Topic: greece crisis

Greece approves new batch of reforms for multi-billion dollar bailout

Greek lawmakers have overwhelmingly approved a new batch of reforms demanded by the country's international creditors in return for a third multi-billion euro bailout.

Waiting for the next Greek crisis: Don Pittis

A celebration by global markets that Greece is 'returning to normal' may be premature, says Don Pittis. A clash between two of Europe's great institutions means this is a crisis that has legs.

Greece crisis: Banks reopen as government tries return to normalcy

Greek banks opened their doors Monday for the first time in over three weeks, a move that the government hopes will help the economy get back to normal following a period dominated by fears over the country's future in the euro.

Greece crisis: Tsipras shuffles cabinet after anti-austerity mini rebellion

German lawmakers on Friday cleared the way for potentially difficult negotiations on a new, third bailout package for Greece that is expected to be worth 85 billion euros.

Greek banks to reopen Monday as EU bailout vote passes

​Europe moved to re-open funding to Greece's stricken economy on Thursday, hours after a fractious Greek parliament approved a tough bailout program in a vote that left the government without a majority and looking to new elections within months.

Greek parliament passes austerity bill despite dissent

Greek lawmakers voted overwhelmingly early Thursday to approve a harsh austerity bill demanded by bailout creditors, despite significant dissent from members of Prime Minister Alexis Tsipras' left-wing party.

Greece crisis: Deal reached with European creditors, euro exit avoided

Greece reached a deal with its European creditors Monday that avoids an exit from the euro and the global financial chaos that prospect had raised.
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Greek crisis: Follow breaking updates from CBC News

CBC News brings you the latest developments on the eurozone's deal with Greece.

Greek parliament OKs reform proposals as basis for talks with creditors

Greek lawmakers have approved a government motion seeking authorization for reform proposals as a basis for negotiations for a third bailout in talks with international creditors this weekend.

Greek referendum voters unclear on question, potential aftermath

In the space of a week Greece has slid from difficult negotiations with its creditors into full-on crisis mode with banks on life support and a seminal referendum just a heartbeat away — one that could start to unravel the country's cherished place in the heart of the EU.

Greece crisis: Higher taxes, pension cuts in new proposal

Greece met a deadline that counted on Thursday and made a series of sweeping proposals that its creditors needed by midnight to set off a mad rush toward a weekend deal to stave off a financial collapse of the nation.

'Grexit' looms if no Greece debt agreement at weekend EU summit

The European Union will decide on Sunday whether to extend more help to its fiscally floundering member, Greece; or it could reject the country's proposal and subsequently push it out of the EU, observers say.

Europe losing patience with Greek fiscal crisis

When it comes to Greece, punishment, say the polls, is what most Germans want. But, Don Murray asks, is fury and politics the way to deal with Europe's latest existential crisis?

Greek PM Alexis Tsipras's path to power

Alexis Tsipras, 40, is Greece's youngest prime minister in over a century and a half. But while he has been a political animal since his youth, joining the Communist youth at age 14, he had a different career path planned.

Greece gets until Sunday to come up with proposal to stave off collapse

Greek Prime Minister Alexis Tsipras says his government has submitted a proposal for staving off financial collapse in his country to eurozone leaders and to the European Council as EU President Donald Tusk said Greece had until Sunday to propose a new bailout deal.

Greek bailout referendum: ECB says no new emergency funds for Greek banks

The European Central Bank said on Monday it was keeping the level of emergency credit to Greek banks unchanged, putting the banks under increasing pressure as they try to cope with cash withdrawals.

Greek bailout referendum: World leaders react to No vote

World leaders, especially in Europe, are reacting to Greek voters who rejected a bailout plan in Sunday's referendum, and one politician says a new aid package is "difficult to imagine."

In rejecting austerity, Greek voters force Germany's hand

As Europe's ultimate paymaster, German politicians are furious with Greece for its spendthrift ways and high-stakes referendum tactics. But, Don Murray writes, does Chancellor Angela Merkel want to go down as the leader who presided over Europe's breakup?

Greek bailout referendum: 'No' side celebrates decisive win

Greeks overwhelmingly rejected conditions of a rescue package from creditors on Sunday, throwing the future of the country's euro zone membership into further doubt and deepening a standoff with lenders.

What will Sunday's Greek referendum mean? Here are some possible outcomes

In the fast-moving situation in Greece, there are few certainties. But we do know a few things that are possible — even likely — no matter which way Greeks vote on Sunday.

Greece debt crisis: IMF suggests debt relief as referendum campaign begins

The battle for Greek votes is in full swing today ahead of a crucial weekend referendum that could decide whether the country falls out of the euro, but the IMF suggests the next step might be negotiating debt relief, a key demand by Prime Minister Alexis Tsipras.

Greece crisis: The sticking points that scuppered bailout talks

Greece has defaulted on its repayments to the International Monetary Fund and its bailout program has expired — leaving Athens to seek a third support package as its banks and stock market remain closed. Here's a look at the differences between Greece and its creditors that will have to be resolved if a new bailout deal is to be reached.

Greece financial crisis: IMF loan repayment deadline passes with no deal

Greece missed its midnight deadline to make a €1.6-billion ($2.2 billion) payment to the International Monetary Fund and is now technically in arrears.

Greek financial crisis: what you need to know

The financial chaos in Greece reached a new peak Monday, with long lineups at cash machines and protests involving burning euros. Global stock markets suffered big selloffs.

Greece says crisis won't affect tourists, but Canada urges travellers to bring cash

Greece, at pains to protect one of the economy's only bright spots, rushed on Monday to assure tourists that their holidays would be untouched by the restrictions imposed to protect the tottering banking system.