ATHENS (Reuters) - Officials from Greece's 'troika' of international lenders have postponed a planned visit to Athens on Monday given that the country's new prime minister and incoming finance minister are in hospital, an EU official told Reuters on Sunday.
ATHENS (Reuters) - Officials from Greece's 'troika' of international lenders have postponed a planned visit to Athens on Monday given that the country's new prime minister and incoming finance minister are in hospital, an EU official told Reuters on Sunday. The officials from the European Union, European Central Bank and International Monetary Fund had been expected to meet Prime Minister Antonis Samaras and incoming Finance Minister Vassilis Rapanos after last week's formation of a new coalition government. ...
BRUSSELS/ATHENS — 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 eurozone officials said on Tuesday.
The lenders are unhappy with progress Greece has made towards reforming its public sector, a senior eurozone official involved in the negotiations said, while another said they might suspend an inspection visit they resumed on Monday.
ATHENS — The European Central Bank was checking up on how well Greece is meeting its international bailout obligations on Wednesday, a day after Germany’s finance minister said a third aid programme would be needed to keep Athens afloat.
Joerg Asmussen, a member of the ECB’s executive board, was to meet Greece’ prime minister, finance minister and central bank governor, and to have talks with Greek business leaders.
Officials from Greece's 'troika' of international lenders have postponed a planned visit to Athens on Monday given that the country's new prime minister and incoming finance minister are in hospital, an ...
ATHENS/BRUSSELS — A new Greek offer for a cash-for-reforms deal raised hopes of an agreement as euro zone leaders prepared for an emergency summit on Monday, with EU officials welcoming the proposals as a “good basis for progress” to avert a default by Athens.
European shares surged and the Greek stock market jumped nearly 7 per cent on hopes that the government could finally end months of wrangling that have left the country on the verge of bankruptcy and possibly being pushed out of the euro bloc.
Yesterday it was the Egyptian military giving president Morsi a two day ultimatum before things "deteriorate", now it is the Eurozone giving Greece a three day ultimatum to "deliver on the conditions attached to its international bailout in order to receive the next tranche of aid" or else.
Update: It appears expectations of an imminent deal may be premature, because this just hit the tape:
GREEK OFFICIAL SAYS NO BAILOUT DEAL EXPECTED IN MEETING TODAY.
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In a welcome sign the latest conflict between the troubled Greece's lenders may be thawing, Reuters reports that Euro zone creditors and the International Monetary Fund have agreed between themselves to present a common stance to Greece later on Friday in talks on reforms and the fiscal path Athens must take, euro zone officials said.
By Harry Papachristou and Lefteris PapadimasATHENS (Reuters) - Greece resumes bailout talks with its international lenders on Monday, hoping to end six months of wrangling over the release of new rescue loans it needs to avoid default.
Things are going so well in Greece (just one step away from a deal for weeks on end), that Greek officials attack EU and IMF as debt talks stall
Greek officials launched a vociferous behind the scenes attack on European Union and International Monetary Fund negotiators as talks in Athens over the country's mounting debts appeared to stall.
With Greece teetering on the edge of insolvency and forced to raid pension and most other public funds, ahead of another month of heavy IMF repayments which has prompted even the ECB to speculate Greece should introduce a parallel "IOU" currency, a white knight has appeared out of nowhere for Greece, one who may offer $5 billion in urgently needed cash. The white knight is none other than Vladimir Putin.