eurozone

Greece Says It Has Reached Bailout Agreement With Creditors

6:10pm August 20, 2015

by Laura Wagner

The deal in principal would provide for loans of 86 billion euros over three years in exchange for essentially an overhaul of Greece's economy. The accord still needs eurozone political approval.

Greek Banks Reopen With Limits Still In Place

3:30pm July 20, 2015

by Krishnadev Calamur

Also today, Greeks were greeted by higher prices on basic goods because of a eurozone-imposed sales tax of between 13 and 23 percent.

People read the front pages of various newspapers hanging at a kiosk Tuesday in central Athens. European leaders have set a Sunday deadline for Greece to reach a deal on debt repayment and austerity measures.

As Government Hunts For A Solution, Greeks Anticipate Catastrophe

1:59pm July 09, 2015

by Joanna Kakissis

Greek banks have been closed for more than a week, and it's unclear when they will reopen. Many Greeks are worried that if the banks collapse, they will lose everything.

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Greek Finance Minister Yanis Varoufakis walks toward his motorcycle following a meeting with Prime Minister Alexis Tsipras in Athens, Greece, on March 15. Varoufakis said Monday he was resigning, a day after Greeks voted to reject terms of a bailout impos

Greece's 'Erratic Marxist' Leaves Legacy Of Sound Bites

8:26pm July 06, 2015

by Krishnadev Calamur

Yanis Varoufakis railed against the terms imposed on Greece by its creditors and his negotiating partners. In his resignation letter, he said he "shall wear the creditors' loathing with pride."

Greeks stand outside of a local school in Athens that served as a voting station.

After Rejecting Bailout Plan, Greece's Economic Future Is 'Invisible'

11:23pm July 05, 2015

by Chris Arnold

Greek voters turned down a bailout offer from European leaders on Sunday. Both before and after the votes were counted, Greeks were divided over how the outcome would affect the country's future.

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Greece Seeks New Bailout From Eurozone, Misses Loan Payment

7:13pm June 30, 2015

by Krishnadev Calamur

The Greek government, as expected, didn't make the payment that was due Tuesday. It's asking its international creditors to provide more cash, while easing up on austerity demands.

Pensioners, who usually get their payments at the end of the month, wait outside a closed bank in Thessaloniki, Greece, on Monday. Greece's government announced capital controls, and the country's banks remained closed Monday.

European Leaders Warn Greeks On 'No' Vote In Referendum

4:30pm June 29, 2015

by Krishnadev Calamur

They say a rejection of bailout terms would mean leaving the eurozone. The Greek government has urged its citizens to vote "no." The country is one day away from failing to make an IMF loan payment.

Belgium's plan to honor the Battle of Waterloo displeased France. In this photo, an enthusiast dressed as a member of the French army stands next to a cannon before the re-enactment of the famous battle.

World News

France Wins Battle Against Belgium's Plan For A Waterloo Coin

6:54pm March 13, 2015

by Bill Chappell

A two-euro coin commemorating the bicentennial of Napoleon Bonaparte's defeat will not be widely released, after France objected to what it called a "negative symbol."

Eurozone Approves Greek Overhaul Plan

11:47am February 24, 2015

by Krishnadev Calamur

The Greek plan would keep Athens' budget under control while spending more on social programs. European ministers agreed to extend financial assistance by four months, but the IMF was more skeptical.

A man passes a graffiti in central Athens Friday, as Eurozone finance ministers consider Greece's request to extend the bailout loans that have kept its government afloat.

World News

Greece Reaches Deal With EU To Extend Loan Terms

3:14pm February 20, 2015

by Bill Chappell

Athens gets an extension of four months on the terms of the EU bailout, ending for the short-term the danger that it will default and be forced out of the Eurozone.