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Greece sends bailout compromise proposal to its creditors

Greek officials say the country has sent its proposals for a last-minute compromise that would break a deadlock with its European creditors over its frozen bailout program, the Associated Press reports. No details were provided Thursday, although Athens has already said it will request an extension of the loan program that has kept it from bankruptcy since 2010. Eurogroup president Jeroen Dijsselbloem tweeted: "Received Greek request for six months extension," Without giving further details Thursday. Greek shares rose 2% on the news in morning trading. Ref. USAToday

Business Greece

Greece gets 4-month loan extension; U.S. Stocks in record territory

Deal gives debt-ridden country more time to get finances in order; in U.S., Dow and S&P 500 poised for all-time closing highs. Ref. USAToday

Greece Business History & Civil Business Politics

EU official: Greece submits list of reform measures

Debt-strapped Greece has submitted a list of proposed reforms to its creditors to get final approval for an extension to its rescue loans, a European Union official said Tuesday. EU Commission chief Margaritis Schinas tweeted that the country's list of reform measures had been received on time. The reforms will now be reviewed by 19 eurozone finance ministers. Without an extension or restructuring of its debt, Greece is in danger of going bankrupt and may even be forced out of the eurozone. Its loans expire on Feb. 28. Ref. USAToday

Page 8 Business Greece

Greece has been in debt for so many years that it may take a real revolution of thinking to get out of it.

Business Greece

German parliament approves four-month extension to Greek bailout

The German parliament has voted in favor of extending Greece's financial bailout for four months. The extension was passed 542-32, the Associated Press reported. The approval comes a week after Greece and its European creditors hammered out a deal. Ref. USAToday

Greece Business

Greece draws up drachma plans, prepares to miss IMF payment:

'We are a Left-wing government. If we have to choose between a default to the IMF or a default to our own people, it is a no-brainer,' says senior Greek official Ref. Source 6

Greece Business - Page 8

Interior minister warns Greece will default on June IMF repayment:

Greece cannot make a repayment to the International Monetary Fund (IMF) due on 5 June as it does not have the money, the interior minister says. "The four instalments for the IMF in June are €1.6bn, this money will not be given and is not there to be given," Nikos Voutsis told Greek TV. Ref. Source 7y

Greece Business Politics Business Civil & History - Page 8

Greek PM tears into lenders, euro zone prepares for 'Grexit':

Prime Minister Alexis Tsipras lashed out at Greece's creditors on Tuesday, accusing them of trying to "humiliate" Greeks, as he defied a drumbeat of warnings that Europe is preparing for his country to leave the euro. Ref. Source 7l