Greek Crisis

The world's markets may believe that the worst of the financial crisis in Europe is over after three turbulent years, but those people who control the purse strings of the world's businesses are not breathing any easier. An annual survey...

Greece's foreign lenders have refused to make any further concessions on changes to labour laws contested by a junior coalition partner, the country's finance minister said on Sunday, prolonging an impasse on a crucial austerity package. Athens has been locked...

International auditors will demand that Greece carry out a further 150 reforms to its recession-battered economy, as it teeters on the edge of bankruptcy, German newsweekly Spiegel reported Sunday. Citing an interim version of the findings of the troika of...

German Finance Minister Wolfgang Schaeuble ruled out public investors accepting a debt restructuring, or "haircut", on their Greek debt holding but said a debt repurchasing program could be considered. "(A haircut) is a discussion that has little to do with...

It’s not yet sure that Greece will stay in the Euro. The statement was made by German Finance Minister Wolfgang Schaeuble (CDU) in an interview on the ZDF Public Service TV show "The battle for the Euro" that will...

Eurozone finance ministers will hold a conference call Wednesday on Greece, which is seeking the long-delayed payment of debt rescue funds to avoid bankruptcy next month, a spokesman said. A conference call on Wednesday has been confirmed, said a spokesman...

The center-left Dimar party, the smallest in the government's three-party coalition, announced it will vote against the labor reform agreed to with the Troika of creditors; the European Union, the European Central Bank and the IMF. The reforms are...

Bank of Canada Governor Mark Carney said additional debt relief for Greece may be part of a way to help ease economic adjustment for the Mediterranean country. In an interview with Sun News Network to be broadcast at 6 p.m....

The demand by Greece's creditors for electricity rates to reflect the full cost of production will bring about fresh rate hikes by June 2013, the newspaper Kathimerini reported. As part of a broader deal reached with the Troika of...

Imparting a rare piece of good news for Greece, the World Bank showed the country to have risen to 78th place from 100th in its annual competitiveness report. The rise earned Greece the distinction of being among the 10 "most...