Greece sticks to bailout targets in draft budget

2015-10-06 16:30

Greece has stuck strictly to the targets enshrined in its international bailout programme in unveiling a draft budget which sees the economy shrinking in 2016.

HEADLINES: Durban refugee camp closure, Eskom funding & Greece economy

In today's news headlines: the last refugee camp in Durban closes, Government sells its stake in Vodacom to fund Eskom and Greece's bailout plan expires.

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Pension, labour disputes dog Greek talks

2015-05-04 16:34

Differences over pension and labour reforms continue to dog intensive negotiations between Greece and its international creditors despite progress in other areas.

Greece, creditors commence bailout talks

2015-03-12 11:52

Greece and its international creditors have held a new round of negotiations on which kind of reforms are necessary in return for further bailout aid.

Germany softens tone ahead of Greek debt talks

2015-02-20 15:45

European Union paymaster Germany has softened its tone as eurozone finance ministers raced to break a deadlock over Athens' debts.

No more money with strings attached - Greece

2015-02-09 10:45

Greece's new leftist-led government, isolated in the eurozone, says it wants no more bailout money with strings attached from the EU and the IMF.

Germany won't accept one-sided Greek bailout

2015-02-02 16:30

Berlin will not accept any one-sided changes to Greece's bailout scheme, says German Finance Minister Wolfgang Schaeuble.

Court confirms legality of euro bailout

2014-03-18 12:40

Germany's Constitutional Court confirmed the legality of the euro zone's bailout fund, upholding a preliminary ruling.

Spain heading for 'full-blown bailout'

2012-09-08 23:14

Willing or not, Spain is heading towards a full-blown bailout with IMF supervision, strict conditions and the threat of even more painful austerity cuts, analysts say.

Eurozone to force Spain banks to hike capital

2012-07-09 13:06

Eurozone finance ministers have said they will oblige Spain's battered banks to further boost the share of rock-solid core capital.


Greece to get €6bn bridge loans if no agreement at Eurogroup

2015-08-14 09:15

Greece could get €6.04bn in bridge financing if eurozone finance ministers cannot agree on the planned third bailout for Athens when they meet again.

Eskom bailout going to 'black hole', Parly hears

2015-06-25 15:42

Two bills, which would enable a bailout of billions of rands for Eskom, have been passed by the National Assembly in the absence of the largest opposition parties.

Greece to offer taxpayers a deal

2015-04-29 10:15

Greece is to allow money held abroad by its taxpayers to be declared without penalty and taxed at a discount rate, a move to help overcome a threat of bankruptcy.

Greece gets half-billion euro lifeline

2015-03-11 09:09

After turning the screws on Athens for a week, the European Stability Mechanism has thrown Greece's radical new government a €555m lifeline.

Eurogroup will back Athens proposal - Greece

2015-02-19 10:00

Greek finance minister believes eurozone finance ministers would approve an Athens government proposal on extending the country's loan agreement.

Greek govt in Rome for talks on bailout

2015-02-03 16:45

Leaders of Greece's new leftist government were due in Rome as they continued a tour of European capitals to press their demands for debt relief.

Eurozone backs Greece credit lifeline

2014-11-07 13:00

Eurozone finance ministers have backed a precautionary credit line for Greece after the country exits its bailout at the end of the year.

Oz govt to save automakers?

2013-08-05 09:01

The Australian government has pledged the equivalent of R1.7-billion to the nation's automakers to shore up struggling sectors.

Finland finally agrees to Spanish bailout

2012-07-20 11:45

Finland's parliament has approved a European aid package for ailing Spanish banks, as well as a deal for collateral from Spain in exchange for Helsinki's participation.

IMF: Sri Lanka seeking fresh bailout

2012-06-15 16:14

Sri Lanka is seeking fresh help from the International Monetary Fund after drawing down a previous $2.6bn bailout, says a top IMF official.

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