United Kingdom


Euro zone grants Greece short-term debt relief; no deal with IMF


BRUSSELS Euro zone finance ministers agreed on Monday some debt relief for Greece but were divided on reforms it must undertake to reach fiscal targets, leaving it unclear if the International Monetary Fund will join the Greek bailout programme.


Greek finance minister Tsakalotos warns creditors not to push Athens too far 05 Dec 2016

BRUSSELS Greek Finance Minister Euclid Tsakalotos welcomed "progress" in bailout talks with euro zone counterparts on Monday but warned creditors, including the IMF, not to push for reform measures Athens has not previously agreed to.


Greece sees final solution on debt crisis amid euro uncertainty 04 Dec 2016

ATHENS Political uncertainty in Europe has created fresh momentum for a "comprehensive and permanent" solution to the Greek debt crisis before the year ends, a government spokesman said on Sunday.


Greece needs reforms, not debt relief - Germany's Schaeuble 04 Dec 2016

BERLIN Greece must carry out structural reforms instead of receiving further debt relief if it wants to achieve sustainable growth and stay in the euro zone, Germany's finance minister said on Sunday.


Greece sees progress on bailout review on Monday 02 Dec 2016

ATHENS Greece expects to reach an initial agreement with its official creditors at a meeting of euro zone finance ministers on Monday on the fiscal targets and reforms it needs to adopt to conclude its latest bailout review, a government official said on Friday. | Video


NATO nearing solution to continue Aegean migrant mission - UK general 30 Nov 2016

BERLIN Turkey will likely hand off responsibility for NATO's counter-migration mission in the Aegean Sea, averting tensions with Greece, when it takes command of a broader maritime mission in the region next year, a top British general said on Wednesday.


ESM proposes measures to cut Greek debt, but with slow start 30 Nov 2016

BRUSSELS Euro zone finance ministers will discuss next week proposals by the bloc's bailout fund to cut Greece's debt, but with effects that would only kick in in several years' time, putting the International Monetary Fund's support for the measures in doubt.


ECB's Coeure - Greece can maintain 3.5 percent primary surplus a few years after 2018 29 Nov 2016

ATHENS Greece could maintain a primary surplus equivalent to 3.5 percent of its economic output for a few years after its latest bailout programme ends in 2018, European Central Bank executive board member Benoit Coeure told Greek TV on Tuesday.

Sole Greek oil producer Energean to invest $50 mln in offshore field 29 Nov 2016

ATHENS Greece's sole oil producer Energean Oil & Gas will invest $50 million to develop a proven offshore oil and gas field in western Greece, the third field it will exploit in the country, it said on Tuesday.


Failure to conclude bailout review main risk for Greek economy - central bank head 29 Nov 2016

ATHENS Greece can meet its fiscal targets next year, the head of the country's central bank said on Tuesday as he warned that the biggest risk the economy faced would be a failure to conclude the latest bailout review.