek authorities[…]

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Evacuation of burning Italian ferry completed

All remaining passengers on board an Italian ferry that caught fire in the Adriatic Sea off the Greek island of Corfu have been rescued, Greek officials have said. The blaze left five people dead. Four bodies were recovered from the water around the stricken Norman Atlantic on Monday, a day[…]

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Evacuation under way for burning Italian ferry

A rescue operation is under way in high winds in Greek waters for an Italian ferry carrying 466 people that has caught fire, Greek officials said early Sunday. Vessels close to the stricken “Norman Atlantic”, located 33 nautical miles off the small Greek island of Othonoi, rushed to give assistance[…]

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