Greece

Greek Proposals Raise Hope Of Deal On Bailout

A Greek proposal could pave the way for another installment of a multibillion-dollar bailout. The move could stave off a Greek default on its debt and prevent the country from exiting the eurozone.

Eurozone Approves Greek Overhaul Plan

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.