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Greece: Loan extension deal purposely vague to help approval
Greece's finance minister said Friday that an agreement with its European creditors to extend its international loan agreement by four months was intentionally vague to ensure the countries that need to ...
Fri, 27 Feb 2015 09:56:57 -0800

Greece's 'creative ambiguity' won extra lifeline, says finance minister
Greece used "creative ambiguity" to win a loan lifeline from its international partners, Finance Minister Yanis Varoufakis said, provoking anger in Germany's parliament which approved the deal on Friday. "We're proud of the degree of ambiguity - I'm using a term here, creative ambiguity," Varoufakis told Antenna TV. Varoufakis said in one "particular discussion" at a euro zone finance ministers ...
Fri, 27 Feb 2015 09:50:54 -0800

Greece runs out of funding options despite euro zone reprieve
BRUSSELS/ATHENS, Feb 27 (Reuters) - Greece is running out of options to fund itself despite a four-month bailout extension, raising pressure on Athens to quickly implement reforms it has vocally opposed or default on debt repayments in a matter of weeks. Shut out of debt markets and faced with a steep fall in tax revenues, Athens is expected to run out of cash by the middle or end of March. Its ...
Fri, 27 Feb 2015 10:06:44 -0800

Greece's Varoufakis says EU deal a 'fig leaf'
Greece's maverick Finance Minister Yanis Varoufakis on Friday called a hard-fought EU deal securing a bailout extension a "fig leaf" vaguely worded "deliberately" to secure approval by European parliaments. "We are proud of the level of vagueness" in the agreement signed with eurozone finance ministers this week, Varoufakis told Antenna TV. The statements were made as lawmakers in Germany -- one ...
Thu, 26 Feb 2015 16:07:35 -0800

Greece sees problems repaying IMF, ECB; Germans air mistrust
ATHENS/BERLIN (Reuters) - Greece said on Wednesday it will struggle to make debt repayments to the IMF and the European Central Bank this year as Germany's finance minister voiced open doubts about Athens' trustworthiness. A day after euro zone finance ministers agreed to a four-month extension of a financial rescue for the currency bloc's most heavily indebted member, Finance Minister Yanis ...
Wed, 25 Feb 2015 10:56:08 -0800

Greece clears key hurdle to extend bailout but doubts remain
BRUSSELS (AP) — Greece cleared a major hurdle Tuesday in its ongoing battle to remain solvent as its European creditors approved a 4-month extension to its financial bailout — but the cash-strapped country has much more to do to convince its partners that it deserves longer-term help beyond the summer.
Tue, 24 Feb 2015 12:04:45 -0800

Greece bailout set to get strong German Parliament backing
BERLIN (AP) — Greece's four-month bailout extension should get wide, if unenthusiastic, support in the German Parliament after a large majority of lawmakers in Chancellor Angela Merkel's conservative bloc signaled their backing on Thursday.
Thu, 26 Feb 2015 05:35:31 -0800

Greece hails 'turn in the tide' but debt problems loom
Greece's finance minister hailed Thursday a "turn in the tide" following an extension of the stricken eurozone country's bailout but warned of problems ahead in meeting billions of euros in debt repayments. Finance Minister Yanis Varoufakis told Bloomberg TV in an interview that 700 million euros ($795 million) was deposited at Greek banks on Tuesday, when Greece's creditors approved the four ...
Thu, 26 Feb 2015 03:41:54 -0800

Greece faces problem repaying IMF, ECB: finance minister Varoufakis
Greece has no immediate problem with government liquidity, but faces trouble in making debt payments to the IMF and European Central Bank in the spring and summer, Finance Minister Yanis Varoufakis said on Wednesday. A finance ministry official said on Tuesday that Greece expected to start discussions immediately with its EU/IMF partners on filling the state's funding gap. Following interest ...
Wed, 25 Feb 2015 03:50:16 -0800

Greece to start talks now with partners on funding gap: finance ministry official
Greece expects to start discussions immediately with its EU/IMF partners on filling the state's funding gap, a finance ministry official said on Tuesday. "The discussions on Greece's funding gap will begin tonight, tomorrow morning," said the official, who was speaking on condition of anonymity. Following interest payments this month of about 2 billion euros ($2.3 billion) to private bondholders ...
Tue, 24 Feb 2015 09:36:25 -0800


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