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The article focuses on the Greek economy and the discovery that Greek businesses and individuals have been withdrawing money from Greek banks and depositing into foreign banks since December 2014. The authors discuss the two major international bailout deals that Greece has received since 2010, explore how the bailouts are impacting Greek debts, and examine Greek government spending.

The article reports on ongoing debate and negotiations surrounding the proposed financial bailout of Greece as of July 14, 2015, focusing on the demands of the International Monetary Fund (IMF) regarding European debt relief measures. Topics addressed include the IMF's rationale behind calling for debt sustainability measures, pro-austerity-centered positions by countries such as Germany, and particular threats by the IMF to withdraw support if their calls aren't addressed.

The article discusses the German government's stance regarding the referendum in Greece resulted in a vote against the bailout terms of Greece's creditors, including the European Central Bank (E.C.B.). An overview of Greece's economic conditions, including its bank holiday, limits on deposits from ATM machines and prospects for its use of the euro currency, is provided.

The article discusses economic conditions in Greece as of July 2015, following a missed government payment to the organization International Monetary Fund (I.M.F.) and exhausted lines of credit to banks from the European Central Bank. Topics include the closure of Greek banks, the relation of Greece's economic crisis to austerity measures, and a shortage of funds for the Greek central bank.

The article discusses the financial crisis ongoing in Greece as of June 2015, focusing on how the confrontation between the European Union leadership and Greece has led to difficulties for Greek consumers and businesses. Topics addressed include ATM and bank closures, ripple effects of currency shortages dampening sales, and the fragility of Greek banking institutions at this time.

The article discusses negotiations between the Greek government and its European Union (E.U.) creditors regarding the settlement of Greece's public debts, highlighting the possibility that the two sides could agree to a compromise. Topics addressed include Greek prime minister Alexis Tsipras' meetings with various officials from eurozone countries, the International Monetary Fund and the European Central Bank, as well as the role of the European Commission in the negotiations.

The article discusses the European Central Bank's (E.C.B.'s) Governing Council's concerns regarding the E.C.B.'s bailout policy of making loans to Greek banks. Topics addressed include the possibility that the E.C.B. could reduce its line of credit to Greek banks if Greece does not implement economic austerity policies, as well as the possibility that Greece could default on its debt.

The article discusses negotiations between the Greek government, Germany, and the European Union regarding potential relief of Greece's debt, highlighting Germany's resistance to Greece's efforts to restructure its bailout deal. Topics addressed include a meeting between greek finance minister Yanis Varoufakis and German finance minister Wolfgang Schäuble, as well as European Central Bank (E.C.B.) president Mario Draghi's decision to cut lending to Greek banks.

The article discusses the election of Alexis Tsipras, the leader of the Syriza leftist political party, as prime minister of Greece, highlighting his pledge to renegotiate the terms of the eurozone's economic bailout of Greece. The author considers the prospects for negotiations with Greece's creditors, the International Monetary Fund (I.M.F.), the European Central Bank (E.C.B.), and the European Commission.

The article announces that 13 banks failed the European Central Bank's (E.C.B.'s) stress test on bank capital and risk preparedness, highlighting the implications in terms of the eurozone's economic recovery. Topics addressed include the review's findings on capital shortfalls and troubled loans at European banks, as well as considerations of banks in countries such as Germany, Italy and Greece

The article reports that finance minister of Germany, Wolfgang Schauble who played a crucial role in getting a bailout approved for Greece by German government, also raised fundamental questions about it.

The article reports on the reopening of banks in Greece in July 2015, the need to restore trust in the banks, and the impact of the Greek government-debt crisis on the banking industry.

The article news world briefs as of July 20, 2015 including the expected debt payment of Greece, the second-quarter earnings of American financial services company Morgan Stanley & Co. LLC and the success of Apple Watch.

The article reports on the need of Greek banks for bailout if the Greek government ratifies the new deal with European creditors which requests for a reform of the country's banking system that includes money to replenish capital and close insolvent lenders if necessary.

The article reports on the suggestions of economists for a longer payment plan to ease Greece's debt.

The article reports on the opposing scenarios when Greece will depart from the Eurozone including riots and hyperinflation and surge in exports and tourists.

