Greece

Greece Sets Sunday Deadline For Debt Talks

4 Feb 2012

Greece is under heavy pressure from its creditors to implement further austerity and structural measures if it wants to get a second, euro130 billion ($171 billion) bailout, and avoid bankruptcy.

Euro zone loses patience with Greece

4 Feb 2012

BRUSSELS (Reuters) - Euro zone finance ministers told Greece on Saturday it could not go ahead with an agreed deal to restructure privately-held debt until it guaranteed it would implement reforms needed to secure a second financing package from the euro zone and the IMF. Euro zone ministers had hoped to meet on Monday to finalize the second Greek bailout, which has to be in place by mid-March ...

Eurogroup's Juncker warns of possible Greece default

4 Feb 2012

BERLIN (Reuters) - The possibility of a sovereign default by Greece cannot be ruled out, Jean-Claude Juncker, head of the Eurogroup of finance ministers from the single currency zone, said in a German magazine on Saturday. In an advance copy of comments to news weekly Der Spiegel, Jean-Claude Juncker was quoted as saying Greece could no longer expect solidarity from other euro zone members if it ...