Tag: Greece referendum

• Wednesday, July 15th 2015 - 06:40 UTC

  Greek parliament must vote on Wednesday Euro zone bailout conditions

  

  Greek Prime Minister Alexis Tsipras says he does not believe in a bailout offered by Euro zone leaders, but is willing to implement it. Tsipras described the deal as “harsh”, but said it was the only way for Greece to remain in the Euro.

• Saturday, July 11th 2015 - 05:30 UTC

  IMF trims forecast for global growth because of recent US economy weakness

  

  The International Monetary Fund has trimmed its forecast for global economic growth for this year to take into account the impact of recent weakness in the United States. But the global financial institution said growth prospects for next year remain undimmed, despite Greece's debt crisis and recent volatility in Chinese financial markets.

• Tuesday, July 7th 2015 - 07:21 UTC

  Merkel and Hollande tell Greece the door for serious proposals remains open

  

  France and Germany told Greece to come up with serious proposals in order to restart financial aid talks, raising pressure on Prime Minister Alexis Tsipras to compromise a day after his country voted overwhelmingly against more austerity

• Monday, July 6th 2015 - 08:46 UTC

  Shanghai Composite picking up strongly as fund managers buy stocks

  

  Mainland Chinese shares surged nearly 8% on Monday despite the rest of Asian markets trading lower on Greece's rejection of austerity demands. The Shanghai Composite was up 2.6% to 3,783.69 after the government announced measures over the weekend to stabilize the tumbling stock markets.

• Monday, July 6th 2015 - 07:34 UTC

  Euro zone to hold emergency summit to discuss Greek referendum 'no'

  

  Euro-zone nations will hold an emergency summit on Tuesday to discuss the Greek referendum “No” result after the German and French leaders called for a meeting, EU president Donald Tusk said. The special meeting comes as Brussels reels with the implications of what the head of the Euro-group of finance ministers from the 19-country block, Jeroen Dijsselbloem, called a “very regrettable” decision.

• Monday, July 6th 2015 - 07:22 UTC

  “An outright victory of democracy and dignity” said Cristina Fernandez on the Greek vote

  

  Argentine President Cristina Fernández used her Twitter account on Sunday to celebrate the result of a Greek bailout referendum saying it was “an outright victory of Democracy and Dignity. The Greek people have said NO.”

• Saturday, July 4th 2015 - 07:33 UTC

  Greece 'Yes' and 'No' voters tied for Sunday's referendum, shows latest poll

  

  Greeks packed city squares for dueling rallies late into the night Friday, as polls showed a dead heat between the 'yes' and 'no' camps ahead of a bailout referendum Sunday that could be Greece's most important vote since it joined the European Union.

• Wednesday, July 1st 2015 - 05:41 UTC

  Greece in IMF 'arrears'; it will default when it misses commercial payment

  

  Greece on Tuesday became the first developed country to join a roster that includes some of the world’s poorest and worst governed nations, including Iraq, Sudan, Somalia and Zimbabwe. Those are a few of the countries that have missed payments to the IMF as Greece did Tuesday, when it failed to make a loan payment of about 1.5 billion Euros, or $1.7 billion, to the fund.

• Tuesday, June 30th 2015 - 07:14 UTC

  EU leaders warn Greeks the referendum vote means “yes or no to the Euro zone”

  

  European leaders have warned Greeks that rejecting creditors' proposals in a snap referendum called for Sunday would mean leaving the Euro. German Vice Chancellor Sigmar Gabriel said the vote would be “yes or no to the Euro zone”.