Deal on Greek rescue

Greece has caved in to an ultimatum from Germany and its other creditors and agreed to rush through long-resisted economic reforms in return for a third bailout

Piraeus Bank names three new directors

Foreign representatives part of drive to improve governance

Comment and analysis

©James Ferguson
A model could be the camps set up for displaced people in Europe after the second world war
– Gideon Rachman
Presidential guards are framed through a burned EU flag in front of the Tomb of the Unknown Soldier by the parliament in central Syntagma square in Athens May 1, 2013 following a May Day rally. Thousands of protesters took part in the annual May Day march protesting austerity measures by the government in the debt-laden country ravaged by its sixth year of recession and popular fury over wage and spending cuts. REUTERS/Yannis Behrakis (GREECE - Tags: CIVIL UNREST POLITICS BUSINESS EMPLOYMENT) - RTXZ62Q ©Reuters
With yields on 2019 bonds at 8% there is still a long road ahead
©Daniel Pudles
There is a slim chance that economic recovery will take hold in 2016

Greek leaders clash over pensions reform

Funding at heart of premier’s first spat with new opposition

Greek farmers protest at pension reforms

Tractors stop traffic on key roads as strike halts ferries

Piraeus Bank chief quits

Departure comes as Greece toughens stance on foreign investment

Anthimos Thomopoulos, CEO of Piraeus Bank
©Rosie Hallam

Greek rescue fund seeks Piraeus banker’s removal

Sign of accelerated clean-up of country’s financial sector

Greece squares up for pensions battle

Tsipras targets further proceeds of €600m in 2016

Greek banks: Hellenic hopes

Greece’s lenders have proven resilience and capital controls have been less damaging than feared

Tsipras urges IMF to quit Greek bailout

Premier says eurozone should be left alone to oversee reforms

Athens parliament approves fresh reforms

Vote opens way for €1bn aid despite anger

Greece privatises island airports

Syriza hands control to German-Greek partnership in policy U-turn

Greece to receive €1bn aid payment

Agreement reached with creditors over energy sector reform and privatisations

Defiant Tsipras insists reforms will pass

Greek PM seeks ‘consensus’ on moves to unlock €86bn bailout

Greece approves 2016 budget

153 votes for, compared with 145 against after bitter debate

Greek central bank chief warns on reforms

Warning comes as Syriza-led coalition tries to cut pensions

Thousands of Greeks march against cuts

Pension curbs and tax rises stoke austerity backlash

Piraeus cash call to earn advisers €80m

Half of the new capital will come from a state bailout fund

Greece opposition leader steps down

Centre-right New Democracy party in turmoil since losing election

Athens passes bill to unlock bailout funds

Coalition cut to two-seat majority but programme stays on track

Top Greek banks battle to attract orders

Smaller rivals enjoy oversubscribed share issues to fill capital gaps

Greece ends stand-off over €86bn rescue

Deal clears way for release of €2bn in aid and restructuring of banks

No time for Tsipras to go wobbly on reform

Rebuilding credibility is the first step towards debt relief

General strike brings Greece to standstill

Thousands of public sector employees, pensioners and jobless workers take part

Greek banks battle capital shortfall

Kick-starting bank lending key to ending brutal recession

Greece spat with EU delays bailout funds

Homeowner protection dispute to delay payment

Greece plans a return to capital markets

Athens may issue sovereign debt in first half of next year

Greece passes reforms on eve of EU talks

Issues still hold up review that could unlock bailout funds

Greek banks: on a wing and a Piraeus

Another recapitalisation, but this time it’s different

Greek banks finalise plans to raise €14bn

Lenders’ needs are reportedly ‘manageable’ but observers warn that time is short

Greece passes bank recapitalisation bill

Majority backing for bill that gives rescue fund voting rights

ECB says Greek banks need €14bn injection

Bailout fund will buy new shares and coco bonds