The article reports that the fate of Greek banks, which closed since June 29, 2015 because they are low on cash, is in the hands of the European Central Bank (ECB), which has been keeping the banks alive through emergency loans.

The article reports on the agreement of International Monetary Fund (IMF) that the government of Athens, Greece is making some reduction in the staggering debt load of the country.

The article presents questions and answers related to the negotiations between European creditors and Greece about the country's debt including what are the implications of the country's failure to pay the International Monetary Fund (IMF), how would eurozone creditors respond to such failure, and what will Greeks vote on in the referendum.

The article reports on the concern of the U.S. Treasury secretary that European leaders should find quickly the solution to the Greek debt crisis which stressed that the deteriorating financial condition will pose a threat to the global economy.

The article reports on the allegation of Greek Finance Minister Yanis Varoufakis regarding the billions of euros that Greece owes to the European Central Bank.

The article reports on the failure of German finance minister Wolfgang Schäuble and his Greek counterpart Yanis Varoufakis to reach an agreement on the Greek government debt crisis during their meeting in Berlin in February 2015.

The article reports on the move of the European Central Bank which shut off the Greek government bonds as collateral for loans on February 4, 2015 in a bid to renegotiate Greece' bailout.

FRANKFURT -- In a decision that appeared to unsettle some investors, the European Central Bank said on Friday that it would at least temporarily stop accepting Greek government bonds as collateral for low-cost loans. This move could hurt some Greek banks that use holdings of their own government's bonds as collateral to obtain low-cost loans from the central bank. And it served as a reminder of how dependent Greece is on outside help. [ABSTRACT FROM AUTHOR]

BERLIN -- After Greek elections eased fears that the country's exit from the euro zone was imminent, attention turned Monday to an even bigger challenge: restoring the economic body to health with Greece still in it. A respite from market pressure early Monday proved to be short-lived, as investors shifted their attention from political infighting in Athens to the larger question of whether European leaders could find a more lasting solution to a debacle now well into its third year. [ABSTRACT FROM PUBLISHER]

FRANKFURT -- Greek elections on Sunday could bring urgency to a debate that has been largely academic: whether the euro zone can withstand the departure of one of its members. With a good chance that the elections will produce either a political stalemate or a populist left-wing government in Athens, even people who say they do not believe Greece will drop out of the common currency are preparing for that possibility. [ABSTRACT FROM AUTHOR]

PARIS -- Its membership in the euro currency union hanging in the balance, Greece continues to receive billions of euros in emergency assistance from a so-called troika of lenders overseeing its bailout. But almost none of the money is going to the Greek government to pay for vital public services. Instead, it is flowing directly back into the troika's pockets. [ABSTRACT FROM AUTHOR]

MUNICH -- When Germany wants to understand Greece and the crisis afflicting Europe it not only looks south to the Continent's periphery but also turns inward, to the former East Germany, still struggling more than two decades after German reunification. To an extent not often appreciated by outsiders, the lessons provided by that experience -- with the nation pouring $2 trillion or more into the east, by some estimates, to little immediate benefit -- color the outlook and decisions of policy makers and the attitudes of voters, a majority of whom would like to see Greece leave the euro zone, polls show. [ABSTRACT FROM PUBLISHER]

FRANKFURT -- To listen to European leaders lately, the debate about Greece's exit from the euro zone is increasingly moving from ''if'' to ''how.'' Policy makers and many economists continue to regard Greece's departure as a doomsday situation that must be avoided at all costs, and there is clearly an element of brinkmanship in talk of a ''Grexit.'' But it has become clear in recent days that secret contingency planning has begun in case events spin out of control. [ABSTRACT FROM PUBLISHER]

ATHENS -- The Greek government will pump 18 billion euros (about $23 billion) into the country's four largest commercial banks this week to help them guard against losses from a worsening economy, bankers in Athens said on Tuesday, a step that will improve the banks' ability to raise money but will still leave them unable to lend money normally. The injection, which has been planned for some time, comes as Greek businesses and consumers continue to withdraw substantial amounts of money from their bank accounts amid uncertainty about the country's political and economic future. [ABSTRACT FROM AUTHOR]

