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Bailout News

Amid pressure, bailout critic is new Greek finance minister

ATHENS, Greece (AP) — Greece's new left-wing prime minister, Alexis Tsipras, picked an outspoken bailout critic as his new finance minister Tuesday, signaling his resolve to take a tough line with eurozone lenders in an effort to write off a massive chunk of rescue debt.

Greece names hardline anti-bailout finance minister

Greece named hardline leftwing economist Yanis Varoufakis as finance minister, handing him the pivotal task of renegotiating the debt-stricken nation's bailout with international creditors after it voted overwhelmingly to reject years of austerity politics. The appointment of Varoufakis to the potentially explosive role is seen as a signal that the new anti-austerity Syriza-led government will ...

Greek bailout critic named new finance minister

A Greek economist and outspoken bailout critic has been named as finance minister in the country's new left-wing government. The 53-year-old Yanis Varoufakis was named as Prime Minister Alexis Tsipras' ...

Greek bailout in focus as EU parliament head visits Athens

The first European official to visit Greece since the country elected a new left-wing government said Thursday that he expects clashes over how to lighten the country's bailout, but no rash actions from ...

Greek bailout critic says he will be new finance minister

A Greek economist and outspoken bailout critic wrote in a blog post Tuesday that he will be sworn in as finance minister in the country's new left-wing government. The 53-year-old Yanis Varoufakis made ...

Exit poll: Greece's anti-bailout Syriza party wins election

The anti-bailout Syriza party won a clear victory in austerity-weary Greece's national elections on Sunday, according to projections by state-run TV's exit poll, in a historic first for a radical left-wing ...

Athens stocks plunge on fears over bailout repayments

The Athens stock market plunged more than six percent on Tuesday before recovering slightly at the close as investors fretted over whether the new radical left government will renege on Greece's international bailout. The anti-austerity government of Prime Minister Alexis Tsipras, elected Sunday, is set on a collision course with creditors over plans to renegotiate Greece's 240 billion euro ...

Economic powers warn Greece not to renege on reforms

Economic powerhouses Germany and China warned Greece on Thursday against reneging on reforms tied to its massive international bailout, with markets still jittery over fears Athens could default on its debt. Germany, which has shouldered most of the multi-billion-euro EU rescue plan for Greece, said the country's new anti-austerity government could not make changes "to the detriment" of other ...

Bailout critic appointed Greek finance minister, as warnings build over the country's economy

ATHENS, Greece - Greece's new left-wing prime minister, Alexis Tsipras, picked an outspoken bailout critic as his new finance minister Tuesday, signalling his resolve to take a tough line with eurozone ...

Finnish PM says ready to discuss bailout extension for Greece

Finland is ready to discuss extensions for Greece's bailout program if its new government can commit to existing agreements and promised structural reforms, Prime Minister Alexander Stubb said on Monday. "We will not forgive loans but we are ready to discuss extending the bailout program or maturities ... But this will not change the fact that Greece must continue economic reforms," Stubb told ...




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