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Irish debt cut to 'junk' status as euro zone crisis deepens
Irish debt was cut to “junk” status by credit rating agency Moody’s, last night, hours after the Minister for Finance said that measures to aid Greece proposed by euro zone finance ministers on...
Greek fiscal survival vital for euro zone, finance minister says
Greece will stave off default not only for its own sake, but because its survival is vital for the euro zone and the global economy, Greek Finance Minister Evangelos Venizelos told Reuters on Monday.
Euro zone approves further 12b euros for Greece
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Euro Zone Fails To Agree On New Greek Aid: Reports
LOS ANGELES -- Euro-zone finance ministers failed to reach agreement on a fresh aid package for Greece, reports from Brussels said Tuesday. A key sticking point involved demanding concessions from holders...
A Brady Plan for the Southern Euro Zone: Choudhry
The policy of no default, no change to euro membership and providing a bailout fund has not worked, writes Moorad Choudhry, Head of Business Treasury, Global Banking & Markets, Royal Bank of Scotland.
Euro zone to back Portugal with caveats
Euro zone finance ministers are likely to back a bailout package for Portugal on Monday, with new conditions set by Finland, in talks overshadowed by charges against IMF chief Dominique Strauss-Kahn...
Euro Zone In Crisis - Greece Says Debt Haircut Would Be 'A Huge Mistake'
Many financial analysts believe that Greece, despite over 100 billion euros in euro-zone aid, will ultimately have to restructure its debts. But Greece warned on Tuesday that such a move would be disastrous....