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43 MINS AGO - The Guardian

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Greece needs wide debt relief to avoid permanent depression, thinktank warns

NIESR claims that a haircut of 55% on Greek debt is needed to give the country a chance of reducing its debt to 120% of GDPGreece’s economy will suffer fresh damage from the austerity measures demanded by its creditors and will remain stuck in permanent depression unless it receives substantial debt relief, one of the UK’s leading thinktanks has warned.The ...

Tags: Greece needs wide debt relief to avoid permanent depression, thinktank warns,  Greece Latest News

4 HOURS AGO - Yahoo! News

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Greece and lenders strike upbeat tone, deal seen on bailout

By Angeliki Koutantou and Lefteris Karagiannopoulos ATHENS (Reuters) - Both Greece and its lenders said on Tuesday they were optimistic they could broker a deal within days on a multi-billion euro bailout, striking a surprisingly upbeat tone on a process previously fraught with bitterness. A bailout worth up to 86 billion euros ($94.5 billion) must be settled by Aug. 20 ...

Tags: Greece and lenders strike upbeat tone, deal seen on bailout,  Greece Latest News

5 HOURS AGO - Reuters

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Pledge to accept asylum seekers sparks protest in Latvia

RIGA (Reuters) - Hundreds of Latvians protested on Tuesday against a government decision to accept 250 asylum seekers over the next two years as part of a European Union plan to deal with migrants flooding into Greece and Italy.

Tags: Pledge to accept asylum seekers sparks protest in Latvia,  Greece Latest News

6 HOURS AGO - Yahoo! News

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Greece upbeat about bailout deal, sees one within two weeks

By Angeliki Koutantou and Lefteris Karagiannopoulos ATHENS (Reuters) - Greece expects to conclude a multi-billion-euro deal with international lenders within two weeks, officials said on Tuesday, and its finance minister said talks were going better than expected. A bailout worth up to 86 billion euros ($94.5 billion) must be settled by Aug. 20 -- or a second bridge loan agreed ...

Tags: Greece upbeat about bailout deal, sees one within two weeks,  Greece Latest News

6 HOURS AGO - Yahoo! News

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EU spokeswoman hails progress in Greek bailout talks

The European Commission is encourage by progress in negotiations with Greece on a third international bailout and believes a deal is possible in time to meet an Aug. 20 payment due to the European Central Bank, a spokeswoman said on Tuesday. In a statement emailed to Reuters in response to a comment by Greek Finance Minister Euclid Tsakalotos that discussions ...

Tags: EU spokeswoman hails progress in Greek bailout talks,  Greece Latest News