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(Reuters) - Euro zone finance ministers are expected to approve a second bailout for Greece on Monday to try to draw a line under months of uncertainty that has shaken the currency bloc, although work remains to be done to make the numbers add up.
It’s decision day on the Greek bail-out. Or is it? Eurozone finance ministers are due to meet this afternoon to sign off on the €130bn bail-out to Greece.
Plans for Greece to default, potentially leaving the euro, have been drafted in Germany as the European Union begins to face up to the fact that Greek debt is spiralling out of control - with or without a second bailout.
The rage displayed in Greek cities against austerity measures inspires all who are suffering for the benefit of banks and the rich
Jiang Shixue is describing to me one of the most exciting moments of his life:
Rioters burn the German flag in street protests. A demonstrator defaces the façade of the Bank of Greece, the central bank, so that it reads “Bank of Berlin”.
Germany's economy contracted slightly in the fourth quarter but both it and France, which eked out anemic growth, performed better than forecast
Greece is becoming the test site for an extreme case of neoliberal social engineering.
Entered By: Robert Lee
The great myth of the last few decades is that people can establish sustainable savings by investing in other people’s debt.
As anticipated in November 2011, Moody's Investors Service has today adjusted the sovereign debt ratings of selected EU countries in order to reflect their susceptibility to the growing financial and macroeconomic risks emanating from the euro area c
...CUTS OUTLOOK ON Aaa RATED FRANCE, AUSTRIA AND UK
Protesters in Athens are clashing with police, some throwing stones and Molotov cocktails. Greece's coalition government managed to agree on a new austerity deal their creditors demanded.
American billionaire George Soros slammed German Chancellor Angela Merkel in an interview published on Sunday, warning that her policies could lead to a repeat of the Great Depression. "I admire Chancellor Merkel for her leadership. But unfortunately
ATHENS -- Greek lawmakers on Monday approved harsh new austerity measures demanded by bailout creditors to save the debt-crippled nation from bankruptcy, after rioters in central Athens torched buildings, looted shops and clashed with riot police.
Although hopes for a positive outcome in Greece were buoyed by news that Greek politicians had come to an agreement on austerity measures yesterday, that enthusiasm has quickly vanished.
Greek political leaders failed early on Thursday to sign off on a tough reform and austerity program, the price of a new international bailout for the nation, but Prime Minister Lucas Papademos said they would try to strike a deal within hours.
German Chancellor Angela Merkel told Greece on Monday to make up its mind fast on accepting the painful terms for a new EU/IMF bailout, but the country's political leaders responded by delaying their decision for yet another day.
(Reuters) - Greece's coalition parties must tell the European Union by Monday whether they accept the painful terms of a new bailout deal as EU patience wears thin with political dithering in Athens over implementing reforms.
European leaders at a summit in Brussels said a final debt deal could be signed off in the coming days, together with a second multibillion-euro bailout package designed to save the country from a potentially disastrous bankruptcy.
Greece’s finance minister angrily rejected a German plan for the eurozone to impose a budget overseer onto Athens in return for a new €130bn bail-out, saying it would improperly force his country to choose between “financial assistance” and “national
LISBON, Portugal (AP) The prime ministers of Spain and Portugal said Tuesday they want next week's European Union summit to adopt measures that will help shield them against contagion from Greece's debt crisis.
European Union nations have agreed on an oil embargo against Iran as part of sanctions over its nuclear programme.
The EU just isn't working. What a mess. Who could have foreseen it?
MILAN: Italian Prime Minister Mario Monti's government on Friday adopted a structural reform programme aimed at breathing new life into a debt-stricken economy, but which has already met heavy opposition.
Nigel Farage exposes the EU technocrats’ latest effort to entrench its dictatorship.
Despite disappointing auction results in France, the downgrade hangovers (sell the rumor, buy the news?), and increasingly likely Greek PSI talk epic-fail, most European sovereigns are rallying modestly on the day
Time for the dominos to fall where they may: head of sovereign ratings at S&P Kraemer spoke on Bloomberg TV, and said the following:
Greece’s creditor banks broke off talks after failing to agree with the government about how much money investors will lose by swapping their bonds, increasing the risk of the euro-area’s first sovereign default.
Life-saving drugs such as Sanofi (SAN)’s blood-thinner Clexane and GlaxoSmithKline Plc (GSK)’s asthma inhaler Flixotide often appear as lines of crimson data on pharmacists’ computer screens, meaning the products aren’t in stock or that pharmacists c
Blue-chip names like Johnson & Johnson (JNJ.N), Pfizer (PFE.N) and Peugeot (PEUP.PA) are among firms bailing out Europe's ailing banks in a reversal of the established roles of clients and lenders.
