site.news_by_theme Greece

Greek banks will remain closed until Monday, the finance ministry said as the government raced to come up with a new proposal to present to creditors in a last-minute drive to avert a eurozone exit.

Greece's economic turbulence is dominating political debate in Spain ahead of a year-end general election, with the ruling conservatives pointing to Syriza's difficulties to discredit its Spanish ally Podemos.

German Chancellor Angela Merkel said that there was still no basis for talks on a new Greek bailout, as she arrived in Brussels for an emergency summit of eurozone leaders.

European Commission head Jean-Claude Juncker said he was against an exit by Greece from the euro, even though Greeks massively rejected bailout terms in a referendum this weekend.

France can't take the risk of Greece leaving the eurozone, which would have an effect across the globe, the prime minister said on Tuesday.

International Monetary Fund chief Christine Lagarde said that the global crisis lender would assist Greece if asked, a day after Greek voters rejected a prior bailout plan.

Greek Foreign Minister Nikos Kotzias ruled out his country's exit from the EU and called for calm after Greek voters rejected bailout terms of international creditors.

German Chancellor Angela Merkel arrived for a meeting with French President Francois Hollande to take stock of Greece's resounding rejection of its international creditor's bailout proposals in a referendum.

The euro rose after Greece's Finance Minister Yanis Varoufakis announced his shock resignation, just hours after the cash-strapped nation rejected creditors' austerity demands in a landmark weekend referendum.

Yanis Varoufakis, Greece's finance minister resigned despite the government having secured a resounding victory in a weekend referendum.

More than 61 percent of Greek voters rejected fresh austerity demands by the country's EU-IMF creditors in a historic referendum.

Greece has moved a step closer towards a eurozone exit as early results from a crucial bailout referendum suggested Greeks had overwhelmingly rejected creditors' demands for more austerity.

Greece will have to introduce another currency if it votes 'No' in Sunday's referendum on its potential bailout terms, European Parliament president Martin Schulz said.

EU president Donald Tusk urged the bloc to avoid sending any "dramatic messages" even if the Greeks were to vote against bailout conditions in their weekend referendum.

Greek banks have enough liquidity up to their reopening as expected early next week after the country's bailout referendum at the weekend.

Kazakh experts have shared their opinions about the effect of the Greek debt crisis on Kazakhstan’s economy.

Greece will not exit the eurozone regardless of the outcome of the country's referendum this weekend, Italian Prime Minister Matteo Renzi said.

Greece needs 50 billion euros over the next three years, including 36 billion euros more from EU lenders, to stabilize its finances even under existing creditor plans.

Greek Prime Minister Alexis Tsipras vowed to press ahead with a controversial bailout referendum as European leaders ruled out any fresh debt offer before Sunday's vote.

The International Monetary Fund said that allowing a borrower to delay repayment, as Greece has requested, is generally ineffective in helping a country overcome crisis.