Senior Correspondent, Greece
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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.

Apr 27, 2015

Greek government 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.

Apr 17, 2015

Exclusive: Greece scrapes bottom of barrel in hunt for cash to stay afloat

ATHENS (Reuters) – Greece will need to tap all the remaining cash reserves across its public sector — a total of 2 billion euros ($2.16 billion) — to pay civil service wages and pensions at the end of the month, according to finance ministry officials.

Barring a last-ditch deal with its creditors, that would leave no money to repay the International Monetary Fund almost 1 billion euros due in the first half of May. Athens’ scramble for basic funds shows how extreme the financial constraints on Greek Prime Minister Alexis Tsipras have become as he tries to convince skeptical foreign creditors to extend his country new financial aid.

Apr 17, 2015

Greece scrapes bottom of barrel in hunt for cash to stay afloat

ATHENS, April 17 (Reuters) – Greece will need to tap all the
remaining cash reserves across its public sector — a total of 2
billion euros — to pay civil service wages and pensions at the
end of the month, according to finance ministry officials.

Barring a last-ditch deal with its creditors, that would
leave no money to repay the International Monetary Fund almost 1
billion euros due in the first half of May.