FRANKFURT -- It's way too early to call a turning point. But while Greeks were marching in the streets against austerity, their economy may actually have been growing for the first time since 2009. That surprise news resided deep within first-quarter economic data for Europe released Tuesday that also showed, to everyone's mild relief, that the euro zone as a whole has still avoided slipping into a regional recession. Greece, where the economy has been in free fall, ''grew'' only after adjusting for seasonal effects -- a calculation made by economists at Barclays. The Greek government did not provide an official figure. [ABSTRACT FROM AUTHOR]

FRANKFURT -- The European Central Bank acted on Tuesday to prevent a potential collapse of the Greek banking system after the country was declared by a large ratings agency to be in ''selective default,'' making Greek bonds ineligible as collateral for loans from the central bank. Standard & Poor's issued the most recent downgrade late Monday because of the debt-reduction deal reached last week with Greece's private sector creditors. [ABSTRACT FROM AUTHOR]

LONDON -- Euro zone leaders prepared the way on Friday for the approval of a fresh 130 billion euro bailout for Greece at a meeting of European finance ministers scheduled for Monday. At the same time, the European Central Bank began to swap its holdings of Greek bonds for new debt to shield it from losses being absorbed by private creditors. [ABSTRACT FROM PUBLISHER]

FRANKFURT -- Private-sector creditors appeared to be inching closer to an agreement with Greece on Thursday to forgive much of the country's debt. But it remained unclear whether political leaders in Athens could agree on wage cuts and other unpopular measures that would be a prerequisite to the release of any further bailout money. Josef Ackermann, chairman of a banking group that is negotiating with Greece, said in Frankfurt on Thursday that an agreement with private bondholders was possible ''in the next few days.'' [ABSTRACT FROM PUBLISHER]

BRUSSELS -- The European Central Bank may forgo future profits on its Greek bonds as efforts remain under way to fill a financial hole that has been obstructing a second bailout for Greece. Talks among senior European officials in Brussels ended Tuesday without any commitment from the central bank but with hopes still alive that the bank would agree to the deal. [ABSTRACT FROM PUBLISHER]

Sobriety displaced euphoria in Europe on Friday as signals that the debt crisis was far from over, like higher borrowing costs for Italy, deflated a market rally that had followed a show of resolve by European leaders. Italy was obliged to pay the highest rate in more than a decade to sell a new bond issue, a sign that investors remained wary of the country's political paralysis and a debt load equal to 120 percent of yearly economic output. If Italy's borrowing costs become unsustainable, the country is potentially a much greater threat than Greece to Europe and the world economy. [ABSTRACT FROM AUTHOR]

FRANKFURT -- Europe took another step Wednesday toward approval of a broader bailout fund for overly indebted countries after Finland's Parliament agreed to contribute its share despite an unresolved dispute over its demand for collateral from Greece. The vote, which was 103 to 66, with 30 legislators absent, still leaves seven countries that have not yet ratified the bailout fund. Even after it is approved, the fund, despite expanded resources and power, is considered much too small to fend off further market attacks on Greece and other indebted countries. [ABSTRACT FROM AUTHOR]

The Greek Parliament voted late Tuesday in Athens to back a hugely unpopular property tax, one of a series of new austerity measures. The vote could clear the way for a crucial injection of international financing meant to at least temporarily stave off a default on government debt. The property tax, the first of its type in Greece, would raise 2 billion euros, or $2.7 billion, this year alone, according to government calculations. The question is whether enough Greek people can or will pay the tax to meet those forecasts. [ABSTRACT FROM AUTHOR]

LONDON -- The European Central Bank took further steps Wednesday to ease a cash crunch at the Continent's banks, as the International Monetary Fund warned that the sovereign debt crisis would require a huge increase in bank reserves. As leaders in Greece and Germany continued to debate how to escape the sovereign debt crisis, the I.M.F. estimated bank risk stemming from the crisis at roughly 300 billion, or $412 billion. Political infighting is partly to blame, the I.M.F. said in its Global Financial Stability Report. [ABSTRACT FROM PUBLISHER]

