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Donald Tusk

Greek Prime Minister Alexis Tsipras

Greece considering capital controls, closing banks on Monday

Greece said it may impose capital controls and keep its banks shut on Monday after creditors refused to extend the country's bailout and savers queued to withdraw cash, taking Athens' standoff with the European Union and the International Monetary Fund to a dangerous new level.

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Greece

Euro zone sets emergency summit on Greece as money flees

Euro zone leaders will hold an emergency summit on Monday to try to avert a Greek default after bank withdrawals accelerated and government revenue slumped as Athens and its international creditors remain deadlocked over a debt deal.

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Angela Merkel

Germany will do all it can to avoid 'Grexident': govt official

Germany will do all it can to avoid Greece stumbling out of the euro zone, a senior government official said on Wednesday ahead of a meeting of European Union leaders in Brussels.

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Greek Prime Minister Alexis Tsipras

Greece says euro zone deal won time as cash bled from banks

Greece's left-wing government insisted on Saturday it had avoided being "strangled" by the euro zone, which agreed in principle to extend a financial rescue deal as nervous savers pulled huge sums from Greek banks.

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Former Polish Prime Minister Donald Tusk

EU leaders agree investment package to boost economy

European Union leaders endorsed a new investment programme intended to kick-start economic growth in the bloc at a summit in Brussels, which its chairman said would end late on Thursday, half a day earlier than planned.

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