Latest News from Greece
ECB calls on Greece to agree a strong, sustainable debt pact
European Central Bank President Mario Draghi called on Wednesday for a "strong agreement" with Greece to ensure it stays in the eurozone and also has a sustainable economy.
He said negotiations had not yet reached the point where the ECB could loosen the strings on Greece to allow it to extend issuance of short-term government bills as collateral for ECB liquidity.
Italy's Padoan confident of Greek deal, says must be soon
Italian Economy and Finance Minister Pier Carlo Padoan said on Wednesday he was confident a deal would be reached between Greece and its creditors but warned that time was running out.
"We will have a deal on Greece, I am fairly confident,» he told reporters on the margins of a conference at the OECD think tank in Paris.
EIB loan to help Turkey's SMEs
The European Investment Bank (EIB) has agreed to offer loans worth 200 million euros ($222 million) to Turkey?s state-owned bank, Ziraat Bank, to finance small and medium-sized enterprises (SMEs) as well as medium-sized corporates, the Turkish Treasury announced in a statement on June 3.
The loan will be guaranteed by the Treasury.
Greek stocks lead Europe higher as investors look to bailout talks
By Alan Soughley &Greek Stocks Lead Europe Higher as Investors Look to Debt Talk
Greek stocks headed for their biggest rally in a more than a month, leading European shares higher as investors awaited the outcome of the country?s debt talks.
SYRIZA MPs plan to gather to assess bailout plan
SYRIZA’s parliamentary group is due to meet on Thursday to discuss the proposal Greece’s lenders are due to present to Prime Minister Alexis Tsipras in Brussels on Wednesday night.
Juncker: Agreement on Greece almost certain, tomorrow
A few hours before the meeting between Alexis Tsipras and Jean-Claude Juncker in Brussels, European officials send clear messages that there will be no developments on the Greek matter today, but it is “almost 100% certain that tomorrow, an agreement between Greece and its lenders will be announced”.
Tsipras urges 'realism' in final proposal on Greek stalemate
By Corina Ruhe, Paul Tugwell & Birgit Jennen
Greek Prime Minister Alexis Tsipras said he will press creditors to be realistic about what his country can accept as they prepare to deliver a final proposal to break a stalemate over a financial lifeline.
Dacic to travel to Russia, Merkel, Tsipras to visit Belgrade
Serbian Deputy Prime Minister and Foreign Minister Ivica Dacic has said that he will be in Russia for a forum in St. Petersburg in mid-June.
He also told Belgrade-based daily Danas that Greek Foreign Minister Nikos Kotzias would visit Belgrade on June 25 to lay the groundwork for the first official visit to Serbia by Greek Prime Minister Alexis Tsipras.
Draghi's Europe looks healthiest for years even with Greece
By Jeff Black
Mario Draghi is trying to make the euro area a hard place to leave.
Spanish economy minister certain Greek deal to be reached
A Greek exit from the euro zone is «not on the table», Spanish Economy Minister Luis de Guindos said on Wednesday, adding that he was certain a deal would be reached between Athens and its creditors.
Greece 'will not pay IMF on June 5 without prospect of a deal'
Greece will not make a June 5 repayment to the International Monetary Fund if there is no prospect of an aid-for-reforms deal with its international creditors soon, the spokesman for the ruling Syriza party?s lawmakers said on June 3.
Dijsselbloem to join Greek talks in Brussels
Eurogroup President Jeroen Dijsselbloem will take part in talks on Wednesday in Brussels with Greek Prime Minister Alexis Tsipras on what reforms Greece must implement to get more funding from its creditors, a euro zone official said.
New EasyJet routes to Split, Rhodes and Corfu
The routes are launched this week from Newcastle’s International Airport:
June 2 – Split, Croatia
June 4 – Rhodes, Greece
June 7 – Corfu, Greece
Over 20,000 passengers are expected to fly in and out of Newcastle on the three new Split, Rhodes and Corfu routes from June to October this year alone.
French economy minister says confident Greek deal can be reached
French Economy Minister Emmanuel Macron said on Wednesday he was confident an agreement between Greece and its creditors could be reached.
Tsipras heads to Brussels to hear final offer from creditors
By Nikos Chrysoloras, Birgit Jennen & Corina Ruhe
Greek Prime Minister Alexis Tsipras will be told the details of a final proposal from creditors to break a stalemate over a financial lifeline as his country runs out of options to avert a default.