The Greek government of Prime Minister Alexis Tsipras has submitted a request for the country's financial bailout package to be extended for six months, but the details of the proposal haven't been made public. Greece's refusal to extend the financial aid package under its current terms ended talks with eurozone finance ministers on Monday. European officials will meet to discuss the Greek request on Thursday, then the Eurogroup — eurozone finance ministers — is expected to meet on Friday. The Tsipras government insists it won't sign on to an extension of the reforms and austerity measures dictated by the expiring agreement.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
What is the Federal Reserve and what does it do?The explainer The decisions made by the United States' central banking system have very real economic effects
-
'Natural disasters don't happen only in the movies'Instant Opinion Opinion, comment and editorials of the day
-
Trump vs. the arts: Fresh strikes against PBS and the NEAFeature Trump wants to cut funding for public broadcasting and the arts, which would save a little but cost a lot for red states
-
Warren Buffet announces surprise retirementspeed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff displaySpeed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
Trump's China tariffs start after Canada, Mexico pausesSpeed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
-
Chinese AI chatbot's rise slams US tech stocksSpeed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
-
US port strike averted with tentative labor dealSpeed Read The strike could have shut down major ports from Texas to Maine
