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World

Greece starts talks on potential aid with EU, IMF

ATHENS (Reuters) - Greece started talks with EU and International Monetary Fund officials on Wednesday to hammer out details of an economic plan that could offer the euro zone member 40-45 billion euros to exit a debt crisis.

Business

Scepticism over IMF’s Greece role

FRANKFURT: European Central Bank (ECB) heavyweight Juergen Stark said he is sceptical about International Monetary Fund (IMF) involvement in an aid package for Greece, stressing the fund would have to play by eurozone rules.

World

Polish president hailed as statesman, friend

BERLIN (Reuters) - World leaders expressed shock and sorrow on Saturday over Polish President Lech Kaczynski's death in a plane that crashed on approach to a Russian airport.

World

Greeks see EU safety net as mixed blessing

ATHENS (Reuters) - The safety net thrown to Greece gives it crucial breathing space to persuade sceptical markets of its commitment to fiscal reform, but it will continue to carry the cost of reviving its crippled economy alone, analysts say.

World

Germany's Merkel feted at home for "win" on Greece

BERLIN (Reuters) - Chancellor Angela Merkel won widespread praise in Germany on Friday for playing hardball with her euro zone allies and securing tough terms for the financial safety net they agreed to create for Greece.

World

Greeks see EU safety net as mixed blessing

ATHENS (Reuters) - The safety net thrown to Greece gives it crucial breathing space to persuade sceptical markets of its commitment to fiscal reform, but it will continue to carry the cost of reviving its crippled economy alone, analysts say.

World

Europe agrees on Greek safety net with IMF role

BRUSSELS (Reuters) - Euro zone leaders agreed on Thursday to create a joint financial safety net with the IMF to help debt-ridden Greece and to try to restore confidence in their common currency after weeks of wrangling.

World

Greeks see no quick fix from EU safety net

ATHENS (Reuters) - The safety net thrown to Greece is no panacea and prospects of an IMF bailout still loom, local experts believe, but Greeks hope the promise of EU support will afford them breathing space to revive their crippled economy.

Business

Eurozone agrees on bailout plan for Greece

BRUSSELS (AP): Heavily indebted Greece won a major pledge of financial support from the other countries that use the euro and the International Monetary Fund in a deal that aims to halt the government debt crisis undermining Europe's currency union.

World

Barroso presses Merkel on Greek aid, Athens warns

BERLIN/ATHENS (Reuters) - The head of the European Commission challenged German Chancellor Angela Merkel to rise above domestic politics and agree on a financial safety net for debt-stricken Greece to help preserve European monetary union.