FRANKFURT -- Greek leaders struggled through the weekend to agree to a set of radical budget reductions that would satisfy foreign lenders' demands even as they tried to stave off mounting resistance to those cuts at home. Reflecting the urgency of the situation, the prime minister of Greece, George A. Papandreou, canceled a planned trip to Washington this week and held talks with his cabinet on Sunday. [ABSTRACT FROM AUTHOR]

FRANKFURT -- European leaders escalated their hard-line talk on Greece on Thursday, with the German finance minister threatening to leave the country to the mercy of financial markets if it does not meet the conditions set for receiving aid. Aid will only be paid ''if Greece actually does what it agreed to do,'' said Wolfgang Schauble, the German finance minister, during an interview Thursday with Deutschlandfunk radio. [ABSTRACT FROM AUTHOR]

FRANKFURT -- Europe's sovereign debt crisis threatened to spill over into the broader economy after official figures released Tuesday showed that growth in the euro zone fell to its lowest rate in two years. Germany -- the Continent's powerhouse -- slowed almost to a standstill. Most of Europe's main stock indexes lost ground after the data suggested that the debt and economic problems in countries like Greece and Italy were infecting the rest of the 17-country euro zone. The crisis has led a number of governments to sharply cut spending while weathering market turmoil that has damaged business and consumer confidence. [ABSTRACT FROM PUBLISHER]

FRANKFURT -- If the European debt crisis were an old survival movie, there would be a scene in which the passengers in a lifeboat realize that they don't have enough food and water for everyone and that someone needs to go over the side. We're looking at you, Greece. In fact, that is the sentiment that a growing number of reputable economists and other commentators, particularly from fully liquid Germany, have been expressing lately. [ABSTRACT FROM AUTHOR]

PARIS -- The wave of relief in European markets that accompanied a new rescue plan for embattled euro zone governments appears to have mostly run its course, suggesting that investors are becoming more skeptical about the plan's prospects for success. Officials in Brussels agreed last week to bolster the European Financial Stability Facility and to provide Greece with new financing on more favorable terms. Those terms would also be available to the other euro zone members that have received bailouts, Portugal and Ireland. [ABSTRACT FROM PUBLISHER]

The finance industry's lead negotiator on debt relief for Greece said that though a deal reached last week would lead to write-offs at some institutions, the move would help assuage fears about the health of European banks. Many analysts have been skeptical that the agreement reached Thursday by European leaders, which calls for banks to accept a 21 percent cut in the value of their Greek bonds, will bring lasting relief to Greece or ease market tensions. [ABSTRACT FROM PUBLISHER]

FRANKFURT -- Chancellor Angela Merkel of Germany and other European leaders appeared to act in defiance of the European Central Bank when they insisted that banks contribute to the latest rescue plan for Greece. But the central bank president, Jean-Claude Trichet, may consider himself the real winner of the week. It is true the central bank lost its fight to prevent European leaders from precipitating a partial default of Greek debt. After meeting with Ms. Merkel and other leaders in Brussels on Thursday, though, Mr. Trichet appeared to have prevailed on important points. Governments agreed to reclaim the task of preventing collapse of the Greek economy and to take responsibility for fiscal performance of the euro zone, tasks that the central bank did not want. [ABSTRACT FROM PUBLISHER]

WHEN European banks bought loads of Greek bonds over the years, making themselves more vulnerable to default and amplifying the current crisis, they were just doing what regulators encouraged them to do -- and, indeed, still encourage them to do. Despite the threat to the banking system caused by Greece and huge markdowns on Greek bonds in the market, European banking regulations maintain the fiction that Greek debt is risk-free. The same holds true for bonds from Ireland, Portugal or any other European Union country. [ABSTRACT FROM PUBLISHER]

MADRID -- Spain sold one-year bills on Tuesday at the highest yield since 2008, underlining broader concerns about the ailing euro zone economies amid tense negotiations over another rescue package for Greece. In an added sign of mounting anxiety ahead of a European Union summit meeting on Thursday, borrowing from the European Central Bank rose sharply Tuesday, indicating that many banks were having trouble raising money on open markets. [ABSTRACT FROM PUBLISHER]