Finance ministers from the 17 Eurozone countries kicked off talks yesterday, looking to sign off on a deal worth at least €130 billion that will slash Greece's debt burden and allow it to stay in the Eurozone, albeit under a degree of external...
The French finance minister said ahead of a meeting of Eurozone finance ministers in Brussels that all the elements are in place for agreement on a new bailout loan for Greece.
Athens needs the €130bn (£110bn; $170bn) in order to avoid bankruptcy...
The dollar weakened against all of its major counterparts as Federal Reserve Chairman Ben Bernanke said that policy makers will provide economic stimulus if needed and as investor demand for higher-yielding assets increased.
The greenback fell...
The atmosphere in Greece and particularly in Athens was fraught, as measures including cut backs on pensions and decreases in salaries were put into place. This created a massive uproar in the country, which is already in turmoil, with ever...
The atmosphere in Greece and particularly in Athens was fraught, as measures including cut backs on pensions and decreases in salaries were put into place. This created a massive uproar in the country, which is already in turmoil, with ever...
The euro reached a two-month high against the dollar and the yen after Greek political leaders said that they had reached an agreement on the austerity measures needed to obtain a bailout.
The 17-nation currency strengthened against all its...
Yesterday’s meetings were adjourned yet again late last night, with senior government officials failing to reach agreement for the urgently required new bailout.
Pension reforms are believed to still be a stumbling block and measures are...
Despite hopes for a looming deal and an end to agonizing uncertainty the Greek debt drama has inflicted on global markets, there is still no deal, which kept the market on edge. But it is still unclear whether Greek politicians, facing public...
Greece's coalition parties must tell the European Union today whether they accept the painful terms of a new bailout deal, as EU patience is wearing thin with political dithering in Athens when it comes to the implementing reforms.
Technocrat...
The U.S. dollar gained against most of its major counterparts yesterday, following the European Union officials’ indication that a deal on a second bailout package for Greece could be finalised by Monday.
The euro found support after EU Economic...
