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EURCHF: Making a six-month high

Euro zone finance ministers gave their final approval to lending Greece up to 86 billion euros after the parliament in Athens agreed to stiff conditions overnight. 217 more words


Greece's bailout expires, country defaults on IMF payment

Greece slipped deeper into its financial abyss after the bailout program it has relied on for five years expired at midnight Tuesday and the country failed to repay a loan due to the International Monetary Fund, deepening fears over whether it will be able to remain in the eurozone. 565 more words

In The News

#GreeceDebtCrisis ' Tsipras letter asking for New 2-Year Bailout Agreement from ESM '

#AceNewsReport – GREECE Update: June.30: The Greek government has asked for a new bailout program from the European Stability Mechanism (ESM), that’ll cover all the country’s financial needs for the next two years, according to the government statement. 364 more words


Greece asks for new bailout — its third — at 11th hour

Athens applies to European Rescue Fund for loans in return for debt relief as midnight bail-out expiry looms

‘No’ protestors gathered in Greece’s Syntagma Square on Monday night six days before a referendum will be held Photo: 2015 Getty Images… 732 more words

Greece on Tuesday asked for a new bailout -- Is the 3rd bailout the charm? Last-minute diplomatic push

Published: June 30, 2015 11:02 a.m. ET

Greek Prime Minister Alexis Tsipras. Reuters photo

Greece on Tuesday asked for a new bailout amid a last-minute diplomatic push to seal some kind of agreement before the country’s current rescue deal expires and it defaults on a payment to the International Monetary Fund. 152 more words

Yanis Varoufakis has a point - the Greek debt crisis is mostly about the collapse of NGDP

The Greek Finance Minister Yanis Varoufakis has a new article for Project Syndicate. He is making a point that Market Monetarists have been making since the outbreak of the… 859 more words

Euro Crisis