US Treasury
Greece, creditors seek breakthrough as clock runs down
Greece and its lenders enter a decisive weekend of negotiations in a bid to agree on a package of cuts and reforms that would unlock another 7.2 billion euros and allow Athens to keep meeting its debt repayments.
Endless confusion and worry
By Costas Iordanidis
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Resolve Greece talks soon to avoid crisis, says US's Lew
US Treasury Secretary Jack Lew called Wednesday for Greece's debt crisis to be resolved quickly to avoid the risk of "accidents", as G7 finance ministers gathered.
"Brinkmanship is a dangerous thing when it only takes one accident," he said in a talk at the London School of Economics university.
The G-7's problem: Can the world deal with a Greek default?
By Paul Gordon & Alessandro Speciale
When the world?s top finance ministers and central-bank chiefs meet in Dresden this week, they may struggle to stick to an agenda set by their German hosts that doesn?t mention Greece.
Fed officials see June rate hike as unlikely
Federal Reserve officials believed it would be premature to hike interest rates in June even though most felt the U.S. economy was set to rebound from a dismal start to the year, according to minutes from their April policy meeting released on May 20.
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Greece warned of cash shortage ahead of deadline: Report
Prime Minister Alexis Tsipras had warned foreign officials that Athens would not be able to pay the 750 million euros ($845 million) due this month to the International Monetary Fund, Greek newspapers said May 17.
Greece came close to not paying IMF
The Greek government is hoping that it will be able to reach a technical agreement with lenders this week, paving the way for it to receive the funds that would allow it to continue meeting its obligations.
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Paulson expects Greece, Europe to reach bailout deal
Former US Treasury Secretary Henry Paulson said he expects Greece and other euro-area nations to reach a deal on the country?s bailout that will keep it in the currency bloc.
J. Lew urges less "rhetoric", more "technical work" for Greece (video)
US Treasury Secretary Jack Lew urged the Greek government to present a detailed program of reforms to its international creditors. He warned that these detailed reforms would need to be specific and urgently implemented.
Top US, European officials: Time running out for Athens to reach deal!
Warnings, left and right, picked up on Friday ahead of yet another in a long line of crucial weeks for the leftist SYRIZA government holding Greece's reins and responsibility for replenishing the almost depleted state coffers.