Bailout

Chile's middle class to get soft loans under new $1.5B virus bailout

Announcing the new package, Chilean President Sebastian Pinera said the fresh round of stimulus will bailout at least 1 million families suffering from the impacts Covid-19.

European nations struggle to agree on terms of economic aid

European governments are scrambling to put together hundreds of billions of euros to save lives, companies, and families from going bankrupt as countries hit hardest by the virus are also those that can least afford the costs, like Italy and Spain.

Pakistan to begin bailout talks with IMF – finance minister

Finance Minister Asad Umar says the main purpose of the talks with the International Monetary Fund will be a "stabilisation recovery programme" to control the country's economic crisis.

Eurozone creditors reach deal on Greek debt relief

Eurozone ministers agreed to extend maturities by 10 years on major parts of Greece's total debt obligations while the country secured a 15 billion euros ($17.5 billion) loan for a smooth bailout exit in August.

Greek workers strike against bailout reforms

More than 10,000 striking workers, youths and pensioners marched to parliament around noon to protest against a new wave of austerity measures due to begin after the current international bailout expires in August.

Stress test show Greek banks could enter new crisis

Greece's four largest banks, Alpha Bank, Eurobank, the Greek National Bank and Piraeus Bank were stress tested four months before the country exits its bailout programme.

Greece wants 'clean' bailout exit, promises no return to past profligacy

"We won't return to the days of plenty, the spendthrift days," Greek Prime Minister Alexis Tsipras told his lawmakers on Monday. Athens' current bailout, the third since 2010, expires on August 20.

Eurozone approves 5.7 billion euros in cash for Greece

Europe's bailout fund approved a 6.7 billion euro ($8.32 billion) loan installment to Greece with payment of the first 5.7 billion euros ($7.10 billion) expected this week.

Greece, lenders hold final talks before bailout ends

The talks came five months before its multi-billion bailout programme expires. Greece's central bank governor, Yannis Stournaras, warned that the economy would remain under supervision from its European creditors.

Greek parliament approves new reforms bill

Greek protesters in Athens clashed with police who fired tear gas during a strike against voting for further creditor-demanded measures which included family benefits, union strikes and property foreclosures.

Thousands of Greeks protest over right to strike

New reforms, including restrictions on the right to strike, are set to be approved as the country hopes to get more bailout funding.

Macron visits Greece, shares EU vision

Greece considers France a vital ally and counterweight to fiscally hawkish Germany in its efforts to ease the strict terms of its international bailouts.