Greece submits new reform and budget cut plan

Greece submits new reform and budget cut plan

(VOVworld) – The Greek government submitted a new proposal Thursday for economic policy overhauls and budget cuts, which are said to have moved closer to Eurozone creditors’ demands in return for...
BRICS’s influence in a multi-polar world

BRICS’s influence in a multi-polar world

(VOVworld)- The BRICS summit is underway in the Russian city of Ufa, in parallel with the Shanghai Cooperation Organization (SCO) summit. Both summits will conclude on Friday, July 10. Amidst tensions between Russia...
EU summit on Greece set for Sunday

EU summit on Greece set for Sunday

(VOVworld) – EU leaders will meet in Brussels on Sunday for a summit that could sign off on a new bailout deal for Greece, Italian Prime Minister Matteo Renzi said on...
Efforts to resolve Greek crisis

Efforts to resolve Greek crisis

(VOVworld) – The result of Greece’s referendum has created a problem for EU leaders. They now have to find a way to prevent Greece’s leaving the eurozone and perhaps...
US calls on Greece, EU to compromise

US calls on Greece, EU to compromise

(VOVworld) - The White House urged Greece and EU leaders on Monday to find a compromise to keep Greece in the eurozone, after Greeks voted resoundingly to reject the austerity-based bailout....
Greece submits new proposal to creditors

Greece submits new proposal to creditors

(VOVworld) - Greece has submitted a new proposal to its international creditors in a last-ditch attempt to keep from defaulting on its IMF debt payment, which falls due on Tuesday
IMF receives loan extension request from Greece

IMF receives loan extension request from Greece

(VOVworld) – Eurozone finance ministers denied the last-minute proposal of Greek Prime Minister Alexis Tsipras to extend Greece’s bailout package during an urgent phone call Tuesday midnight