Latest News from Greece

Greece Submits Revised Reform List to Creditors

Greece submitted on Tuesday a revised list of reforms, which the country has to fulfill in order to be granted further bailout by its international creditors.

This happens a day before Greek Prime Minister Alexis Tsipras is to meet German Chancellor Angela Merkel and French President Francois Hollande, daily Kathimerini reports.

EU officials swiftly dismiss Greek reform offer

European Union officials on Tuesday swiftly dismissed new Greek promises of economic reform, saying the proposals were not enough to unlock funds that Athens urgently needs to avoid defaulting on its debts.

Germany's Schaeuble says no rift with Merkel on Greece

German Finance Minister Wolfgang Schaeuble on Tuesday denied reports that there was a rift between Chancellor Angela Merkel and himself on Greek debt negotiations.

"You shouldn't waste much time on these rumors," Schaeuble said during a panel at an economic conference organized by Merkel's conservative CDU party in Berlin.

Greece delivers reform plan to EU, warns on cost of failure

Greece handed its creditors new proposals on unlocking funds to keep the country from default, with Prime Minister Alexis Tsipras offering hope for a deal and warning the cost of failure would be enormous.

The reform proposals mark a further attempt by Tsipras to compromise with lenders as time runs out to reach a deal to prevent his country going bankrupt.

Bulgarian Exports to EU, Third Countries Increase in First Quarter of 2015

According to preliminary figures of the National Statistical Institute (NSI), which were released on Tuesday, Bulgarian exports to both the EU and third countries increased, but the country's trade balance remained negative.

Bulgarian exports to the EU in the first quarter of 2015 amounted to BGN 6.9 B, which represented an increase of 12 % compared to the same period last year.

Trilateral Tsipras-Merkel-Hollande meeting in the air

The climate between the Greek Radical Left Coalition (SYRIZA) government and international creditors is worsening following the latest rejection of Greece’s proposals.

EU Commission confirms it received new Greek proposals on Tuesday

The European Commission received new proposals from Greece on Tuesday as it negotiates a new debt deal with its international creditors, a spokesman for the EU executive told a news briefing.

Greek war hero lashes out at EP President

“As an individual you have the right to intervene and say whatever you want, but, as a president of the European Parliament I believe that you don’t have the right to express the European Parliament and to intervene in Greece and to try to strangle it,” said SYRIZA MEP Manolis Glezos on Tuesday addressing Europarliament President Martin Schulz. “Those who believe that they can subordinate the G

Austrian chancellor wants five-year plan for Greece

Greece needs to work on a five-year plan with its creditors and European Commission President Jean-Claude Juncker in principle agrees on this, Austria's Chancellor Werner Faymann told reporters on Tuesday.

Eurostat: GDP rose by 0.4%, but Greece in recession

Eurostat released its data for the GDP as part of the second estimate for the first quarter of 2015. Seasonally adjusted GDP rose by 0.4% in both the euro area and the EU28 during the first quarter compared to the previous quarter. In the fourth quarter of 2014, GDP also grew by 0.4% in both areas.

Greek proposal a 'vague rehash' of previous ones, says one official

The Greek government submitted a three-page budget proposal to its creditors in Brussels in a bid to unlock bailout funds, two international officials with direct knowledge of the discussions said.