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Draghi said to doubt Greek solution as Tsipras reforms awaited

European Central Bank President Mario Draghi has voiced unprecedented doubts about the chances of rescuing Greece from bankruptcy as Greek Prime Minister Alexis Tsipras was due to put forward last-ditch reform proposals on Thursday.
Reuters: July 9, 2015

Betting odds show "Grexit" chances fall as deadline looms

The chances of Greece leaving the euro zone this year fell on Thursday, according to bookmakers' betting odds, just three days before the deadline for keeping the country in the 19-nation bloc.
Reuters: July 9, 2015

Merkel rules out "haircut" on European loans to Greece

German Chancellor Angela Merkel reiterated during a visit to the Bosnian capital on Thursday that a so-called "haircut" on Europe's loans to Greece was out of the question.
Reuters: July 9, 2015

Tsipras' Pyrrhic victory puts Greece on path to 'failed state' status

Pericles, the famed statesman of Athens' golden age, must be rolling in his grave at the spectacle of last weekend's bizarre Greek referendum.
Hilton Head Island Packet: July 9, 2015

Greece's Tsipras scrambles to ready tough reforms package

Greek Prime Minister Alexis Tsipras raced on Thursday to finalize a tough package with tax hikes and pension reforms due within hours if Athens is to win a new aid lifeline from creditors and avoid crashing out of the euro.
Reuters: July 9, 2015

Russia: Possibility of Greece leaving euro zone grows every day

The probability of of Greece leaving the euro zone grows every day, Russian Economic Development Minister Alexey Ulyukayev told TASS Thursday.
July 9, 2015

Greek PM works on last-minute reform plan

Greek Prime Minister Alexis Tsipras is meeting Thursday with Finance Ministry officials, a day after the debt-wracked nation asked its European neighbors for a new three-year bailout.
July 9, 2015

Tsipras 'confident' of meeting deadline for reform proposals

Greek Prime Minister Alexis Tsipras said Wednesday he is confident of meeting an end of the week "final deadline" European leaders have given him to reach a bailout deal.
July 8, 2015

Greece offers bailout 'improvements,' angers European leaders

Debt-wracked Greece said Tuesday that it had made "improvements" in its financial plan in hopes of collecting more bailout money, but it angered European leaders when its leaders showed up at a summit in Brussels without a written proposal.
July 7, 2015

World leaders await outcome of key summit on Greece crisis

All eyes in debt-ravaged Greece and beyond are riveted on a European Union summit set to convene Tuesday in a showdown likely to determine whether Greek banks open later this week or remain shut.
July 7, 2015