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Aug 12, 2015

Greece and lenders agree bailout, shares rally

ATHENS (Reuters) – Greece and its international lenders reached an 85 billion euro bailout agreement on Tuesday after nailing down the terms of new loans needed to save the country from financial ruin.

The deal, which came after 23 hours of talks that continued through the night, must still be adopted by Greece’s parliament and by euro zone countries.

Aug 11, 2015

Greece and lenders agree bailout after all-night talks

ATHENS (Reuters) – Greece and its international lenders reached an 85 billion euro bailout agreement on Tuesday after nailing down the terms of new loans needed to save the country from financial ruin.

The deal, which came after 23 hours of talks that continued through the night, must still be adopted by Greece’s parliament and by euro zone countries.

Aug 11, 2015

Greece, lenders clinch bailout deal after marathon talks

ATHENS, Aug 11 (Reuters) – Greece and its international
lenders clinched a multi-billion-euro bailout agreement on
Tuesday after marathon talks through the night, officials said,
raising hopes aid can be disbursed in time for a major debt
repayment falling due in days.

After an 23-hour session that began Monday afternoon,
exhausted Greek officials emerged in a central Athens hotel to
announce the two sides had agreed details of the deal though a
couple of minor issues remained to be ironed out.

Aug 10, 2015

Greece and lenders in final push to seal new bailout

ATHENS (Reuters) – Greece and international creditors sought to put final touches to a multi-billion euro bailout accord on Monday to keep the country financially afloat and meet an important debt repayment to the European Central Bank within days.

Germany set out “strict” conditions for further aid and said it would be sensible to link the size of the first tranche to Greece’s progress in carrying out reforms, a reflection of worry around the euro zone that Athens might not do as promised.

Aug 7, 2015

Greece says cannot handle migrants; UNHCR calls crisis ‘shameful’

LESBOS, Greece/GENEVA (Reuters) – Greek Prime Minister Alexis Tsipras asked Europe to help in handling tens of thousands of refugees coming in from Syria, Afghanistan and other war zones, saying on Friday his cash-strapped country could not deal with them alone.

The influx has piled pressure on Greece’s services at a time when its own citizens are struggling with harsh cuts and its government is negotiating with the EU and the IMF for fresh loans to stave off economic collapse.

Aug 6, 2015

Refugees cheer, pray, embrace strangers as they reach Greece

LESBOS, Greece, Aug 6 (Reuters) – The man in a red and white
checked shirt gingerly waded through the water holding an
infant. Seconds after shrugging off a life jacket, Syrian
refugee Mustafa Mohammad embraced the first person he met in
Greece.

A two-hour sea journey from the western shores of Turkey,
this bamboo-fringed coastline on the northern Greek island of
Lesbos has become the main gateway into the European Union for
refugees fleeing conflict in Syria and the wider Middle East.

Aug 5, 2015

Greece’s Tsipras says loan deal with lenders close

ATHENS (Reuters) – Prime Minister Alexis Tsipras said on Wednesday that Greece was close to concluding a deal with lenders on a multi-billion-euro bailout, which he said would end doubts over its place in the euro zone.

The comments were the latest in a series of unusually upbeat assessments by Greek and European officials of progress in talks towards up to 86 billion euros ($93.6 billion) in fresh loans to stave off the country’s financial ruin and economic collapse.

Jul 14, 2015

Greek PM: bailout deal must be implemented, even if ‘one-way street’

ATHENS (Reuters) – Greek Prime Minister Alexis Tsipras defended the bailout deal struck at Sunday’s euro zone summit and ruled out resigning, saying that the “bad deal” was the best available under the circumstances.

“I am fully assuming my responsibilities, for mistakes and for oversights, and for the responsibility of signing a text that I do not believe in, but that I am obliged to implement,” Tsipras told Greek public television on Tuesday.

Jul 12, 2015

Angry at demands, Greeks rail at German “humiliation”

ATHENS, July 12 (Reuters) – Greeks accused Germany of trying
to humiliate them by making tougher demands for a new bailout
deal, as the country’s fate in the euro zone hung in the balance
ahead of a meeting of European ministers in Brussels on Sunday.

Elected on a promise to rid Greece of austerity, Prime
Minister Alexis Tsipras was forced this week to make last minute
concessions to the international creditors for painful
austerity measures in the hopes of securing a cash-for-reforms
deal.

Jul 10, 2015

Greek PM Tsipras seeks party backing after abrupt concessions

ATHENS (Reuters) – Greek Prime Minister Alexis Tsipras appealed to his party’s lawmakers on Friday to back a tough reforms package after abruptly offering last-minute concessions to try to save the country from financial meltdown.

After walking into a party meeting to applause, Tsipras rallied his Syriza lawmakers to throw their weight behind the new proposals ahead of a snap vote in parliament on the negotiations, urging them to help keep Greece in the euro.