European Central Bank Squeezes Greek Banks, Tightening Access to Loans

As Greece scrambles to secure a financing deal with Europe before running out of cash, the European Central Bank is tightening the vise on the country’s ailing banks by curtailing access to desperately needed emergency loans.

Greece forecasts it will emerge from recession in 2014

Greece has predicted that it will emerge from its six-year long recession next year, in a sign it may be finally recovering from its debt crisis.

Greece must remain in eurozone, says Finance Minister Yannis Stournaras

ATHENS: Greece must remain in the eurozone, Finance Minister Yannis Stournaras said in an interview published Sunday ahead of a week of crucial meetings between the prime minister and EU officials.

Next Time, Greece May Need New Tactics

The Greek government was able to legally strong-arm most of its private bondholders into accepting the debt reduction deal it completed Friday. But next time — and experts predict there will almost certainly be a next time — Greece might have much less leverage.

Greece now needs €145bn bailout to avoid collapse

Ahead of a crucial parliamentary vote to agree to a series of stark austerity measures designed to meet lenders' requirements, it emerged the so-called Troika of rescuers are preparing to plough more funds into the troubled European nation.