Eurogroup

The Greek negotiating team is working feverishly to come to a staff level agreement with the lenders' representatives in order to present it to Wednesday's emergency meeting of Eurozone finance ministers. According to sources close to creditors, who prefer to...

The government is very close to an agreement with the creditors, Greek government spokesman Gavriil Sakellaridis on Tuesday said in statements to private SKAI TV. Referring to VAT on islands, he said that Greek Prime Minister Alexis Tsipras has...

Greek Prime Minister Alexis Tsipras spoke with reserved optimism after coming out of the emergency Eurozone summit on the Greek debt in Brussels a little after midnight on Monday. "We presented our proposal to the institutions, a proposal that includes...

The new Greek proposal is a good basis for further talks but no deal can be reached today at the emergency Eurozone summit, said Eurogroup President Jeroen Dijsselbloem. Greece's creditors said that they did not have time to evaluate the new...

The Greek government sent its new proposal to the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF) around 1:00 am on Monday. The European Commission chief of staff Martin Selmayr confirmed that the new, improved...

"The situation of Greece is getting critical. The current economy consistency program to Greece runs out in eleven days. Four months of negotiations have not led to the necessary compromise," European Council President Donald Tusk said, delivering a video message...

"The Greek government presented a broad, comprehensive and credible proposal on Thursday's Eurogroup that can constitute the foundation of the agreement ," Finance Minister Yanis Varoufakis said at the ECOFIN meeting. Varoufakis stressed that the Greek proposal "not only completes the existing...

“It is never pleasant to watch a relationship founder. Greece’s Prime Minister, Alexis Tsipras, has charged its creditors with trying to humiliate the country; he has accused the IMF of ‘criminal responsibility’ for Greece’s suffering. Prominent euro-zone politicians are...

An emergency Eurogroup session will be held on Monday before the Eurozone summit scheduled that day in order to discuss the critical Greek issue as the country heads for default on the International Monetary Fund on June 30. Eurozone ministers...

Greek banks are facing a full-blown crisis after Thursdays' Eurogroup broke down, leaving the specter of Greece's bankruptcy looming large. Almost 3 billion euros flew out of Greek banks this week, with bank managers expecting more outflow on Friday. A representative of the...