The Greek Parliament approved a package of austerity reforms on Sunday, clearing the first of three hurdles it must overcome to qualify for a second bailout worth 130 billion euros...
The main Greek party leaders agreed on Thursday to a last-minute deal on austerity, but the deal and new conditions imposed by Europe must still be approved by Parliament this weekend...
Greece has reached an agreement with international lenders on a package of austerity measures, clearing the way for a swap to cut the nation’s debt and win its second bailout in two years...
Another deadline slipped by on Tuesday after Greece postponed a "crunch meeting" where leaders were supposed to discuss reform and agree on austerity measures that would save the country from default...
Greek ports and tourist sites are closed today as public workers strike against more austerity...
Greek Prime Minister Lucas Papademos struck a tentative deal with political parties on Sunday over austerity measures demanded by international creditors as the terms for the release of its second, 130 billion-euro rescue package...
To reduce Greece's debt burden to 120 percent of gross domestic product within eight years, the country's international debt inspectors have calculated that Greece needs an additional 15 billion euros on top of its 130 billion-euro bailout package...
During a three-day visit to Beijing this week, German Chancellor Angela Merkel will ask China to use its influence to persuade Iran to give up its nuclear weapons, while also seeking China's support for the ailing euro...
Twenty-five out of 27 states in the European Union agreed to Germany's "fiscal compact" on Monday, with only Britain and the Czech Republic refusing to sign the pact for stricter budget discipline...
A summit in Brussels today where European leaders were meant to work on a permanent aid fund and tougher budget rules quickly devolved into a sparring match between Greece and other nations critical of Greece's half-hearted efforts to get its deficit under control...
European leaders are expected to focus mainly on growth and job creation at a summit on Monday where they are due to approve a permanent rescue fund for the euro zone and put the finishing touches on a so-called "fiscal compact" for stricter budget discipline...
U.S. Treasury Secretary Timothy Geithner has warned European leaders that outside support will not be forthcoming until they act to bolster their crisis fund...
The European Union and International Monetary Fund are asking Greece to push through more budget cuts and implement a series of long-agreed austerity measures before they will release a 130-billion euro bailout package the struggling country needs if it is to avoid a disorderly default...
One source of the mischief was the Tuesday release of the U.K.’s fourth quarter 2011 economic statement, which recorded a 0.2% drop in GDP...
The World Economic Forum kicks off today in Davos, where the main question on everyone's minds is whether the euro zone will ever get out of its debt crisis in one piece...