Greek government to seek parliament approval for negotiations on Friday

The Greek government will ask for parliament's approval on Friday to negotiate on the text of "prior actions" that could form the basis of a cash-for-reforms deal with the country's international creditors, a government source said. As Greece races to stave off bankruptcy, its creditors want Athens to pass laws on reforms as "prior actions" to convince the international lenders of the government's intent. There will be one vote on whether to authorise the government to use the text as a basis for talks, the source said.

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Why are Greeks so sure that a deal will get done?

To many observers outside of Athens, the prospect of Greece leaving the eurozone is a matter of when, not if. Recommended: Think you know Europe? Both Greeks and Europeans have experienced a roller coaster of emotional highs and lows as news of the negotiations trickles out of Athens, Berlin, and Brussels.

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Eurogroup president's spokesman says new Greek reform proposals have been received.

BRUSSELS (AP) — Eurogroup president's spokesman says new Greek reform proposals have been received.

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Greece sets parliament vote on reform commitments to EU

A Greek official said lawmakers would be asked to authorize the leftist government to negotiate a list of so-called "prior actions" it must take before aid funds are disbursed, a key step to convince skeptical lenders of its serious intent. The ...

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Draghi Says This Time It's Difficult to Find Greek Solution

European Central Bank President Mario Draghi suggested the Greek debt crisis is getting increasingly hard to fix, speaking hours before the ECB ...

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Weighing the Fallout of a Greek Exit From the Euro

If Athens is forced out of the single currency zone, some experts predict hyperinflation and riots, while others see surges in exports and tourists.

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EU sets July 20 deadline to reach deal on migration

By Francesco Guarascio LUXEMBOURG (Reuters) - The European Union failed on Thursday to reach a deal to resolve a migration crisis in the Mediterranean, and instead set a deadline of July 20 to reach an agreement on how to redistribute 40,000 asylum seekers currently in Italy and Greece. "We made progress but we are not there yet," Dimitris Avramopoulos, the European Commissioner responsible for migration, told reporters after a meeting of European interior ministers in Luxembourg. The European Commission, the EU's executive arm, proposed in May to relocate 60,000 refugees over the next two years.

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