IMF's Lagarde says euro zone exit would be 'devastating' for Greece

(Reuters) - An exit by Greece from the euro area would be devastating for the country, the head of the International Monetary Fund Christine Lagarde said on Tuesday.

Greece Approves New Austerity Measures

ATHENS — Following two days of intense debate, Greece’s Parliament narrowly approved a barrage of new austerity measures early Thursday, including a contentious plan for thousands of layoffs and wage cuts for civil service workers.

Greece tries to fix economy with cabinet reshuffle amid strikes and protests

On his first day in office with his newly reshuffled cabinet, the Greek prime minister Antonis Samaras had a to-do list that included dealing with striking seamen and trolley-bus drivers, discussing the privatisation of Pireaus port and preparing for talks with the creditors keeping Greece's defunct economy afloat.

Greece 'directly' affected by Cyprus crisis: PM

ATHENS: Economic problems in Cyprus "directly" affect struggling Greece and the traditional allies will coordinate policies ahead of a European eurozone summit later this week, Greek Prime Minister Antonis Samaras said on Monday.

Greek Stocks Tumble Amid Concerns on Government Stability

Greek stocks are headed for the biggest weekly retreat in four years as coalition government lawmakers squabble over austerity measures needed to guarantee the flow of bailout funds and keep the nation in the euro.

Greek opposition rejects new cuts but won't force poll

PARIS (Reuters) - Greece's opposition leader denounced international lenders' demands as dealing the "final blow" to a devastated economy but said on Friday he would not seek to bring down the government.

Samaras Faces Coalition Revolt Over Lenders’ Demands

Greek Prime Minister Antonis Samaras faces a growing revolt from his coalition partners as representatives of the country’s lenders press for more changes to the country’s labor market as a condition for releasing further bailout funds.

Greece under pressure to bolster cuts for debt deal: Official

ATHENS: Greece was under pressure from international creditors to beef up a controversial austerity package in return for loan relief, officials said as Prime Minister Antonis Samaras said a deal was in sight.

Greece may get more time, not more money, indicate IMF, EU

NICOSIA: Greece may get more time to reach financial targets under its 130 billion euro rescue package but probably not more money, its international lenders signalled on Friday, saying a decision had to come by the end of October.

IMF Deputy MD David Lipton 'optimistic' about Greece

WASHINGTON: IMF Deputy Managing Director David Lipton said Friday he was optimistic that Greece could get its restructuring program back on track and remain in the eurozone.

Grexit debate stirs in Germany ahead of Greek PM visit

(Reuters) - Greece will not leave the euro zone unless the country "totally refuses" to fulfill any of its reform targets, the head of the Eurogroup said on Saturday, as Germany insisted the crisis-stricken country must stick to the agreed reforms.

Eurozone shuttle diplomacy to pick up pace before critical month

ATHENS/MADRID: After a brief summer lull, euro zone leaders are gearing up for a round of shuttle diplomacy in the run-up to what could be a crucial month in the 2-1/2-year debt crisis.

Greece looks to easier rescue terms, eurozone gloom returns

ATHENS: The new Greek government presents on Friday a strategy to salvage its debt rescue programme, win favour with EU-IMF auditors and gain room to renegotiate terms with the EU and IMF.

Greek coalition seeks two extra years to meet bailout deficit targets

Greece's new coalition government has outlined the concessions it hopes to exact from Europe's leaders on its €130bn bailout package, as its two top politicians receive hospital treatment.