A senior eurozone figure says it’s ‘impossible’ to work with Greece and they’ll miss their deadline for a deal

Greece's bailout negotiations resume again today, and the outlook is no better. According to Süddeutsche Zeitung, one of Germany's biggest newspapers, a senior eurozone official told them that it is "simply impossible" to work with the Greek government.  According to the report the mood in Europe's institutions is between "frustration and resignation," and the official suggests that there will be no deal by the time European finance ministers meet for the Eurogroup Summit on April 24, Read more [...]

Angela Merkel warns Greece that reform plan must add up – business live

All the latest economic and financial news, as the Greek government struggles to persuade its lenders to release much-needed funds before the eurozone crisis erupts againLatest: Merkel discusses Greek situationSummary: Talks resume, but no dealGermany: No reform plan from Greece yetEuropean economic sentiment hits 44-month high Continue reading... Business | The Guardian Read more [...]

Alexis Tsipras: Greece has won a battle but the real difficulties lie ahead

Prime minister says his anti-austerity government now faces its toughest work, in first public reaction since deal made to extend bailout for four monthsThe Greek prime minister, Alexis Tsipras, has said the country has won a significant battle but has yet to win the war, in his first public reaction to the latest deal to keep the debt-stricken nation financially afloat. Addressing Greeks less than 12 hours after the agreement was sealed at an emergency meeting of eurozone finance ministers in Brussels, Read more [...]

Eurozone ministers gather for crucial Greece talks – live updates

Eurozone finance ministers meet in Brussels to decide whether to accept or reject Greece’s bailout proposals 3.18pm GMT Austria’s finance minister said there was still much to discuss as he arrived for the eurogroup meeting in Brussels. Hans Joerg Schelling said the Greek proposals left much to interpretation, suggesting clarity and more detail would be needed before an agreement is possible.Austria’s Schelling: “We have a letter. This letter has many sentences with much space for interpretation. Read more [...]

Greece not out of the woods as Merkel visits

Six months ago, during a visit to Berlin by Greek Prime Minister Antonis Samaras, German Chancellor Angela Merkel praised Athens for its reform efforts, underscoring in particular the so-called "primary surplus" in the Greek budget. For the first time in 11 years the Greek government took in more revenue than it spent; that is, if one leaves out the interest from its old debts. The upcoming visit to Athens by Merkel on Friday (11.04.2014) is seen by Greek Foreign Minister Evangelos Venizelos as proof Read more [...]

Greece hit by anti-austerity general strike, as government prepares five-year bond sale – business live

Unions in Greece have called a national walkout in protest at its austerity measures, as Athens prepares to hold its first long-term bond sale since its debt crisis erupted Latest financial, market & economic news and analysis | The Guardian Read more [...]

Greece: darkness at dawn | Editorial

It is hard to avoid the conclusion that the political violence many predicted after economic meltdown is becoming a realityPavlos Fyssas, the anti-fascist hip-hop artist, is not the first person to be stabbed to death by supporters of Greece's far right Golden Dawn party. Few Greeks may now recall the name of the Pakistani worker, Shehzad Luqman, who was also stabbed after a confrontation in the street in January. Golden Dawn's tactic is to deny any link with the perpetrators of these crimes. But Read more [...]