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Euro zone

EC Commission President: Euro Zone Will Not Accept Tsipras' Plan

European Commission President Jean-Claude Juncker on Monday advised Greece's new Prime Minister Alexis Tsipras not to promise too much to Greek people because the euro zone will not accept his proposals. In the aftermath of Tsipras' announcement of the new...

Greek PM Tsipras: We'll Find a Solution Within EU Law

Greece respects European Union rules and procedures and will find a solution to the debt problem within the framework of EU law, Greek Prime Minister Alexis Tsipras said on Wednesday after talks with top EU officials in Brussels. However, the...

Economist: SYRIZA Could Lead to Grexit or a Better Future for the Euro

The demand for a debt cut and end to austerity by the new Greek government is a big challenge for German Chancellor Angela Merkel who has set up the austerity path for Europe. The Grexit that could result from...

S&P: Policy Uncertainty in Greece will Downgrade Credit Rating

The Standard & Poor's rating agency has put Greece on credit watch, citing the possibility that the policies of the country's new government might trigger a future credit rating downgrade. "The CreditWatch placement reflects our view that some of the economic and budgetary...

Varoufakis: 'Accidental Economist' Becomes Greece's Finance Minister [video]

He has called himself an "accidental economist" and has likened Greece's position in the euro zone as a "Hotel California" lyric, he has taught economics in Greece, Britain, Australia and the U.S., his controversial blogposts won him thousands of...

French Fin Min: Monday's Eurogroup Decides Amount of Time Given to Greece

French Minister of Finance Michel Sapin said from Davos that the amount of time given to Greece until negotiation of the bailout program will be decided on Monday’s Eurogroup. During the meeting of the euro zone's finance ministers, the French...

IMF Chief: Exit from the Euro 'Devastating' for Greece

An exit by Greece from the euro zone would be "devastating," the head of the International Monetary Fund Christine Lagarde said on Tuesday. Speaking to Irish state broadcaster RTE, the IMF chief discussed the political situation in Greece ahead of...

Only 19% of Germans Want Greece in the Euro Zone

The vast majority of Germans believe that Greece has no place in the euro zone, according to a survey published in German newspaper Frankfurter Allgemeine Zeitung. According to the survey, 81 percent of German citizens responded "yes" to the...

Brussels to Greece: Forget Debt Haircut

A haircut on the Greek debt capital will not be discussed, said several EU executives, including Prime Minister of Finland Alexander Stubb, according to a report in real.gr. "There is no political will among euro zone member states for debt...

Merkel Wants Greece in Euro Zone

German Chancellor Angela Merkel has played down the chances of Greece exiting the euro zone, but made clear she expects Athens to honor the bailout terms after this month’s election. With leftist SYRIZA holding a steady lead in opinion polls...