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Lawyers’ advice to corporate clients is frank: Remove cash and other liquid assets from Greece and prepare to take a short-term hit on any other investments.
BRUSSELS (Reuters) - European Union leaders, advised by senior officials to prepare contingency plans in case Greece decides to quit the single currency, urged the country to stay the course on austerity and complete the reforms demanded under its bailout program.
As the star of Alexis Tsipras continues to rise, Greece’s elite have even greater reason to lie low. A few, however, are stepping up with donations and ideas on addressing the debt crisis.
CAMP DAVID, Maryland (Reuters) - World leaders backed keeping Greece in the euro zone on Saturday and vowed to take all steps necessary to combat financial turmoil while revitalizing a global economy increasingly threatened by Europe's debt crisis.
A telephone conversation on Friday between Germany’s chancellor and Greece’s president became the latest flashpoint in the unfolding crisis over Greece’s membership in the euro.
ATHENS (Reuters) - Greek voters are returning to the establishment parties that negotiated its bailout, a poll showed on Thursday, offering potential salvation for European leaders who say a snap Greek election next month will decide whether it must quit the euro. The poll, the first conducted since talks to form a government collapsed and a new election was called for June 17, showed the conserv
Greece’s caretaker prime minister on Thursday appointed a mix of veteran politicians and eminent economists to act as a temporary cabinet until the June 17 general election.
Money has been fleeing Greece for more than two and a half years. But the outflow has picked up since last week’s election raised the specter of Greek default.
ATHENS (Reuters) - Greek political leaders meet on Wednesday to form a caretaker government that will lead the country into its second election in just over a month, with Greece's euro membership at stake in a mounting crisis rocking world markets. Parties deeply divided over an unpopular EU-IMF rescue plan threw in the towel on Tuesday after nine days of failed attempts to put together a coaliti
A growing number in Greece argue that they can keep the euro and reject harsh budget measures.
Greek political leaders appeared unable to break a deadlock left by inconclusive general elections last Sunday, suggesting that a second round of polls may be inevitable.
Alexis Tsipras, the leader of the party Syriza, hopes to ride a tide of anti-austerity sentiment to break from four decades of ossified two-party government in Greece.
Asian stock markets were lower Friday as traders eyed political upheaval in Greece and signs of slowing economic growth in China.
The political disarray in Greece raised further doubts on Tuesday about the country’s future in the euro zone, as well as fears about the stability of the common currency itself.
Germany’s devotion to the euro runs extremely deep, but there is a growing conviction that it is up to Greece to follow through on its commitments and that Europe is done negotiating.
ATHENS (Reuters) - Greece's Left Coalition party will get an historic chance on Tuesday to form a government opposed to the country's EU/IMF bailout, after the mainstream conservatives failed to cobble together a coalition following a shock inconclusive election. Alexis Tsipras, whose party was catapulted into second place by voters angry with austerity, will take on the tough task of wooing smal
A day after the election, the prospect of the country leaving the euro zone loomed large.
Greece was facing the prospect of fresh elections after the party that finished first in Sunday's vote failed to form a coalition to steer the heavily indebted country through the next round of negotiations with its international creditors.

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