European debt crisis
Dani Rodrik explains why a Greek euro exit isn't a solution for anyone
By Xenia Kounalaki
Eurozone Said to Be Nearing Accord on Four-Month Extension of Greece Bailout
Finance ministers from the 19 eurozone member states were discussing a potential four-month extension for Greece's bailout programme at an emergency meeting in Brussels on Friday night.
The WSJ quoted a Greek official as saying there was "broad consensus" on a common statement by finance ministers.
Draft Accord Reportedly Agreed in Greek Bailout Standoff
Greece and its eurozone partners seem to be on the verge of striking a compromise over the extension of the country's financial rescue package.
Draft accord reached on bailout extension text, officials say [Update]
Eurozone finance ministers have drafted a common text with Greece that Greek and eurozone officials said on Friday could form the basis for an agreement to extend Athens' bailout package.
Officials stressed that there was as yet no formal agreement in the full meeting of the Eurogroup of 19 finance ministers.
Tsipras 'certain' eurozone will back loan, Merkel demands more
By Jan Strupczewski & Renee Maltezou
Greece's leftist prime minister said on Friday he was certain eurozone finance ministers would accept Athens' request for an extended loan but Germany demanded "significant improvements" in Greek reform commitments.
Spiegel: ECB prepares for a Greece exit from euro zone
The European Central Bank is preparing for the event that Greece leaves the euro zone and its staff are readying contingency plans for how the rest of the bloc could be kept intact, German news magazine Spiegel reported in a preview of its magazine.
The ECB declined to comment on the report.
Why Germany might not be bluffing with Greece
By Mark Whitehouse
- Read more about Why Germany might not be bluffing with Greece
- Log in to post comments
Eurogroup: Finnish FinMin sees 'ray of hope'
Finnish Finance Minister Antti Rinne said in a live-streamed interview that he saw "a ray of hope" that an understanding can be reached between eurozone creditors and Greece on Friday.
- Read more about Eurogroup: Finnish FinMin sees 'ray of hope'
- Log in to post comments
“Sighns of progress” in EuroWorking Group for Greece
According to diplomatic sources there are signs of progress.
Same sources also indicate that there is no deadlock issue and Eurozone Ministers of Finance will most likely head towards a solution tomorrow, which will be accepted by all euro member states.
Greek pressure mounts as ECB shows caution on emergency cash
By Nikos Chrysoloras & Paul Gordon
Pressure mounted on Greece as U.S. and European officials called on the government to reach a deal with its creditors and the European Central Bank granted the nation's cash-strapped banks only a small increase in emergency funds.