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Prime Minister Alexis Tsipras is struggling to contain a rebellion in his leftwing Syriza party

Monday start for Greek bailout talks after delay

Talks between Greece and its international creditors over a new bailout package should go-ahead on Monday after logistical issues that delayed meetings this week are resolved.

News • 25 Jul 15

Officials say talks cannot begin until the right location is found, given the talks' sensitivity and the wide public anger about austerity policies

Greece submits official request for IMF loan

Greece has submitted an official request to the International Monetary Fund for a new loan as it seeks a huge third bailout from its creditors, the finance ministry said.

Business • 24 Jul 15

Greece's prospects of securing the bailout will be decided in the Greek parliament

Tspiras seeks to quell Syriza bailout rebellion

Greek Prime Minister Alexis Tsipras sought to contain a rebellion in his left-wing Syriza party ahead of a vote on a second package of reforms required to start talks on a rescue deal.

News • 23 Jul 15

Alexis Tsipras will be required to push legislation through parliament to convince euro zone members to release funds to avert a state bankruptcy

Greece must enact key reforms to secure debt deal

Eurozone leaders have told near-bankrupt Greece at an emergency summit it must enact key reforms this week to restore trust before they will open talks on a financial rescue to keep it in the euro.

News • 12 Jul 15

The IMF said the country's economic recovery was in full swing, but problems still remained

Public sector wage growth should be gradual - IMF

The International Monetary Fund has warned the Government that any increases in public sector wages should be gradual and efficiencies should be continued.

Business • 22 Jun 15

Positive growth rates in hotels, trade, restaurants, electricity and communication services in Cyprus in Q1

Cyprus GDP grows for first time since 2011

Recession-hit EU member Cyprus notched up its first positive growth in almost four years as GDP rose 1.5% in the first quarter, official figures showed today.

Business • 09 Jun 15

Greece has been working the past to unlock some €7.2bn in bailout cash

Greek reform proposals 'not enough': IMF economist

The budget reforms that Greece has proposed are not enough to ensure a surplus this year, the IMF's chief economist Olivier Blanchard has told a French financial newspaper Les Echos.

News • 25 May 15

EU president Donald Tusk said he does not foresee any breakthrough before Easter

Greek bailout deal possible by end of April

European Union president Donald Tusk has said a new Greek bailout deal is possible before the end of April, but says it will not come before Easter.

News • 31 Mar 15

The reforms Athens will propose will not contain recessionary measures but structural changes, government spokesman says

Greece promises list of reforms by Monday

Greece said it will present a package of reforms to its euro zone partners by next Monday in hope of unlocking aid to help it deal with a cash crunch.

Business • 24 Mar 15

IMF's Christine Lagarde says Greece needs to reduce its fiscal deficit

Greece must implement structural reforms - Lagarde

Greece needs to implement structural reforms, International Monetary Fund Managing Director Christine Lagarde said today.

Business • 16 Mar 15

Cyprus has received around €6 billion in bailout funding so far

Cyprus 'will not need to use full bailout fund'

Cyprus will not need all of the €10bn bailout it received in 2013 as its economy recovers faster than expected, the country's finance minister has said.

Business • 13 Mar 15

Leftist Prime Minister Alexis Tsipras had vowed to scrap the bailout agreement

Eurozone backs Greek reform plan

Greece secured a four-month extension of its financial rescue today when its eurozone partners approved a reform plan.

News • 24 Feb 15

Greece has been given until Friday to accept an extension of its current bailout agreement

Greece may seek loan agreement extension

A war of words between Greece and Germany escalated this evening with Greek Prime Minister Alexis Tsipras rejecting what he called "blackmail" to extend an international bailout and vowing to rush through laws to reverse labour reforms.

News • 17 Feb 15

Cypriot gross domestic product shrank by 0.7% in the last three months of 2014

Cyprus slips deeper into recession

Cyprus's recession deepened in the fourth quarter of 2014 as gross domestic product shrank by 0.7% from the previous three-month period.

Business • 13 Feb 15

Standard and Poor's has warned Athens it has a limited time to reach a deal with creditors

Standard & Poor's downgrades Greece

Standard and Poor's has downgraded Greece's credit rating to B-, just one notch above the range indicating vulnerability to a default.

Business • 06 Feb 15

Cyprus says improved trust from international markets and confidence in the financial system had allowed easing of controls

Cyprus scraps control on sending money abroad

Cyprus today scrapped its last controls on businesses transferring funds abroad, another step toward abolishing draconian measures imposed in 2013 to avoid a run on banks.

Business • 09 Jan 15

Michael Fuchs suggested the troika would cut funding to Greece if it tried to row back austerity

EU 'no longer obliged' to rescue Greece: German MP

Euro zone politicians are not obliged to rescue Greece as the country is no longer of systemic importance to the single currency bloc, a senior German MP has said.

Business • 31 Dec 14

The extension is designed to give Greece time to fix a number of issues with its budget, as well as apply for a precautionary credit line

Greece gets two-month extension on bailout

Euro zone finance ministers have provisionally granted Greece a two month "technical extension" to its €245bn bailout.

Business • 08 Dec 14

The letters were sent by Jean-Claude Trichet and late finance minister Brian Lenihan

Irish domestic crisis caused bailout: ECB

The European Central Bank has published four letters relating to contacts between the ECB and the government in the run-up to the bailout in November 2010.

News • 06 Nov 14

Greece's bailout support of €240 billion began in May 2010

Greece unlikely to end bailout without new help

Greece is "highly unlikely" to end its euro zone bailout programme without some new form of assistance that will require it to meet targets, a senior EU official said today.

Business • 03 Nov 14

MEP Seán Kelly says publication of the ECB letter will lead to a 'clear and comprehensive picture'

Decision on Lenihan letter at next ECB meeting

Fine Gael MEP Seán Kelly has said it now appears to be a question of when - not if - the ECB will release the letter sent to Brian Lenihan on the eve of the Irish bailout.

Business • 28 Oct 14

Olli Rehn says he will consider any request to testify once the banking inquiry begins

US involvement in IMF bailout confirmed

The former EU finance commissioner, Olli Rehn, has confirmed that former US treasury secretary, Timothy Geithner, was involved in discussions that led to Ireland entering an EU-IMF bailout programme.

News • 27 Sep 14

Greece has relied on a €240 billion EU/IMF financing package since the second half of 2010 to stay afloat

Greece will not need third bailout- Samaras

Greece is beating its fiscal targets and will not need a third bailout from its international creditors, Prime Minister Antonis Samaras said at the weekend.

Business • 15 Sep 14

Euro zone and EU finance ministers are in Milan for a two-day informal meeting

Euro zone agreement on IMF loan repayment - Noonan

The Government has secured "political agreement" from euro zone finance ministers to repay most of its IMF loans back early, according to the Minister for Finance.

News • 12 Sep 14

Michael Noonan is pushing the case for the Government's plan in Europe this week

EU Commissioner 'supportive' of Irish debt plan

The EU Commissioner for Economic and Monetary Affairs has indicated his support for Ireland's plan to repay part of its bailout loan early, according to Minister for Finance Michael Noonan.

News • 08 Sep 14

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