Greece
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Greek lawmakers back bailout reform plan
World | Jul 11, 2015, 08:15 AM ISTAthens: Greece's parliament backed the government's reform plan containing austerity measures to win a third bailout early today, but with the government suffering significant losses from dissenting lawmakers.The motion, which sought to authorise the government
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Greece extends closure of banks
World | Jul 09, 2015, 10:10 AM ISTAthens: The Greek government has extended bank closures and a 60 euro($66) daily limit on ATM withdrawals until Monday, media reported on Thursday."The bank holiday is extended to July 13," the finance ministry said in
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IMF to not bend rules over Greece debt issue
Jul 09, 2015, 09:14 AM ISTWashington: The International Monetary Fund (IMF) Managing Director Christine Lagarde said that the fund will not bend rules on debts owed by Greece but would remain fully engaged in order to help find solution. "Whenever the
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Greece gets until Sunday for proposals to stave off collapse
World | Jul 08, 2015, 10:10 AM ISTBrussels: Frustrated and angered eurozone leaders gave Greek Prime Minister Alexis Tsipras a last-minute chance Tuesday to finally come up with a viable proposal on how to save his country from financial ruin.Overcoming their surprise
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Greek 'no' vote widens gap with partners: European Commission
World | Jul 07, 2015, 09:02 AM ISTBrussels: Vice president of the Euro and Social Dialogue of the European Commission (EC) Valdis Dombrovskis stressed on Monday that Greece's "no" vote in Sunday's bailout referendum widened the gap between the country and its
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Ready to help Greece if asked to do so: IMF
World | Jul 07, 2015, 07:23 AM ISTWashington: The International Monetary Fund (IMF) on Monday said it stands ready to assist Greece if required to do so.IMF managing director Christine Lagarde made the statement following Greece's referendum that rejected a proposal from
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Oil prices plunge amid Greek worries
Jul 07, 2015, 07:16 AM ISTNew York: Oil prices plummeted after Greece rejected debt bailout terms.In a Sunday referendum, more than 61 percent of Greeks voted " NO", rejecting a proposal from international creditors that included pension cuts, tax increases
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Opposition blames MP CM Shivraj Chouhan for Vyapam deaths: Top 5 News Headlines
India | Jul 06, 2015, 10:13 PM ISTVyapam Scam: Opposition ups demand for Chouhan's ouster, BJP backs MP CMNew Delhi/Kolkata/Bhopal: Amid mounting outrage over the Vyapam deaths, Opposition today sharpened its attack on Madhya Pradesh Chief Minister Shivraj Singh Chouhan, demanding his
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Greek Prime Minister Alexis Tsipras thanks finance minister who quit
World | Jul 06, 2015, 09:57 PM ISTAthens: Greek Prime Minister Alexis Tsipras thanked Finance Minister Yanis Varoufakis on Monday for his "ceaseless efforts" to defend the interests of Greece in negotiations with creditors, according to government spokesman Gabriel Sakellaridis.Varoufakis announced his
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Govt says India insulated from Greece fallout; rupee may get hit
Jul 06, 2015, 02:56 PM ISTNew Delhi: With Greeks' rejection of rescue package from creditors spooking markets, the government today asserted that India is well insulated from the crisis but rupee may be affected due to the outward flight of
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Greek finance minister Yanis Varoufakis resigns
World | Jul 06, 2015, 01:02 PM ISTAthens : Greek Finance Minister Yanis Varoufakis on Monday announced his resignation in a statement issued after his compatriots voted “No” in a referendum on bailout conditions, media reported.It comes hours after Greece overwhelmingly rejected
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European Union urges Greek govt to make 'meaningful, possible' proposals for renegotiation
World | Jul 06, 2015, 10:22 AM ISTBrussels: The European Union urged the Greek government to make "meaningful" and "possible" proposals in coming hours for renegotiation, following early results which have shown that Greece overwhelmingly rejected the bloc's bailout offer."The NO side
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Greece enters uncharted territory after referendum 'no' vote
World | Jul 06, 2015, 06:57 PM ISTAthens: Greece lurched into uncharted territory and an uncertain future in Europe's common currency Sunday after voters overwhelmingly rejected demands by international creditors for more austerity measures in exchange for a bailout of its bankrupt
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Referendum on terms of creditor agreement begins in Greece
India | Jul 05, 2015, 11:19 AM ISTAthens: Greek voters on Sunday started casting ballots in a landmark referendum on terms of agreement with creditors on the next deal with the country's lenders.The voting would determine whether Greece would avert a looming
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Greece set to vote in bailout referendum today
World | Jul 05, 2015, 08:51 AM ISTAthens: Greece is set to vote in a referendum on Sunday to decide whether to accept the debt draft deal with international creditors to restart financial aid to the country, or to reject the lenders'
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Greece in billions of financing gap over next 3 years: IMF
Jul 03, 2015, 06:31 AM ISTWashington: Financing needs for Greece could add up to over $55.42 billion (50 billion euros) over the period from October 2015 to end 2018 in order to keep the country afloat, the International Monetary Fund
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No further talks before Greece referendum: Slovak minister
World | Jul 02, 2015, 08:08 AM ISTBrussels: The Eurogroup has decided not to hold further talks before the outcome of Greece referendum on Sunday, Slovak Finance Minister Peter Kazimir tweeted on Wednesday."Eurogroup united in decision to wait for the outcome of
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Greece becomes first developed country to default on IMF
Jul 01, 2015, 02:17 PM ISTWashington: Greece slipped deeper into its financial abyss after the bailout programme it has relied on for five years expired at midnight on Tuesday and the country failed to repay a loan to the International
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Greece to miss IMF debt payment and bailout to expire
World | Jun 30, 2015, 08:28 PM ISTAthens, Greece: Greece is set to become the first developed nation to not pay its debts to the International Monetary Fund on time, as the country sinks deeper into a financial emergency that has forced
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Greece crisis: EU offers last minute deal to Greece as loan repayment deadline ends today
Jun 30, 2015, 05:29 PM ISTAthens: European Union has offered Greece a last-minute deal to ease the debt crisis that is threatening the country out of the euro and weaken the foundations of the European Union's single currency.According to a