Greek leftists Syriza aim for historic election win

2015-01-25 09:30

Greeks vote on Sunday in an election expected to bring in a government led by the leftwing Syriza party, which has promised to roll back painful austerity measures.

Eurozone, IMF strike Greek debt deal

2012-11-27 07:46

Eurozone finance ministers have struck a new deal with the IMF to slice more than €40bn off Greece's massive debt burden by 2020 - in turn freeing up long-blocked loans.

Greece passes crucial austerity bill

2012-11-08 08:17

Greece's key austerity bill, which will slash pensions and salaries, has been passed in a close vote that left the coalition government reeling from dissent.

Greece averts default with bond success

2012-03-09 09:54

Athens has staved off an immediate defaut after a bond swap deal which will ease its massive public debt and clear the way for a new international bailout.

Greek debt swap deal buoys shares

2012-03-09 08:51

Asian stocks rose on signs that Greece is a step closer to securing a bailout fund.

Greece plays down 'degrading' inspections

2012-02-22 08:00

Athens is trying to play down a bailout term that foreign inspectors permanently monitor its finances, which is seen by many as a humiliating surrender of sovereignty.

Eurozone mulls delay of Greek bailout

2012-02-15 15:53

A second bailout may be held back as Greece remains reluctant to commit to the terms of the €130bn package to stave off bankruptcy and a disorderly default.

Greeks clinch bailout deal - finally

2012-02-09 17:13

Greek political leaders agreed to austerity measures needed to secure a bailout and avoid a messy default, in time for a meeting with their financial backers.

EU, IMF press Greece on reforms for aid

2012-01-27 11:41

Athens has been given a list of measures it has to adhere to before the European Union and IMF agree on more assistance to help it stave off bankruptcy.

Markets calm down after Greek storm

2011-11-02 17:47

Global stocks pared back some of the losses caused by the steep sell-off sparked by Greece, although worries about the eurozone debt crisis lingered.

Greek referendum threatens new crisis

2011-11-01 10:23

Greece's prime minister has called for a shock referendum on the country's second bailout package which threatens to intensify the eurozone crisis.

Europe again steps back from brink

2011-09-29 15:28

Europe again averted disaster when German MPs approved a stronger eurozone bailout fund in spite of a rebellion in Angela Merkel's coalition.

Greece denies likelihood of default

2011-09-23 12:18

Greece has refuted newspaper reports that an option in its debt crisis would be an orderly default with a 50% haircut for bondholders.

EU in fresh bid to tackle Greek crisis

2011-07-14 10:19

Eurozone countries are grappling with the thorny issue of involving the private sector in addressing Greece's debt woes.

Greek debt restructuring 'must be voluntary'

2011-06-13 18:16

European Central Bank president Jean-Claude Trichet reaffirms that any restructuring of Greece's debt would have to be voluntary to avoid serious consequences.

'New thinking needed on Greek debt'

2011-05-26 10:43

Europe has not exhausted ways of helping Greece but any restructuring its debt would pose serious risks, German Finance Minister Wolfgang Schaeuble says.

Euro falls against dollar

2011-05-13 09:30

The euro has retreated, as risk appetite waned amid ongoing concerns over European debt and following losses in Tokyo stocks and oil prices.

Asian stocks subdued on Greek debt crisis

2011-05-10 09:40

Worries over Greece's debt problems contributed to muted trading on Asian markets despite a rise on Wall Street spurred by rising commodity prices.

Spending cuts hit Greek hard

2010-08-21 13:00

As the Greek government slashes spending and hikes taxes to drive down its deficit, jobs are vanishing, shops are closing, and on the streets gloom is prevailing.

Greece hopes for last-minute tourism boost

2010-07-14 08:30

Greece's deputy tourism minister says he hopes a late surge in arrivals will boost revenues in the key tourism sector which was hit by a slump in bookings this year.

China eyes major Greek investments

2010-06-15 13:30

China plans to invest billions of euros in shipping, logistics and airport projects in Greece, as the European nation battles to slash its massive debt, a report says.


