Rating agency Morningstar DBRS has confirmed Greece’s long-term issuer ratings for foreign and local currency debt at BBB.At the same time, the agency affirmed the country’s short-term issuer ratings ...

Would the drachma make a return to Greece if the country leaves the euro? — -- If Greece and its 11 million people left the European Union, it would be an unprecedented move within the monetary ...

ATHENS (Reuters) -The Greek government will soon announce an out-of-court settlement for billions of euros in Swiss franc-denominated mortgages as it seeks to end a long-running dispute over soaring ...

According to Phoebus Athanassiou of the European Central Bank legal counsel, writing in his personal capacity, the clear implication of existing EU treaties is that a European Monetary Union (EMU) ...

Greece's economy isn't recovering; it's falling behind. Real wages, investment, and productivity are stagnant while poverty ...

Concerns that Greece could be on the verge of leaving the euro are back to the fore after the country called elections that could usher in a government determined to rip up the existing aid agreement ...

FRANKFURT (Reuters) - The European Central Bank has analysed a scenario in which Greece runs out of money and starts paying civil servants with IOUs, creating a virtual second currency within the euro ...

WASHINGTON (Reuters) - If or when policymakers finally decide Greece should leave the euro, the exit could happen so quickly that "new drachma" currency notes might not be printed in time. In ...

Sun-soaked Greece may not immediately come to mind as a top defense spender — but only four NATO allies spent a bigger slice of their GDP on security than the Mediterranean country last year. In ...