Eurozone bailout

A European Union (EU) flag flutters in front of the temple of the Parthenon in Athens, Greece, on Saturday. Finance ministers on Friday approved the first 26 billion euros ($29 billion) of a vast new bailout package for Greece.

Eurozone OKs Greek Bailout Deal, Extending Financial Lifeline

1:25pm August 15, 2015

by Scott Neuman

Finance ministers for the 19-nation common currency union approved the first tranche of an 86 billion euro package, the third such emergency deal in five years.

Greek Prime Minister Alexis Tsipras looks at his watch as he speaks to a marathon parliamentary session in Athens on Friday. A bitterly divided Parliament approved a draft bailout agreement with international lenders.

In Long, Raucous Session, Greek Parliament OKs Draft Bailout

1:55pm August 14, 2015

by Scott Neuman

The approval came despite a rebellion within the ranks of the ruling leftist party over harsh austerity measures imposed in exchange for the $93 billion deal.

Former Greek Finance Minister Yanis Varoufakis reacts during a parliamentary session in Athens, earlier this week. In an interview with the BBC, Varoufakis said reforms in exchange for new bailout money "will fail."

Greece's Ex-Finance Minister: Bailout Reforms Will 'Fail'

10:49am July 18, 2015

by Scott Neuman

Yanis Varoufakis, who was forced to resign as a condition for concluding a financial rescue deal, says the latest austerity program will "go down in history" as a disaster.

Greece's hopes for reaching a new compromise with Eurozone members on the terms of its loans are seen as hinging on promises to reform its economy — and submit to outside inspections.

World News

Greece Seeks To Extend Eurozone Loans, As Deadline Looms

10:05am February 19, 2015

by Bill Chappell

With the bailout package that has kept Greece's economy afloat set to expire in just over a week, the country has formally asked Eurozone members for a six-month extension.

Alexis Tsipras, center, leader of Greece's Syriza left-wing main opposition waves to his supporters after voting at a polling station in Athens on Sunday.

Anti-Austerity Leftists Win Greek Election

8:12am January 26, 2015

by Scott Neuman

The leftist Syriza party, which has vowed to roll back EU-mandated austerity measures, have edged out the ruling center-right party of Prime Minister Antonis Samaras.