No let-up in Greek manufacturing woes

2013-01-02 12:55

Greek manufacturing activity shrank for the 40th month running in December, hurt by low domestic demand and slumping exports, leading to yet more job losses.

Lenders fail to strike Greek debt deal

2012-11-21 07:58

After nearly 12 hours of talks through the night, Greece's international lenders failed to reach a deal to get the country's debt down to a sustainable level.

France backs more time for Greece

2012-09-23 17:36

Greece should be allowed more time to meet deficit targets provided it is sincere about reforming its economy, says French Prime Minister Jean-Marc Ayrault.

JSE tracks global markets to open higher

2012-03-09 09:39

The JSE was up at the opening as cheer spread through the markets on Greece's debt swap deal.

Bold hedge funds mull Greek debt battle

2012-03-07 15:50

Some hedge funds are refusing to join Greece's bond swap, complicating efforts to restructure the the country's debt.

EU leaders hope for Greece deal on Monday

2012-02-17 14:52

Italian Prime Minister Mario Monti, German Chancellor Angela Merkel and Greek Prime Minister Lucas Papademos share optimism over a Eurogroup meeting.

Greek deputy minister resigns over bailout

2012-02-09 18:38

Greece's deputy labour minister says he has quit over the "tough" and "painful" terms agreed to by Athens to secure a second bailout.

Greek hopes bolster rand

2012-02-01 16:56

The rand firmed more than 1.5% against the dollar as hopes of a resolution to Greece's debt woes reignited risk appetite.

Rand soars as Greek chaos eases

2011-11-03 18:34

Risk appetite returned, boosting the rand after the Greek PM backed down on a controversial referendum, narrowly avoiding the collapse of his government.

Greek move hits stocks, stirs German anger

2011-11-01 12:41

Global stocks including the JSE were hammered after the Greek prime minister called a shock referendum on its second bailout package, drawing veiled threats from Germany.

Flight to cash hammers gold

2011-09-26 17:16

The gold price fell as the dollar strengthened, with investors scrambling for cash amid growing fears of a Greek default and eurozone contagion.

Greek debt forecast at 161% of GDP

2011-07-14 12:25

The European Central Bank says Athens' debt is expected to peak at 161% of gross domestic product next year.

Anti-austerity strike disrupts Greece

2011-06-15 12:09

Greek workers have staged a general strike, disrupting public transport and forcing offices to close as protesters voice outrage at new austerity proposals.

Moody's downgrades Greek banks

2011-06-03 10:50

Moody's Investors Service has downgraded the deposit and senior debt ratings of eight Greek banks following its downgrade earlier of Greece's sovereign ratings.

Anger mounts in Greece

2011-05-12 10:59

Greek emotions are heating up after anti-austerity protesters were injured, and as desperate efforts to cut the country's enormous debt have stalled.

Greece's 2011 austerity budget approved

2010-12-23 12:53

Greek lawmakers have approved an austerity budget, part of a tough economic overhaul imposed after the debt-hit country's international bailout.

Greece admits breach of bailout

2010-11-15 15:46

Greece has admitted that it is in breach of conditions for a new instalment of its €110bn bailout as the IMF and European Union begin an audit of its austerity cuts.

Greece's wheather

2010-08-09 12:35

Greece will be mired in recession for at least the rest of 2010, says CNN International Correspondent Richard Quest.

Gold regains strength

2010-06-29 10:40

Gold has bounced on bargain hunting, with sentiment still underpinned by Europe's debt crisis and record high ETF holdings.

Juncker slams Moody's Greek downgrade

2010-06-15 15:50

Jean-Claude Juncker, head of the Eurogroup of finance ministers, has criticised rating agency Moody's for its "irrational" downgrade of Greece's debt to "junk" status.

€440bn bailout fund for Europe

2010-06-08 08:29

Euro finance ministers have fixed an unprecedented €440bn fund to dig debt-laden partners out of the mire, pressured by a dizzying fall for the single currency.

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