'Bad bank' path worn by Ireland and Spain looks steep for Greece

LONDON (Reuters) - Greece is under growing pressure to take care of banks' problem loans so they are free to lend again, but the depth and complexity of its crisis will make it tough to replicate the comprehensive "bad bank" models set up in Ireland and Spain.

Europe Reaches Agreement on New Rescue Package for Greece

European governments agreed on a third aid deal for Greece, signaling a determination to keep the country in the euro and setting aside doubts about its ability to repay its debts.

Europe Index Futures Advance, Signaling Stock Rally to Resume

European index futures climbed, indicating equities will resume a rally that got paused on Tuesday.

Greek debt crisis: IMF wary of third bailout

The International Monetary Fund (IMF) is very wary of any financial contribution to a third Greek bailout.

Eurozone outlook improves, International Monetary Fund says

The outlook for the eurozone has improved, says the International Monetary Fund (IMF), thanks to a falling oil price, a weaker euro and action taken by the European Central Bank (ECB). It predicted that growth would pick up to 1.7% next year, from 1.5% this year.

Greek debt crisis talks stall over choice of hotel

In an inauspicious start to talks over awarding Greece a third bailout, international officials have postponed the negotiations after failing to agree with their hosts where they will stay and how they will operate when in Athens.

ECB Welcomes Greek Bank Resolution Bill With Legal Qualms

The European Central Bank welcomed Greece’s draft legislation to bring its bank-resolution rules into line with European Union law, while warning some provisions could harm the independence of the local monetary authority.

German Investor Confidence Falls a Fourth Month on Greece

German investor confidence fell less than forecast in July, signaling optimism that the economy can cope with any fallout from Greece’s financial crisis.

Eurozone talks on Greece need 'a lot more progress' before possible deal

Talks aimed at preventing Greece from leaving the eurozone and collapsing into bankruptcy are on a knife-edge amid widespread scepticism from the country’s creditors about whether Athens can deliver on its promises.

Greek proposals no basis for further talks, senior German conservative

BERLIN (Reuters) - Greece's latest reform proposals are no basis for further negotiations on a third bailout program, a senior German conservative lawmaker told Reuters on Friday, adding that Greece would do better to aim for a new start with its own currency.

Greek debt relief was not on table during bailout negotiations, says EU official

Debt relief was not on the table during negotiations to extend Greece’s existing bailout programme and agree a package of reforms needed to unlock its remaining funds, according to a senior EU official.

The euro is only headed down: Goldman

Amid Greece's Sisyphean drama, the euro has been like a brick-you can throw it, just not very far.

IMF 'ready to provide assistance' in Greek crisis: Lagarde

Washington :- The International Monetary Fund is carefully monitoring the unfolding financial crisis in Greece and neighbouring countries, and is ready to provide assistance “as needed,” Managing Director Christine Lagarde said today.

Amid cries of blackmail, glimmers of Greek debt hope emerge

Greek Prime Minister Alexis Tsipras accused international creditors of "blackmail" on Friday after euro zone partners warned Athens it had 48 hours to accept a cash-for-reform deal or plunge toward default next week.

Eurozone leaders echo hopes for Greek deal

Eurozone leaders have echoed hopes that a deal can be struck within days to stop Greece defaulting on its debt.

Greece submits fresh plan on eve of EU emergency summit

Greek Prime Minister Alexis Tsipras presented new proposals to European leaders Sunday aimed at ending his country's debt crisis, on the eve of a summit that could determine whether Greece crashes out of the eurozone.

Top European court throws weight behind ECB in fighting crises

LUXEMBOURG/FRANKFURT (Reuters) - The European Central Bank won crucial backing from Europe's top court on Tuesday for its pledge to do whatever it takes to save the euro, defeating a German group's challenge as bloc member Greece edges dangerously close to default.

Germany's bickering Eurosceptics squander chance to cash in on Greek crisis

BERLIN (Reuters) - As Greece stumbles towards bankruptcy, a Eurosceptic party bent on breaking up the euro zone should be enjoying its golden hour; but instead the Alternative for Germany (AfD) is mired in such bitter personal feuding it teeters on the verge of collapse itself.

Greek debt crisis agreement in sight - Tsipras

Greek Prime Minister Alexis Tsipras says talks in Brussels on Greece's debt crisis were "constructive" and he believes "an agreement is in sight".

ECB Keeps Europe’s Bond Traders Guessing on Frontloading Policy

The European Central Bank’s fine-tuning of its bond-buying program is starting to unsettle traders in the region’s debt markets.