Tête-à-tête for Merkel and Tsipras
Increasingly strapped for time, cash and friends, Greece’s Prime Minister Alexis Tsipras will have another shot at making his case that Greece can be pushed no further by its creditors when he meets...
View ArticleFrustrated IMF pulls out of Greek talks
In the latest sign of mounting frustration with Greece’s response to its debt crisis, the International Monetary Fund said Thursday it was withdrawing its negotiators from discussions in Brussels over...
View ArticleEurope to Greece: Get real
It was mid-afternoon on Tuesday and a senior member of the Greek government had just awoken from an afternoon nap and come down to the lobby of his Brussels hotel. “I had to get some sleep because I’m...
View ArticleEU looks at Plan B for Greece
Greek Prime Minister Alexis Tsipras is sending send a delegation to Brussels Saturday with a new economic reform proposal to attempt to break the deadlock with creditors. The Greek proposal include low...
View ArticleGreece talks collapse as time runs out
A last-ditch effort to reach a compromise between Greece and its creditors ended in failure Sunday, nudging Athens closer to defaulting at the end of the month. Representatives of the Greek government,...
View ArticleStubborn, us? Greece and EU play hardball
The Greek government and the European Commission dug in Monday on who should make concessions to keep the country from default, with Athens rejecting accusations that it was being obstinate and...
View ArticleWe’ve only just begun, Tsipras says
Prime Minister Alexis Tsipras showed no sign Tuesday of capitulating to Greece’s international creditors, denouncing the “criminal responsibility” of countries demanding spending cuts and accusing them...
View ArticleTrump calls Greece ‘unsalvageable’
The Greek debt talks heard a new voice on Tuesday. It might not have been the voice of reason, but it was the voice of Donald Trump. In announcing his candidacy for U.S. president, Trump called Greece...
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Mind the (Greek) gap
The gulf between Greece and its creditors doesn’t look significant from a pure financial viewpoint — a couple billion euros, less than 1 percent of GDP, a half-percentage point spread on the budget...
View ArticleEurogroup in 11th hour talks to avoid Grexit
LUXEMBOURG — Eurozone finance ministers began a critical meeting on Thursday with plenty of consensus on the urgency of avoiding a Greek default and exit from the euro but apparently few new ideas on...
View ArticleEU leaders call emergency Greece summit
LUXEMBOURG — European Union leaders will hold an emergency summit on Greece next Monday following the failure of talks among eurozone finance ministers to find a way to avoid a Greek default and exit...
View ArticleGloom prevails in EU as Greek deadline nears
Germany’s finance minister is never exactly a ray of sunshine but even by Wolfgang Schäuble’s standards, his assessment of the Greek situation Friday, after an apparently fruitless gathering with his...
View ArticleGreece may make concessions at crisis summit
Greece will update its proposals on economic reforms when Prime Minister Alexis Tsipras meets eurozone leaders at an emergency summit Monday, a senior aide said on Saturday, signalling potential...
View ArticleFrustrated Eurogroup pushes back Greek decision
Eurozone finance ministers concluded after a brief meeting on Greece’s latest economic reform proposals that there was no chance of leaders resolving the issue at their emergency summit later Monday,...
View ArticleMerkel rules out Greek crisis summit deal
German Chancellor Angela Merkel ruled out the chances of a solution emerging from Monday’s emergency eurozone summit on avoiding a Greek debt default and exit from the euro before it even began, after...
View ArticleNo deal, but some hope, on Greece
An emergency summit of eurozone leaders broke up Monday night without an agreement on a Greek rescue, but there was optimism that a deal to avoid a default and exit from the euro was possible ahead of...
View ArticleEurogroup breaks with no Greek deal, but talks continue
Europe’s latest attempt to broker a deal with Greece failed late Wednesday amid growing acrimony between Athens and its creditors ahead of a deadline next Tuesday that could see a Greek default and a...
View ArticleThe trust gap on Greece
As another week of dueling reform proposals, recriminations and hours of discussions on Greece’s future draws to a close with no resolution in sight, hope for an 11th-hour deal hinges less on substance...
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Greece heads toward euro exit
Greece is hanging on in the euro, possibly the EU, by the thinnest of threads. After a dramatic weekend of surprise midnight demarches, acrimonious negotiations in Brussels and a heated debate in...
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