United Kingdom


Greece submits reform bill to parliament to get bailout funds


ATHENS Greece on Friday submitted to parliament a bill with reforms demanded by its foreign creditors in exchange for financial aid under the country's international bailout.


Greece needs substantial debt relief, surplus targets unrealistic - IMF 23 Sep 2016

ATHENS Greece needs substantial relief to render its debt load sustainable and help set its ailing economy on a recovery path, the International Monetary Fund said in an annual review on Friday.


Exclusive - In interview, Tsipras sketches out path for Greece to exit crisis 22 Sep 2016

NEW YORK Greece's prime minister on Tuesday sketched out a path he hopes will finally allow his country to exit its seven-year-old economic crisis, holding out the possibility of positive growth this year and a partial return to the bond markets in 2017.


RBS starts winding down shipping business as sale efforts fade 20 Sep 2016

LONDON The Royal Bank of Scotland has begun winding down its global shipping finance business, it said on Tuesday, ending efforts to sell it off during a worsening downturn across the freight industry.


Thousands flee fire at Greek migrant camp as tensions flare 20 Sep 2016

ATHENS Thousands of people fled a migrant camp on the Greek island of Lesbos after fire swept through tents and cabins during violence among residents, police said. | Video


2016 could become deadliest on record for refugees crossing Mediterranean - UNHCR 20 Sep 2016

BRUSSELS The U.N. refugee agency warned on Tuesday that 2016 looked set to become the deadliest year on record for refugees and migrants crossing the Mediterranean to reach Italy and Greece, even though arrivals are down 40 percent from a year ago.


Greek central bank chief says no friction with government 17 Sep 2016

ATHENS The governor of the Central Bank of Greece denied on Saturday friction in relations with the government, against the backdrop of an anti-corruption probe which has targeted his wife's business activities.


EU and IMF still at odds with Greece over privatisation fund head 16 Sep 2016

ATHENS Greece and its foreign creditors are still at odds over who will oversee a new privatisation fund, a finance ministry official said on Friday, an issue which must be resolved for Athens to qualify for fresh bailout aid.

Greece to launch toll road tender to help secure bailout - official 15 Sep 2016

ATHENS Greece will launch a tender for the long-term lease of a major toll road by the end of September, a senior privatisation agency (HRADF) official said on Thursday, to unlock the country's next tranche of bailout loans.


German banks count cost of global shipping crisis 15 Sep 2016

LONDON/FRANKFURT German banks are struggling to recoup tens of billions of dollars of loans as a global shipping industry slump hits them hard.