Greek

Greece, Markets Satisfied by EU-IMF Greek Debt Deal

The Greek government and financial markets were cheered on Tuesday by an agreement between euro zone finance ministers and the International Monetary Fund to reduce Greece's debt, paving the way for the release of urgently needed aid loans.

Euro Zone to Seek Greek Aid Deal Without Write-Off

Euro zone finance ministers and the International Monetary Fund began their third attempt in as many weeks to release emergency aid forGreece on Monday, with policymakers saying a write-down of Greek debt is off the table for now.

Euro Zone Likely to Reach Deal on Greek Aid Payment

Euro zone finance ministers are likely to approve the next tranche of loans to Greece on Tuesday although the money is unlikely to be disbursed before December and a deal on debt reduction may need further talks.

Euro zone mulls new ways to cut Greek debt mountain

Euro zone officials are considering new ways to reduce Greece's huge debts because delays to reforms by Athens and continued recession have put the target of a debt to GDP ratio of 120 percent in 2020 out of reach, euro zone officials said.

Merkel offers Greek PM no extra time on bailout

Angela Merkel reassured Greek Prime Minister Antonis Samaras on Friday that she wanted his country to stay in the euro zone, but gave no sign of ceding to his pleas for more time to meet the tough terms of Athens' international bailout.

Greek exit manageable but not preferable: ECB's Asmussen

A Greek exit from the euro zone would be manageable, European Central Bank policymaker Joerg Asmussen was quoted on Monday as saying, although he would prefer it if the crisis-stricken country remained within the single currency bloc.