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Greek Reconstruction Minister: No Deal, We'll Seek Alliances Elsewhere

Greek Minister of Productive Reconstruction, Environment and Energy Panagiotis Lafazanis gave a controversial interview in which he claims that an "honorable deal" is impossible and it is better for Greece to leave the European Union and seek alliances elsewhere. Lafazanis,...

Athens Denies that Varoufakis was Sidelined After Eurogroup Chief's Suggestion

The Greek government denies allegations that Greek Finance Minister Yanis Varoufakis was sidelined from Greece's negotiation team after the suggestion of Eurogroup President Jeroen Dijsellbloem. Speaking to RTL Nieuws on Dutch television, Dijsellbloem spoke extensively about the Greek issue among other things...

Greek Gov't Rushes to Table Measures in Order to Reach Deal

The Greek government is rushing to table new measures and reforms on Thursday to get cabinet approval in an effort to reach a deal with creditors as soon as possible. The financial team is working feverishly so that the omnibus...

Tsipras Said a lot But Was Diplomatic On Critical Issues

We didn't learn a lot from Alexis Tsipras in his highly anticipated television appearance where he answered questions from the host and audience. We learned, though, that he expects a deal with creditors by May 9. The Greek Prime Minister...

Tsipras Backs Varoufakis, Despite Dissatisfaction of EU Finance Ministers

Greek Prime Minister Alexis Tsipras is backing Finance Minister Yanis Varoufakis despite the fact that he has been targeted by his European Union peers who have reached the point of asking for his replacement. Sources from the Maximos Mansion say...

Eurogroup 'Unfriendly' to Greece, Varoufakis Hammered by Peers

Friday's meeting of euro zone finance ministers bore no fruit for Greece and Finance Minister Yanis Varoufakis was hammered by his peers. Athens was hoping that the meeting in Riga would help release much-needed partial funding. Especially after Thursday's statements...

Hollande-Juncker: Greece Must Cooperate and Table Reforms

French President Francois Hollande and European Commission President Jean-Claude Juncker said that Greece must present a complete list of reforms before any bailout funds will be released. Athens is pushing for an intermediate deal before April 30, a "bridge program"...

Greek Official: No Agreement With Creditors, Political Solution Only Way

There is no way we can reach an agreement with creditors before June and a political solution is the only way, said General Secretary of Fiscal Policy Nikos Theocharakis. Theocharakis, who is the head of the Greek negotiating team, described...

No Agreement With Greece Until June, Brussels Predicts

Greece will not come to an agreement with creditors before June 30 when the bailout extension expires, European Union officials in Brussels predict. Negotiations had stalled and recommenced on Saturday in Paris, but they ended without any progress. European partners...

EC President: Agreement Unlikely, But No Grexit Either

"We are prepared for all kinds of events but I am excluding at 100 percent this Grexit, or Greek exit,"  said European Commission President Jean-Claude Juncker. The EC President spoke to The Politico newspaper about negotiations between Greece and international...