Greek bailout

"The 'No' vote in the referendum will restart the negotiation on Monday. Based on the unity of the Greek people and the rejection of ultimatums, the Greek government will negotiate with better terms," said government spokesman Gavriil Sakellaridis on...

Europe cannot offer further assistance to Greece until the result of a July 5 referendum, Eurogroup President Jeroen Dijsselbloem said in a letter to Greek Prime Minister Alexis Tsipras. He reiterated that the Eurogroup will make a decision "only after and on the basis...

Government officials revealed on Wednesday that if Greek citizens vote "Yes" in the July 5 referendum on the international creditors' proposed bailout deal, the Greek government will put its signature without any hesitation. The Greek officials argued that if the referendum's result...

Greek Prime Minister Alexis Tsipras sent a letter late on Tuesday night ready to accept the conditions of a bailout proposed by Greece's creditors, according to the Financial Times. The letter indicated that Greece will accept all its bailout creditors’ terms,...

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 Commission President Jean-Claude Juncker criticized the Greek government’s decision to end the bailout talks with the referendum announcement, while he defended the institutions’ reforms proposal. “I am in favor of a Europe that patiently seeks the common interest rather...

Greek Prime Minister Alexis Tsipras' surprise call for a referendum on the outcome of Greece's bailout talks with creditors led anxious Greeks to line up outside banks to withdraw cash from ATMs on Saturday. According to reports, the amount of...

Prime Minister of Greece Alexis Tsipras announced today a referendum on whether Greeks should accept the take-it-or-leave it proposal by the ECB, IMF and European Commission. In his speech he accused the European institutions “of issuing a blackmailing ultimatum”. To...

Prime Minister Alexis Tsipras announced during the early hours of Saturday that Greece will hold a referendum on Sunday July 5. According to the cabinet proposal, voters will be asked to respond to the following question: “Greek people are hereby asked...

It looked like that Greek Prime Minister Alexis Tsipras considered the snap elections scenario for Greece, as talks with the country's international creditors did not produce an agreement. However, after a cabinet meeting he decided to hold a referendum instead. Greek Media...