Syriza plans programme to ease 'negative' impact of Greek bailout

Athens (AFP) - Greece's ruling radical left Syriza party is preparing a "parallel" programme to help ease the "negative consequences" of the tough austerity reforms that were required to obtain its latest international bailout, the government said Tuesday.

Schaeuble Says Some in German Government Would Prefer Greek Exit

Chancellor Angela Merkel’s government is split on whether Greece’s continued euro membership is the best way forward for the country, German Finance Minister Wolfgang Schaeuble told reporters in Brussels on Tuesday.

Italian, Spanish, Portuguese yields jump after Greeks vote 'No'

LONDON, July 6 (Reuters) - Italian, Spanish and Portuguese bond yields rose just over 10 basis points on Monday after an overwhelming Greek vote against EU-prescribed austerity measures that could set Athens on a path out of the euro zone.

Hollande Says Greek Deal Possible as Merkel Sees No Progress

French President Francois Hollande held out the prospect of a deal for Greece even as German Chancellor Angela Merkel said negotiations looked to be going backward.

Greece's latest attempt to reach deal with creditors collapses

Last-ditch talks aimed at breaking the impasse between Athens and its international creditors have collapsed in acrimony with European Union officials dismissing Greece’s latest reform package as incomplete in a step that pushes the country closer to leaving the eurozone.

Tsipras to Address Lawmakers After Stakes Raised in Showdown

Greek Prime Minister Alexis Tsipras is preparing to address lawmakers after raising the stakes in his country’s showdown with creditors by rejecting demands for more austerity and opting for a deferral of IMF payments.

After Bailout Plan Approval, Greece Faces a Balancing Act

BRUSSELS — Eurozone finance ministers on Tuesday approved Greece’s plan meant to ease the hardships created by its international bailout, extending that loan program by four more months.