Greece bailout

Standard and Poors has downgraded Greece's credit rating to CCC- from CCC. The agency puts Greece into junk territory in sovereign credit ratings. Here's the rationale of the rating as it was released by S&P: Overview We interpret Greece's decision to hold a...

European Council President Donald Tusk rejected Greek Prime Minister Alexis Tsipras request to extend the bailout loan period to Greece for about a week, until the debt-ridden country holds a referendum about its future. Tusk told Tsipras on Monday hat...

  By Thanasis Delistathis* / @tdelistathis Friends often ask me to opine on the Greek debt crisis. They are looking for some insight into what is going on and why the country is at the brink of bankruptcy. I suppose they...

Greece paid the 448 million euro tranche to the International Monetary Fund (IMF), senior Finance ministry sources on Thursday said in reply to an ANA-MPA query. International Monetary Fund Managing Director Christine Lagarde confirmed on Thursday that the payment was...

Greece and Germany have not concluded to any new bilateral agreement on further support to Greece after the recent meeting of the Greek Finance Minister, Gikas Hardouvelis, with his German counterpart Wolfgang Schaeuble on Wednesday, clarified the Ministry of...

Talk about a mea culpa. The International Monetary Fund is set to admit that it has made a number of big mistakes over the last three years in its handling of the bailout of Greece, which has been the...

According to Bloomberg, two German lawmakers told reporters on Thursday that German Chancellor Angela Merkel is considering softening Greek bailout conditions. CDU's Klaus-Peter Willsch said in an interview that there is a strong opposition among members of Merkel's coalition government...

Greece's new coalition government is developing proposed revisions to tough austerity measures that were imposed under an international bailout agreement. The cash-strapped government issued a statement Saturday that says it would try to repeal some taxes, freeze public sector layoffs...

Bundesbank President Jens Weidmann said a haircut for Greece would not resolve the country's debt problems and could in fact be "dangerous" if it led to a relaxation in debt-cutting efforts. "A haircut is not an cure-all," Weidmann told Sunday's...