Edition:
United Kingdom

Greece

Exclusive - Greece to overshoot budget surplus targets in 2017, 2018: government official

Photo

ATHENS Greece expects to overshoot its budget surplus targets for a third consecutive year in 2018, a senior government official said on Monday, an outcome that could help ease the austerity burden imposed on a recession-weary population.

Photo

EU handling of Greek bailouts only partial success - EU auditors 16 Nov 2017

BRUSSELS The European Union's handling of three bailout programmes for Greece during the euro zone's financial crisis had several weaknesses and was only partly successful, European auditors said on Thursday.

Photo

At least 15 dead in flash floods on Greek coast 15 Nov 2017

MANDRA, Greece Flash floods killed at least 15 people, made scores homeless and destroyed infrastructure in Greece on Wednesday after a raging torrent inundated two coastal towns west of Athens following a night of heavy rain.

Photo

Greece readies new benchmarks for 30 billion euro debt swap 15 Nov 2017

ATHENS Greece on Wednesday invited holders of about 30 billion euros (£26.9 billion) in its debt to swap 20 outstanding bonds for five new benchmark ones, a move designed to help wean it off reliance on rescue funds and regain full access to financial markets.

Greece, EU to conclude talks on coal-fired plants sale this month - minister 15 Nov 2017

ATHENS Greece and the European Union are expected to wrap up talks on which coal-fired plants the country will put up for sale in line with an EU court ruling this month, Greek energy minister said on Wednesday.

Photo

Greece to distribute 1.4 billion euros to citizens hit by austerity 13 Nov 2017

ATHENS Greece will distribute 1.4 billion euros as a social dividend to pensioners and others hit hard by the country's austerity programmes, Prime Minister Alexis Tsipras said on Monday.

Exclusive - Greece's Energean weighs IPO to fund Israel gas plan: sources 13 Nov 2017

LONDON/ATHENS Greek energy firm Energean is considering listing on the London stock exchange to raise cash for a $1.5 billion (£1.1 billion) development of gas fields off Israel's coast, sources familiar with the matter told Reuters.

Photo

Greece's Tsipras says debt relief discussion to follow review 08 Nov 2017

ATHENS Discussions on the long-term sustainability of Greece's debt are expected to start after the conclusion of a review of reforms by its lenders, Prime Minister Alexis Tsipras said on Wednesday.

ECB's Nowotny backs turning ESM into IMF-styled rescue fund 03 Nov 2017

LONDON Veteran European Central Bank policymaker Ewald Nowotny has backed turning the European Stability Mechanism (ESM) into a IMF-styled lender and for it to take over from the ECB in Greece's bailout programme.

Photo

ESM chief - We'll see in August 2018, if Greece needs more debt relief 02 Nov 2017

NICOSIA Greece's official lenders will be able to determine if Athens needs further debt relief only in the summer of next year, the head of Europe's rescue fund (ESM) said on Thursday.