Senior Correspondent, Greece
Deepa's Feed
May 28, 2015

Analysis – Greek PM faces tough choices in shrinking window for aid deal

ATHENS (Reuters) – Greece’s government will likely scrape through a debt payment next week but has only a short window to overcome wide differences with creditors before the spectre of default returns.

The government is talking up chances of an aid-for-reform agreement before a roughly 300 million euro payment falls due on June 5 to the International Monetary Fund, which along with the euro zone funds Greece.

May 28, 2015

Greek PM faces tough choices in shrinking window for aid deal

ATHENS (Reuters) – Greece’s government will likely scrape through a debt payment next week but has only a short window to overcome wide differences with creditors before the specter of default returns.

The government is talking up chances of an aid-for-reform agreement before a roughly 300 million euro payment falls due on June 5 to the International Monetary Fund, which along with the euro zone funds Greece.

May 21, 2015

Greece’s Varoufakis courts controversy anew with taping remark

ATHENS (Reuters) – Greek Finance Minister Yanis Varoufakis has raised a fresh furor by telling a newspaper that he taped a confidential meeting of euro zone finance ministers, drawing criticism that he was undermining Greece’s efforts to secure aid from lenders.

Since assuming his post in January, the outspoken Varoufakis has often found himself in the midst of controversy over his brash style and sharp-tongued barbs against creditors at a time when Greece needs their help to avert bankruptcy.

Apr 30, 2015

Greece signals concessions in crunch talks with lenders

ATHENS (Reuters) – Greece’s leftist government offered its biggest concessions so far in a race to remove roadblocks in crunch talks with lenders on a cash-for-reforms package on Thursday.

Prime Minister Alexis Tsipras’s three-month-old government is under growing pressure at home and abroad to reach an agreement with European and IMF lenders to avert a national bankruptcy. A new poll showed over three-quarters of Greeks feel Athens must strike a deal at any cost to stay in the euro.

Apr 28, 2015

Tsipras presses for May debt deal, threatens referendum

ATHENS, April 28 (Reuters) – Greek Prime Minister Alexis
Tsipras said on Tuesday he was confident of an outline deal with
international creditors within two weeks, after shaking up his
negotiating team and sidelining his finance minister who has
infuriated euro zone partners.

Tsipras threatened to call a referendum if lenders insist on
demands deemed unacceptable by his leftist government, elected
to scrap austerity. But the head of euro zone finance ministers
said Greece needed loans urgently and did not have time for such
a vote, which would be a costly and destabilising distraction.

Apr 28, 2015

Tsipras presses for May debt deal, says referendum possible

ATHENS, April 28 (Reuters) – Greek Prime Minister Alexis
Tsipras said on Tuesday he was confident of an outline deal with
international creditors within two weeks, after shaking up his
negotiating team and sidelining his finance minister who has
infuriated euro zone partners.

Tsipras also said he would have to resort to a referendum if
lenders insisted on demands deemed unacceptable by his leftist
government, elected to scrap austerity.

Apr 28, 2015

Tsipras presses for early Greek debt deal but flags referendum

ATHENS (Reuters) – Greek Prime Minister Alexis Tsipras said on Tuesday he was confident of an early deal with international creditors, after shaking up his negotiating team and sidelining his outspoken finance minister who has infuriated euro zone partners.

But Tsipras also said he would have to resort to a referendum if lenders insisted on demands deemed unacceptable by his leftist government, elected to scrap austerity.

Apr 27, 2015

Greek PM leaves referendum option open, rules out elections

ATHENS (Reuters) – Greek Prime Minister Alexis Tsipras on Tuesday said he would have to resort to a popular referendum if lenders insist on demands that the government deems unacceptable but was confident of striking a deal to avoid such a scenario.

Athens is weeks away from running out of cash, but talks with EU and IMF lenders on more aid have been deadlocked over reform measures including pension cuts and labor market liberalization that Greece must implement. Speculation has grown that Tsipras could call elections or a referendum to break the impasse.

Apr 27, 2015

Greece moves to sideline Varoufakis after reform talks fiasco

ATHENS, April 27 (Reuters) – Greek Prime Minister Alexis
Tsipras on Monday reshuffled his team handling talks with
European and IMF lenders, a move widely seen as an effort to
relegate embattled Finance Minister Yanis Varoufakis to a less
active role in negotiations.

An anti-austerity economist who has angered peers with his
brash style, Varoufakis is facing calls to quit after returning
from a meeting of euro zone finance ministers in Riga isolated
and empty-handed while Athens scrambles to avoid bankruptcy.

Apr 27, 2015

Greek govt reshuffles EU/IMF negotiating team after Riga debacle

ATHENS (Reuters) – Greek Prime Minister Alexis Tsipras on Monday reshuffled his team handling talks with European and IMF lenders, after his finance minister was sharply criticized for his performance at a euro zone meeting last week.

Athens is dangerously close to bankruptcy and is scrambling to find a deal with increasingly furious lenders to unlock aid before it runs out of money or defaults on debt payments in May.