Senior Correspondent, Greece
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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.

Apr 17, 2015

Exclusive – Greek PM Tsipras confident of EU deal despite friction over reforms

ATHENS (Reuters) – Greek Prime Minister Alexis Tsipras told Reuters on Thursday he was “firmly optimistic” his government would reach an agreement with its creditors by the end of April despite friction over issues such as pension and labour reform.

In a statement, Tsipras said several points of agreement had been found since talks first started, especially on areas such as tax collection, corruption and distributing the tax burden towards those who most able to pay.

Apr 16, 2015

Exclusive: Greek PM Tsipras confident of EU deal despite friction over major reforms

ATHENS (Reuters) – Greek Prime Minister Alexis Tsipras told Reuters on Thursday he was “firmly optimistic” his government would reach an agreement with foreign creditors by the end of April despite friction over issues such as pension and labor reform.

In a statement, Tsipras said several points of agreement had been found since talks first started, especially on areas such as tax collection, corruption and initiatives to distribute the tax burden on those who have the ability to pay.

Apr 16, 2015

Greek PM Tsipras confident of EU deal despite friction over major reforms

ATHENS, April 16 (Reuters) – Greek Prime Minister Alexis
Tsipras told Reuters on Thursday he was “firmly optimistic” his
government would reach an agreement with foreign creditors by
the end of April despite friction over issues such as pension
and labour reform.

In a statement, Tsipras said several points of agreement had
been found since talks first started, especially on areas such
as tax collection, corruption and initiatives to distribute the
tax burden on those who have the ability to pay.

Apr 15, 2015

Germans downbeat on chances of Greek deal next week

NEW YORK/ATHENS, April 15 (Reuters) – Germany’s finance
minister said on Wednesday there was no prospect of the euro
zone reaching a deal with Athens next week on economic reforms
that would unlock bailout funds, potentially leaving Greece
perilously short of money.

Both the Greek government and its creditors have expressed
the need for an agreement, at least in outline, to be reached
when euro zone finance ministers meet in the Latvian capital
Riga on April 24.

Apr 15, 2015

Euro zone downbeat on chances of Greek deal next week

BERLIN/ATHENS (Reuters) – The euro zone is doubtful that a deal will be struck with Greece next week on economic reforms for bailout funds, potentially leaving the country perilously short of money.

Both the Greek government and its creditors have expressed the need for an agreement, at least in outline, to be reached when euro zone finance ministers meet in the Latvian capital Riga on April 24. But Athens has yet to produce a program of reforms that is deemed acceptable.

Apr 6, 2015

Analysis – Divisions, public pressure push Greek PM into tightrope act

ATHENS (Reuters) – First it was for sale, then the deal was scrapped, then the sell-off was back on and now it is to be a joint venture, or maybe not.

Few issues sum up the confusion of leftist Greek Prime Minister Alexis Tsipras’s first two months in office better than the bewildering saga of the country’s biggest port, Piraeus, a bastion of militant trade unionists.

Apr 6, 2015

Divisions, public pressure push Greek PM into tightrope act

ATHENS (Reuters) – First it was for sale, then the deal was scrapped, then the sell-off was back on and now it is to be a joint venture, or maybe not.

Few issues sum up the confusion of leftist Greek Prime Minister Alexis Tsipras’s first two months in office better than the bewildering saga of the country’s biggest port, Piraeus, a bastion of militant trade unionists.