Euro zone

Greece's exit from the euro zone is unavoidable, unless Prime Minister Alexis Tsipras changes course, an Economist report says. The leftist SYRIZA party won January's elections in Greece based on promises of cutting state debt and putting an end to...

The majority of German citizens would like to see Greece remain in the euro zone, an attitude that has changed over the last three years. A new poll conducted for German public television ARD shows that 51 percent of respondents...

German Chancellor Angela Merkel reiterated her government's hard stance on Greece's options to renegotiate its bailout program. Germany's leader said that Athens must either fulfill all requirements of the current bailout program, or ask for an extension beyond its expiry...

"My goal is to ensure the country's European course, so I'm here. And of course the stalemate does not help," said New Democracy leader Antonis Samaras after the meeting of the European People's Party. Mr. Samaras was referring to Greece's...

Greece will need a third bailout and the new government acknowledges that, despite what Prime Minister Alexis Tsipras and Finance Minister Yanis Varoufakis say publicly. This is what Peter Spiegel claims in a Financial Times report. According to the report, euro...

The Greek government vetoed the joint statement of euro zone finance ministers after Wednesday's inconclusive talks on Greece's bailout in Brussels, according to a Financial Times report. According to officials involved in the talks, Greek Finance Minister Yanis Varoufakis had...

"If you're not willing to even consider a clash, you're not negotiating," Greek Finance Minister Yanis Varoufakis told the Greek parliament on Tuesday. The statement was made after the House gave the new government a vote of confidence and ahead...

Demonstration rallies will be held in all major cities across Greece in support of Finance Minister Yanis Varoufakis in today's crucial emergency meeting of euro zone finance ministers in Brussels. The rallies will take place at 6 p.m. today under...

British Finance Minister George Osborne late on Monday spoke of the increasing danger of a miscalculation leading to a "very bad outcome" between Greece and the euro zone, Bloomberg reports. Speaking in an interview with Bloomberg Television, the British official...

British Prime Minister David Cameron chaired a meeting with members of the finance ministry and the Bank of England on Monday to prepare for a possible Greek exit from the euro zone, according to Reuters. Citing a source from the...