Europe clears urgent aid for Greece

Eurozone finance ministers have cleared the way for Greece to receive urgent funds to avoid bankruptcy.

Marshall Auerback: The European Monetary Union is the Titanic
By Marshall Auerback, a portfolio strategist and hedge fund manager. Cross posted from New Deal 2.0 The Iceberg Cometh: An economic and financial crisis will soon be brought about by the collapse of...
Eight banks fail the European Banking Authority Stress Tests
Eight banks fail the European Banking Authority Stress Tests
A fourth of Europe's banks would be at risk in another downturn, stress tests find
Europe's banking system remains heavily dependent on government support and would be at risk if another economic downturn hits, the European Banking Authority said Friday in a report that highlights...
8 European banks fail stress tests
BANKING 8 fail stress tests in Europe Eight banks failed the European Union stress tests after regulators said Friday they had a combined capital shortfall of $3.5 billion, less than predicted by analysts...
Stocks sink as Europe worries hit bank shares
SAN FRANCISCO (MarketWatch) -- U.S. stocks closed sharply lower Monday, dragged down by financial stocks on worries Greece would soon default on its sovereign debt. The Dow Jones Industrial Average...
Eurozone new steps to help rescue Greece
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Eurozone vows to battle debt contagion, rescue Greece
BRUSSELS, Jul 12, 2011 (AFP) - Eurozone finance ministers Monday vowed to beef up a rescue mattress for troubled economies such as Greece as they went to battle to contain debt crisis contagion threatening...