Greece debt crisis: Varoufakis says bailout 'won't work'

Former Greek finance minister Yanis Varoufakis has said the latest Greek bailout deal "is not going to work". Mr Varoufakis, speaking on the BBC's World at One, said that others negotiators in Tuesday's agreement felt the same way.

Greece's secret plan to hack its own tax system

Greece's former finance minister was ready to hack into the country's tax collection system as part of contingency planning for a possible exit from the euro.

Emerging Currencies Drop, Led by Forint, After Greece ‘No’ Vote

The Hungarian forint and the Romanian leu led emerging-market currencies lower as Greece’s rejection of austerity measures heightened the chance the nation will exit the euro, damping demand for riskier assets.

What Crisis? Stronger Banks, Economies Ease Fear Over Greece

The prospect of a Greek crackup isn't so terrifying anymore.

Greece gets little sympathy from poorer neighbors

Throughout months of acrimonious haggling with creditors, Greece's left-wing government has cast itself as the victim of an elitist financial and political order beholden to Europe's stingy rich, notably Germans.

Greek debt talks haunted by ghost of Argentina

Buenos Aires (AFP) - With Greece in danger of tumbling into the economic abyss it faces the haunting memory of Argentina in 2001, when the South American country defaulted on nearly $100 billion and was plunged into a crisis it is still battling back from.

Chinese stocks see worst weekly fall since 2008

Chinese markets have suffered their worst weekly performance since the financial crisis due to a flurry of initial public offerings (IPOs) and concerns about stricter trading rules.

Greece Just a Distraction With Fed Rate Hike Looming, UBS Says

As negotiations over Greece rattle traders, the more significant event that will dictate the future of equity markets is the first Federal Reserve interest-rate increase in nine years, UBS Group AG says.

The ECB's in a Tight Spot Over Greece

European Central Bank policy makers will discuss Greek bank aid on Wednesday in a chore that is getting more uncomfortable every week.

Greece Aid Accord Looks Elusive as Tsipras Sticks to Red Lines

An agreement between Greece and its international creditors to unblock financing and avert a default looked elusive after Greek Prime Minister Alexis Tsipras said he won’t strike a deal at any cost.

Varoufakis refuses any bailout plan that would send Greece into ‘death spiral’

Greece’s embattled finance minister, Yanis Varoufakis, stepped up his war of words with eurozone policymakers on Thursday, saying he wished his country still had the drachma, and would not sign up to any bailout plan that would send his country into a “death spiral”.

European Stocks Slide Amid Greek Aid Talks as Bonds Deepen Rout

European stocks fell for the first time in four days as investors watched developments in Greek bailout talks and euro-area government bonds slid.

G-20 Says Volatile Currencies Pose Risk After Dollar Surges

Global finance chiefs identified volatile currencies as a threat to an improving world economy, signaling for the first time that they may be concerned by a surging U.S. dollar.

It's Time for the Eurozone to Let Greece and Tsipras Go

NEW YORK (TheStreet) -- Fish or cut bait, Alexis Tsipras, your 15 minutes of headline fame are up. The Greek Prime Minister Tsipras needs to decide whether he is serious about linking arms with the rest of the Eurozone and, if not, move on to handle the fallout of leaving it.

Greek finance ministry hits back at German newspaper report

ATHENS (Reuters) - Greece's finance ministry dismissed on Sunday a report by a German newspaper which said that euro zone officials were shocked at Greece's failure to outline plans for structural reforms at last week's talks in Brussels.

Greece demands €279bn from Germany in Nazi war reparations

Germany's economy minister branded Greece's demand for 278.7 billion euros in reparations from World War Two as "stupid" on Tuesday, while the German opposition said Berlin should repay a forced loan dating from the Nazi occupation.

IMF admits: we failed to realise the damage austerity would do to Greece

The International Monetary Fund admitted it had failed to realise the damage austerity would do to Greece as the Washington-based organisation catalogued mistakes made during the bailout of the stricken eurozone country.

Merkel insists she wants Greece to remain in eurozone

Angela Merkel has insisted that she is confident Greece will be able to maintain its membership of the European single currency as she moved to distance herself from reports that she is willing to accept a Greek exit.

Bailouts still key issue as eurozone finance ministers meet

Eurozone finance ministers meet in calmer times Friday but still need to ensure bailed-out member states meet their targets amid growing speculation some will need more help to get back on track.

Greek premier Antonis Samaras says economic pain will ease next year

ATHENS: Greece's economic pain will ease in 2014 as it exits a recession that will be less acute than forecast this year, helping the country meet its bailout targets, Prime Minister Antonis Samaras said on Saturday.