Europe ties Greece loans to austerity

Europe has promised to unblock existing bailout loans for Greece and draw up a second financial rescue.

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
Italy backs £42bn austerity bill as minister admits that 'like Titanic' not even rich will be spare
The package was being rushed through to stop growing fears that Italy - the third largest Eurozone economy - was sliding into the same financial abyss as Greece.
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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