BRUSSELS (Reuters) - Euro zone finance ministers met on Monday to work out the details of a deal hammered out by their leaders to bolster their bailout fund and ease the terms on aid to Greece amid a...
Reuters - Euro zone finance ministers met on Monday to work out the details of a deal hammered out by their leaders to bolster their bailout fund and ease the terms on aid to Greece amid a positive reaction from financial markets.
Talk of Compromise is in the air. Reports suggest that German Chancellor Angela Merkel and Greek Prime Minister Alexis Tsipras may both be willing to compromise. However, details are still sketchy. Bloomberg reports Greece, Germany Said to Offer Compromises on Aid Terms
ATHENS/FRANKFURT: Greece made a small interest payment to the International Monetary Fund on Wednesday but European lenders dashed hopes for a cash-for-reforms deal before a more crucial, bigger instalment Athens must pay next week. Leftist Prime Minister Alexis Tsipras' government sought to shift blame on Tuesday onto the euro zone and IMF for a lack of agreement in the three-month-old negotiations, charging that each was setting different "red lines" on multiple issues from pension and labour reforms to the primary budget surplus.
ATHENS: 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.
European Central Bank President Mario Draghi urged Greece to work quickly toward an agreement with its creditors to curb a deepening financial crisis and quash doubts over its membership of the euro.
When asked about the risks of contagion, Draghi said Europe was better equipped to deal with a crisis than it has been in the past, the Financial Times reported.
BRUSSELS/ATHENS (Reuters) - Greece has three days to reassure Europe and the International Monetary Fund it can deliver on conditions attached to its international bailout in order to receive the next tranche of aid, four euro zone officials said on Tuesday.
Brussels (AFP) - Greece and its international creditors will meet Saturday in Paris to discuss Athens' massive debt bailout programme and reforms it must adopt in exchange for urgently needed funds, sources said.
BRUSSELS (Reuters) - Finance ministers from the 16-country euro zone agreed on Monday to mobilize financial aid for Greece rapidly if needed but revealed little of how their standby plan for the debt-stricken nation would work.