Greece Economy

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  European Union, Greece Seek Bailout Deal By Friday

  Greece and its international lenders remained at odds in talks to release fresh bailout loans to Athens on Wednesday as Prime Minister Alexis Tsipras said a deal was needed this week and accused creditors of 'playing games' and causing delays.

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  Challenging Task Ahead For Alexis Tsipras After Poll Victory: Greek Media

  Greek Prime Minister-elect Alexis Tsipras has reaffirmed his dominance on the political landscape, but now faces the challenging task of building consensus in a fractious society traumatised by years of austerity, local media said today.

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  Despite Coalition Efforts, Greece Heads for Polls

  Greece's president formally gave the conservative opposition a chance today to form a new government after leftist Prime Minister Alexis Tsipras resigned, but the country appears almost certain to be heading to an election next month.

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  Greek Newspapers Running Out of Paper

  With banks shut and the economy seizing up, some Greek newspapers like the Empros daily on the island of Lesvos are running out of paper and could be forced to stop sales altogether until the banks open again.

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  For Greece, The Worst Catastrophe Now Would be to Stay in The Eurozone

  A Grexit, with a managed default and devaluation to kickstart recovery, is the only deal that should be on the table.

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  Greece Set to Vote in Crucial Referendum

  Greece heads to the crucial referendum today which could decide not only its own future but also that of Europe.

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  Mass Rival Rallies Ahead of Greece Bail Out Vote, PM Tsipras Urges People to Say 'No'

  Greek Prime Minister Alexis Tsipras addressed a crowd of 25,000 people who flooded the Syntagma Square in Athens on Friday, the last day of campaigning before Sunday's referendum.

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  Moody's Cuts Greece Rating Deeper Into Junk Territory

  Moody's cut its credit rating for Greece to a deep-junk "Caa3" on Wednesday, warning it is now less likely that official creditors will support the country, whatever happens in Sunday's referendum.

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  World Stock Markets Tumble as Greece Crisis Deepens

  Share prices slumped across Europe on Monday as Greece shuttered its banks for a week following a fateful weekend that has shaken Europe's single currency.

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  Greek Prime Minister Alexis Tsipras Attacks Creditors Over 'Absurd' Reforms

  Greece's Prime Minister Alexis Tsipras on Monday attacked the country's creditors for insisting on what he described as "absurd" reforms which have only held up progress in negotiations for a deal aimed at preventing his country from defaulting.

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  Greece Cannot Make Debt Payment to IMF in June, Says Interior Minister

  Greece cannot make debt repayments to the International Monetary Fund (IMF) next month unless it achieves a deal with creditors, its interior minister said on Sunday, the most explicit remarks yet from Athens about the likelihood of default if talks fail.

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  Will Not Compromise with Eurozone: Greek Prime Minister Alexis Tsipras

  A combative Greek Prime Minister Alexis Tsipras said today his government would not succumb to blackmail from its euro zone partners and was in no hurry to reach a new debt agreement.

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  Greek Prime Minister Easily Wins Confidence Vote

  Greek Prime Minister Alexis Tsipras comfortably won a confidence vote on his plan to cancel a deeply unpopular bailout programme and challenge European leaders as both sides prepare for a showdown at meetings in Brussels this week.

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  Alexis Tsipras Sworn In As Greek Prime Minister

  Greek left-wing leader Alexis Tsipras was sworn in on Monday as the Prime Minister of a new hardline, anti-bailout government determined to face down international lenders and end nearly five years of tough economic measures. Greek left-wing leader Alexis Tsipras was sworn in on Monday as the Prime Minister of a new hardline, anti-bailout governmen...

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  Ex-Greek Premier to Form New Party Ahead of Poll

  Former Greek Prime Minister, George Papandreou, revealed plans on Friday to create a new political party - a development that further complicates the landscape in Greece ahead of a snap general election later this month.