Latest News from Greece
Spain confident Greek debt deal can still be reached
Spanish Economy Minister Luis de Guindos said Monday he expects Greece will be able to reach an agreement with its bailout creditors before Tuesday night when its existing aid programme ends.
Greece crisis is paralyzing Europe, ABB chief says
The world’s largest maker of power grids, Switzerland’s ABB Ltd., said the intensifying standoff between Greece and its debtors is hurting the European economy as companies hold back investments.
Britain's FTSE slips on Greek jitters
Britain's top share index fell sharply on Monday, with investor sentiment punctured by Greece's deepening debt crisis following the breakdown of talks with creditors and Athens' imposition of capital controls.
Spanish, Italian government borrowing costs jump as Greek worries spill over
Government borrowing costs in Europe's southern countries shot up on Monday as unsettled investors responded to raised expectations that Greece could leave the eurozone after Athens closed its banks and introduced capital controls.
Cameron sees Greece leaving euro in event of referendum no vote
British Prime Minister David Cameron said on Monday he thought it would be hard for Greece to stay in the single currency if Greeks voted to reject a deal from international creditors in a forthcoming referendum.
EU's Moscovici Says New Proposal to Greece 'Due Monday'
Greece will receive a new bailout proposal from the EU Commission later on Monday, AFP says, citing Economic Commissioner Pierre Moscovici.
In his words, everybody still hopes that a compromise might be in place before Athens is forced to default on its debts on June 30, when a payment to the IMF is due to fall.
Moscovici: The EC to campaign for Greek “Yes” vote
EU Economics and Monetary Affairs Commissioner Pierre Moscovici said on Twitter on Sunday that Greece can still restart negotiations with its creditors. Furthermore, he told French RTL radio on Monday that a deal between Greece and its creditors is “only a few centimeters away”, while insisting that the country should stay in the Eurozone.